EP 134: Bob Andersen’s Biggest Property Development Regrets

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Life often includes journeys into the unknown and we’ve all been through moments where we wish we could hit the rewind button. But what if we could shift the perspective a bit and focus on avoiding moments of “opps” and “oh nos”?

Here’s a vital piece of advice: dive into conversations with people who’ve danced the same life beats. Learn from their stories of trial and error, so you can navigate your own journey with a touch of more expertise. Think of it as getting insider tips for the grand adventure of life!

In this week’s episode, Bob and Hilary discuss Bob’s biggest property development regrets. Bob reflects on the lack of available education when he started and expresses a desire for seeking more advice in the early days. The discussion extends to the importance of selecting consultants never based on price and more on the quality of their work. These are just a glimpse of the insightful topics covered by Bob in this week’s episode. Listen now and learn from his regrets and pave your own path!

Episode Highlights:

Bob’s tip of the week [01:46]

Free goal setting session [02:56]

Developing for replacement value, what does that mean? [04:41]

The impact of market conditions on feasibilities and financing [12:13]

The role of financiers in adjusting margins [18:06]

The increase in housing demand and its effect on prices [22:31]

The importance of replacement value in property sales [25:43]

Generalising the market conditions and looking ahead to 2024 [28:23]

Recap [29:16]

To learn more about our upcoming Joint Ventures Workshop, please click here: https://propertymastermind.activehosted.com/f/134

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