- This Friday is our Live/Online Property Development workshop. November 12,13,14 2021: https://www.propertymastermind.com.au/property-development-workshop/
- If you’re interested in receiving a free copy of the book “Secrets of Property Millionaires Exposed”, send an email to hilary@propertymastermind.com.au! Or Subscribe and give us some great feedback on YouTube. https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA
Property developing in cheaper areas may sound like the best way to extend your budget, but it’s actually far more dangerous!
Discover what makes buying in these areas a huge risk as Bob Andersen and I talk about
- Fixed and variable costs,
- If people can actually develop property in cheaper areas (and how they try to do so)
- And the mistake of developing something just because it’s cheap.
Avoid making the costly decision of buying cheap by tuning in! See you on the inside!
Episode Highlights:
- Why is it really dangerous to develop in cheap areas? [02:24]
- Consider fixed development costs when buying in cheap areas [04:13]
- Land is the only variable cost [07:50]
- How do people develop in cheap areas (and can they really)? [09:11]
- Building “a block of land” versus a townhouse [14:07]
- The problem with buying property because it’s cheap [15:35]
- Run your numbers properly [23:16]
Resources:
- If you’re interested in winning a free copy of the book “Secrets of Property Millionaires Exposed”, go ahead and leave a comment or send me an email. We’d love to hear from you!
- Every week, Hilary is inclined to give away a free coaching session. Feel free to send her an email at hilary@propertymastermind.com.au
- If you liked this episode, or have any comments and/or suggestions on how we can make this better, don’t hesitate to send us an email. For questions/things you’d like us to cover and discuss in this podcast, again, you can send an email at hilary@propertymastermind.com.au
Connect with Hilary Saxton:
- Property Mastermind Facebook: https://www.facebook.com/PropertyMastermind
- Property Developer Secrets and Hacks Facebook group: https://www.facebook.com/groups/2581187315284341
- Hilary Saxton Facebook: https://www.facebook.com/HilarySaxtonCoach
- Instagram: https://www.instagram.com/hilarysaxtonproperty/
- LinkedIn: https://www.linkedin.com/in/hilary-saxton/
- YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA
- Property Mastermind Website: https://www.propertymastermind.com.au/
It has been a pleasure! And we look forward to seeing you in the future episodes!
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