@lixas4 made a post earlier about risk mitigation and developing. I thought It's a great idea for developers/anyone else to post their risk mitigation ideas/strategies when undertaking a development. Maybe we all can pick up a trick or two that would be beneficial to us in the future. Below is @lixas4 post. I will post my own in the next post. @lixas4 posted "Great summary of the mindset of a developer. I cant tell you how many sites I get close to and then decide the risk is too great. Summary of my risks are as follows: Accounting and legal Acquisition and purchasing terms Planning Design Construction Finance Sales and settlement Each risk above I try to minimise by getting great advice, working with great consultants who I pay accordingly (if the advice is free, how good is it going to be, should you rely on it for a multi million dollar project?), or passing onto current landowner (with favorable acquisition terms) or the end purchasers with presales. For the type of development which im looking into, which is land subdivisions, its hard to find a workable site that has no risk or even an acceptable amount of risk, there is always something. The joint venture with the landowner is the closest to a derisked site in my opinion, but they are really hard to find, i would know, i have spent almost a year trying to find one. Its funny that the more you learn about development, the riskier it feels. My boss at work has a saying which he picked up from someone else sometime ago, which is 'only dumb people are developers, as smart people wouldn't take the risk.....' "