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]
