While Alice and Justin Hagen had no prior knowledge of property investment before their interests grew, they strived to make up for their lack of experience by thoroughly researching the best ways to invest and the step-by-step process to long term gains. Realising that subdivision was the best strategy for them, the couple took on their first project in 2006 and since then, has growth their investment portfolio to over $4.5 Million.
In this episode, find out how the Hagens have managed to use the subdivision strategy successfully in all their property investments while simultaneously, managing their own real estate business. The couple also share with us the best advice they’d ever received and how they plan on growing their portfolio.
In this episode, here’s what you’ll learn:
01:29
The Hagens explain why property investing is about taking risks and the importance of well thought out strategies and planning.
05:15
The couple shares some books they read that assisted them on their property journey as they recall purchasing their first property in 2006.
11:43
Struggling for approval from the council, the Hagens claim that the most draining element of subdivision development is the costs and the importance of cash flow.
14:36
They claim that the overall costs of everything has increased overtime, where researching your lot is key to a successful property.
18:20
The Hagens share their first subdivision project – gaining a large amount of profit – stating that using the buy and hold strategy during the early stages of your portfolio building, where selling was a for a reason not for quick gains.
21:07
They share their future plans in developing a long term development as they reflect on books they gain insight on when making decisions for their properties.
Show Notes and Credits:
Thanks a million for checking out this episode! Below are the websites and other tidbits that were mentioned in today’s podcast with Alice and Justin Hagen. If you have any questions, feel free to leave a comment below and I’ll respond right away!
Show Notes:
Calibre Real Estate
* Justin Hagen LinkedIn
* Alice Hagen LinkeIn
Good to Great by Jim Collins
Rich Dad Poor Dad by Robert Kiyosaki
Richest Man in Babylon
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Mentionable Quote
This episode was produced by Alex Cooper with narrations and interviews conducted by Tyrone Shum.