There is no better way to learn about property development than to learn from those who came before you. Without a doubt, becoming an expert in property development is not easy. Property Development is a complex process and a high-risk strategy, so if you don’t get the process right, you’re almost guaranteed to lose money. Fortunately, many experienced property developers have paved the way for you with their advice. Therefore, here are the top 5 property development books you need to get you started.

#1 Build

This book captures the experience of a former corporate executive who made a sudden transition into property development after 20 years in corporate life and with no prior experience in property development. Importantly, Build provides a blueprint which you can easily apply in order to start your property development business in safe mode by minimising risks.

The many Case Studies in this book will educate you on the areas of:

• due diligence
• technical site analysis
• financial feasibility analysis
• sourcing the best Sites
• site negotiations and acquisitions
• development approval processes
• tendering and construction processes
• legal structures
• funding and financial modelling
• the role of consultants

#2 Property Development: discover the secrets to becoming a property developer, from scratch, using none of your own money

Author Lloyd Girardi knew very little about property development when he and his business partner, Andi Cooke, bought their first site at auction. However, now an experienced property developer, Lloyd gives you an inside look into property development.

This book gives in-depth information into how to:

• start a property development business
• structure your business
• find development opportunities
• raise money to fund the development
• find the power team needed for a development
• refinance your development and many more secrets to get into property developments

Significantly, this book has been written for beginners to help get you started. This book was a best seller back in 2018 when it was released. Hence, there is also an audio version available.  

#3 Australian Residential Property Development For Investors

The Australian Residential Property Development for Investors Book provides a practical step by step guide in which new and experienced investors can use. Consequently, with a focus on practical outcomes, you’ll learn how to approach the property from an investor’s perspective to minimise risk and maximise returns.

In this book you will discover:

• Firstly, how to select the site with the most profit potential, and find dependable financing
• Secondly, how to work effectively with contractors, councils, consultants, and solicitors
• Thirdly, how to apply standard monitoring and risk management techniques to your investment
• Finally, how to cost and market property appropriately to target the right buyers

 

#4 Property Development

Property Development is a completely revised book that has been completely updated to reflect ongoing changes in the property field. Therefore, this book maintains the direct relevance of the text to all stakeholders involved in studying the property development process.

This book includes chapters discussing:

• the rise and significance of Proptech
• the entire comprehensive process from inception, financing, planning, and development stages within the context of sustainability and urban global challenges
• international examples highlighting key issues

Moreover, the chapters include introductions with chapter objectives, discussion points, reflective summaries and case studies.  

#5 An Intelligent Guide to Real Estate Development

In An Intelligent Guide to Real Estate Development, architect and successful international real estate developer Ron Forlee shares his many secrets in this high risk, high reward industry. Therefore, this is a practical introduction to the industry for novice developers, or those considering investing in real estate development.

This book covers:

• The attributes of successful developers
• How to reduce the risks in developing real estate
• Choosing a team of appropriate development consultants
• Conducting a feasibility study, and calculating your profit
• Selecting finance and managing your way to success.
• Build a residential real estate portfolio
• Manage your portfolio to ensure a significant passive income, and
• Lastly, why commercial real estate is a great asset in your portfolio.

Property development can be a big gamble if you do not take the time to understand the ins and outs of it. It requires patience, research, commitment and above all a strategic mind. Therefore, have a good read through the top 5 property development books before taking the plunge.

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