Beginner Young mortgage broker wanting to get into properly development

[Lukebrisbane]

Hey guys,

So i'm 24. I've just started my career as a mortgage broker, I'd like to position myself to transition/do property development on the side. Don't get me wrong, i'm committed to my job now, I just want to get into property development as I make more money.

I'm wondering, what sort of mentors would you seek out? I don't think walking into property development firms and asking them to mentor me would work. My knowledge on my job is pretty low at the moment, but I figured once I learn more I can offer my knowledge about the banking sector in construction to these firms.

Does anyone have any books you'd recommend reading entry level about property development?

Anything else that could be relatable, I just wanted to ask people out there so i'm not going down a blind direction.

Thanks.

 

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[Nicko]

If your looking to find a mentor and network with developers have a look at the Urban Development Institute of Australia:

http://www.udiaqld.com.au

And whilst I haven't read these, there are two books authored by Ron Forlee which might be a good place to start -
Australian Residential Property Development: A Step by Step Guide, and An Intelligent Guide to Australian Property Development.

And maybe start small with a sub division or structural reno to get some experience. I'm an investor not a developer so can't offer much more advice, but good luck with that and your broking. A good broker can add so much value to the process of buying property.

 

[cdegn]

I know nothing about the industry but from my experience, it could be worth socialising in areas that prop developers hang out. I work as a bouncer (while in uni) at a bar in Southbank. I've had several property developers offer me internships and I know tradies who have gained contracts with property developers the same way. Best of luck to you.

 

[Lukebrisbane]

I know nothing about the industry but from my experience, it could be worth socialising in areas that prop developers hang out. I work as a bouncer (while in uni) at a bar in Southbank. I've had several property developers offer me internships and I know tradies who have gained contracts with property developers the same way. Best of luck to you.

Thanks, yeah I'd imagine that'd be a good idea. Curious, what bar? I'm not going to stalk you or anything don't worry.

 

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[cdegn]

[location edited]. I'll ask around for connections with some of the regulars I know, one definitely has a tiling contract with a developer.