Are you walking away from deals you could actu

Good morning Bob, cruises and the road to epis

Book winner: Jared Beckett

The October workshop: property development AND

"My first two deals were joint ventures"

Deal one: vendor finance with Tony, "money's t

Some money but not enough: the tripping point

Make your own luck: selling land to become a d

Deal two: a joint venture with an equity partn

Why people want to do deals with you once you'

Project one: 16 industrial units at North Harb

Finding a lot nobody was selling

An option, a DA before settlement, then the sy

Investors on site at the open day

It's all just paperwork on the side of a norma

Project two: the childcare refurb

A 32-year-old centre, a tenant first, then the

Vandals, flooding, mould, and the silver linin

Higher rent, higher value: the cap rate win

Project three: 24 industrial units at Bundamba

Top-ups: $120k and $350k from investors at int

Why waiting to save up costs you years

The financier is the best JV partner you'll ev

The many ways to cut a joint venture

Wrap up: this is your first duck aligning

How to reach us and the workshop

In this episode Bob and Hilary unpack Joint Ventures.

Bob goes back to his first two projects, both joint ventures. 

The first was a vendor finance deal with a landowner named Tony, who told him "money's the easiest part" and then showed him how to do a four-lot subdivision with a second mortgage instead of a deposit. 

The second was an equity partner deal with his sister's boyfriend, where Bob put in no money at all. Then they walk through three syndicated projects.

Ultra Urban has on the go right now: 16 industrial units at North Harbour, a childcare centre refurb, and 24 industrial units at Bundamba, including the vandalism, the mould, the $120,000 and $350,000 top-ups, and why none of it was a problem. 

The takeaway: the financier already puts in at least four times what you do and only wants an interest return. 

If you are short on the rest, there is a joint venture structure for that, and waiting five or ten years to save it up is the expensive option. 

Learn more about our workshop here: https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/


Hosted by Bob Andersen and Hilary Saxton of Property Mastermind.

In this episode Bob and Hilary unpack Joint Ventures. Bob goes back to his first two projects, both joint ventures. The first was a vendor finance deal with a landowner named Tony, who told him "money's the easiest part" and then showed him how to do a four-lot subdivision with a second mortgage instead of a deposit. The second was an equity partner deal with his sister's boyfriend, where Bob put in no money at all. Then they walk through three syndicated projects. Ultra Urban has on the go right now: 16 industrial units at North Harbour, a childcare centre refurb, and 24 industrial units at Bundamba, including the vandalism, the mould, the $120,000 and $350,000 top-ups, and why none of it was a problem. The takeaway: the financier already puts in at least four times what you do and only wants an interest return. If you are short on the rest, there is a joint venture structure for that, and waiting five or ten years to save it up is the expensive option. Learn more about our workshop here: <a href="https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/">https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/</a> Hosted by Bob Andersen and Hilary Saxton of Property Mastermind.

Want to sky-rocket your property development career? Bob Andersen & Hilary Saxton are here to add value to your property journey, whether it be through high-quality education, guidance, and accountability. Stay tuned for weekly episodes!

Want to sky-rocket your property development career? Bob Andersen &amp; Hilary Saxton are here to add value to your property journey, whether it be through high-quality education, guidance, and accountability. Stay tuned for weekly episodes!

Property Mastermind - All Things Property Development

Property Mastermind Podcast with Bob Andersen & Hilary Saxton

Are You Walking Away From Deals You Could Actually Do? (Joint Ventures Explained) | EP 271

Can AI do a property development feasibility for you? Hilary Saxton and Aaron Ralph put the newest ChatGPT model to the test, live on screen. They hand it a real duplex site they have already developed with some of their students and sold and ask it to work out whether the deal stacks up. The actual result on that project was a $604,000 profit at 16% return on cost (ROC).

ChatGPT researched, produced spreadsheets, and came back very confidently with a $125,000 loss. Even after Aaron gave it the 3 biggest numbers in the feasibility, the land, the construction cost and the gross realisation value (GRV), it still landed on an 11% return - a deal no lender would fund.

Along the way Aaron and Hilary explain what an AI agent actually is, why AI generalises toward the median, what the valuer's methodology is and why it matters for finance, how we run our own models 24/7 to do feasibilities and hunt for sites, and where AI genuinely shines for developers.

The takeaway: use AI, but the specialist knowledge still has to come from you.

Hosted by Hilary Saxton with Aaron Ralph - Property Mastermind.

Can AI do a property development feasibility for you? Hilary Saxton and Aaron Ralph put the newest ChatGPT model to the test, live on screen. They hand it a real duplex site they have already developed with some of their students and sold and ask it to work out whether the deal stacks up. The actual result on that project was a $604,000 profit at 16% return on cost (ROC).
ChatGPT researched, produced spreadsheets, and came back very confidently with a $125,000 loss. Even after Aaron gave it the 3 biggest numbers in the feasibility, the land, the construction cost and the gross realisation value (GRV), it still landed on an 11% return - a deal no lender would fund.
Along the way Aaron and Hilary explain what an AI agent actually is, why AI generalises toward the median, what the valuer's methodology is and why it matters for finance, how we run our own models 24/7 to do feasibilities and hunt for sites, and where AI genuinely shines for developers.
The takeaway: use AI, but the specialist knowledge still has to come from you.
Hosted by Hilary Saxton with Aaron Ralph - Property Mastermind.

Can ChatGPT do your Property Development Feasibility? (We tested it live!) | EP 270

Bob Andersen and Hilary Saxton unpack this year's Property Development and Joint Ventures Workshop, three full days on the Gold Coast from Friday 9 to Sunday 11 October, plus a two hour online kickoff session on Thursday 1 October.

This year's workshop covers the complete A to Z of property development through Property Mastermind's nine step process, from sorting your finance and finding a site that stacks up, right through to banking your profit at the end. It is built for beginners first, and the majority of people who have come through the program started exactly there. But it is not only for beginners. Bob and Hilary explain why so many people come back (the record is nine workshops) and why hearing the process again is what turns knowledge into second nature.

What makes this workshop different is that joint ventures and creative finance strategies are woven right through it. If you have been waiting to save up enough cash to do your first development, Bob's message is simple: you will probably be waiting a long time, and you don't have to. Loan partners, equity partners, options, small capital raising's and land owner joint ventures are all ways to get moving now, whether it is your first project or your second while the first is still under way.

They also talk about the part that is hard to explain until you have been in the room: the networking. Morning tea, lunch, afternoon tea and happy hour every day, a community where nobody sits alone, and joint venture partnerships that form at the workshop itself, year after year.

Early bird pricing is on now. Use the code EARLYBIRD at checkout to save $1,000 off the standard $3,997 ticket, ending 13 September. Past attendees can return for just $495.

Workshop details and tickets:
https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/

Attended a Property Mastermind workshop before? Reserve your seat here: https://buy.stripe.com/6oU00c9LEaFf5BS4TfdIA1Z

Questions? Email admin@propertymastermind.com.au

Bob Andersen and Hilary Saxton unpack this year's Property Development and Joint Ventures Workshop, three full days on the Gold Coast from Friday 9 to Sunday 11 October, plus a two hour online kickoff session on Thursday 1 October.
This year's workshop covers the complete A to Z of property development through Property Mastermind's nine step process, from sorting your finance and finding a site that stacks up, right through to banking your profit at the end. It is built for beginners first, and the majority of people who have come through the program started exactly there. But it is not only for beginners. Bob and Hilary explain why so many people come back (the record is nine workshops) and why hearing the process again is what turns knowledge into second nature.
What makes this workshop different is that joint ventures and creative finance strategies are woven right through it. If you have been waiting to save up enough cash to do your first development, Bob's message is simple: you will probably be waiting a long time, and you don't have to. Loan partners, equity partners, options, small capital raising's and land owner joint ventures are all ways to get moving now, whether it is your first project or your second while the first is still under way.
They also talk about the part that is hard to explain until you have been in the room: the networking. Morning tea, lunch, afternoon tea and happy hour every day, a community where nobody sits alone, and joint venture partnerships that form at the workshop itself, year after year.
Early bird pricing is on now. Use the code EARLYBIRD at checkout to save $1,000 off the standard $3,997 ticket, ending 13 September. Past attendees can return for just $495.
Workshop details and tickets: <a href="https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/">https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/</a>
Attended a Property Mastermind workshop before? Reserve your seat here: <a href="https://buy.stripe.com/6oU00c9LEaFf5BS4TfdIA1Z?fbclid=IwcGRvZgFleHRuA2FlbQIxMABicmlkETE5M2hjb0lTNVdVWGdhUDNBc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHmPFhEtcGvvxFCG5lqcmkB62KGzd0wC9NBKblFHwSKf-UE_yfZPPLwAr3PAW_aem_v_zUod6ki8SoFIG38m9IOQ">https://buy.stripe.com/6oU00c9LEaFf5BS4TfdIA1Z</a>
Questions? Email admin@propertymastermind.com.au

Our 3 Day Property Development & Joint Ventures Workshop: Who It's For and What You'll Learn

Every new property developer hits the same sticking points. Not hundreds of them, five big ones. And once you can see them clearly, they stop being reasons to wait.

In this episode Bob Andersen and Hilary Saxton unpack the five questions that stall new developers: 1. How much equity you actually need (and the simple rule of thumb to work it out)

2. Why development finance is nothing like the retail finance you're used to

3. How to choose your patch and become the local expert

4. Why the profit is decided at the start with an accurate feasibility

5. Why you don't need to know everything, you just need the right people around you.

It's all delivered in plain English, including the leverage example that shows how putting in one fifth of the costs can turn a 20% project margin into a 100% return on your money.

In this episode:
How much equity you actually need, with the one-fifth to one-sixth of GRV rule of thumb
Leverage explained simply, and why financiers put in most of the money
Development finance vs retail finance, and why your local bank isn't the lender
Choosing your patch and becoming the local expert
Why the profit is decided at the start, not the end, and how feasibility drives everything
Building your team: the architect, town planner, engineers and builder, so you don't have to know it all

 

To learn more about our upcoming 3 day workshop, click here: https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/

 

Every new property developer hits the same sticking points. Not hundreds of them, five big ones. And once you can see them clearly, they stop being reasons to wait.
In this episode Bob Andersen and Hilary Saxton unpack the five questions that stall new developers: 1. How much equity you actually need (and the simple rule of thumb to work it out)
2. Why development finance is nothing like the retail finance you're used to
3. How to choose your patch and become the local expert
4. Why the profit is decided at the start with an accurate feasibility
5. Why you don't need to know everything, you just need the right people around you.
It's all delivered in plain English, including the leverage example that shows how putting in one fifth of the costs can turn a 20% project margin into a 100% return on your money.
In this episode:
<ul>
<li aria-level="1">How much equity you actually need, with the one-fifth to one-sixth of GRV rule of thumb</li>
<li aria-level="1">Leverage explained simply, and why financiers put in most of the money</li>
<li aria-level="1">Development finance vs retail finance, and why your local bank isn't the lender</li>
<li aria-level="1">Choosing your patch and becoming the local expert</li>
<li aria-level="1">Why the profit is decided at the start, not the end, and how feasibility drives everything</li>
<li aria-level="1">Building your team: the architect, town planner, engineers and builder, so you don't have to know it all</li>
</ul>
&nbsp;
To learn more about our upcoming 3 day workshop, click here: <a href="https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/">https://www.propertymastermind.com.au/events/property-development-and-joint-ventures-workshop/</a>
&nbsp;

Are You Walking Away From Deals You Could Actually Do? (Joint Ventures Explained) | EP 271

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Property Mastermind Podcast with Bob Andersen & Hilary Saxton

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