Clarifying financial goals and assessing risk are crucial steps in the process of investing in property development. These steps help individuals determine what they want to achieve with their investments and understand the level of risk they are willing to take on.

When it comes to clarifying financial goals, individuals should ask themselves questions such as: What am I looking to achieve with my investments? Do I have short-term or long-term financial goals? Am I looking to generate passive income or build wealth over time? By answering these questions, individuals can establish clear objectives for their investments and create a roadmap for achieving their financial goals.

In this week’s episode, Hilary and Bob talk about what to do if you have money to invest but don’t know where to put it. They dive into the important considerations for investing in property development projects. They cover topics such as clarifying financial goals, assessing risk tolerance, and the significance of conducting due diligence before investing. So if you’re curious about joint ventures and creative strategies in property development you won’t want to miss this week’s episode! 

Episode Highlights:

• Have money to invest but don’t know where to put it?  [01:23 ]

• Upcoming Joint Ventures Workshop [03:36 ]

• Understanding Investment Goals and Objectives[05:02 ]  

• Joint Ventures and Profit Sharing  [06:25 ]  

• Types of Investment Structures and Returns  [09:35 ]

• Impact of Past Experiences on Risk Tolerance [14:01 ] 

• Importance of Asking the Right Questions [19:42 ]

• Tips for Creating Effective Information Memorandums  [24:34 ]

• Recap of Joint Ventures Workshop and Key Points [28:44 ]

• Listener Question: Estimating Costs for Underground Car [30:08 ]

• Types of Underground Parking and Costs [33:10 ]

• Advice for New Property Developers [36:56 ]

• Wrap-Up and Farewell [38:23 ]

If you would like to learn more about our upcoming Joint Ventures Workshop please click here https://www.propertymastermind.com.au/joint-ventures-workshop/

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