More often than not, people fail to do a good property development feasibility due to many factors, but it’s a fact that feasibility is incredibly important for your project to be successful & profitable.
You see, developing property without making sure the end goal is attainable is like setting up a building on quicksand!
If you’d like to avoid making the wrong decisions and develop a property that is achievable and profitable, this is the episode for you! From feasibility calculators, prioritising the numbers, and the biggest mistakes people make when doing a feasibility, we cover all that and more!
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!
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Let’s get into the episode!
Episode Highlights:
- What is a financial feasibility analysis? [02:21]
- The ease of having feasibility calculators [03:22]
- Banks want to see numbers that stack up (with or without calculators) [06:06]
- Available feasibility calculators [08:10]
- Always be wary of where a feasibility came from [11:20]
- The biggest mistake people make when doing a feasibility [13:09]
- Possible flaws other calculators may have [16:59]
- Do the numbers right and leave emotion out of it [18:54]
- Always do your own feasibility & double check figures! [19:52]
- What numbers matter the most in a feasibility? [25:09]
- Property goes up longer than it goes down [30:05]
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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