Mitchell Meier - Buying Off The Plan: Is It Really A Smart Investment? How Do You Undertake Due Diligence For An Off-The-Plan Purchase?

Is it possible to minimise the risks associated with buying off the plan and make it a profitable investment? Welcome to the Australian Property Investment Podcast. In each episode, we ask a guest expert to share their key insights for aspiring investors to make confident property choices.In this week's episode, Mitchell Meier, Sales and Operations Manager at Boston Projects, debunks some common myths people have when buying off-the-plan properties.He also shares his insights about how to pick qualified and experienced developers, how off-the-plans were being sold, how to sort the good potential projects from the bad, smart questions you should ask before engaging in a project, and more. Time Stamps:00:00 - Intro01:38 - Mitchell's 3Ps (Personal, Professional and Property Journey)04:01 - Why Off-the-Plan Properties Got Bad Reputations 06:39 - Valuations Of Off-the-Plan Properties07:57 - Navigating the Financing Side of Things09:54 - Mitchell's Insights on How Off-the-Plans Were Sold12:02 - Sorting the Good, the Great and Ugly Product13:41 - Building Commissioner in New South Wales17:37 - Smart Questions Potential Buyer Should Ask19:31 - Community-Focused Property Projects 23:26 - How to Pick Great Developers 25:02 - Final Messages25:51 - OutroAbout Our Host:Aaron-Christie David is the founder of Atelier Wealth and a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear – supporting property investors make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years. With over 10 years in financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.Connect with Aaron:Visit the website: https://atelierwealth.com.au/ Follow Aaron on Facebook: https://www.facebook.com/aaronchristiedavid  Follow Aaron on LinkedIn: https://www.linkedin.com/in/aaron-christie-david-a7482a21/ Subscribe to Atelier Wealth’s YouTube Channel: https://www.youtube.com/channel/UCKdm2ssEHel1kyQLAHGvNPQConnect with Mitchell: Follow Mitchell on LinkedIn: https://www.linkedin.com/in/mitchell-meier-44980b108/ Visit Boston Projects’ website: https://www.bostonprojects.com.au/ Follow  Boston Projects on Facebook: https://www.facebook.com/bostonprojects/ Follow  Boston Projects on LinkedIn: https://www.linkedin.com/company/bostonprojectsaustralia Follow  Boston Projects on Instagram: https://www.instagram.com/Bostonprojects/ About Aaron:Aaron-Christie David founded Atelier Wealth, a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear – supporting property investors to make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years.With over 10 years of financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.Connect with Aaron:Visit the website: https://atelierwealth.com.au/   Follow the Australian Investment Property Podcast’s Official Instagram account: https://www.instagram.com/aupropertyinvestmentpodcast/Follow Aaron on Facebook: https://www.facebook.com/aaronchristiedavidFollow Aaron on LinkedIn:  https://www.linkedin.com/in/aaronchristiedavid/Subscribe to Atelier Wealth’s YouTube Channel: https://www.youtube.com/@atelierwealth_au