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No More Hold and PrayHome owners often wait for their property to grow. We call it the ‘hold and pray’ method. They hold it and pray it goes up in value! No way! Professional property investors create their own growth with one or more of the Reno Kings value adding strategies. Property development is one of the most powerful. ‘Developing for Profit’ will show you how to create your own profits through property development by
Can You Spot the 5 Critical Mistakes?An investor wants to develop and sell units. They locate a site that can be developed for 5 units. They know this because they checked the zoning with council and their friendly real estate agent explained how you work out the number of units that can be built. This investor then quickly places the property under contract in their own name, conditional upon finance. While waiting for finance the investor starts speaking with some builders to try and work out their feasibility. So far the investor has not even gone unconditional on their contract and they haven’t completed a single stage of the ’10 key stages of property development’, yet they have already made 5 critical mistakes that could spell disaster. In fact, any one of these mistakes alone could be the difference between making a profit and being scarred for life by the financial and emotional pitfalls. If you cannot pick all 5 of these mistakes then you must attend this workshop. Here’s one mistake to get you started... they checked the zoning with council... yet isn’t that what we are meant to do??? If you can pick the mistakes then you are one step closer to being a developer, but if you don’t know why they are mistakes or the magnitude, then you must attend this workshop. Just one mistake can be the differenceThere aren’t that many people who can afford to make a loss on any investment, let alone their first development, so the cost of not gaining the right education can be devastating. We have witnessed firsthand the unfinished disasters of under-prepared, undercapitalised, inexperienced ‘wanna be’ developers. It’s not a pretty ‘site’! Don't leave thousands of dollars on the tableFor example one small thing Geoff Doidge learnt recently was how to get a $15,000 tax write-off from one of his development sites... and he hadn’t even employed a builder! The scary thing is had he missed this, he may never have even known he was missing out on thousands of dollars, and he would have repeated the same mistake time and time again. You will learn this at the workshop along with hundreds of other valuable tips to help you avoid the pitfalls and increase your profit.
That is $300,000 saved and $500,000 more equity out of just two ideas this developer learnt ‘on-the-job’ and which you will learn at this workshop. This means you do not have to be halfway through a project before you are forced to either change direction (and lose time and money) or even worse… walk-away. 13 Speakers over 2 Information Packed Days13 speakers will be presenting over the two days of this workshop and they have heaps of valuable information to share! Here are just a few of them:
Meet your 2009 Development A-Team. The 2010 A-Team to be announced shortly.
Kerrie-Anne Bailey has over 14 years experience in providing tax and business advice to clients. Kerrie-Anne has operated her own accounting business for the last 7 years specialising in taxation, superannuation and business advice. Prior to this she worked with a number of large accounting and legal firms in Sydney where she specialised in tax structuring and advice. Kerrie-Anne is uniquely qualified, being a Chartered Accountant and Solicitor, having completed studies in commerce and law. Kerrie-Anne has also completed a Masters of Law (Taxation) at the University of Sydney, and is a Fellow of the National Tax and Accountants Association. Kerrie-Anne’s business, employs only Chartered Accountants, so you know your business is always in the best possible hands and that every member of her team can help with your enquiries.
Shane is considered a very valuable consultant to his clients, being qualified as both a Town Planner and a Surveyor and having a wealth of experience behind him, including being hand chosen to work for the Icelandic Government. Shane is involved in town planning and environmental management services where he is instrumental in assisting clients to achieve development approval for projects in South-East Queensland. Some of his major residential subdivisions include Mango Hill, Poona Bay, Pebble Beach and preparing community plans for developments around South-East Queensland. Shane’s surveying expertise led him to be selected in 1986 to help the Icelandic Government to conduct a detail control survey of the Icelandic Plate in order to monitor its movements.
Not only is Rob a well respected solicitor, he is also a property investor, author and legal educator, so he knows how to walk the walk and talk the talk. Rob has 30 years of experience, both in NSW and QLD, and during this time has been involved in just about everything, from lecturing TAFE students through to educating some of Queensland’s top Real Estate agents via the REIQ. Rob practices principally in the areas of management rights, business law, asset protection, property strategies, and commercial conveyancing. Rob is also the author of multiple books, including his top selling book “Clauses Made Simple”. His feature articles can regularly be found in the Australian Property Investor Magazine.
Seth is a co-director of a well established certification practice who are providers of Residential and Commercial Building Approvals, Inspections and Certification services on all classes of buildings and structures. During the past 10 years they have been involved in the approval process for a diverse range of developments, from small to large housing estates, alterations and additions to both residential and commercial properties, Building Approvals for new developments including commercial, retail, industrial, houses and small to medium sized residential developments and approvals for community and government developments such as schools. Seth has a great understanding of the developer’s mindset and his experience has taught him how to get approvals through quickly and cost effectively. Seth says there are a number of key issues affecting developers in the current market and as a result of this has developed the five key steps to getting your building approval through quickly and in a cost effective market.
Aaron's company, BuildChoice, has over 9 years of experience in assisting developers to find the right builder for their project. Their network consists of over 300 reputable builders, specialising in commercial, residential, industrial and civil developments. BuildChoice is able to negotiate a competitive price by understanding your needs and recommending a builder who is geared to construct your project type, design and size. BuildChoice saved one developer over 15% on their multi-million dollar project compared to what they had received from market tenders. Find out how BuildChoice can save you the money, time and stress associated with finding the right builder for your development. One developer twice submitted their project for market tender in a regional area, without success. BuildChoice became involved, were able to source a suitable builder and negotiate savings of over $2,000,000... imagine the time and money that would have been saved had BuildChoice been involved from the start.
Paul Eslick’s motivation for getting into property investment was to kick what he calls the ‘J.O.B. (Just over broke)’. Most people know Paul as an expert at adding value through renovating and Paul’s 'Time is Money' motto has made him the fastest renovator going around – so far his quickest renovation is 14 hours … that’s right only 14 hours … mind you it was a 12-hour challenge that he didn’t quite achieve. He is renowned for painting a house … filmed on national TV … in 64 minutes. Paul says, “If you take longer than 4 weeks to renovate an investment property, you are doing something wrong.” What a number of people don’t realise is that Paul has also had considerable experience in property development and he is also a qualified and registered builder. His first development was carried out 25 years ago and since then they have gradually increased in size and frequency. While he continues to renovate every property he buys to add instant equity, the instant equity is generally being used to fast track his portfolio through development. This is because Paul now concentrates on buying renovators that also have development potential. No longer is he satisfied with having just one or two twists with his properties, he must have three or four with EVERY single one! Paul believes the greatest asset to property investment is experience and education. It is this experience, both the good and the bad, that Paul will be sharing with you so you become educated in how to recognise good development outcomes, but also learn what not to do so the mistakes are already taken care of by him!
Bradley Beer showed Geoff how to get a $15,913 tax write off for his small development... before he had even started construction! Bradley Beer has had over 10 years experience in quantity surveying and as a result has substantial knowledge and specialist experience in project management, project control, construction estimating, cost planning, cost management and tax depreciation. Brad has written a large array of literature for his firm and is also actively involved in new business development, which has contributed to the company becoming a large and well respected Quantity Surveying firm with offices in nine locations. Despite the growth, they have continued to adhere to their vision of being client focused, delivering the best possible outcomes that are uncompromised in quality.
Geoff Doidge is a failed public servant and it was this failure that has enabled him to build a property portfolio in excess of $16 million. He likes to think that he has “failed his way to success”, making every mistake in the book. The difference between Geoff and most others is that he is prepared to admit the mistakes, learn from each of them and wants share his experience so you don't discover the same mistakes the hard way. Learn how Geoff has created over $1 million dollars in equity in the last 12 months, while many other investors have been sitting on their hands. Against the trend of declining building approvals and starts, Geoff has just completed a block of ten brand new units. And what is really amazing is that he is not going to sell any of them. He's made a massive equity gain, created a mind boggling cash machine, and all this with heaps of tax write-offs ... plus it's only 5km's from the Brisbane CBD. Geoff will also show you how he made close to 45% out of a development site in 18 months... and he hadn’t even employed his builder!
While being the youngest member of the Reno Kings team, Justin could probably boast that he is the most experienced developer, having worked for over five years with a development company as a research, acquisitions manager and project manager and for a large part of that specialising in student accommodation. It is this experience that makes him the first port of call not only for his clients, but also for the Reno Kings when they look at buying a property! Justin is uniquely qualified, also being an investor and developer himself, having 9 years experience in property acquisitions and being a qualified town planner. In addition Justin is the son of Paul Eslick, one half of the Reno Kings and has been on or around building sites and renovations for as long as he can remember. Justin’s property mantra is to “always make sure you know more than the real estate agent and whatever you do, don’t let them know this”. He will be bringing his experiences as a developer AND a buyer’s agent together to educate YOU on how to become more knowledgeable than not only the agent, but also the other purchasers so that you always know you are buying well and can buy quick. Don't miss this unique opportunity to learn from some of the leading property experts, all over the one information packed weekend!Here is what you get at ‘Developing for Profit’, the essential two day developer’s workshop:
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Here's what people are saying about the workshop "It was a full weekend. I have learnt so much & I know from just one speaker I will save thousands on my next tax return."K.J. Dee Why |
Money Back Guarantee
If, after listening to the guest speakers on day one and indulging in the catering, you feel you have not learnt how to avoid costly mistakes or improve your profits, then return the workbooks and gifts you received on the day and ask for your money back and we will refund your ticket in full.
This is an exceptional opportunity to fast track your development aspirations and comes with a risk free money back guarantee.
Now is the time to take action!
As seats are limited and will be allocated on a first in first served basis, it is strongly recommended that you book now.
Regards
The Developing for Profit Team
P.S. Don’t forget that by attending this event you will be learning how to maximise profits that would otherwise take you years to discover ‘on-the-job’.
P.S.S. Check with your accountant... your ticket to this essential workshop may be tax deductible!
