EP 155: Using Residential Finance For Property Development

Property development is a lucrative business that can bring in substantial profits for those who are willing to take the risk and put in the work. However, many people often delay their property development opportunities due to misconceptions about financing options.

One of the main reasons why people delay property development opportunities is due to a lack of understanding about financing options. Many individuals believe that commercial finance is the only option for property development and are deterred by the perceived high interest rates associated with it. However residential finance can also be used for property development and can offer competitive interest rates that make it a viable option for financing projects.

In this week’s episode, Hilary and Bob talk about using residential finance for property development. They highlighted the importance of understanding the options available, such as commercial finance, and the potential pitfalls of relying solely on residential finance. Bob emphasized the significance of making informed decisions and taking action towards achieving goals, especially in the realm of property development. They also touched on the impact of interest rates and line fees in commercial loans, stressing the need for proper financial planning and advice. So join us in our latest episode and discover the secrets of using residential finance for property development!

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:

Using residential finance for development [02:27]

People’s misconceptions about property [04:22]

Property development financing insights [10:53]

Switching from investment to development [14:37]

Residential finance pros and cons [16:53]

Commercial loan interest capitalization [22:44]

The cost of doing nothing [25:34]

Making decisions in life [27:20]

Line fees in commercial finance [30:54]

EP 164: How To Pick The Right Builder Part – Two

In this week’s episode, Hilary and Bob continue to discuss how to pick the right builder for your property development. They dive into things to consider such as good communication, timeframes and more. So if you’re interested in property development but not sure where to start, you won’t want to miss this week’s episode!

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EP 163: How To Pick The Right Builder Part One

In this week’s episode Hilary and Bob discuss how to pick the right builder for your property development. They highlight key strategies and insights to help listeners make informed decisions when selecting a builder for their project. So if you’re struggling to find the perfect builder for your project, you won’t want to miss this week’s episode! Tune in and learn how to pick the right builder for your next project and avoid costly mistakes!

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EP 162: Why Effective Time Management Will Make or Break Your Property Development Profits

In this week’s episode Hilary and Bob discuss why effective time management will make or break your property development profits. They talk about starting with feasibility, assembling the right team and adaptability and flexibility. So join us in this week’s episode and find out how to sharpen your time management skill for successful property development projects!

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Kind Words From Our Students

Nuwan Fernando

"Now that's what you call accelerated learning!"

When we first met Bob, we had no capital to do our own projects nor much previous knowledge about property. With Bob’s teaching and guidance, we are now well into our first project in a no money down deal which was crafted from Bob’s amazing creative strategies playbook. We are now developing property for profit without ever having owned property prior to this. Now that’s what you call accelerated learning!

Alistaire Baker

"Thank you, Bob!"

I have enjoyed going through the content and in particular the bits about creative finance and structuring deals. Thank you, Bob!

M. Rigoni

"You can trust these guys"

You can trust these guys, they are professional, reliable, honest, knowledgeable, problem-solvers; who build a diversified range of quality products that deliver great returns.

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