Dominique is a solicitor, property educator and property developer who has bought, sold or held more than $50 million in real estate and is uniquely qualified to talk about property success.
In addition to these impressive qualifications, Dominique is a celebrated author of three wealth creation books, an ASIC Licensed Credit Holder qualifying her to work with financial institutions on debt recovery and a licensed real estate agent with a unique insight into the property industry.
Builders need regular projects to generate cash flow and keep their workers employed. That’s why they will pay a premium for ‘ready-to-build’ sites.
This opens the door for you to buy property, get development approval by following my simple system, and then sell it to builders for a tidy profit.
The potential profits from this DA Uplift strategy are excellent. You can earn as much as $500k (or more) by choosing the right site. You can also acquire the property with minimal outlay using creative instruments such as options and leasing.
When you subdivide one property into many you can add significant value in the process. In fact, my clients have made as much as $100k (or more) from simple and fast subdivisions.
You then have the option to hold the lots and wait for more uplift, build on the vacant lots and/or sell one of the properties to pay down your debt and increase your equity and rental yields.
Subdivisions are easy and relatively low risk once you know the process. But you must understand how to find suitable properties.
Residential unit development is another lower-risk small development strategy.
It is perfect for first-time or ‘mum and dad’ investors because it has a potentially lower financial requirement compared to commercial, industrial or retail development. But you can still make a healthy profit by following the right strategies. For example, one of my students is set to earn $1.2 million profit from a residential development deal.
Many residential unit developers sell some of their units after completion to pay down their debt, effectively allowing them to own the remaining units outright. You can repeat this process to acquire several millions in property and hundreds of thousands in positive cashflow to effectively retire on.
Using what we learnt, we bought a block of land under market value in a high growth area and are looking to do a sub-division and two houses… We hired a builder to obtain the DAs and manage the project on our behalf. We’re half way through the development now with a projected profit of $400,000. We’re already looking for our next property.
Alanah and Rob, New South Wales
I did Dominique’s course in 2014. I now have 5 projects on the go totaling around $1.8 million. Some are with money partners, others I am doing myself… I think property development is the easiest investment to do. You just find the deal and get other people to do the work, then phone in once a week to get updates… we are looking at roughly $700,000 in returns.