Search

Network helps develop investment skills

FOR many novice property investors a bad experience often means a significant cash burn. Local businessman Rohan Taylor, however, has turned his negative experience into a business venture.

Indianic Property Development Network is a network of independent professionals from the property development sector in WA focused on helping inexperienced investors in the residential property market.

Now the network’s director, Mr Taylor was burned trying to invest in a residential development while working in the far north of the State.

“When I first started in property development I couldn’t find anyone experienced in the industry to help me,” Mr Taylor said.

“I didn’t have the time or the contacts and no one in Perth was willing to offer the level of service that I needed.

“There’s no one central point in Perth where investors can just ring and ask questions.

“This is the hole that I’m filling.”

The service provides support at every stage of development, from the initial research and feasibility through to the final sale.

If the properties do not sell, Indianic will look at reducing its fee to ensure the venture remains profitable.

Mr Taylor has put together an independent network of professionals clients can turn to for advice ahead of putting any money into a development.

Challenge Bank supports the network, although Mr Taylor said there was no commission structure involved in the relationship.

The network includes lending institutions, accountants, builders and real estate agents.

“Unlike builders, if it doesn’t look like it’s (the development plan) going to work out, someone will say it’s looking a bit difficult,” Mr Taylor said. “Essentially we remove the uncertainty and time-intensive component of residential developments for the inexperienced investor.”

At this stage the business is focused on residential developments, simply because that’s where most investors start out.

“You can spend weeks going to banks to find out who will support a development in terms of lending, but the banks help with lending and that’s it,” Mr Taylor said. “Trial and error in development is pretty expensive.”

Mr Taylor said he was the hub of the network, with his role to facilitate the dissemination of information to clients.

“The consultants are not working for me but with me, and it’s all completely independent, privately owned companies,” Mr Taylor said.

“I chose privately owned operators because then there’s the incentive there to give the very best service.”

Indianic has been in business for about six months and Mr Taylor claims the response has been very positive, almost overwhelming.

“I’ve worked in various different fields but principally I like to help people, and if I can help investors come away from it with a positive experience, then that’s great,” he said.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer