One of the biggest issues that property investors face in Adelaide is not making money from a 2 site development. But don’t despair our Speaker this month will offer to find and manage a 2 site development near Sydney which is still affordable and easily financed.
Developing a site into 2 can be quick, affordable and easy but is rarely profitable in Adelaide. In addition property prices in the other major capital cities have skyrocketed in the last 2 years and many investors and upcoming developers are finding themselves priced out of the market.
At the same time, some investors and developers seem to be able to find deals, or put projects together that are sustainable, affordable, and make great profits. So how do they do it?
The secret is finding affordable-to-buy properties in good locations that are within reach of the investor, and then using the right strategies to add good value, quickly, and profiting from the deal.
And this month, we talk to a property investor who has found a way to successfully and repeatedly do affordable investments and developments around Sydney and in nearby regions. And she is going to cover where you can find great deals, and some of the strategies for affordable investing, ranging from small deals to bigger ones – ideal for beginners through to the more advanced investors.
About this month’s speaker – Joanne Hands
After 10 years of working and living between London, Paris, Monte Carlo, Tokyo and New York Joanne returned to Australia to pursue her passion in property. After much research she bought her first property that was due for rezoning for $210,000 sold it a year later for $320,000 – a $110,000 profit realised from very thorough research, attention to detail and minimal cash outlay.
Recognising she wanted to continue to create equity she moved onto renovation. Joanne was asked if she would source and renovate a property that was to create $50,000 within 8 weeks. At this time she owned a successful business on the northern beaches but was ready for a change so took the project on. Being unafraid to get her hands dirty or her boots muddy, she was involved in many aspects of this renovation. This taught her a lot about project management, timing and how to work a power tool but most importantly revealed that her greatest joy is to help others achieve their goals.
Over the past 8 years working as a project manager she has managed 21 granny flat constructions and been involved in various aspects for over 47 duplex projects. This includes site analysis and research, working with architects for the highest and best use of the space, and working with town planners for a smooth DA assessment and overseeing of construction. Joanne also has experience with several outside-the-box strategies, including house relocation, renovation and flipping, options and creative finance to name a few.
She is presently project managing 12 duplex projects, 1 granny flat construction as well as building a stone home on a rural block of land and building a house, granny flat and pool that needs to be wheelchair accessible.
What we will cover in this meeting
- Tips and tricks to cut a house in half, pop it on the back of a truck, relocate and renovate
- Why managing a large team on a tight time schedule is vital to your success, and how to achieve it
- What you absolutely need to know to avoid traps when purchasing land for development
- How to do a profitable, affordable, duplex development
- A case study for a small duplex development, with total costs under $530,000 creating $90,000 profit
- A case study for an up-market duplex, with total costs $750,000 creating $220,000 profit
- Plus more
So – be sure to come and meet Joanne, as well as networking with other successful investors who are investing in the current property market today – Don’t Miss This Meeting!
Remember, you are always welcome to bring along friends or relatives who are interested in property investing – it is all about networking with like-minded people!