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Published byVirginia Boone Modified over 9 years ago
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A Real Deal In The Current Market
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How Did I Find It?
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What Trees???
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How Did I Secure It?
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Why Did I Want A Longer Settlement? How Was I Able To Get Long Settlement?
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How Did I Know I Could Develop It Into 9 Lots?
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Town Planner Civil Engineer Builders Real Estate Agents Mentors Finance Broker Valuer Accountant Solicitor Your Team Is Critical To Your Success
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Sell As Vacant Land Or Build?
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Why Did I Stage The Development?
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Summary of Figures Purchase Price $835,000 Costs (Construction, Stamp Duty, Legals, Contributions, Holding Costs GST, Commissions etc.) $685,000 Total Costings~$1,520,000 Total Sales 9 Lots $2,100,000 Profit before Tax ~$575,000 Yield ~40%
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What? No Money Down? How? Bank Funding $668,000 Investors $680,000 (Small Profit Share) Total Raised $1,360,000 Rest of Project Costs (eg GST and Agents Commission) were paid from settlement proceeds
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To Be Wealthy You Need To 1.Have A Plan 2.Be An Area Expert 3.Have At Great Team 4.Be An Ongoing Student 5.Do Things With Leverage 6.Do Things With Velocity
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Good Luck!
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