{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Andrew Wright Property Podcast","title":"EP49: How to Scale Property Development Using Joint Ventures with David Fielding","html":"","width":"100%","height":180,"duration":4340,"description":"How do you scale from your first property development to running multiple projects when you don't have enough capital to fund them all yourself?\nIn this episode of the Andrew Wright Property Podcast, Andrew sits down with David Fielding from The Castle Property Group, an experienced industrial property developer who has completed around 60 projects over 25 years.\nDavid shares how he saved $80,000 over five years to get started, partnered with investors to fund his first industrial development, and eventually built a business managing 12 projects with different joint venture partners.\nIn this episode, you'll learn:\nHow David used $80,000 and a joint venture to get started in industrial property development.\nHow to structure relationships with capital partners to fund multiple developments.\nWhy David prefers freestanding industrial warehouses over larger strata unit complexes.\nHow to assess industrial development opportunities, construction costs and market demand.\nThe risks of speculative development versus securing tenants before construction.\nHow tenant quality, rental income and capitalisation rates affect commercial property values.\nDavid also shares real examples from his development portfolio, including a Brisbane industrial site purchased for approximately $1.45 million and later sold for $3.9 million.\nWhether you're planning your first commercial development or looking to scale beyond one project at a time, this conversation explores the importance of relationships, financial discipline and understanding your market.\nConnect with David Fielding — The Castle Property Group:\nhttps://castlepropertygroup.com.au/\nSubscribe to the Andrew Wright Property Podcast for more real property deals, development strategies and conversations with experienced Australian investors and developers.\nhttps://andrewwrightproperty.com.au/","thumbnail_url":"https://img.transistorcdn.com/AWve3fdnlO5RFVojAFxQgn5FISMIjquKk-WfEFUMIg4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jNWEw/ZTA1YTI2ZjQ0OGQ1/NmE0OGU3MzA0NTc5/MTBkMS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}