Is property development a good business?

[Mariagatzs12]

My parents are thinking of giving me around £200k to start my own property development business. I would create a company and my husband would become the company's employee as a PM.

We were thinking of buying a house for say £150k, invest 25k and then sell it for £200k. I know it depends on the property and the are, but does that sound more or less accurate? My husband's salary would be whatever the profit is up to £25k. Whatever is left would be reinvested and so on and so forth.

According to my maths, it takes about 4-5 years to make enough for doing two properties simultaneously and that's when the good money starts to come in.

Am I being delusional? My mom is on board but I have to present my "business proposal" to my dad who believes it's a good business but he's had businesses of his own so likes everything to be well structured and planned.

Why not try it out on a very cheap property like a 1 bed flat bought at auction.
Then he can utilise his skills and keep his day job and it won’t take as long as a 2or 3 bed house.

He might find once he has done the first few it works out cheaper and quicker to get certain trades in.

I can tile, plumb, put flooring down, fit s kitchen and paint etc I have spent many hours in the beginning doing everything

But apart from painting (no one can beat me on painting) it is quicker to get trades in to get things done.

If that is successful then he can get a bigger place and then a bigger place etc.
If all goes well he could start by reducing his days at work till he goes full time property developing.

It isn’t going to happen over night and might take a few years or he might decide it isn’t for him and decide on something else

Just don’t run till you can walk and have the money burn a hole in your pocket