Hi dbliss – no I didn't get your email!! Did you send it my home address? [email protected]
Yep I would love to catch up too, trust me there'll be plenty to talk about!
Could you try emailing me again?
Cheers
JessHey Jess,
that does sound like a great overview of topics, I have one question if you don't mind answering?
Do they teach you about financing properties when you're just starting out, ie how to obtain finance?
I was looking at managing renovating properties for a living, but obviously to do that you would need to quit your day job, which= no income! and with a current mortgage that seems unlikely- do you know if this type of thing is covered in the course?Cheers
Cassiegeoffandcassie wrote:Hey Jess,
that does sound like a great overview of topics, I have one question if you don't mind answering?
Do they teach you about financing properties when you're just starting out, ie how to obtain finance?
I was looking at managing renovating properties for a living, but obviously to do that you would need to quit your day job, which= no income! and with a current mortgage that seems unlikely- do you know if this type of thing is covered in the course?Cheers
CassieHi Cassie – yep they certainly do cover how to obtain finance, they have a finance broker and an accountant who speaks at the workshop, and you get a chance to have a one-on-one chat with these specialists if you like. Cherie talks about ways that you could possibly cut down your day job and work less hours whilst doing your first couple of projects. Then hopefully you might have some money behind you to quit work altogether.
Even though Steve & Cherie now only do the 'high-end' projects, they certainly know that everyone needs to start at the bottom, and give you the tools to be able to do that.
Hope that helps!
Cheers
JessHey Sarah,
Yes i've done the seminar with Ana Stankovic and it was jam packed with information and thought provoking ideas. A great start for anyone who's interested in knowing more about renovating for profit. The size of the groups does indeed make it more intimate so you've got time to ask Ana questions during the break, or even get inspired by talking to other like minded attendees.Ana also provides follow on coaching so you don't need to end your journey at the seminar. Highly recommend!!
Best of luck
AmandaHi everyone, this is my first post as I too am a newbie!
I was inspired by the appearance of Stephen Tollier & Cherie Barber on ACA not long ago to start pursuing something I've been wanting to do (but didn't have the guts) for ages, home renovating. I would love to be able to do one of their renovating for profit workshops, which I have heard only very positive things about. Unfortunately due to personal circumstances (a just separated mum with two small boys) the $5,000 fee is just not an option right now. Thanks Darren for the info on a more affordable alternative and can anyone else suggest similar workshops worth pursuing but with a kinder price tag?
Hi Jess
thanks for the reply that was my main concern, I think I'm going to have to book in!Cheers,
CassieHi tracy2survey,
Check out ana Stankovic at http://www.renovateandprofit.com or http://www.winningformulasforsuccess.com. She does a similar thing but much cheaper…and she also has the backup software to go with her course at a much fairer price also.
Cheers
Thanks for that Sarah Joseph
I will definitely check them out
Tracy
JessW wrote: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
JessJess hi,
Sounds like the workshop was worth every penny! I bet you are ready to take off!
Thx for your feedback-its got me thinking and now i am considering doing their workshop in syd later in the year.
Can you please tell me if amongst all the goodies that you got, did they provide any software to assist with analysing and /or managing projects? Or, did they recommend any software?
Thx
TinaJess hi,
Sounds like the workshop was worth every penny! I bet you are ready to take off!
Thx for your feedback-its got me thinking and now i am considering doing their workshop in syd later in the year.
Can you please tell me if amongst all the goodies that you got, did they provide any software to assist with analysing and /or managing projects? Or, did they recommend any software?
Thx
Tina
[/quote] [/quote]Hi Tina – there is no software for analysing or managing properties, there is a Financial Feasibility Software – which allows you to work out whether the property you are considering will be financially worthwhile – this is all part of their Due Diligence System. Their Due Diligence System is not a computer program, it is done manually. I think Cherie said that they had considered trying to build software for their due diligence system, but it was too difficult or something.
I'd recommend the workshop for sure. It was great, and has given me a lot more confidence to go out there and ensure I'm buying the right type of properties and doing the sort of improvements that will earn me profit.
Hope this helps!
Cheers
JessHi Jess,
Thanks a lot for the thorough feedback. I also have a question about the financial feasibility software.
How does it look like? And how do you use it? Is it just like a excel spreadsheet that helps you to work out the holding cost, renovation cost (with predetermined renovation cost of each component such as bathtub or toilet or wall in it), and selling cost to show you the end profit?
How does it help you decide the end selling value? or do you need to work it out yourself manually?
Does it also have a project management type component that helps you estimate how long the reno is gonna take and the milestones?And for the suburb due diligence, is that all manual data collection combined with RP data?
Thanks a lot and looking forward to your reply!
Vivian
Hi Jess
Just came across this thread, just wanted to ask you, having done the program now and the materials you have are you now confident enough to go out and source your first project.
I am considering doing the program myself not sure i can justify the 5k.
Cheers
SGHi Jess,
I just got to this thread because I am considering to do the Stephen & Cherie 2-day workshop. Did you do your first reno already after the workshop?
Cheers
Alex
Hi guys – sorry to those I haven't replied to on this thread… i've been very busy – holidaying, and yes, renovating!
Alex – I have just begun my first reno, and am now in the full swing of it…. I knew it wouldn't all be smooth sailing, but I didn't think it would be soooooo frustrating! It's only a small reno really. It's a small 2 bedroom plus sleep-out Cal Bungalow style house. It had this ridiculous bathroom right in the centre of the house that you could hardly even turn around in, yet a massive laundry out the back. So I have ripped out the old bathroom which has opened up the kitchen to one of the bedrooms, so I'm turning this space into an open-plan kitchen/dining/living, which looks fantastic… so much more space.
The bathroom I am relocating to what was the laundry, and it will be a really good size bathroom now, able to accommodate a separate bath and shower, plus vanity and toilet. The laundry is going in what was the sort of porch area at the back of the house which will work really well.
Anyway, the design of the house now will be way more user friendly and better use of space.
But I am so frustrated as I am doing a lot of it myself (I do have a chippy who is helping with the "big" stuff). Now I may be naive, but I thought that a bit of wall paper removal, painting, removing old air con/heaters, would be simple stuff… NO! I touch one simple thing and it turns into a huge job – which I am totally unskilled for!
And of course, the constant battle of watching where the $ are going, and trying to do it as cheaply as possible without making it look cheap, it also time consuming and draining (yep, caught me at a bad time I think…. I'm tired!!)
But, having said all that, it is still exciting to watch it all slowly come together. Doing Steve & Cherie's workshop has certainly given me the confidence to get in there and give it a go. I would recommend doing it for sure.
Danviv1 – Sorry I've taken so long to get back on here and reply to you – the Financial Feasibility is basically just an Excel spreadsheet, but it is quite comprehensive. It doesn't include predetermined figures as you suggested, I guess because there could be a huge difference in the price of certain items. But it lists all the items you may need, room by room, with a spot for your estimation, so you can go through and estimate what the job will cost, and then a spot for the actual cost after the job is done.
Suburb due-diligence is basically as you have suggested… manual data collection with the help of websites such as RP Data. But Steve & Cherie do give you a strategy to follow when doing your data collection.
Hope that helps!
Stargazer – Again, apologies for taking so long to get back to you. As you may have read above I am out there in the midst of my first project, so yes, it has certainly given me the confidence to do it. I think that if you are lacking direction and confidence than doing a workshop like Steve & Cherie's is certainly a great idea. $5k is pretty steep, I agree, and if you can't afford it, don't do it! But if it's not going to break the bank than go for it – it will get you motivated and ready!
Cheers everyone! I'll try to get on here more regularly – I'll start a thread with pics of my reno shortly!!
Jess
Need advice,
I'm interested in the Renovating for Profit workshop too.
I was hoping to speak to somebody that has done the workshop before handing over that sort of money. I thought I'd make a quick post before leaving the office today. Jess W would you be available for a quick discussion about it via email, or would there be anybody else out there with any further and more recent advice and/or an opinion on the workshop. Also maybe some prefered study.
Cheers
RenosHi there Renos – feel free to shoot me an email – [email protected]
Cheers,
JessHi
Does anybody have their DVD's that they would be willing to sell cheaply to another investor.
PM me with a price !
Hi, I have looked everywhere on the net but I have been unable to find this "2 hours DVD" that I keep hearing about. Can anyone point me in the right direction? I'd really appreciate it.
Cheers!
Joel
Joel Smith wrote:Hi, I have looked everywhere on the net but I have been unable to find this "2 hours DVD" that I keep hearing about. Can anyone point me in the right direction? I'd really appreciate it.Cheers!
Joel
It’s not cheap but everyone I know who has done her course has gone on to make back the money on their first reno = well worth it.
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