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.