Sandi Clifford – Reservoir, VIC

Property Development Graduate

Background

Sandra’s strategy for this particular deal will be to a develop 2-4 small townhouses selling some and holding some where possible.

There will be a 12 month settlement, during which time she will be undertaking planning permit application. Her aim then is to demolish and build 3 townhouses as soon as possible thereafter.

The Numbers

These costs include the purchase price, stamp duty, holdings, renovations and the relevant adjustments including the selling costs.

Expenses Cost
Purchase price (10% self fund & remaining money partner) $737,000
Total work (demolition, architect, drawing, landscaping, council etc) $1,002,386
Money partner $29,062
Total Cost $1,768,448
Total Net Profit $111,551

Sandra Top 3 Learnings from the property development deal:

  • To get out of my own head
  • To talk through options and solutions with coach, family, friends, colleagues & facebook group
  • The more I think about “what have I done?”, the less actually happens. Not to be over-confident – it makes me do impetuous things like buying at auction without having done sufficient due diligence, leading to the anxiety of “what have I done?”. Never let a day slip by without doing something to advance my progress as a property developer.

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