Stephen Tolle & Cherie Barber workshop

Are you going on july 3rd and 4th??  I am going to that one myself and am really looking forward to it.  Like you, I am going to make this my full time career..along with being a mum. 

And while 5K is a lot of money, people pay more for a new TV… it all depends on what you do with the information you are given, as with anything, it is always up to you.

I am also happy to come back and give feedback

dbliss

I have actually done the 'Renovating for Profit' 2 day workshop in December 2009. I am from Perth but flew to Sydney with a friend because I couldn't wait for the Perth one which was going to be mid 2010. Was it worth it?? If you are serious about getting into renovating then defintely yes. For all you people out there who have said you already have IP's that you want to renovate – you may find out that your property isn't going to make you money. Sorry to tell you this – but a good percentage of the course is about due diligence and choosing the right property in the first place. From their 8 step process it is only at step 6 that we even start talking about creating a higher and better use for the property. Steps 1 through 5 are all about targeting area, suburb and property due diligence, analysis of the property and aquiring the property. One of the main things I discovered from the course is that you need to look at about 300 properties before you find one worth renovating (for profit). Most properties you will find you will only get back what you spent and make no profit from – or worse a loss. What I am trying to say that most of the work happens before you even buy the property – because it's buying the right property that makes the most difference to your eventual outcome. The actual renovation is the easy bit. However there is heaps of information in their course notes and cd's, worksheets and templates. And for those looking for information on the actual renovation process – there are many great tips and ideas which have all formulated into easy to follow steps and checklists which cover everything. Trust me the amount of hand luggage I had to take on the plane with me was enormous. I suppose the main thing I got from the workshop was the amount of due diligence involved if you are wanting to make a profit. So yes the workshop was definitely worth it if you are going to make a real go at renovating. Hope that helps. If you have any more specific questions on the course I am happy to answer them.

To Rustychook
Thx so much for your feed back.
I note that you are from Perth. One concern i had was wether the information was relevant enough for the perth market. I am in melbourne and i wondered if the info. they give can be equally applied here.
You did the course in Dec. 09. Have you had the opportunity to renovate yet? 
Does any body know, do Cherie and Stephen continue to renovate? Because like danviv1 said, they must be making a bucket load of cash from their workshops!!!
In saying that, I still have an interest in doing their course and geting in to renovating. We c urrently have 3 IP's, that could do with a bit of a make over, nothing structual, so that is in the plan for the next 12-16 months.  We want to increase our wealth and plan to buy , renovate and sell as a strategy. I believe that getting a good education in the art of searching for the right property and excecuting a profitable renovation is utimate. When your dealing with property, your dealing in hundreds of thousands of dollars, so getting it perfect is paramount.  And so that is what i am hoping that their course would help with. I dont want to run the  risk of making errors. We renovated our family home about 5 years ago and I know very well how things can get out of hand very fast.
 I am eagerly awaiting feedback from others who will be going in june and july.
Thx guys.

Thanks for the info rustychook.  That is kinda what I was hoping to hear!!

Good luck to them making that much money from a weekend of talking…wish I could do it!  It's not like they aren't giving you anything for the money you give them.  The reason people don't succeed after doing these types of courses is because they don't apply themselves and give up if it just 'too hard'.

JessW would love to catch up, it is always good to chat to people who are on the same path as you…will pm you.

Hey Kylie – I've sent you a pm – not sure if it worked though… you can email me at [email protected] – would love to catch up!

Cheers,
Jess

Thanks so much for the feedback Ian! Great to hear you enjoyed it. I am off their workshop in Melbourne this weekend and I'm very excited about it!

Cheers
Jess

Can't wait to hear what you think of it Jess.  Looking forward to your feedback.

Tina, I haven't heard of the 'women in property' seminars..will have to look into it, as I am also from melb.

I just received and watched their free 2 hour DVD and was quite impressed with the content. You can tell they really understand the dynamics of how to make significant profits through property. Renovation was low on my list of potential ways to profit, but the DVD has got me seriously thinking about it. I would need some more money in the bank to finance the kind of deals that I would want to do though as it seems the best deals would be on homes around the $1 million mark in Sydney.

Something that I dont understand that perhaps someone has done the course could explain…. they say in the DVD that the cost to do a full reno is greater than the cost to do a new build. Why are they renovating, rather than knocking down a $1 miilion wreck and rebuilding a McMansion worth $3 million, instead of making expensive changes and getting $2 miilion?

jess and dbliss,
the women in property next meeting is at the Geebung hotel, 85 barkers rd, hawthorn east on tue june 22, at 7pm.
there is an entry fee of $45 at the door, but cheaper if you pre-pay.
some how i have ended up on their email list and once a month i get this info sent to me, but u are right, there doesnt seem to be anything on the website.
i have not been to any of these meetings, but i am planning to attend the next one because they sound interesting.
might be an idea to email them so that they can sent u all the info.
let me know how u go,
tina

Hi everyone – well I have just had my weekend workshop with Stephen & Cherie, and it was great! Really comprehensive… Cherie is like this crazy woman who covers absolutely every single detail you can think of! And Steve – well he's just funny!!

No seriously, it was very full-on, loads of information, their Due Diligence System is very comprehensive and detailed, and makes you really get to know your target market, do thorough research, and therefore only buy the properties that are going to make you a buck. They talk about structural and cosmetic renovations – but you don't learn how to paint, or replace kitchen cupboards – you learn how to project manage and work with tradies etc.

The main topics that they cover are:
Setting up your property business; companies / trusts etc.; Finding the right team i.e. broker, solicitor, accountant; Doing your due diligence; dealing with agents; how to make an offer; getting the right finance; creative finance ideas; settlement periods and early access; managing your reno; dressing your property for resale etc.

Cherie & Steve obviously know their stuff.

I would highly recommend the course if you are considering doing either structural or cosmetic reno's, or if you want to learn how to really get to know the real estate market. The things they are teaching you certainly aren't rocket science, it's just common sense. But it's the way they go about their research, and the "tight ship" they run within their property business that you can really learn from.

Plus, they are very generous with their knowledge and time, ask any question and they'll answer you. Part of the course is you receive 12 months of mentoring. So I can now ring Cherie or Steve anytime (you can call them directly) with any questions I have. Plus of course you get the Trade Card that gives you some great discounts. 

I really enjoyed it, and I'm glad I did it – yes, a lot of money, but worth it in my opinion!!

If anyone has any questions please ask me!

Cheers
Jess