EPI 104 | Making money with property development – Shane Hiscock

What’s news

  • Lisa Parker on looking for next property project and getting prepared.
    Parker Investment Properties
  • Kaz on getting started on the mentoring program

Feature – Making Money with Property Development

Quick tip and action

  • What do you need to know?
  • What do you need to do to find out?
  • Commit to learning – what do you need to do?
    • Read, subscribe, meetup, join, mentoring, course.

EPI 097 | DIY Development with Matt Jones

What’s news

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  • Mastermind Jo her parents looking to sell a development block: Sell now or hold out?
  • Kaz on building and pest inspections: Knowing when to get out and when to stay

Feature – Matt Jones

Property Development DIY subdivisionDIY reno

Mindset

what's stopping you


Quick tip and action

Team Development Tips

  • Your team is very important, so start to source them – Conveyancer, Surveyor, Town Planner, Broker (with development experience)
  • Tools to estimate feasibility – look around the Internet for them (DIY Development Kit), make one
  • Learn some of the fundamental rules that relate to planning and development in your area – E.g. Brisbane city plan, Zones, GFA, minimum block sizes

EPI 062 | Investing in the Hunter Region with Jo Chivers

Things we talk about

In today’s episode we learn why the Hunter Region is an attractive region for investors by speaking with Hunter Region property expert, Jo Chivers.  Jo has been project managing property development projects for clients in the Hunter Region for about 12 years now and shares with us her key investment areas and the sort of projects she is undertaking in the region.

  • Investing in the Hunter region—why is it so popular amongst property investors?
    • Diverse economy
    • Known for its coal mining
    • Tourism—day spa, vineyards
    • Growing population
  • Areas in Hunter Region that appeal to investors

Quick tip and action

 

 


Imagine making $100k from your next property project

That’s exactly what you can do with property development – and what better way to learn the process than from our good friend, Troy Harris?

Troy is running his famous Rookie Developer D-Day event on May 12, 2012 – he only runs this once per year!

Watch the video  below where I tell you about my experiences with Rookie Developer and then check out all the details about D-Day 2012 here.

Imagine what a difference to your life making $100k from one property deal could make – and then imagine doing it again…and again…and again….

Learn more about May 2012 D-Day – It could change your life

EPI 035 | Shares and Property: The right mix for successful investor Justine Pollard – Part II

If you’ve ever wanted to learn about Share Trading, then Justine Pollard, from Smart Trading, could teach you a thing or two!  Today’s interview is part II of Kaz’s chat with Justine, who is an accomplished author, expert share trader, keen property investor and soon to be property developer.

Check out the interview here and if you’re interested in learning more from Justine, checkout the links to her Smart Trading website as well as the great Mastering Investments course she talks about in the interview.

Things we talk about:

Action:

 

EPI 034 | Shares and Property: The right mix for successful investor Justine Pollard – Part I

Thought about diversifying your investment vehicle?

Today’s interview may make you think about doing just that!  We talk to accomplished author, expert share trader, keen property investor and soon to be property developer, Justine Pollard from Smart Trading.

Justine is inspiring with her story of investing, so inspiring in fact that I even purchased here Share Trading book (available on her website) after doing this interview!

Things we talk about:

  • Rich Dad, Poor Dad (Again!  This seems to be a catalyst for many a successful investor’s beginnings!)
  • Share Trading
  • Property Investing – in Australia and the US
  • Smart Trading – Justine’s share trading education site
  • Mastering Investments – the investing course that Justine put together with a bunch of share and property experts.  We have a massive listener discount special available on this course, a whole $300 of the regular price – check out the Mastering Investments Christmas special (until Dec 25 only!).

Action:


Four Property Investing Strategies for bigger profits

 

 

There are more ways to make money in property than most people realise.

Many property investors, like myself, concentrate on one or two property investment strategies. Most portfolios are negatively geared, positively geared (or positive cash-flow) or a mixture of the two. If you’re an enthusiastic investor, and you have a little time, you might be interested to find out a little more about some alternative (and a little more advanced) investment strategies.

You’ve probably already heard of some of these strategies, such as renovation and development. The average investor feels as though these are strategies that “other people” do. It’s always worth keeping these strategies in mind, and here’s why.

1. Renovating

The Complete Renovation SystemA good renovation to the right property can increase its value by thousands. It can turn a dud property into a shining star. It can turn an otherwise ordinary yielding property into a positive cash-flow gem.

Renovating can be far more than splashing a coat of paint on a wall or covering a chair in some nice fabric. Knocking down walls, adding rooms, building up, building out… There’s a big difference between what you might be comfortable doing, and what you can get an expert to do.

Whether you choose to do a light (D.I.Y) renovation, or get the experts in, renovation for investment is strictly a numbers game. It’s critical that you plan well and assess the feasibility of the project before you even buy the house. You need to manage your budget carefully and know your costs. There are great packages that can guide you through the process and it can be worth investing in one, especially if you plan on renovating more than once.  Check out Kaz’s review of  The Complete Renovation System – the system she used for her recent renovation!

As I said, a good renovation to the right property can do wonders. But a bad renovation, or even a good renovation to the wrong property can be a sure way to throw your money away. Do your homework first!

2. Property development

Property development is almost the next step for an experienced renovator. If you’re considering property development as a strategy, you can leave your options open by focusing on buying investment properties on large (especially corner) blocks. This leaves you two options:

a. Keep the existing dwelling, earn some rental income along the way and build a second property on the block

b. Knock down the existing property and build a number of dwellings on the block

A great way to learn about property development is to find a mentor who has developed property before. Ask a lot of questions! Remember, also, that property development takes time so you will need to be able to cover shortfalls in your cash-flow for two or three years.

Development is a strategy which can give great rewards. Coupled with these rewards are higher risks and a more hands-on approach. This is definitely a strategy where you need to plan well, educate yourself, consult with experts and budget well.

Make sure your checkout our podcast episodes 25, 26 and 27 which feature interviews with Troy Harris, property developer from Rookie Developer.

3. Vendor financing

Vendor financing often comes into play when the purchaser cannot obtain finance through conventional means. The vendor essentially becomes the lending institution. The vendor and the purchaser come to a financial arrangement that is mutually beneficial and enables the buyer to buy the property and the vendor to provide a financial arrangement that yields a profit for them also.

This is clearly a strategy where all the legalities need to be sorted out. If you’re considering entering into such an arrangement, you’ll need a sound team including an accountant, lawyer and possibly a broker. Make sure they all have experience in vendor financing, and make sure you cover yourself in every possible eventuality.

When it works, vendor financing provides a win-win for both the purchaser and the vendor. When it doesn’t it’s a mess.

4. Flipping

Flipping is the rapid sale of a property, prior to the settlement period expiring. The big advantage of flipping is that the purchaser may make a lot of money in very little time, with very little outlay. Only the deposit for the property needs to be provided as it is never actually owned by the purchaser, and at the right sale price the vendor can potentially make a significant amount of money.

Flipping is one of the less conventional and probably more risky strategies. Expert flippers make good money without putting a lot of money down. If the flipper, however, is unable to sell at a profit then one of two things will happen:

a. They may find themselves being forced to take out full ownership of the property. This can severely limit their cash-flow, or put them under a lot of financial stress

b. They are forced to sell at a loss

Again, when it works, there’s a lot of money to be made. But when it doesn’t, it can put the flipper in a very difficult situation.

Educate yourself

Every property investor needs to be aware of the options that they can take. Of course, not every strategy is right for you and it’s important to be comfortable with the decisions you make. If a new option interests you, do your research and get educated.

And good luck with your property investing.

EPI 027 | Property Development with Troy Harris – Part 3

This episode we wrap up our interview with property developer, Troy Harris, from Rookie Developer.

If you missed part 1 or part 2 of the interview, make sure you go check them out – Troy has been so generous with his time and knowledge about property development.

Key points we talk about:

  • Property Development
  • Property Development
  • and more Property Development!

Actions & Quick Tip:

  • Head over to the Everyday Property Investing facebook page join the conversation.
  • Post your property tax and accounting related questions to our facebook page for our accounting expert, Noel May, we’ll be speaking with Noel again very soon on the podcast!
  • Get set for next episode where we tackle one of the most common questions we are asked, how do I find positive cashflow property?  This will be a bumper episode that you won’t want to miss!

EPI 026 | Property Development with Troy Harris – Part 2

This episode we have part 2 of our interview with property developer, Troy Harris, from Rookie Developer.

Troy shares more of his experience and knowledge with us about the property development process and if property development is something that you are keen on trying – or are already involved in – then you won’t want to miss part 2 of the interview!

If you missed part 1 of this interview, go check it out!  And of course stay tuned for part 3 next episode!

Key points we talk about:

  • Property Development
  • Property Development
  • and more Property Development!

Actions & Quick Tip:

  • Head over to the Everyday Property Investing facebook page join the conversation.
  • Post your property tax and accounting related questions to our facebook page for our accounting expert, Noel May, we’ll be speaking with Noel again very soon on the podcast!

EPI 025 | Property Development with Troy Harris – Part 1

In this episode we’re really excited to be speaking with a guy who has turned his passion for property into a fantastic business in property development.  Troy Harris from Rookie Developer is a busy man, running multiple development projects and educating investors on how to get started in property development.  Troy recently took some time out of his day to chat with Kaz about how he got started in property development and also answer some of the key questions that we all want to know ask when it comes to property development.

Troy was extremely generous with his time and knowledge and so we’re delivering this massive interview in 3 parts as we didn’t want to edit any of this great information out!

Enjoy!

Key points we talk about:

  • Property Development
  • Property Development
  • and more Property Development!

Actions & Quick Tip: