First Subdivision = $2,400,000 profit with No Experience! HOW? With Peter Giles

First Subdivision = $2,400,000 profit with No Experience! HOW? How far can taking risks take you in property investing? In this inspiring episode, Peter Giles takes listeners on a thrilling journey from a small-town upbringing in Lithgow, New South Wales, to the ambitious world of property development. With no prior experience, Peter dives into a subdivision project that could net him millions. Discover how a pivotal moment—reading "Rich Dad Poor Dad"—changed his perspective on money and investment. Peter shares the challenges he faced, including navigating option contracts, securing financing, and dealing with the emotional aftermath of a property owner's passing. This episode is packed with lessons on resilience, innovation, and the pursuit of financial freedom. Whether you're an aspiring investor or simply curious about the world of real estate, Peter's story is sure to inspire and motivate you to take action. Click on this episode now! Get in touch with our amazing episode contributors & sponsors: Rob Flux: https://developernetwork.com.au/events InvestorKit: https://www.investorkit.com.au/ Talk with Dawn Fouhy and her team today: https://futureproofpropertyadvisory.c... CHAPTERS: 00:00 - Introduction 01:14 - Facing Bankruptcy and Lender Rejections 01:25 - Learning from Peter's Risk-Taking 02:08 - Peter's Early Life and First Job 03:08 - Realising the Importance of Money 04:03 - Transition to Engineering 05:04 - Early Business Ventures 07:01 - Early Financial Struggles 09:15 - Liquidating the First Business 10:57 - Impact of Family and COVID-19 12:08 - Identifying the Subdivision Opportunity 13:24 - Initial Steps and Challenges 15:37 - Negotiating the Option Contract 17:00 - Researching and Learning on the Go 18:04 - Financial Struggles and Selling the House 20:00 - Moving into the Cottage 22:06 - Financial Struggles Continue 23:35 - Invoice Factoring and Finding a Lender 25:01 - Learning About Pre-Sales 26:27 - Dealing with Probate 28:54 - Setting Prices for the Lots 30:31 - Subdivision Layout and Council Pushback 31:16 - Overcoming Council Challenges 33:01 - Financial Details and Loan Terms 34:03 - Running Out of Money Again 35:48 - Selling the Shed for Additional Funds 38:06 - Extreme Stress and Determination 39:05 - Borrowing from Friends and Family 40:07 - Final Stages and Settling Debts 43:02 - Achieving $2.4 Million in Projected Land Profit 44:22 - Reflecting on Risks and Rewards of Development 47:11 - Learning from Mistakes and Seeking Expert Advice 51:15 - Building a Safe Structure to Take Bigger Risks 52:26 - Advice for Aspiring Developers 🍕🏠 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.