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In this interview you will discover:
-
Different types of property development and which type is the best for you
- The biggest mistakes made by first-time property developers and how to avoid them
- How becoming a property developer can save you thousands in fees and taxes
- How to build your property development portfolio in just a few hours a day
- The
Mindset of a successful property developer as compared to a hobbyist property investor
Transcript (extract only - get the full transcript at http://www.westloh.com )
West:
Welcome, folks, to today's interview. And today, I'm very privileged to have with us Mr.
Bob Andersen. Now Bob has been involved in property development for a very long time, over thirty years. And he's in a conglomerate of people who control over $1 billion worth of property. And that's a super, super impressive stat.
What's more impressive is Bob not only has a personal portfolio but he's also doing it day to day and he's also teaching people how to do it. So we're very lucky to have Bob with us today.
And I want to welcome you to today's interview, Bob.
Bob:
Thanks, West.
Great to be here.
West:
Absolutely. Now tell us, Bob, when you speak to people and they ask you what it is that you do—because I know you've got such a range of skill set—what is it essentially that people need to know about you?
Bob: Well West, primarily, I'm in the property investment, property development area. But ultimately, what I do is I use property development more as a vehicle for getting property investment at cost price whether it's for myself or for investor clients.
Property development is really a vehicle to accumulate the asset class of property, primarily residential property. So yup, I'm a developer but there's a reason for being a developer.
So what do I do? I'm a developer and I'm an investor and my clients are all investors.
West: So a lot of people who are kind of thinking of getting into development but maybe they've only done a couple of residential or maybe they haven't done any property and they're looking at getting into something on a small level, is that something that you help people primarily and teach people how to do as well?
Bob:
Yeah. I heard Mal saying, "Never pay retail." So myself, that's part of the reason I got involved in property development, really. It was a vehicle for getting property investments at a—well, not wholesale price—but absolute cost price.
So people, sometimes they haven't done a development at all and they're investors with one or two investments of their own and they see that potentially property development could be a great way of accumulating property investments fast and at cost. So with those people, I have a whole property development education program for those people who want to make the next step up from property investor to just more property developer.
(end extract)
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- published: 17 Apr 2011
- views: 21852