Kicking off the week-long 'Start, Grow, Scale Series', Jade McNeil starts by looking at the vital early stages of property development, covering those critical first 0-12 months, otherwise known to us as the 'Start' phase.
With her no-nonsense and realistic approach, Jade aims to clear the fog for beginners, sharing her top pieces of advice learned along the way.
Here’s what Jade tackles in this episode:
- The starting line - Taking us through her initial steps into property development, Jade shares her firsthand experiences, from sifting through the overwhelming sea of information to setting her sights on a strategy.
- Choosing the right investment area - Emphasising the importance of location, Jade discusses her strategy for selecting the right investment area, sharing insights on why and how to conduct in-depth research on potential locations, including aspects like transport links, local demographics, and economic drivers.
- Financial planning and strategy - Delving into the nitty-gritty of financial considerations, Jade compares the various property investment strategies — ranging from buy-to-lets, HMOs, serviced accommodations, to flipping properties — providing a realistic overview of each to help listeners align their resources with their investment goals.
- Assembling a power team - Jade introduces listeners to the concept of strategically building a crucial network of industry professionals including mortgage brokers, solicitors, builders, and more.
- Consumer-first approach - Highlighting an often overlooked aspect of property investment, Jade talks about understanding the end-user of your developments, encouraging a strategy that prioritises consumer needs and market demand to ensure the success of your projects.
- Keeping focus - Jade discusses the pitfalls of the 'shiny penny syndrome' and the benefits of maintaining focus on your goals. She also sheds light on the advantages of having a mentor in navigating the complex paths of property development.
This episode is more than just a discussion, it's a roadmap for anyone looking to break ground in the property development industry, starting off on the right foot. Tune in now to equip yourself with the knowledge you need to get started in property.
Excited to hear more about our upcoming event 'The Start, Grow, Scale Meet-Up – For Women in Business & Property'? Sign up to our mailing list here 👉🏿 bit.ly/BEESPACE-SIGNUP 👈🏿 to get first access to tickets!
Interested in having Jade's on-hand support through this first stage of property development? Visit bee-space.co.uk to find out more about her mentorship programme.
