Pizza and Property Ep 127 Building Costs Explode! How do the pros keep profiting? With Rob Flux
During the pandemic the entire country experienced construction material supply shortages. These shortages inevitably lead to higher costs when demand for new builds didn't slow down, it actually increased.
Mix this together with the increased demand on tradies and their hourly rate increasing and you've got a great recipe to lose all your profits as a renovator or developer.
So how does a pro continue to develop and profitably put deals together in a market filled with uncertainty and rising costs?
To answer this we have professional developer and part time rugby super star Rob Flux on the show.
Rob is going to walk us through all the ins and outs on:
- How he's managing risk in this uncertain time
- What to do if you think your builder might be about to go bankrupt?
- Other ways to still profit from property development without building
All that and more. If you want to chat in more detail with Rob check out his site linked below:
http://developernetwork.com.au/property-development-formula
Join Todd Sloan each week, to pick the brains of a different industry leader to bring you the best property content in the country.
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