Join Rob as he caught up with Adam Bahrami recently to record another episode of our 'Real Deal In The Field', this time visiting another one of Adam's Subdivision deals.
As a Sydney based Builder and prior student, Adam has made it his specialty to work with the local community to bring these cookie-cutter styled deals to market. His bread-and-butter is working with land owners to achieve WIN-WIN scenarios and this deal was no different!
This project included a 1 into 3 lot Subdivision with a dual occupancy build on each lot.
The initial acquisition was via a Joint Venture with the land owner, but shortly after Adam successfully renegotiated to buy the site from the Owner as they were now ready to sell.
A HUGE twist in this one though….
RMS (Main Roads) changed their mind part way through the initial stages of the project, and demanded a change to the Stormwater plan, adding significant additional costs to their feaso. Eeek!
But, as a no-money-down deal initially and a 25% return as the outcome, this is another great deal to add to Adam's list of achievements.
Adam's tips if you're just starting out…integrate yourself into the local community, and become a fully-fledged 'Area Expert' so you too can achieve amazing outcomes dealing directly with property owners.
If you'd like to feature in one of our next 'Real Deals In The Field' simply send us a PM and we can get you involved too!
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