podcast

The pitfalls of subdividing

The pitfalls of subdividing
0

Sam Saggers - Positive Real Estate

{{youtube id="I05j4qgPqqs"}}

Subdivision's am awesome strategy for people looking to create equity and it's probably one of the tougher forms of recreation of equity in the market place. So finding a property where we can split the block, create a new title, and essentially create value by establishing that new title. So there's plenty of pitfalls when it comes to understanding how to do that, working with council, creating a new development application, connecting the power, creating driveways or egress and ingress into the property can be quite challenging at times. Subdivisions are a great way to to create some money in the marketplace but in average most investors would need an extra $100 000 to create the new title system across the country. So you need to be mindful. Do you have the right budget to get the job done?

 

Listen to other instalments of The Smart Property Investment Show:
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
Episode 63: Q&A session: the SPI team answers your questions
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%