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How can I finance giving up my well paid job and get into property developing?

I have a wife (no kids) and a hefty mortgage to pay but want to make the move off my current career path and into working for myself in property. I have some equity in the house.

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5 Responses to “How can I finance giving up my well paid job and get into property developing?”

  1. mr_sister_uk said :

    Just give up your well paid job and get into property developing

  2. DP said :

    I would recommend starting small while you’re still working. As you make money buying and selling homes the closer you are to independence. You don’t need much money to put down on a house that may need some minor repairs and then do the repairs yourself on the weekends. You also need to give the house an appealing look which you can do with some fresh paint and yard work. Remember that when buying and selling a house quickly (called house flipping) the location has got to be key in choosing one to buy. I don’t know what area you live in but make sure that it is an area that the real estate market will support a quick sale.

    Best of luck to you!

  3. Tom L said :

    Be a “finder” first, find a deal you can present to an established developer, to get your feet wet. You need experience first before jumping in with both feet.

    Spend your spare time going after this with your passion and I have no doubt you will be successful! Get experience first though.

  4. ssjagrawal said :


    Before you actually take the plunge, here are a few questions to ponder:

    1. Is your wife working? If not, then what shall be the source of income during the first few weeks / months of your business, when (quite possibly) your own business will not yield any income on itself? Do you have savings that can see you through during the initial gestation period?

    2. Have you researched the property development market? Have you worked out a business model?

    3. What is the investment required to go into this business? Any direct capital? Do you have financiers / lenders?

    Considering that you already have a hefty mortgage to look after, perhaps it would be appropriate if you settle it first (the soonest). The interim period could be utilized in working on and polishing your business skills in your chosen domain.

    All the best.

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