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 hilary@propertymastermind.com.au!
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Let’s get into the episode!
Episode Highlights:
● Welcome to the podcast! [00:00]
● 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 hilary@propertymastermind.com.au
● 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 hilary@propertymastermind.com.au
Connect with Hilary Saxton:
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It has been a pleasure! And we look forward to seeing you in the future episodes!
#PropertyMastermind #PropertyDevelopment #PropertyFeasibility
