If you start your property development business the right way, you are building a foundation for success. Start it the wrong way, and you could be headed for disappointment, stress, and possibly even large financial losses. 1. Manage Your Property Development Projects As A Business Unless you’re prepared to forfeit some of your profits and […]
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During recent years property developers have struggled to access finance to fund projects. This is due to the reluctance of high street banks’ to lend for both refurbishment projects and new build developments. Property Development Finance – Who can borrow? Borrowing against the projected increased value of the development you can achieve as much of […]
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Let’s take a look at some of the risks of property development. Undertaking your first property development project is more demanding and involves more risk than buying your first investment property. But although there are more things that can go wrong, there is also an opportunity for increased rewards. The greatest risk I believe to […]
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In addition to an acceptable package detailing the projected use of the property, associated costs, and future cash flow projections the following issues need to be addressed in depth as well: A. PROPERTY / TITLE Maps, locations, and overview itemsCurrent ownership and controlCurrent title holderProperty title documents / last searchList of encumbrances, liensRestrictions, easements, covenants, […]
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