Whether you’re looking for some extra income or want to take your property investments to the next level, developing high cashflow residential projects may just be the right thing for you! But where do you start, how do you get the ball rolling?
For starters, location is everything! The success of your investment heavily relies on the location and could make a difference in attracting tenants and maximising your returns. It’s also important to start small and grow over time. High cash flow projects may not be the starting point for everyone but if you start small and work your way up you can maximise potential growth!
In this week’s episode, Bob and Hilary talk about why you should be developing high cashflow residential projects. They explore the different types of projects that can provide a steady income stream and also highlight the importance of cash flow in property investments. Jump into this week’s episode and discover the strategies that can help boost your income!
Episode Highlights:
- Bob’s tip of the week [01:23]
- What was the reason for this week’s podcast topic? [03:18]
- Is there a tipping point where someone may keep a project? [05:57]
- What would be the negative side of keeping properties? [08:25]
- Student accommodation [10:39]
- What is the difference between student accommodation and rooming houses? [12:29]
- Holiday accommodation [19:18]
- Using a duplex as an airbnb [22:55]
- Are there strict rules around rooming houses or student accommodation? [25:12]
- Developing motels [26:39]
- Breaking down the land lease vs the non land lease [29:43]
- What is the yield for a retirement village? [33:43]
- Reminders [44:33]
