Ep 23: The Dangers of Property Developing in Cheaper Areas - with Bob Andersen

This Friday is our Live/Online Property Development workshop. November 12,13,14   2021: https://www.propertymastermind.com.au/property-development-workshop/ If you’re interested in receiving a free copy of the book “Secrets of Property Millionaires Exposed”, send an email to [email protected]! Or Subscribe and give us some great feedback on YouTube.  https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA   Property developing in cheaper areas may sound like the best way to extend your budget, but it’s actually far more dangerous! Discover what makes buying in these areas a huge risk as Bob Andersen and I talk about Fixed and variable costs,  If people can actually develop property in cheaper areas (and how they try to do so)  And the mistake of developing something just because it’s cheap. Avoid making the costly decision of buying cheap by tuning in! See you on the inside!   Episode Highlights: Why is it really dangerous to develop in cheap areas? [02:24]   Consider fixed development costs when buying in cheap areas [04:13] Land is the only variable cost [07:50] How do people develop in cheap areas (and can they really)? [09:11] Building “a block of land” versus a townhouse [14:07] The problem with buying property because it’s cheap [15:35] Run your numbers properly [23:16]   Resources: 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! Every week, Hilary is inclined to give away a free coaching session. Feel free to send her an email at [email protected] 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 [email protected]   Connect with Hilary Saxton: 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/hilarysaxtonproperty/ LinkedIn: https://www.linkedin.com/in/hilary-saxton/ 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!See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.