Saturday 25 June 2016

Real Estate Development - Two Important Keys to Building a Successful Property Development Business!

When it comes to real estate trading very few investors actually look at building their property portfolios as a real business. They desire a shift in their way of thinking and approach real estate investment more like an entrepreneur.

In our thoughts and opinions two of the essential keys to running a successful Real Estate Advancement business are using great systems and forming great long-term relationships.

Entrepreneurs use proven systems and leverage off others to run their business effectively and they view their business as separate from them. They realize that they are not their business and see their business as the end product. A property developer who understands that, has a real chance to become very successful.

When you realise that real estate development is a business and that your business will be your product, you can then learn to focus on building your business. To build a successful real house development business you will need to change the method that you think and your approach to real estate investing.

We believe the ultimate real house developer is what we call a 'Real Estate Development (RED) armchair entrepreneur'. You see, the traditional property developer still considers that real estate development is a career. They assume that time equals work and work equals money, while a RED armchair entreprenuer believes that point equals collateral and equity equals flexibility. In other words if RED armchair entreprenuers usually spends the time to build equity it will eventually allow them to get free of the business enterprise and if they want more freedom they build more equity.

Conventional real estate developers still believe they need to the actual work and be part of the system whereas RED armchair entreprenuers think that they should build great relationships and have others do the work. This specific permits RED armchair business owners to build their businesses much faster.

When the company owner is also the hands on developer it will usually require much more hard work to make the business successful. This is much smarter for anyone considering entering into the to set upwards a business where the systems run the business, and let others run the systems. Quite simply the systems and others work for you so you don't have to.

Focusing on your business allows you to work with the things that really matter which will give you the biggest return for your attempts. RED armchair entrepreneurs use systems to streamline jobs and avoid chaos for them to concentrate on growing their business efficiently.

When the systems are now being run by others RED armchair entrepreneurs are able to emphasis their attention on advancement. They can capitalize occasions of inspiration and through effective communication they're able to turn their dreams into reality.

If you think about some of the great property developers, names like Donald Trump will typically spring to mind however one of the biggest property developers was actually a institution drop-out, Ray Kroc the founder of McDonalds. A good entrepreneur with an incredible perspective who worked on his business and not in his business.

You see Ray never considered that he was in the hamburger business but somewhat that he was in the business of real house. Ray secured development sites in great locations, put fast food restaurants on them which he franchised. Ray Kroc died on January 14, 1984 and was worth an approximated $500 million.


Since business owners and very pleased parents our most important asset is time and as much as we wanted to be actively involved in real estate development we knew we didn't want to be traditional real estate developers who worked well long hours trading their time for money.

As an alternative we looked at the big picture and applied the same entrepreneurial skills we had developed in our architectural practice to property development. Real estate development were required to contribute to our ultimate goal of attaining financial freedom and giving back.

We knew that when we achieved our ultimate goal it would give to us more choices so we could commence to live our dream lifestyle based to our core beliefs and with passion and purpose.

To be successful at real estate development you need to hook up with what is most important to you. Because soon as you start thinking more like a RED armchair entrepreneur and set your ultimate goal or the dream that drives whatever you do the more real estate development will give you a sense of direction and goal.

Your ultimate goal will make you want to jump out there of bed in the morning and stay up late, it is your innermost driving force. It is going to allow you to live your life intentionally, instead than randomly and it will inspire you to achieve your full potential.

Setting your ultimate goal has nothing to do with real estate development. It is about how precisely you want your life to wind up as.

It isn't about material things, or about others. There is no right or wrong answer because it will change for everyone. It is about your life so it is, in substance, what is true for you. Real estate development is merely a vehicle that can be used to aid your ultimate goal.

In order to set your ultimate goal, you should start off by asking yourself questions such as:

* What do I need in my life?

* What do I want in my life?

* How do I want to live my entire life today?

* Exactly how do I want to live my life in 2, 10 or 20 years from now?

5. What has given myself great joy so far in my life?

* Basically had a wonder wand and my life could be anything I wanted it to be, what would that life be like?

Knowing your ultimate goal gives you the ability to make conscious choices that are regular with what is important to you, your core values. It will help you set your life's purpose and put real estate development in its proper perspective.

Adrian Zenere is a Registered Architect and Licensed Builder with over quarter of a century experience in the design and construction industry along with his wife Amber they have built a multi-million dollar property portfolio through Real Estate Development. With each other they run their own architectural practice specialising in Holistic Architecture combining eco sustainable development with feng shui principles and creating harmonious living that is respectful of our environment. Their projects are regularly featured in the Australian Property Investor, Luxurious Home Design, Lifestyle Journal, Home at Yellow and several newspapers.To become more data click here brian wiita.

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