Imagine you’re in the shoes of someone seeking financing for a property development project, sitting across from potential investors or financiers. What’s the key to earning their trust? It’s not just your charisma; it’s a meticulously prepared feasibility report. This report must not only demonstrate profitability but also instil confidence.
When it comes to feasibility there are two types of feasibility assessments: the quick “bird’s eye view” and the more comprehensive analysis. It’s very important to get the numbers right, from costs and timelines to market values.
In this week’s episode, Bob and Hilary talk about how not to sabotage your feasibility. They emphasise the significance of feasibility calculations, and also share their expertise on how to avoid sabotaging these financial plans. So don’t miss out on this week’s episode, discover the secrets to a successful property development and learn how to avoid any financial pitfalls!
During the episode we also discussed:
- Bob Andersen 5 min feaso, click here to watch it on Youtube: https://youtu.be/qb0wLeJNbIs?si=ElwBCGmBkg5ylZQc
- Our upcoming 4 hour free Masterclass, click here to learn more and to register: https://www.propertymastermind.com.au/half-day-property-development-course/
- Our upcoming 3 day GOLD COAST workshop, click here to learn more: https://www.propertymastermind.com.au/3-day-live-workshop/
Episode Highlights:
- Bob’s tip of the week [01:46]
- Bob’s background and experience [02:52]
- Feasibility calculator giveaway [04:38]
- Why are feasibility calculators so vital with property development? [07:04]
- How crucial are financial feasibilities when it comes to borrowing money? [08:25]
- There are two types of feasibilities [12:04]
- Should you cut corners on education? [31:25]
- What is another common mistake that you see with financial feasibility? [18:39]
- Bob’s craziest story having to help someone with financial feasibility [26:57]
- Past Brisbane event [34:04]
- Wrap up [36:04]
- Bob’s number one tips with financial feasibility [37:00]
