$40k job to Developing $36,000,000 Projects, How he went full time Developing - With Ross Versteegh

$40k job to Developing $36,000,000 Projects, How he went full time Developing Transitioning from a full-time job to becoming a property developer - is it possible? Ross Versteegh, Property Developer and director of Gambit Development Group, joins us today as he shares his remarkable journey from a building designer to managing $36 million in projects. In this episode, Ross recounts his first property deal in 2008, revealing how he turned a modest investment into an $85,000 profit through subdivision. Discover the keys to successful property development, including the importance of education, networking, and understanding the financial landscape. Ross dives into the challenges he faced, the lessons learned from his early mistakes, and how he navigated the complexities of the real estate market. Whether you're a seasoned investor or just starting out, Ross's insights will inspire you to take action and explore the world of property development. Click on this episode now so you don't miss this opportunity to learn from his experiences and gain valuable tips for your own journey! South Australia Property and Planning Atlas: https://sappa.plan.sa.gov.au/ Get in touch with our amazing episode contributors & sponsors: Connect with Ross and his team: https://www.gambit.net.au/ Rob Flux: https://developernetwork.com.au/events Steve Ash: https://www.propertystrats.com.au InvestorKit: https://www.investorkit.com.au/ Talk with Dawn Fouhy and her team today: https://futureproofpropertyadvisory.c... CHAPTERS: 00:00 - Introduction 00:25 - Early Days and Initial Struggles 00:48 - Learning from Experience 01:42 - The First Deal: A Journey Begins 02:04 - Motivation Behind Buying a Home 03:17 - Influence of Family and Early Education 04:24 - Transitioning to Development 06:19 - Building Confidence in Development 07:25 - Financing the First Subdivision 09:32 - Creative Problem Solving 10:50 - Lessons from Early Mistakes 11:33 - Understanding Possible vs. Profitable 13:01 - Key Tips for Site Selection 16:02 - Scaling Up: Taking on Multiple Projects 18:22 - Managing Doubt and Risk 20:35 - Choosing the Right Builder 21:28 - Owner Builder vs. Project Builder 22:15 - Researching Builders and Projects 29:07 - The Second Deal: When Things Went Wrong 32:06 - Financial Management Lessons 32:46 - Starting Again with Limited Funds 34:06 - Networking and Finding Opportunities 37:11 - Final Words 🍕🏠 We want to hear your investor story! So if you've experienced something that you know other investors can learn a thing or two from, click the link below and let us know. 🍕🏠 👉 https://pizzaandproperty.com.au/inves... 👈 If you'd like to be flown into the Pizza & Property Studio, put up for a night's accommodation, have dinner with Todd Sloan, and have a team of carefully chosen property investing experts help you get unstuck, click the link below and tell us why you're stuck, and you could be our next UN-Stuck Yourself winner! 👉 https://pizzaandproperty.com.au/unstu... 👈 Want more help understanding how to buy property faster and for less? Get your copy of Todd Sloan’s book today: Booktopia: https://www.booktopia.com.au/australi... Dymocks: https://www.dymocks.com.au/book/austr... YouTube Pizza & Property:    / @pizzaandproperty1246   Facebook Pizza & Property: https://www.facebook.com/Pizza-and-Pr... ASK YOUR LISTENER QUESTION BY VISITING THE WEBSITE BELOW Website: https://www.pizzaandproperty.com/ Disclaimer: All discussions are general in nature and should never be considered financial advice, please seek your own professional financial advice. The content displayed on the website, podcast, and blog is the intellectual property of Pizza and Property. You may not reuse, republish, or reprint such content without our written consent.