In this episode, Rob breaks new ground by talking to Jerome Roith about land development. Jerome started his career working in an estate agency and moved on to become a commercial property consultant. In 2013, he and his partner used the new permitted development rules to convert offices into residential. Now, he mainly develops land and teaches others how to do the same.
He explains why acquiring land and developing it is so lucrative, including plots without prior planning permission. During the podcast, he explains what type of land to look for and how to develop it.
KEY TAKEAWAYS
Brownfield land is the easiest to get planning permission for and has the most flexible planning strategy.
Be careful about what is under the ground.
Growing a business and hitting critical mass is the way to make money.
Generally speaking, the harder it is to get planning the greater the rewards. This business model is not for the risk-averse.
Most of the UK is greenbelt. It is extremely hard to get planning on this land, but not impossible.
There is a fair amount of competition in this sector.
It is taking longer and costing more to get planning. Cashflow is a potential issue Jerome explains why in the podcast.
This is a lump-sum business model.
Assessing the site properly and crunching the numbers is crucial.
BEST MOMENTS
‘I started understanding the benefit of buying something without planning permission. ´
‘If the site is under a hectare in size, they legally have to determine the application within 8 weeks.’
‘Do not be afraid to ask for help.’
EPISODE RESOURCES
Website: https://www.propertyplanninggain.co.uk/
LinkedIn: https://www.linkedin.com/in/jerome-roith-158828b/?originalSubdomain=uk
Instagram: https://www.instagram.com/propertyplanninggain/
Facebook: https://www.facebook.com/people/Property-Planning-Gain/100078722151643/
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
BOOKS
Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
Property FAQs = https://amzn.to/3MWfcL4
WEBSITE
www.tpnpodcast.com
SHOP
www.tpnpodcast.com/shop
SOCIAL MEDIA
Instagram - https://www.instagram.com/thepropertynomadspodcast/
Facebook - https://www.facebook.com/ThePropertyNomadsPodcast
YouTube - https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg
Patreon - https://www.patreon.com/tpnpodcast
PODCAST
The Property Nomads Podcast:
I-Tunes = apple.co/3bHNn5G
Stitcher = bit.ly/3cFQVqe
Spotify = spoti.fi/2XaZliP
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
