EP: 2472
They Thought This Deal Would Make Money⎟Ep. 2472
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.
In 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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