If you are looking at different development options to add to your portfolio, you might be considering a purchasing dual occupancy house and land package. While this option will work, it’s not the best investment strategy.
Colin Fragar, our founder and CEO, shares how you can maximise your investment by creating your own dual occupancy house and land package.
Click on the “Play” button below to watch now:
Or for those that prefer to read, here is a transcript of the video…
Don’t fall into the trap of purchasing somebody else’s dual occupancy house and land package when you can create your own.
My name is Colin Fragar from the Council Approval Group. And every day of the week, we help people to create dual occupancy house and land packages of their own.
Don’t Pay Retail for a Dual Occupancy House and Land Package
Now what do I mean? Many novice investors will fall into the trap of simply buying retail rather than wholesale.
If you purchase a house and land package or dual occupancy house and land package, you’re genuinely paying a premium because there is a builder’s margin in there for doing the development.
They will literally find the site for you. They’ll probably get it developed and get the approval. They will manage all the consultants and do everything for you, but they’ll charge a premium for that.
So look at that compared to the profit that you would make if you were to find your own site, or help us to find your own site, and then you get your own council approval. The advantage is you can then tender it out to any of thousands of builders. Instead of being tied into the project homebuilder, which you buy it off and you really don’t have full disclosure of all of the costs, you will be effectively the developer and paying wholesale.
I’ve done many of these myself, 10 plus. I highly recommend that, if you haven’t already, grab a copy of Your Ultimate Guide to Achieving Council Approval.
Talk to the Experts
If you are in the market for purchasing a dual occupancy house and land package, then I also recommend that you talk to one of our consultants at the Council Approval Group. We can go through what your needs are and what you’re trying to achieve. Then we can help to establish a roadmap going forward.
So, my best advice for you and for your loved ones is that you’re on the right track. A dual occupancy will add massive value to you and your family’s life in terms of, not only cash flow, but also extra lifestyle and maybe creating extra equity.
But if you really want to maximize the return that you get still without much more effort, and we will guide you through every step of the way, is to do it yourself. Become the developer and use Council Approval Group.
My name is Colin Fragar and thanks for tuning in. I look forward to talking to you next time.