Ep 258 - How Tom Increased His Development Margin By 240%

In this episode Hilary sits down with Property Mastermind mentoring student Tom Evans, founder of Alva Property Group, to unpack the development that changed everything for him. Tom found a six-acre site about an hour from Newcastle that most people would have walked straight past. Spotting a 10% lot-size relaxation buried in the council's planning rules, he turned a one-into-two subdivision into a one-into-three, renovated the tired existing house (the render alone added around $125,000 in value), and sold the lots far faster than anyone expected. The result: a project forecast at a 34% return that finished at 41%, and a profit of $612,000, all while holding down a full-time job! Along the way Tom and Hilary cover the finance that made it possible, the 17 objections from neighbours, the council "sign saga", and why the mentoring made the difference. As Bob would say: you never go broke making money. Tune in and enjoy! To join the 5 Day Challenge, click here: https://www.facebook.com/groups/5daypropertydevelopmentchallenge Connect with us: 👉 To get in touch with us, email [email protected]👉 Property Developer Secrets & Hacks on Facebook - https://bit.ly/4fb7JoI 👉 Facebook Page - https://bit.ly/3Zj2ygp 👉 Instagram - https://bit.ly/4f1OHky 🏠🏠🏠See omnystudio.com/listener for privacy information.