podcast

The pitfalls of subdividing

The pitfalls of subdividing
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Sam Saggers - Positive Real Estate

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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 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
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
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