43 – From henchman to niche property developer (part 1)

59:08
 
Share
 

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on March 10, 2021 13:04 (2M ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Manage episode 214908819 series 2419074
By Justin Gehde. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Finding a niche in a market can really help you focus on delivering something special for your buyers. Byron Sakha discovered a unique property development niche and he is delivering some beautiful projects to service a growing market. He has gone from playing henchman and tough guy, to property developer and master coach, so he has many strings to his bow. I think you will enjoy the conversation that we have. Before I get to that, here’s what I have been up to lately. I have been responding to the many enquiries that are coming in about the property developer training course that I mentioned in the last show, so thank you to all those people who are keen to know more. Learning how to develop property If you are interested in learning how to develop property then drop me an email justin@propertydeveloperpodcast.com and I can send you some further information. And just before we move into today’s guest, I would love to do a podcast with someone who has had some tough times as a developer to hear what they learned and what they would do differently, maybe they’ve had troubles finishing projects, or maybe they went bust, hopefully they have bounced back and have some good lessons to share. So if you know of someone who might be willing to be a guest on the show please drop me an email and let me know. Okay, on to today’s guest, a friend of mine from Sydney, Byron Sakha. Byron has an interesting story to share about how he got into property developing and what he has learnt along the way. Byron started off his developing journey at a big corporate, before branching out on his own. This ended up being quite a long conversation, as there are many interesting sides to Byron’s life, so I have broken it into two parts. In this part we talk about how attitude can really get you places, the importance of your feasibility and how long term, strategic thinking can help you see things on the way not in the way. In part two we take a deeper look at how you can be strategic in your planning and thinking. Lessons for real estate developers Okay, that’s the end of part 1 of my chat with Byron. I hope you enjoyed it as much as me. I think Byron has quite an interesting take on life and developing. Here are three things that stood out for me from our conversation so far. 1. Attitude can get you places in property development As Byron said, he got his first opportunity with Multiplex because he was keen and showed great attitude. He didn’t complain about his entry level position and got on with the job. He demonstrated persistence and perseverance and it got him a start. The lesson for me was about being prepared to do whatever it takes to get the job done, and not searching for excuses. 2. Be as clear as possible with pricing in your property development feasibility Byron raised the very good points about being careful with your numbers to help reduce the provisional sums in your construction contract, maintain control over the scope of works, and being clear about the materials and finishes you want. As he said, being clear on all this at the start will avoid arguments and disagreements later by eliminating the age old problem of assumptions! 3. Long term thinking can help you see things on the way not in the way This is one of my favourite sayings. Everything happens for a reason, and I find, if I have a big enough vision and a strong purpose, then I don’t let things stop me from pushing forward. Yes I can get frustrated with things taking longer than I want, or not going exactly to plan, but I deal with it and move on, because I have bigger things I want to get done. Anyone that has ever done anything significant, has experienced big challenges along the way, but they pushed ahead regardless. Alright, that’s my wrap of part 1 of my discussion with Byron Sakha, in the next episode we will finish off the conversation and pick up talking about the power of having a vision,

81 episodes