Latest / Property Mastermind Podcast with Bob Andersen & Hilary Saxton
Ep 241 - The Feasibility Lies Developers Tell Themselves
Are you accidentally lying to yourself to make a property deal look good on paper? It is the most common, and most expensive, mistake new developers make.
In this episode of the Property Mastermind Podcast, Hilary Sacks and Bob Anderson dissect the "lies" developers tell themselves when running a feasibility study. From assuming you can negotiate a builder's quote down by $250k, to inflating future sale prices just to make the numbers stack, Bob explains why emotion is your worst enemy in development. They discuss the difference between a project being "profitable" versus "viable," why…
The skinny
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