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Due diligence is a crucial step in any property investment or development process. It involves thoroughly researching and analyzing all aspects of a potential investment to ensure that it is a sound and profitable opportunity. Before diving into property development it is extremely important to know the significance of due diligence and the consequences that can occur when it goes wrong.

There are several key points for thorough due diligence to avoid potential pitfalls and risks. This includes researching the property market, conducting property inspections, reviewing financial documents, and assessing potential risks and challenges. By taking the time to thoroughly investigate all aspects of a potential investment, investors can make informed decisions and mitigate potential risks.

In this week’s episode, Hilary and Bob talk about when due diligence goes wrong. They share case studies where due diligence went wrong and unpack the importance of thorough due diligence in property development. So join us in this week’s episode where you will learn from the most experienced property developer, helping you avoid costly mistakes! 

Resources: 

To learn more about our Joint Ventures Workshop we have coming up, please click here: https://www.propertymastermind.com.au/joint-ventures-workshop/

Or to speak with us directly, click here: https://www.propertymastermind.com.au/schedule-an-appointment/

Episode Highlights:

• Explanation of Due Diligence  [05:03]

• Case Study: Mining Subsidence[07:00]

• Case Study: Real Estate Agent and Flooding [10:55]  

• Importance of Checking Zoning [15:02]  

• Case Study: Stormwater Issues in Large Developments  [21:02]

• Case Study: Competitor’s Due Diligence Failure [25:29] 

• Lessons from Due Diligence Case Studies [27:06]

• Importance of Feasibility for Financing [31:14]

• Conclusion and Final Thoughts on Due Diligence [33:03]

• Final thoughts 

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.

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”. 

More Resources:

• To contact us about our investment opportunity, please email admin@propertymastermind.com.au or phone 1300 729 550
• If you’re interested in winning a free copy of the book “Secrets of Property Millionaires Exposed”, go ahead and leave a comment or send me an email. We’d love to hear from you!
• If you liked this episode, or have any comments and/or suggestions on how we can make this better, don’t hesitate to send us an email. For questions/things you’d like us to cover and discuss in this podcast, again, you can send an email at hilary@propertymastermind.com.au
• If you’re interested in receiving a free copy of the book “Secrets of Property Millionaires Exposed”, send an email to hilary@propertymastermind.com.au! 
• Or Subscribe and give us some great feedback on YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA

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/

It has been a pleasure and we look forward to seeing you in the future episodes!