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Great Post Kimanand. Kudos sent.:) Cashflow is king. I often wonder if some of these property "gurus" spruiking seminars of how easy it is have even built a shed for profit? I work in the industry and have seen even wise old souls get burned when deals go bad for no reason other than dumb bad...

Great Post Philip! Peter

Dear Philip I think you feel I am anti PD and against your comments? I am not. Your advice above was very good and absolutely right, especially being in a related industry to learn the ropes which is what I did and still do. PD and PI is the bonus, my business is my cashflow. My post...

Hello Philip, Thanks for the calcs but my point was more that if in any time in the two years 11 months until the payoff, you run out of cash, you can be lose the lot. I have been in development 15 years as a designer, builder and occasional developer and seen many with cash and...

And best advice I ever got: You make your profit when you secure the site. It can only go down from there. Peter

Cashflow. Property Development requires deep pockets. Yes you may make 30% CG on $1M in three years. $100k a year YAH!!! but you also had 2 years and 11 months of no income. Start small and learn. Peter