Property investments make people super-wealthy but this is not always the case. Sometimes these investments can go in vain and you have no choice but to survive a loss and rethink your investment strategy.
However, Eamon Lowe suggests that the profits are permanent if you become a part of the real estate industry as a property developer.
Let’s have a look at how becoming a property developer helps you cherish a good-paying job.
Savings
When you are a property developer, you are not going to pay the retail price for buying a property allowing you to save 15-20% on the market cost. Since you don’t have to pay development margin, agent commission, and government taxes involved in buying real estate.
Profits
The real profit comes when you pick the right time to sell your development projects. These can help you make way more profits than any investor selling their property at the same time.
Easier Finance
As soon as the development is complete, you can easily ask banks to re-mortgage the next project. Banks easily help you with 80% of the total retail price, unlike regular customers who can only lend once in most cases.
Make the best of your property development career by earning more than regular real estate investors.
