The Ins And Outs Of Small Development

In this episode I have Ryan Goodwin of Mode Development who will share his expertise on small development areas. We talked about how renovators can subdivide lands, increase a property's equity, and he will share the advantages of having good people during these projects. Ryan will also share his knowledge about GST and how to build that strong foundation in renovating for profit. 

Highlights: 

[00:01:01] Turning one into two 
[00:03:08] Understanding the property 
[00:04:41] Having right conversations with the right people 
[00:05:20] What's your strategy?
[00:06:07] The recap 
[00:07:02] Too many risks for new players 
[00:08:39] The good and bad side 
[00:09:35] A journey is a feasibility 
[00:10:54] Know what the market wants
[00:12:01] Moving through the journey of development 
[00:14:11] The contingency plans for a newborn renovator 
[00:15:12] Development contingency 
[00:17:27] The types of people renovators engage for the project 
[00:18:28] The project with interesting incident 
[00:20:03] Knowing what questions to ask 
[00:21:52] Building a team is critical 
[00:23:34] Do your due diligence and research
[00:24:50] Terms of cost in creating a new block 
[00:26:33] The convenience and costs
[00:27:38] The wealth creation vehicle
[00:28:38] Understanding the nuances in the tax law 
[00:30:11] The moral of the story 
[00:31:51] The turn-key and non turn-key policy 
[00:33:19] One word is preparation

RESOURCES:

Mode Development 

https://www.moderenovations.com.au

The School Of Renovating

https://www.theschoolofrenovating.com/

She Renovates Podcast

https://www.theschoolofrenovating.com/podcast

She Renovates Facebook Group 

https://www.facebook.com/groups/sherenovates

Where to reach Ryan Goodwin:

0409 229 040

1300 353 112

Mode Renovations

[email protected]

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