Property Development Explained To Help You Get The Best Return On Your Investment
Real estate development, or property development, is a multifaceted business process encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land. While some educational organisations offer courses in property development, many developers who are active in the market are property entrepreneurs who have learnt the process from mentors like Bob Andersen. Enjoy his latest tips.
What property development skills do you need? Australia’s Billion Dollar Property Developer, Bob Andersen, shares his expert tips.
Let’s take a look at the 2 core skills that you need in order to excel in the world of property development. It’s quite simple. A lot of us are actually utilising these skills in our daily lives. We use these at work, at home, wherever we go. And it’s no different in property development.
How would you like to master your property development market? Australia’s Billion Dollar Property Developer, Bob Andersen, shares his expert tips.
Hi everybody! Bob Andersen back again talking about property development.
One of the things I recommend you to do when you’re getting out there is getting to know your property development market. It’s so important to understand the market when you’re developing. One of the best things you can do is to go to any open townhouse or an open apartment – whatever it is. It’s when you go to a finished project, it’s on the market and the agent has opened it up for inspection, that’s where you want to go.
There are a lot of wealth creation strategies through property out there. But why property development? Australia’s Billion Dollar Property Developer, Bob Andersen, explains.
In the first installment of the Australian Property Development Series, I’ve given you an overview about what property development is and clarified some misconceptions you may have about it. In this installment, I’m going to take you through the reasons people want to get involved in property development.
The one thing that holds of all these reasons together is flexibility. There’s so much flexibility in property development and you’ll find out about it below.
How do you profit from property development, what costs are involved, & why should you follow Bob Andersen’s footsteps?
Hi! Bob Andersen back again. In this episode, I’m going to take you through the really exciting stuff. It’s the numbers. At the end of the day, nothing else matters but the numbers.
So we’ve been talking about the four townhouse project. Obviously, there are lots of little costs involved in any property development project. But I’ll just take you through what I call the “major hittings”.
So the sale price of the four townhouses came in at $2,763,000. Before the property was developed, it had a three-bedroom townhouse that sold in the high 600s and a couple of four-bedroom townhouses that sold in the lowest 700s. Of course, we have to take the cost off that to work out our profit.
Do you know how to market property development sites? Australia’s Billion Dollar Property Developer, Bob Andersen, shares his expert tips.
Hi, Bob Andersen back again.
In this episode, I’d like to talk to you about marketing property development sites. When you market your property development site, you’ve got two choices as a developer.
First, you can develop some property and keep it as a long-term investment. That’s how you build long-term wealth. Of course, you’re getting it at raw cost price, which is fantastic.
Second, you can sell your finished product. In which case, you get a great chunk of cash – that’s cash flow. That could give you your lifestyle, pay all your bills, give you the toys, the house, the cars, whatever it is from the cash payment.
What’s it like in the property development contract stage? Australia’s Billion Dollar Property Developer, Bob Andersen, shares what he knows.
Hi! Bob Andersen back again.
In the last video, we talked about locating a deal. We talked about one of the students that came up with a deal—a potential four townhouse project—and how quickly we jumped on it when we could see that the numbers were going to work.
Today, I’d like to take you through a little bit forward to the contract stage – the actual acquisition stage because that’s important as well.