This week, Hilary and Bob discuss the ins and outs of joint ventures with landowners, highlighting the potential benefits for aspiring property developers who may have limited funds.

Recorded during a visit to Margaret River, Australia, this episode features insights from Bob, who shares his personal experiences and stories related to joint ventures.

Hilary and Bob also touch on their recent activities, including a development project in Perth and a casual meet-up for local property enthusiasts.

Episode Highlights:

1. Bob's Tip of the Week [01:58]

2. Defining Joint Ventures with Landowners [02:56]

3. Importance of Proper Structuring and Legal Advice [04:48]

4. Valuing the Land in Joint Ventures [06:30]

5. Role of Valuers and Independent Arbitrators [08:05]

6. Challenges with Accountants and Lawyers [10:02]

7. Financing the Project Using Land Equity [11:18]

8. Handling Development Approval Costs [12:16]

9. Scenarios for Covering Approval Costs [14:10]

10. Involving Investors for Seed Capital [15:34]

11. Example of Using a Line of Credit [16:58]

12. Estimated Costs for Approvals [18:23]

13. Process After Obtaining Approvals [19:38]

14. Distribution of Profits and Fees [21:07]

15. Flexibility in Project Size [21:34]

16. Benefits of Multi-Stage Developments [22:41]

17. Popularity of Joint Ventures with Landowners [24:11]

18. Conclusion and Upcoming Events [24:51]

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”. 

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