The Dangers of Property Developing in Cheaper Areas – with Bob Andersen | #023

The Dangers of Property Developing in Cheaper Areas – with Bob Andersen | #023

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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

  1. Fixed and variable costs, 
  2. If people can actually develop property in cheaper areas (and how they try to do so) 
  3. 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:

  1. Why is it really dangerous to develop in cheap areas? [02:24]  
  2. Consider fixed development costs when buying in cheap areas [04:13]
  3. Land is the only variable cost [07:50]
  4. How do people develop in cheap areas (and can they really)? [09:11]
  5. Building “a block of land” versus a townhouse [14:07]
  6. The problem with buying property because it’s cheap [15:35]
  7. Run your numbers properly [23:16]

 

About Hilary Saxton:

Hilary Saxton is a performance and mindset strategist who motivates, trains, and coaches people who crave knowledge and success in their property and business life. Hilary has had a varied career in property and business spanning at around more than 25 years now. She takes an honest, upfront approach towards both people and process issues. Hilary provides solutions through incremental and transformational change that delivers the success her clients both want and need.

 

About Bob Andersen:

Bob Andersen is the founder of Property Mastermind; he is a member of a select group of Australian property developers who have been involved in over $1 billion in successful development projects over the last three decades. Bob’s success in property development has become life-changing, and he wants to share his knowledge and experience with everyone who

 

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:

 

It has been a pleasure! Looking forward to seeing you in the future episodes!

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