Just wondering whether Bob or anyone else in the know could give a brief outline of what is covered in his up and coming seminar that was mentioned recently on this forum. Will it give a blueprint/checklist (so to speak) as to how to go about Subdividing a corner block with existing house for example and developing the back into small lot housing development.
Thanks heaps
Hi,
Thanks for asking. I have included below what is included. there is plenty of info on the website http://www.propertystrategies.net
The workshop is aimed at investors making the step up to developing their own investments thereby acquiring them at absolute developers cost and to either sell them at a cash profit or hold them as a long term investment. This way you can build a large investment portfolio far more quickly than by paying retail price like most investors.
In regards to your specific question we will be targeting small subdivision / townhouse projects. Included will be a very comprehensive 8 page checklist to guide you through any development.
Some of the topics covered include:
The strategy – Formulating and personalising a strategy using property development as a catalyst for turbo charging the rate at which you can acquire your investment properties.
Developer mindset – Analysing the required mindset and charactistics of a successful property developer. There are no 'born developers' so you will need to train yourself to think and act like a successful developer.
Your first step – Taking your first step on your way to successful property development. What you need to know, who you need to know, what you need to have in place and where to go for help.
Your roadmap – You wouldn't set off on an adventurous trip without planning your itinerary or consulting a roadmap. Learn the complete development process, how the separate processes link and overlap and how to brainstorm your project from concept to completion.
Building your team – Learn which projects require which professionals, who they are and what they do. Learn how to find them, how to select them, how to appoint them and how to manage them. Also learn how to appoint yourself as a paid professional.
Locating a site – Learn how to claim your territory, who to approach, who not to approach, and how to locate the best deals.
Forming a concept – Learn how to examine the highest and best use of your site. Also learn how to form a concept for the project including target marketing your project.
Design – Learn how to marry the design and standard of finish of your project to the requirements of your target market.
Financial feasibility analysis – Perhaps the most critical element of successful property development and where most beginners come unstuck. Learn how to perform manual and computerised financial feasibilities and cashflows.
Purchasing a site – Learn how to perform a comprehensive due diligence analysis. Also learn negotiation techniques with real estate agents and land owners and how to use options and contract special conditions to your advantage.
Financing the project– Learn the various sources of development finance and when certain sources are better than others. Also learn how to create a top shelf finance application and how to negotiate and deal with your financier. Also learn how to obtain the right valuation as well as certain advanced finance strategies.
Obtaining local authority permits – Learn which permits are necessary for which projects as well as how much they can cost and how long they can take. Also learn about how to deal with local authorities and neighbouring property owners as well as what to do if you do not obtain your permit.
Construction – Learn how to find a builder, select a builder, appoint a builder, and manage the builder. Also learn the various types of construction contracts and what to do if your builder goes bust or falls under a bus.
Marketing – Learn what marketing a property development project involves including how to target market your project, how to select the right sales team and how to manage your sales team to bring out the best result.
Post construction – Learn how to successfully manage all of the steps from taking possession of the site through to banking the money including final inspections, arranging the survey plan, plan sealing, lodging titles, arranging settlements etc.
Case study – We'll go through a case study (a different one from the book) of one of our recent projects from the day the site was presented to us to the day the last settlement was banked. Watch as all the pieces of the puzzle come together.
And all your questions answered:
- Should I use a different structure if I am developing and holding as opossed to developing and selling?
- Are off the market deals better than on the market deals?
- Should I buy and sell through the same real estate agent?
- What questions should I ask about the seller?
- What is more important – price or conditions?
- What is a Deed of variation?
- How should I structure a joint venture with a land owner?
- What is a call option and how do I convince a land owner to sign one?
- Does maximising my site's development potential always result in the best financial outcome?
- What should I do if my consultants make a mistake?
- How can I avoid getting into a dispute with the builder on the final inspection?
- And undoubtedly many many more…
Cheers Bob might see you on the 24th in Brissy
Has anyone done this seminar and if so can you speak of the results, I don't wish to hear about course content as that's outlined already, more so what you've done with it, the pros and cons/goods bads etc. I'd like to know if people have used the information and strategies, done JVs etc and what the results have been.
Thanks
Matt.Hi Matt,
I haven't run a live workshop since November 2007. I got a bit busy getting $100M of projects sorted out. I've got a new education + mentoring package I'll be rolling out soon but keep it to yourself. You can email me off my website initially if you have something you want to discuss.
Hi Bob
I emailed your website about a week back, haven't heard anything back yet..you folks must be busy
I'd be interested to hear more about it all as well as hear from people who've done the course, even back in 2007, to see the results etc.Thanks
Matt.Hi Matt,
Maybe my spam eater devoured you. Try [email protected]
Is the seminar endorsed by Steve McKnight? This Bob bloke makes some pretty extraordinary claims on his website:” <h2 style=”text-align: center”> HOW TO GET STARTED IN PROPERTY DEVELOPMENT AND EARN $2,000 HOUR IN YOUR SPARE TIME.</h2>
That example was per hour of effort, not time elapsed. From memory it was something like $80k profit on a deal where he only put in 40hrs of effort. On the other hand the deal took a number of months to do, its just most of the work was done by consultants/contractors.
I have attended Bob siminar and really got a lot out of it! Yes I am working on deals at the moment and I am a lot more confident because of it. Found Bob's material solid
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