How to be a Property Developer: Amanda McEwin

Summary
Join Tyron Hyde on "Ten with Ty" as he converses with Amanda McEwin, a star property developer who transitioned from being a debt-laden mother to banking six and seven-figure profits. Discover Amanda's journey into property development, where she highlights the importance of education, risk management, and building a supportive community. Learn how Amanda's Rising Star Developer program empowers individuals to enter the world of property development with or without their own funds. This episode is a treasure trove of insights for anyone interested in real estate investment and development.

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Amanda McEwin
Amanda McEwin is a highly successful property developer with almost 90 home constructions to her name. She is the founder of Rising Star Developer, a community designed to educate and support aspiring developers in navigating the world of property development. Her work primarily focuses on small-scale property developments and she is passionate about making a positive impact through affordable housing projects.

Tyron Hyde
Tyron Hyde is the CEO of Washington Brown, a firm renowned for its expertise in property depreciation. He's a qualified quantity surveyor and best-selling author who has helped countless property investors save on taxes. As the creator and host of the podcast series "Ten with Ty," Tyron brings together industry experts to unlock insights and success stories in the realm of property investment.

Key Takeaways:

• Amanda McEwin transformed her financial situation by leveraging small-scale property development, starting with no initial capital.
• Investing in education and learning from seasoned professionals can significantly reduce investment risks and expedite success.
• Building a solid network with key industry players, such as real estate agents and builders, is crucial for accessing off-market deals and estimating project costs.
• Keeping a balanced focus on risk management ensures stability and sustainability in development projects.
• Developing with a purpose, such as contributing to affordable housing, enriches both the community and the investor’s portfolio.

Resources:

• Rising Star Developer
• Click here to sample the free Rising Star Developer Cash Flow Accelerator program Amanda spoke about during the episode.
• Need a depreciation schedule for your investment property? Contact Washington Brown
• Hear Tyron Hyde answer his own "Ten with Ty" questions when he was a guest on Amanda McEwin's Building Lifestyle podcast

Stay tuned for more episodes in the series to continue building your knowledge and skills in property investment.

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Tyron Hyde is the CEO of Washington Brown Quantity Surveyors

Chapters

• 0:00 Ten with Ty Intro
• 2:21 How Amanda McEwin Became Financially Free
• 11:40 How to be a Star Property Developer
• 16:00 Finding a Good Builder
• 18:48 Finding Off-Market Deals
• 20:22 Why Education is Amanda's Best Investment
• 22:40 Beware of Margin Loans
• 27:38 Developing Affordable Housing
• 31:46 Amanda's Ideal Portfolio Mix
• 33:29 How to Invest 20K at 20
• 37:05 How to Invest 500K at 50
• 39:28 The Power of Compounding
• 41:32 Leaving a Legacy: Rising Star Developer Program
• 47:17 Amanda's Definition of Success
• 48:26 Amanda's Risk Management Strategy
• 51:21 Bonus Question: Construction Costs