The 5-Day Property Development Audit That Stopped People Cold!

What happens when you put property developers through a 5-day audit of the foundations? You find the gaps they've been working around for years. Bob and Hilary recently ran a 5-day Property Development Challenge inside the PM Facebook group, and this episode is the takeaways recap. CHAPTERS 0:00 Intro and Welcome 3:28 Bob's Tip, 4,000 Year Old Honey 4:28 5-Day Challenge Recap Begins 7:11 Day 1, Your Why 13:46 Day 2, Finding Your Patch 16:03 Day 3, Feasibilities 18:14 Day 4, Funding and Finance 22:54 Day 5, Approval 29:24 Wrap Up and Next Week In this episode: • Day 1, Your WHY: why a Ferrari isn't a good enough reason to develop • Day 2, Finding your patch: location, council rules, red flags to screen for • Day 3, Feasibilities: how to run the numbers properly before you commit • Day 4, Funding and finance: gearing, brokers, and why investors service loans but developers don't • Day 5, Approval: getting through council and what trips most people up • Bob's finance thumb rule (the one that tells you exactly how much equity you need to start) • Why JV partners are more mainstream than you think Want the full 5-day challenge? Join our free Facebook group, Property Developers Secrets and Hacks. You can still work through the challenge at your own pace with the workbook.   / 916017801215148   Got a question? Email Hilary directly: [email protected] About Property Mastermind Bob Andersen has 40 years in the industry and over $1.8 billion of property developed. He's taught the foundations to more than 60,000 people. Hilary Saxton is an 8-time award-winning keynote speaker, author of 3 Wines In, and a property developer with $47M of active projects across Australia. Together they run Property Mastermind, training the next generation of Australian property developers. New episode every Friday. Coming up next week: We're sitting down with successful Mastery students to walk through deals they've actually done. Hit subscribe so you don't miss it. And if you find this episode useful, leave a comment. Even in the finance and property world, comments make a difference. #PropertyDevelopment #PropertyMastermind #PropertyInvesting #RealEstateAustralia #JointVentures #MoneyPartners #PropertyEducation #PropertyDevelopers