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Where Does Property Development Fit Into Your Property Portfolio? (Feat. Rob Flux)
Season 1 Episode 107
Looking for more ways to broaden your property portfolio?
Well, property development may just be what you need.
Today, we have a chat with Rob Flux, Founder of Property Developer Network and one of the go-to people who are incredibly knowledgeable about property development. We cover the benefits and risks of property development, who it’s for and how it ties into your portfolio.
We also talk about what you need to know before getting into property development…
Mistakes most people make getting started…
Living a minimum viable life…
And much, much more!
If you want to know how to achieve a life of freedom, choice and abundance, this episode should be on your watch (or listen) list!
Also, if you enjoy this episode, don’t forget to like, rate, comment, share, subscribe and tune in weekly for more talks on property, business, and life.
See you on the inside!
In this episode, we cover:
- A quick overview of Rob’s background in property [02:40]
- Negative gearing strategy vs. positive cash flow [04:05]
- Rob’s journey and how he got started in property development [06:42]
- What gave Rob the confidence to take on a big project as a first-timer? [09:55]
- One of the first things he learned during the process [11:30]
- About Property Developers Network (and the path to teaching others) [12:38]
- What people need to know before getting into property development [14:18]
- Does a project’s location matter more than feasibility? [15:47]
- The optimal time to get into the market for a development project [18:22]
- Rob’s profession before transitioning to property development [20:55]
- Why bother with property development? [21:49]
- Combining property development with property investment as a strategy [23:04]
- Should you focus on property investment, or development instead? [25:43]
- Can you have a day job and work in property development at the same time? [27:37]
- Achieving freedom & living a minimum viable life [29:04]
- A reasonable time frame from a standing start to ‘freedom’ through property development [34:13]
- How much do professional services cost? [37:39]
- The biggest mistake people make in property development [38:03]
- How to decide on your strategy [39:59]
- Rob’s end goal [42:03]
- Where to draw inspiration to keep going [43:15]
- Why Rob doesn’t aim for ‘billionaire’ status [45:01]
- A tidbit on low money-down deals [45:59]
Link/s from the episode:
- Visit Property Developer Network
- Join the Property Developer Network Facebook group
- Subscribe to Property Developer Network on Youtube
- Check out Published on 3 years, 11 months ago