7 Things to Look For When Choosing a Developer to Purchase From | Ep. 158

In this episode, we discuss 7 things you can look for when choosing to purchase an investment property from a developer. 

It's increasingly popular for investors to add new properties to their portfolio. You can do this either by using a property coach, or through a property developer. Here are the 7 things to look for if you decide to do it yourself:

• If they are in a secure financial position so they don't fall over throughout the project


• What their quality of finish of their previous builds are like, and if they are consistent with the plans


• Whether they are good to deal with and are likely to come to the party if a disagreement occurs


• Whether their building design is diverse. You don't want them to flood the market


• Whether their builds finish on time, so you aren't lumped with higher interest costs if using a progressive payments model


• Whether their company has been in business for a while, and


• If their company has a good reputation 

We also mention the property investor quiz. This 7-question quiz can give you a yes, no or maybe answer about whether you're in a position to invest in property. It will also generate a full report about what your numbers mean.