Investing in property development can be a lucrative endeavor for those who have the desire and drive to get ahead in life. While it may not be suitable for everyone, individuals who are willing to take risks, learn, and take action can benefit greatly from investing in property development projects.
One of the main reasons people choose to invest in other people’s projects is because they may not have the time or knowledge to undertake a property development themselves. In some cases, individuals may have the necessary funds and expertise but are too busy with their existing businesses or commitments. In such situations, joint ventures with other individuals who have the time and knowledge can be a beneficial arrangement. This allows both parties to contribute their strengths and resources to the project, increasing the chances of success.
In this week’s episode, Bob and Hilary discuss Investing Insights: The Art Of Backing Other People’s Property Developments. They explore the reasons why someone would want to invest in someone else’s project, such as getting a good return on their money and not having the time or knowledge to do the development themselves. So if you’re curious about how to invest in property development without all the risk, you won’t want to miss this week’s episode!
Episode Highlights:
- Investing Insights: The Art of Backing Other People’s Property Developments [00:52]
- Bob’s tip of the week [01:22]
- Upcoming workshop [0:49]
- Why would someone want to invest in someone else’s development? [02:54]
- May not have enough money to invest [06:31]
- Clarity is key [09:10]
- What are critical questions an investor should ask? [09:42]
- What about gut feelings? [14:40]
- Who would you take advice to to help make a decision? [17:27]
- What other points should people look into? [28:33]
- Different states have different rules [32:30]
- How much money do you need to be an investor? [34:14]
- What would happen if there was an unhappy investor? [37:24]
- What if you have a chunk of money but don’t know where to find opportunities? [38:36]
- Ebook available [40:24]
DOWNLOADS AND RESOURCES:
Workshop Information: https://www.propertymastermind.com.au/3-day-live-workshop/
Armchair Developer Secrets eBook: https://www.propertymastermind.com.au/property-mastermind-resources/
