Ep. 167 – Is It Worth Buying A Site with A Development Approval?

In this week’s episode, Hilary and Bob discuss whether it is worth buying a site with a development approval. They focus on what to look for when a DA has already been lodged and share insights into the intricacies of site acquisition and the importance of understanding existing approvals. So if you are considering purchasing a property with a DA, this episode is worth a listen.

Episode Highlights:

Bob’s tip of the week [00:53]
Importance of Knowing What You’re Buying [02:33]
Benefits of Buying Sites with DAs [03:02]
Personal Experience with Development Syndicates [04:34]
Example of a Poorly Designed DA [06:31]
Detailed Analysis of a Bad DA Design [07:00]
Inexperienced Landowners and Architects [11:02]
Potential Motivations for Getting a DA [12:02]
Consequences of Bad DA Designs [12:42]
Example of a Failed DA Project [13:56]
Due Diligence When Purchasing DA Sites [18:46]
Importance of Reviewing Plans and Conditions [19:26]
Construction Cost Considerations [21:02]
Common Issues with DA Sites [23:13]
Example of a Successful DA Purchase [26:14]
Potential Pitfalls of Over-Designing [30:36]
Example of a Site Worth Less with a DA [33:21]
Workshop Reminder & conclusion [35:03]

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.

Listen to the 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/

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!

LISTEN TO EPISODE

Ep. 174 – How Much Money Can You Realistically Make In Property Development

In this week’s episode, Hilary and Bob dive into the question: how much money can you realistically make in property development. They discuss various types of projects, the impact of location, and the importance of understanding profit margins. They also highlight the differences between duplexes, townhouses, and larger developments, as well as strategies for maximising profits through effective financing and investment approaches.

LISTEN TO EPISODE

Ep. 173: From the NRL To Property Developer (with Gary Martine)

In this week’s episode, Hilary and Bob talk with a previous mentoring student Gary Martine. Gary shared insights from his diverse journey and emphasised the importance of relationships in achieving success. Also highlighting how these connections have played a crucial role in both Bob and Gary’s life.

LISTEN TO EPISODE

Kind Words From Our Students

Michael Carbone

"WOW"

WOW! Your work has been extremely impressive.

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!

Robyn Wawn

"From Bob’s training, I learned there is more than one way to skin the property development cat."

From Bob’s training, I learned there is more than one way to skin the property development cat. I purchased my property with no money and leveraged off creative ways to finance its development and to take it in stages to reach its full potential. I am also team-building with the right professionals to delegate to who provide value for money to get the project underway and stay on track.

AS SEEN IN