226 - Highs and Lows of Property Development

226 Highs and Lows of Property Development   In this Deals, Deals, Deals Podcast Series, we go Behind the Scenes on some of the UK’s most Creative, Lucrative and Award-Winning Deals 🤩   Our guest this month is Steve Hammond who has been on Property Entrepreneur for nearly 2 years. Steve is based near Birmingham and discusses his career to date and how he started as a builder, working on clients projects and progressing to larger projects.    Steve has also just finished the National 3 Peaks challenge for the Property Entrepreneur Get Up Give Back campaign which is raising £125,000 for five cancer charities. Please see Steve’s Crowdfunder link below if you would like to sponsor him.    On Property Entrepreneur, we discuss the three levels of Wealth, Cashflow, Profit and Assets. Doing developments to sell on is a profit play and you need to have your cashflow in place to get you through the developments as they can take longer and cost more than planned for, even with a contingency.    The numbers for The Barn:   •⁠  ⁠Purchased for £350,000 •⁠  ⁠Development Costs = £750,000 •⁠  ⁠Total Costs = £1.1m •⁠  ⁠GDV = £1.535m •⁠  ⁠Gross Profit = £435,000 •⁠  ⁠ROI = 40% •⁠  ⁠£20k-£30k of VAT to claim back.   The Lodge numbers: Purchased for £450k Development Costs = £500k Finance - TBC GDV £1.2m   Want to contact Mark or his guests?   www.thepropertybrokerage.co.uk [email protected] Steve Hammond   GUGB: https://www.crowdfunder.co.uk/p/get-up-give-back-2024---cardio-v-cancer https://www.facebook.com/steve.hammond.property https://www.instagram.com/steve.hammond.property/ https://www.linkedin.com/in/steve-hammond-property/ [email protected] 07899922556   BACK FOR 2024 - JOIN US FOR THE 3 DAY BLUEPRINT EVENT LIVE !!!! Are you a busy Property Investor who’s managing trades, paying invoices and talking to tenants?!   Would you rather become a High Net Worth Property Entrepreneur who works on their business rather than in it?!    Then our Annual 3 Day Blueprint Event is just for you!!!!   Oversubscribed every year for over a decade The UK’s Highest Rated Business in Property Training Programme is back.    For a ZERO risk, 100% Money Back Guarantee opportunity to spend 3 days with our team in 5* Accommodation with 3 Course Dining, learning the secrets to achieve a 7 figure net wealth and six figure income visit www.DontTalkToTenants.co.uk NOW   Only 150 Places Available. When they’re gone, they’re gone.    Don't be the one who missed the boat!!!   Want to learn more?   Want to know the ONLY 5 PROBLEMS you need to overcome to become a High Net Worth Property Entrepreneur making 6 and 7 figure annual profits? Click here now to download our FREE PDF report   Daniel Hill's brand new, first-ever published book Karma Credits: The Universal Law of Wealth, Health and Happiness can be purchased on Amazon. Click here now to purchase a copy.   If you’ve not already joined the 10.9k Property Entrepreneurs for FREE in the Property Entrepreneur Facebook Group, click here to join now:  The Property Entrepreneurs Community   If you're listening to this podcast but have not yet subscribed, click the subscribe button to listen to what Daniel and other industry leading guests have to say on a weekly basis on all things business, investment property and lifestyle: The Official Property Entrepreneur Podcast    Keep up to date with Daniel’s unique and proven Blueprints by subscribing to The Blueprint YouTube Channel now   Follow Daniel on Social:   Instagram: @propertyentrepreneur_  Facebook:  @PropertyEntrepreneurOfficial LinkedIn: @propertyentrepreneur