What do you need to know about property development costs? Australia’s Billion Dollar Property Developer, Bob Andersen, discusses.
Bob Andersen back again talking about your favourite subject and mine, property development.
Have you ever heard the saying, “Show me the numbers” or perhaps another one, “The numbers don’t lie”? That’s quite true in property development. In fact, when you boil them all down, it’s really all about the numbers.
What do you need to know about profitable property development? Australia’s Billion Dollar Property Developer, Bob Andersen, shares his expert tips.
What are the steps you need to undertake for a profitable property development?
With property development, proper sequence is important. However, not all property developments follow exactly the same sequence. In some instances, particularly with small sites, you might have to settle the purchase first then obtain a development approval. Also in some cases, the financier might require some presales prior to advancing the construction phase of the loan.
What property development skills do you need? Australia’s Billion Dollar Property Developer, Bob Andersen, shares his expert tips.
Let’s take a look at the 2 core skills that you need in order to excel in the world of property development. It’s quite simple. A lot of us are actually utilising these skills in our daily lives. We use these at work, at home, wherever we go. And it’s no different in property development.
How would you like to master your property development market? Australia’s Billion Dollar Property Developer, Bob Andersen, shares his expert tips.
Hi everybody! Bob Andersen back again talking about property development.
One of the things I recommend you to do when you’re getting out there is getting to know your property development market. It’s so important to understand the market when you’re developing. One of the best things you can do is to go to any open townhouse or an open apartment – whatever it is. It’s when you go to a finished project, it’s on the market and the agent has opened it up for inspection, that’s where you want to go.
There are a lot of wealth creation strategies through property out there. But why property development? Australia’s Billion Dollar Property Developer, Bob Andersen, explains.
In the first installment of the Australian Property Development Series, I’ve given you an overview about what property development is and clarified some misconceptions you may have about it. In this installment, I’m going to take you through the reasons people want to get involved in property development.
The one thing that holds of all these reasons together is flexibility. There’s so much flexibility in property development and you’ll find out about it below.
How do you profit from property development, what costs are involved, & why should you follow Bob Andersen’s footsteps?
Hi! Bob Andersen back again. In this episode, I’m going to take you through the really exciting stuff. It’s the numbers. At the end of the day, nothing else matters but the numbers.
So we’ve been talking about the four townhouse project. Obviously, there are lots of little costs involved in any property development project. But I’ll just take you through what I call the “major hittings”.
So the sale price of the four townhouses came in at $2,763,000. Before the property was developed, it had a three-bedroom townhouse that sold in the high 600s and a couple of four-bedroom townhouses that sold in the lowest 700s. Of course, we have to take the cost off that to work out our profit.