Ep 34: How to Do a Property Development Feasibility - with Bob Andersen

More often than not, people fail to do a good property development feasibility due to many factors, but it’s a fact that feasibility is incredibly important for your project to be successful & profitable. You see, developing property without making sure the end goal is attainable is like setting up a building on quicksand! If you’d like to avoid making the wrong decisions and develop a property that is achievable and profitable, this is the episode for you! From feasibility calculators, prioritising the numbers, and the biggest mistakes people make when doing a feasibility, we cover all that and more!  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 Let’s get into the episode!   Episode Highlights: What is a financial feasibility analysis? [02:21] The ease of having feasibility calculators [03:22] Banks want to see numbers that stack up (with or without calculators) [06:06] Available feasibility calculators [08:10] Always be wary of where a feasibility came from [11:20]  The biggest mistake people make when doing a feasibility [13:09] Possible flaws other calculators may have [16:59] Do the numbers right and leave emotion out of it [18:54] Always do your own feasibility & double check figures! [19:52] What numbers matter the most in a feasibility? [25:09] Property goes up longer than it goes down [30:05] 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.