How To Become Your Own Property Developer - Part 2

In this second part of how to become a property developer, Liam takes a deep dive into funding, and how you can get started using none of your own money! KEY TAKEAWAYS There are many companies in the Uk who specialise in lending developers money in order to go and do deals. This is know as development funding. Banks will typically lend you 75-80% loan-to-cost. For example, if the total cost of development comes to around £1,000,000. £750,000 to £800,000 could come from a bank, which means you need to find £200,000 to complete a million pound development. The bank will want to make sure that you, your investors and your partners have an element of risk in the scheme. This is known as "skin in the game"  BEST MOMENTS 'The fact is, you can become your own developer using OPM - other people's money!' 'People call me the money man in property, and if I can do it, then you can do it'  VALUABLE RESOURCES The Dealmaker Podcast - https://omny.fm/shows/the-deal-maker-by-liam-ryan Assets For Life - https://assetsforlife.co.uk    ABOUT THE HOST You're listening to The Deal Maker podcast with Property Expert, Property Multi Millionaire and Joint World Record Holder Liam J. Ryan. If you want to become a master negotiator, close more property deals, become a great salesperson and live a better life then The Deal Maker podcast is for you. Liam is a property investor, business owner and Entrepreneur helping people make more money and live a happier life CONTACT METHOD Instagram - https://www.instagram.com/liamjryanwealth/ Facebook Page - https://www.facebook.com/LiamJRyan.AFL Facebook Personal - https://www.facebook.com/profile.php?id=100010124928017 Hosted on Acast. See acast.com/privacy for more information.