Bob Anderson, Billion Dollar Developers Coaching Program????

They are in Brisbane, Sydney and Melbourne. He advised in yesterday's seminar that he is setting up complete teams of people he trusts, (lawyers, surveyors, accountants, town planners etc) in each location.

The packs he provides detail the various development structures available, including those that limit the cost of entry (i.e .money partners, partner with the land owner etc) and includes word doc versions of each contract type for all of the structures, that you can pass onto your own lawyer to amend where required, rather than starting from scratch.

Here is a link to the site http://knowledgesource.com.au/bob/

The only thing I would be wary of is being tied to those people. If some of them aren't much chop I'd make sure you have other alternatives and options.
 
Subdivisions Made Simple

. I also have no experience in land subdivision and would like to understand these deals better.

Many of our clients are not experts on subdivisions & never will be, yet they do some huge subdivisions. So why would you be any different.

Not sure you need an expensive course to do a subdivision. They are quite straight forward especially if you start small i.e. 2 lots (straight Torrens Subdivision).

Multiple lot Strata Subdivision aren't too taxing either especially if its an existing multi unit building.

Start by doing your own research on line. Determine what the zoning is for your proposed lot. Then the key documents you need to look for are the Planning Codes (DCP, LEP) that relate to your site. Once you have done this call the Duty Planner at the Local Council / Local Authority & discuss what you can & can not do with your proposed site.

Town Planners, experience in your target area are experts at working out which Planning Codes apply to your property & what the mean. The other key person that prepares the subdivision plan is a registered / licensed surveyor. Both are good people to get to know & talk to early & their consultation fees are not high.

It you have a property that warrants multi lots (not a simple Strata) then talk to the Town Planner before the Registered Surveyor.

If you are considering purchasing a building & then strata titling the lots for individual sale then make sure Council are OK with your proposal before you purchase the site. Some places look fantastic for strata subdivision / subdivision on paper yet Council have different ideas for the site.

The best developers in the industry don't know the details with regard to subdivisions. They just know how to do initial research, check out planning codes on line, pick up the phone & talk to council & then pull in some key consultants (surveyor & town planner usually). These are skills you probably already have.

Sure you can become an expert in subdivisions determining optimum strata lot configuration, common property, owners corporations, stratum's, community titles, development lots, company titles etc. Maybe you want to be a "green field broad acre subdivision" specialist. But why bother. Just get clear on your outcome objectives & get the right specialists in to sort out the details for you. Go for the best you can find, then hang on to them.

Keep in mind that you make your profit when you buy, so be creative, do your figures (feasibility) & your due diligence!!!

Spend you hard earned $$$ on consultants & building your project tram rather that on becoming a consultant yourself!!!

There you go, there is a course in Subdivisions in 30 seconds & it was free!!!
 
Philip Thomas,
Thank you very much for your reply and I have started reading and getting my head around it. Really appreciate your help. Thank you!
 
Philip,
"Town Planners, experience in your target area are experts at working out which Planning Codes apply to your property & what the mean. The other key person that prepares the subdivision plan is a registered / licensed surveyor. Both are good people to get to know & talk to early & their consultation fees are not high. "
When you say the consultation fees are not high, if a quote needs to be done, how to judge whether the price is fair or not? Thank you very much.
 
Thanks for sharing the information

Thanks for that Matt,
I will watch out for your posts re the course.
All the best for your study!


I went and saw Bobs 2 hour seminar tonight.

I was pretty impressed with the course and have signed up, splitting the costs with 2 business partners, making it $1330 each.

I have 3 development projects currently underway, with around $2 million profit lined up. For me to make back the $1300 investment will only take some tiny improvement in any of the developments.

Will let you know what I think once I have done the course.

Cheers,
Matt
 
Thank you for your reply.

Agree and I don't think it's 'a walk in a park' at all.
Could you please explain a little bit more about
'Local council controls, DCPs, LEPs and the like are the best place to start. '? What 'DCP' and 'LEPs' refer to?
Thank you!

The things to keep in mind are whether or not you can actually achieve the desired outcome!

Local council controls, DCPs, LEPs and the like are the best place to start.

Know that costs will blow out. There will be delays and you need to be able to manage the costs associated with this.

I don't agree with the whole learning from buying information from others. Instead, look at sites, look at the controls of a particular site and then see what the cost will be.

I used to deal with people who thought it would be a walk in the park - buy block of land, build townhouses in 6 months, make a lot of money. Now I take a no bull approach and tell people up front what they need to be considering.
 
Hi all,

I have received the study materials and am impressed.

Comes with:
- around 700 pages of A4 notes
- 20 audio lesson CDs
- recorded 2 day seminar (8 DVDs)
- 10 CDs of expert interviews
- includes all of the contract types

My initial impression was that it would be alot of content if it was a University course.

I am attending his 3 day seminar this weekend. Will let you know how it goes.
 
Perhaps we are using different terminology. If I said a subject instead of course, would that make more sense to you?
 
Professional Fees

Philip,
When you say the consultation fees are not high, if a quote needs to be done, how to judge whether the price is fair or not? Thank you very much.

Most of the professionals charge by the hour. So if you have 3 quotes & one is much less than the other it doesn't mean the lowest fee is the best. It just means the lowest fee consultant plans to do the least amount of work.

I recommend work out who the best person is in the area you are focusing on & ask them what the cost will be to do the specific work you require. A quote is important if its a large chunk of work.

If its consulting / a small piece of work then the consultant / professional usually do it on an hourly rate. This may be $200-$300 or more. If you are dealing with legal then you are looking at $350-$650 or more.

Remember the right advice early on can be priceless.

The key is to be very clear on the scope of work (the task) you require & the questions you need answered. So you need to do your own research first.

We rely on a core team of experts & are not shopping around for deals on professional fees. We want the best people that constantly preform. The best way to find & build your core team is by referral. Choose the best people you can afford that have specific expertise in your key project area.

Remember the top 5% in any field are truly outstanding & not that different in cost to the remaining 95% that are often truly ordinary. The top people are often not working in the big organisations either, though they may have come from the top end of town.

When it comes to big chunks of work then get quotes from professionals based on a clearly defined scope of work.

When it comes to the construction stage, always get 3 quotes (tender) from appropriately experienced building contractors. In these times it's also good to check the financial position of your winning contractor to ensure they will be around for the duration of your project & beyond.
 
That applies particularly to the architect selection. A developer friend of mine just got back amazing plans for a very awkward triangular 855 sqm block.

He will get 9 units of 2 and 3 beds on it, with a great profit margin. Worthwhile paying a bit more to get the right person on your team. May cost another $30k in fees, but payoff 10 fold in profits.
 
He will get 9 units of 2 and 3 beds on it, with a great profit margin. Worthwhile paying a bit more to get the right person on your team. May cost another $30k in fees, but payoff 10 fold in profits.

10 Fold profits ,do you mind giving us a breakdown on the cost of the block-da-demo too lock-up stage with the for sale sign out the front,i know a few sideshow developers in inner Brisbane and not one would make that statement about 10 fold profits most come out the other end with nothing..but every market is different within 10 klm's centre radius..
 
I think you should re-read what I said. The 10 fold return was on the extra spent on the right architect, i.e. an extra $300k profit from the right design. This particular project was in Gladstone, plenty of demand and great profits. He purchased the land for $500k. The 3 bed units in a central location with views will get $600k+, 2 beds $500k+

Day 1 of the programme has been really good. Definitely profits to be made, even in Brisbane.
 
Agree and I don't think it's 'a walk in a park' at all.
Could you please explain a little bit more about
'Local council controls, DCPs, LEPs and the like are the best place to start. '? What 'DCP' and 'LEPs' refer to?
Thank you!

Sorry. Didn't see this until now.

As you ate in qld the terminology is a bit different. Council controls basically.

I do a fair bit of site feasibilty work. Working out controls and seeing where envelopes can be pushed. A good planning argument can make the world of difference.

Had a job where the council standards allowed for 20 lots with a minimum lot size of 500sqm. I managed to get another 6 lots through a strong planning argument.

I think the 10k fee for the client was a good investment.
 
Excellent course

Just finished the 3 day course. Note that I already have experience as a developer and was using the course to try to take myself to the next level. For this purpose it was fantastic! Bob's 30 years of developing experience really showed in his approach and the achievements of his students.

For me with significant knowledge already, I would have known 90% of the content, but it is always good to receive confirmation of what you think you already know. The extra 10% translates into the key additional expertise that will make a huge difference on some of my future developments and pay for itself many times over. For the money I spent and as someone who is already a very committed developer, I would expect that the additional knowledge could easily lead to an extra $500k-$1M profit in the next few years.

Some of the concepts that were introduced have the potential to double the profit on a development and with that improve the deal so much that you wouldn't need to get a money partner onboard. Essentially it could allow you to retain as much as 4 times the profit on a deal.

While it was extremely useful to me, it was also great for those that don't have experience yet. It covered everything you need in 3 packed full days.

I have been attending free and inexpensive property conferences for years and have been reluctant to part with alot of money to do a full conference or mentoring programme. For the $4k cost you get all the materials including all the contracts you need for all of the strategies he teaches, including right up to complex strategies for more experienced operators, like running your own development syndicate.

You get to bring someone else for free. Ideally, find another person who wants to do it, split the course costs and materials. For $2k each it is a bargain.

It has taken me many years to eventually realise that developing is a superior strategy, that the average investor can actually do successfully. Buying wholesale, selling retail is a fantastic way to do things. No need to rely on market led growth, it is simply a bonus. You don't even need huge chunks of cash. I did my first development using just $70k to make $500k and a 16% yield on development costs. (See this thread http://somersoft.com/forums/showthread.php?t=79957)

Bob even teaches strategies of doing JVs with money partners or land owners, which allow you to do deals with none of your own money in them. I already have 2 JVs with money partners underway and could have easily set up more through the contacts I made at the seminar if I had wished. (Unfortunately I still have an annoying fulltime job getting in the way... but not for much longer). There were about 100 people at the Sydney conference.

To summarise, I would highly recommend Bob's course to anyone who wants to get ahead and make hundreds of thousands of dollars on every property deal they do from now on, without relying on market movements. This was the course that I had been searching for, but was unable to find until now.
 
Any more seminars coming up?

Hi Matt great review of Bob's seminar,really would like to give it a go think I would get alot out of it.Anyone know of any coming up in the future (does not matter where am willing to travel)have contacted the website no response as yet:(
 
MattNZ

Hey MAtt,

I am seriously considering doing Bobs development course. I am an investor with decent success but nil experience in developments,

Do you honestly think starting from scratch Bobs course will benefit me?

Thanks

Sesster
 
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