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They Thought This Deal Would Make Money⎟Ep. 2472
Episode 2472
Published 1 month, 2 weeks ago
Description
Property development looks simple on paper: Buy a site. Build a few townhouses. Make a profit. But once you run the numbers, the reality can look very different.I
n this episode, Ed and Andrew break down the real cost of developing property in New Zealand.
You'll learn:
- What you must calculate before buying a development site
- How a development can lose more than $400k despite looking profitable at first
- The 4 costs first-time developers usually forget to include
The surprising part? The biggest mistake isn't overpaying for the land. It's getting excited about the potential profit before you've worked through the numbers.
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