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Thansk for the replys guys…I tried to contact you both to discuss but no luck. Are you both able to find projects in the current climate that produces 20%?
i.ie Profit = 20% of TOTAL of all Costs on a project where all end products have been sold (including selling and settlement costs)
I have finally found an area and a constrcution type that will deliver this 20% but it is all theoretical…
Do some areas work and others just dont?
I have spent a bit of time doing feasabilites on developments that are up for sale and I am constantly surprised how many don't make anywhere near the 20%….and yet people undertake them….I am starting to think that either these are builders who have their extra margin or they have relied on market increases to deliver their profit (I don't see this as a valid mechanism for delivering profit…you might as well buy a property and sit on it if you are relying on the market increases to deliver profit)…
Are either of you guys prepared to have a detailed phone conversation on how it is done?
Ben
Hi guys, not sure if this post is still going….but I am really curious for feedback on this….I also did the home DVD course and it was really inspiring and well presented and full of information…..however, when I started to put into action what I had learned, the magical 20% was impossible to achieve….I had Mentoring support, however the responsiveness was not good…and the responses I received showed that the 'Mentor' knew less than I did and couldn't explain how to get the 20% return. So I decided to claim the money back guarantee (which I have to say was refunded without any fuss) and it stopped there….
The bank seems to expect the 20% so it must be possible I figure…
I would be really keen to know if anybody attending the course has learned how and where to get 20% in a real life example with detailed analysis and scrutiny?
I have to say that I was disappiointed with the outcome of my search…
Would really appreciate any feedback, both positive and negative!
Thanks,
Ben
