In this week's episode of the First Brick Property Podcast we are joined by Power Loans' Director Fadi Fershi.
We discussed 9 reasons why you should never buy off the plan! The $500,000 Mistakes you can avoid making too!
This week's episode is our first Visually recorded Episode too!
Let's dive straight in!
4:00 – What is Off the plan property
6:30 – Reasons people buy Off the plan
8:00 – The Difference between House + Land Package and Off the Plan
11:30 – Reason 1 Why not to buy off the plan – Overpaying
13:00 – Reason 2 (THIS IS A HUGE ONE)
21:00 – This STAT will BLOW YOUR MIND. If you listen to nothing else but this, you have done yourself a great service.
23:00 – Fadi asks for moral ground!
25:00 – Reason 3 – Scarcity!
28:30 – Reason 4 – Land to Asset Ratio
29:00 – Reason 5 (This reason is why the first 3 reasons exist)
32:00 – Reason 6 – Owner occupier to Investor split
33:00 – Reason 7 – CONTRACTS!
34:00 – Sunset Clause?
36:00 – Reason 8
38:00 – Reason 9 (This one scares us)
Power loans contact information
Phone: 0405 315 443
Email: [email protected]
Property Calculator Australia APP Download link
Android – https://play.google.com/store/apps/details?id=com.propertycalculator&hl=en
Apple – https://itunes.apple.com/au/app/property-calculator-australia/id1048864391?mt=8
Buying property is our passion, helping you do it is our mission!
Send us your questions, topic requests or guest speaker requests to our socials or our email [email protected]
Lets talk – Australia Facebook Page: www.facebook.com/groups/letstalkproperty/
*Note that all information in this episode is based on information that is constantly changing and these are unprecedented times*