Shaz takes us through a development he is currently working on and explains the factors that need to be thought about when you are looking to purchase land and how having planning in place can potentially affect the outcome.

This is a great overview of the really crucial elements that must be thought about when you are buying land, get it right and the returns are definitely worth it.

 

KEY TAKEAWAYS

• Location determines everything and can help you to determine what the likely sales proceeds are per square foot
• The location plays a role in the outcome you will get and the amount of money you will need to spend
• Know who your customer is to make sure there is the demand or the property you are building
• Work on a minimum 20% return
• It can be easier if you purchase land with outline planning in place
• You can apply for a pre-application so you know if you will get planning
• With a scheme, you will need to consider the social housing required
• The planning process should take approximately 6 months
• If you keep the property as an appreciating asset, the rent provides a monthly income.

 

BEST MOMENTS

‘The location can help you to determine what the likely sales proceeds are per square foot

‘If we sell the land with full planning we will have doubled our money, If we build it on we will quadruple our investment’

‘I prefer to refinance and pull my money out but keep the properties’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

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•   YouTube.