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.

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

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;

Where New Developers Get Stuck- The 5 Big Ones (EP: 269)

Joint Ventures are everywhere in property development, and most of our students do them. But here is the part that catches people out. The most expensive thing in a Joint Venture is not the money, it is a partner who does not understand property development.

In this episode Bob Andersen and Hilary Saxton unpack what makes a great JV partner, why the wrong money can cost you more than you would think, and where the best partnerships actually come from. They walk through the two core models, the equity partner and the loan partner, plus the classic Joint Venture with a landowner, all in plain English and real numbers.

A Joint Venture is not a compromise, it is an accelerator.

You are often just one partner away from your next deal, or your very first. Bob and Hilary share the traits worth looking for, the one boss rule that keeps a project on track, the warning signs in open online groups, and why so many of the best partnerships are formed face to face.

In this episode:
The two core JV models, the equity partner and the loan partner, and how each is structured
How a joint venture with a landowner works, and why land can act like equity
Why a partner who does not understand development can cost you more than money
The traits that make a great JV partner, and the one boss rule every project needs
How to protect your research and spot the wrong people in open online groups
Where the best joint venture partners are really found

To learn more about our upcoming workshop, click here: https://www.propertymastermind.com.au/events/joint-venture-workshop/

To learn more about our North Harbour Industrial project, click here: https://baymark.com.au/v1

To contact us, email admin@propertymastermind.com.au

 

Joint Ventures are everywhere in property development, and most of our students do them. But here is the part that catches people out. The most expensive thing in a Joint Venture is not the money, it is a partner who does not understand property development.
In this episode Bob Andersen and Hilary Saxton unpack what makes a great JV partner, why the wrong money can cost you more than you would think, and where the best partnerships actually come from. They walk through the two core models, the equity partner and the loan partner, plus the classic Joint Venture with a landowner, all in plain English and real numbers.
A Joint Venture is not a compromise, it is an accelerator.
You are often just one partner away from your next deal, or your very first. Bob and Hilary share the traits worth looking for, the one boss rule that keeps a project on track, the warning signs in open online groups, and why so many of the best partnerships are formed face to face.
In this episode:
<ul>
<li aria-level="1">The two core JV models, the equity partner and the loan partner, and how each is structured</li>
<li aria-level="1">How a joint venture with a landowner works, and why land can act like equity</li>
<li aria-level="1">Why a partner who does not understand development can cost you more than money</li>
<li aria-level="1">The traits that make a great JV partner, and the one boss rule every project needs</li>
<li aria-level="1">How to protect your research and spot the wrong people in open online groups</li>
<li aria-level="1">Where the best joint venture partners are really found</li>
</ul>
To learn more about our upcoming workshop, click here: <a href="https://www.propertymastermind.com.au/events/joint-venture-workshop/">https://www.propertymastermind.com.au/events/joint-venture-workshop/</a>
To learn more about our North Harbour Industrial project, click here:&nbsp;<a href="https://baymark.com.au/v1">https://baymark.com.au/v1</a>
To contact us, email <a href="mailto:admin@propertymastermind.com.au">admin@propertymastermind.com.au</a>
&nbsp;

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

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