Ep. 175: How Assumptions Can Cost You Money In Property Development

In this week’s episode, Hilary and Bob discuss how assumptions can cost you money in property development. They dive into the potential pitfalls of making assumptions and how it can lead to significant problems if due diligence is overlooked. They also emphasise the importance of thorough follow-up and critical thinking in property dealings and interpersonal interactions. Tune in and learn from real-life mistakes and how to avoid those costly pitfalls!

Episode Highlights:

1. Introduction to Assumptions in Property Development [03:15]

2. Assumption Story: Broker and Development Application [03:26]

3. Assumption Story: Real Estate Agent and Offer [07:30]

4. Assumption Story: Townhouse Development [11:05]

5. Gary Martini’s Email and Assumptions [15:30]

6. Purpose and Passion in Property Development [18:15]

7. Dan King’s Development Pride [23:08]

8. Assumption in Industrial Development [27:00]

9. Summary and Key Takeaways [31:36]

10. Upcoming Free Training Session Announcement [33:51]

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.

Bounce Back Better Podcast: https://episodes.fm/1707096100

About Bob Andersen:

Bob Andersen (known in the property industry as “The Deal Maker”) is a Property enigma. When it comes to creating financial freedom for his followers, his “thinking” is refreshingly simple. He has the ability to make the seemingly complicated, uncomplicated. Bob has changed the lives of so many people by training them to use property development as a vehicle to build substantial cashflow and long term wealth. This in turn, has given them control over their lives and a lifestyle they could previously only dream about. It has been said that Bob has created more property millionaires in Australia than any other educator / mentee out there through his highly acclaimed property development courses. Thank goodness for Bob! Because there are way too many so-called Property education experts out there. Several, even past students, have ‘borrowed’ Bob’s material in an attempt to ‘be Bob’. As Bob says, “I must have done something right, but you can’t ‘borrow’ over 35 years of experience and over $1 billion worth of projects spread across all states of Australia and in all stages of the property cycle”.

Connect with Property Mastermind: 

• 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/propertymastermind/

• YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA

• Property Mastermind Website: https://www.propertymastermind.com.au/