Chop It Up and Cash In! Subdivisions
Learn how with Mark Rolton One of Australia's Most Innovative Real Estate Minds
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To conduct a small subdivision is not just profitable, but very educational as well. This is the perfect entry point for an investor to become a Developer. By hunting for deals that involve a small subdivision you'll be overwhelmed with opportunities. The most intelligent way to go about it is set a plan to isolate deals with a land area no greater than 6000m2.
This way, depending where you've located the deal, it will yield no more than 10 blocks/lots. It keeps the deal very profitable, but also manageable. Use the advanced reports' section of RP Data to locate properties from 2000m2 to 6000m2 and target them with the view to an Option. With the option in place, set the task of appointing a Town Planner that will execute the Development Application. In short, this key person will be responsible for the application itself along with all the necessary information generated by the appropriate consultants.
For a small subdivision you'll need the following consultants:
Civil Engineer
Architect
Hydraulic Engineer
Surveyor
Traffic Consultant
With the support of a strong Town Planner, your involvement should be minimal throughout the Approval period. Generally, I will attend the first round-table meeting where all consultants meet in order that they can get a feeling for the project and what is involved. It's also a fantastic way of airing' parts of major concern and formulating solutions from the beginning.
Once the approval is granted, the property increases considerably in value. My experience has always been to target older areas that have a larger land component.
I typically want to option property with a large block and an old existing home. This way the seller can maintain the residence whilst we obtain the approval and we can also sell the original house on a smaller block in the new estate. If necessary, even renovate the old house so that it's in line with the new estate.
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Mark Rolton is a brilliant real estate mind and visionary in the property industry. Mark has used his skills to make millions of dollars in real estate and would love to teach you these lucrative strategies at his Real Estate University 3 Day Live Events, in the hope that you will do the same. Join other passionate property investors in an atmosphere of fun and cutting edge learning that will blow your mind. No one else in Australia knows as much as Mark about creating cashflow using Real Estate.
Find out more at Property Options now.
Chop It Up and Cash In! Subdivisions
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