Ep 127 Building Costs Explode! How do the pros keep profiting? With Rob Flux

During the pandemic the entire country experienced construction material supply shortages. These shortages inevitably lead to higher costs when demand for new builds didn't slow down, it actually increased.    Mix this together with the increased demand on tradies and their hourly rate increasing and you've got a great recipe to lose all your profits as a renovator or developer.    So how does a pro continue to develop and profitably put deals together in a market filled with uncertainty and rising costs? To answer this we have professional developer and part time rugby super star Rob Flux on the show.    Rob is going to walk us through all the ins and outs on: - How he's managing risk in this uncertain time - What to do if you think your builder might be about to go bankrupt? - Other ways to still profit from property development without building    All that and more. If you want to chat in more detail with Rob check out his site linked below: http://developernetwork.com.au/property-development-formula   Join Todd Sloan each week, to pick the brains of a different industry leader to bring you the best property content in the country.   Want more help understanding how to buy property faster and for less? Get your copy of Todd Sloan’s book today: Booktopia: https://www.booktopia.com.au/australia-s-home-buying-guide-todd-sloan/book/9780648980490.html?source=pla&zsrc=go-nz-allstock&gclid=Cj0KCQjwnJaKBhDgARIsAHmvz6f55Kw-l0pKCn0DMNj0TND2qN863sQQR56p98sXAjOUgBQSpwDDQ0waAtLsEALw_wcB Dymocks: https://www.dymocks.com.au/book/australias-home-buying-guide-by-todd-sloan-9780648980490?gclid=Cj0KCQjwnJaKBhDgARIsAHmvz6etuq25nQ2CSirN8z-UHAIshbp5MxeuD7ECMvs5Oghg2Pab34Fyl0QaAuQhEALw_wcB   YouTube Pizza & Property: https://www.youtube.com/channel/UCgXX6ibW7WEFbWkf-jslDvQ?view_as=subscriber Facebook Pizza & Property: https://www.facebook.com/Pizza-and-Property-2111096335696398/?modal=admin_todo_tour ASK YOUR LISTENER QUESTION BY VISITING THE WEBSITE BELOW  Website:  https://www.pizzaandproperty.com/   Disclaimer: All discussions are general in nature and should never be considered financial advice, please seek your own professional financial advice. The content displayed on the website, podcast and blog is