1. Introduction
1. Introduction (Image 1 of 10)
*All details correct at time of publishing - 02/2007
When I started my own property development company 10 years ago, the market was very different. It was the end of the recession, and people didn't buy property because they were scared they would lose money. I took a gamble and it paid off. Sure, there was an element of luck, but there was more than an equal measure of hard work when most people of my age were out having fun. And although the market today doesn't make it quite the investment it once was, there's still good money to be made.
There are a few basic things that will determine whether you can make a go of it: you need to love property and enjoy the business of buying and selling; you should avoid stretching yourself too thin when it comes to the finances, and you must never underestimate a project's cost, or confuse DIY you have done on your home with property development. Read on to find out how you can bag the right property to help you on your way.
