Ep. 171 - Property Development Workshop Takeaways and Gold Nuggets

In this week's episode of the Property Mastermind Podcast, we dive into a recap of our recent three-day property development workshop. We had an amazing time with a fantastic group of people, and we're excited to share some of the key takeaways and golden nuggets from the event. From the very first day, we covered everything from assembling a top-notch property development team to finding the perfect site and conducting thorough due diligence. We even tackled the all-important feasibility studies, ensuring everyone left with a solid understanding of the numbers game in property development. Day two was all about approvals and finance, two critical components of any successful property development project. We discussed the ins and outs of getting development and building approvals, and then moved on to the fascinating world of finance. One of the highlights was explaining capitalised interest, a game-changer for many attendees who realised they could secure funding without the traditional serviceability constraints. We also delved into creative strategies like joint ventures, which opened up new possibilities for many of our participants. By day three, the energy in the room was palpable. We covered the nitty-gritty of finding and vetting builders, understanding building contracts, and navigating the post-construction phase. The networking opportunities were invaluable, with many attendees forming new friendships and potential joint venture partnerships. Overall, the workshop was a resounding success, leaving everyone feeling confident, motivated, and ready to tackle their next property development project. If you missed this one, don't worry—there will be more opportunities to join us and take your property development skills to the next level. Until next time, keep on developing and making those dreams a reality! Episode Highlights: Recap of the Three-Day Workshop [00:28] Book Giveaway and Fishing Story [00:50] Fishing Trip Experience [01:33] Workshop Overview and Structure [03:22] Day One: Team Building and Site Finding [05:14] Due Diligence and Feasibility [07:45] Day Two: Approvals and Finance [12:15] Capitalised Interest Explained [14:11] Networking and Community [16:14] Day Three: Builders and Contracts [27:07] Creative Strategies and Joint Ventures [27:53] Workshop Takeaways and Conclusion [28:53] Final Thoughts and Encouragement [32:07] About Hilary Saxton: Hilary Saxton is a performance and mindset strategist who motivates, trains, and coaches people who crave knowledge and success in their property and business life. Hilary has had a varied career in property and business spanning at around more than 25 years now. She takes an honest, upfront approach towards both people and process issues. Hilary provides solutions through incremental and transformational change that delivers the success her clients both want and need. Bounce Back Better Podcast: https://episodes.fm/1707096100 About Bob Andersen: Bob Andersen (known in the property industry as “The Deal Maker”) is a Property enigma. When it comes to creating financial freedom for his followers, his “thinking” is refreshingly simple. He has the ability to make the seemingly complicated, uncomplicated. Bob has changed the lives of so many people by training them to use property development as a vehicle to build substantial cashflow and long term wealth. This in turn, has given them control over their lives and a lifestyle they could previously only dream about. It has been said that Bob has created more property millionaires in Australia than any other educator / mentee out there through his highly acclaimed property development courses. Thank goodness for Bob! Because there are way too many so-called Property education experts out there. Several, even past students, have ‘borrowed’ Bob’s material in an attempt to ‘be Bob’. As Bob says, “I must have done something right, but you can’t ‘borrow’ over 35 years of experience and over $1 billion worth of projects spread across all states of Australia and in all stages of the property cycle”.  Connect with Property Mastermind:  Property Mastermind Facebook: https://www.facebook.com/PropertyMastermind Property Developer Secrets and Hacks Facebook group: https://www.facebook.com/groups/2581187315284341 Hilary Saxton Facebook: https://www.facebook.com/HilarySaxtonCoach Instagram: https://www.instagram.com/propertymastermind/ YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA Property Mastermind Website: https://www.propertymastermind.com.au/ See omnystudio.com/listener for privacy information.