Perth Property Insider Ep. 22: Finding Subdividable Properties that Stack Up - Part 2 with Jay Sidhu

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Resources:

Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)
Find out more about Vision Surveys Consulting (https://visionsc.com.au/)
Link to the Land + Form Development Masterclass (https://www.eventbrite.com.au/e/land-form-development-masterclass-tickets-149079870907)
You can also sign up for their waiting list (https://mailchi.mp/visionsc.com.au/landform)

Let’s continue our discussion on finding a subdividable property that stacks up.

For those who haven’t listened to Part 1 yet, I suggest you get into it first so that you’ll learn all the steps you need to take to avoid mistakes when starting your search.

In Part 2 of my interview with repeat guest, Jay Sidhu from Vision Surveys Consulting, we’ll be going into the details of preparing an overall feasibility study. As an investor, you’d want to look at the costs and potential profit margins. Likewise, you’d need to decide whether this supports your strategy now or would it be better to develop the property later.

On top of that, Jay and I reveal some variations you can potentially do and how you can unlock hidden potentials.

Jump into this second part of our extensive discussion by tuning in now.

Episode Highlights:

Chasing money isn’t the answer [02:16]
Don’t neglect time with family until it’s too late [04:45]
You can’t measure fulfillment by one metric alone [07:15]
Plan a life of fulfillment by asking yourself some questions [08:45]
The 6 human needs we need to fill [12:44]
My own journey to fulfillment [15:06]
What we think will make us happy actually won’t [18:50]
Shifting from chasing money to helping others [19:29]
When you give to the world, the world gives back more [20:40]

About Our Host:

Managing Director and Licensee at Investor’s Edge Real Estate for more than 12 years, Jarrad Mahon is a household name in the real estate industry. Having received 16 awards over the last six years, he is your go-to guy in property management and investment strategies. He has been featured in multiple media outlets and is continuing to make great strides in the world of real estate investing.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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Episode Highlights:

Things you should consider when putting up power and water utilities [01:14]
- Your lock boundary could affect your loan [04:33]
Visual inspections of slopes, trees, and fences 05:38]
Ballpark costs for building a subdivision [06:58]
Think what the end product is going to be [10:46]
Check for survey strata and restrictive covenants on titles [13:33]
Difference between creating a strata development vs green title [16:34]
Profit benchmarks [20:03]
The overall strategy for getting the profit you want [21:57]
- Review all your contracts [23:56]
Changes can hinder subdividing [25:06]
Even small variations can risk your subdivision not pushing through [26:46]

About Our Guest:

Jay Sidhu has been working in the surveying industry since 2009 before stepping into his Director role at Vision Surveys Consulting in 2019. His breadth of experience and insight helped him gain an advantage over other consultants in the area. Currently, he is a candidate for MBA with the Curtin Graduate Business School at Perth, WA.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.