Property Mastermind Podcast with Bob Andersen & Hilary Saxton Bob & Hilary - Property Mastermind

In this week’s episode, Hilary and Bob discuss when due diligence goes wrong. They share case studies where due diligence went wrong and unpack the importance of thorough due diligence in property development. So join us in this week’s episode where you will learn from one of the most experienced property developers, helping you avoid costly mistakes! 

Resources:

To register for our free upcoming Masterclass, click here: https://www.propertymastermind.com.au/property-development-foundations-masterclass/

To learn more about our Joint Ventures Workshop we have coming up, please click here: https://www.propertymastermind.com.au/joint-ventures-workshop/

More Episode Info: 

Due diligence is a crucial step in any property investment or development process. It involves thoroughly researching and analysing all aspects of a potential development to ensure that it is a sound and profitable opportunity. Before diving into property development it is extremely important to know the significance of due diligence and the consequences that can occur when it goes wrong.

There are several key points for thorough due diligence to avoid potential pitfalls and risks. This includes researching the property market, conducting property inspections, reviewing financial documents, and assessing potential risks and challenges. By taking the time to thoroughly investigate all aspects of a potential investment, investors and developers can make informed decisions and mitigate potential risks.

 

Episode Highlights:


Explanation of Due Diligence [05:03]


Case Study: Mining Subsidence [07:00]


Case Study: Real Estate Agent and Flooding [10:55]  


Importance of Checking Zoning [15:02]  


Case Study: Stormwater Issues in Large Developments [21:02]


Case Study: Competitor's Due Diligence Failure [25:29] 


Lessons from Due Diligence Case Studies [27:06]


Importance of Feasibility for Financing [31:14]


Conclusion and Final Thoughts on Due Diligence [33:03]

 

About Hilary Saxton:

Hilary Saxton is a performance and mindset strategist who motivates, trains, and coaches people who crave knowledge and success in their property and business life. Hilary has had a varied career in property and business spanning at around more than 25 years now. She takes an honest, upfront approach towards both people and process issues. Hilary provides solutions through incremental and transformational change that delivers the success her clients both want and need.

 

About Bob Andersen: 

Bob Andersen (known in the property industry as “The Deal Maker”) is a Property enigma. When it comes to creating financial freedom for his followers, his “thinking” is refreshingly simple. He has the ability to make the seemingly complicated, uncomplicated. Bob has changed the lives of so many people by training them to use property development as a vehicle to build substantial cashflow and long term wealth. This in turn, has given them control over their lives and a lifestyle they could previously only dream about. It has been said that Bob has created more property millionaires in Australia than any other educator / mentee out there through his highly acclaimed property development courses. Thank goodness for Bob! Because there are way too many so-called Property education experts out there. Several, even past students, have ‘borrowed’ Bob’s material in an attempt to ‘be Bob’. As Bob says, “I must have done something right, but you can’t ‘borrow’ over 35 years of experience and over $1 billion worth of projects spread across all states of Australia and in all stages of the property cycle”. 

 

 

More Resources:


To contact us about our investment opportunity, please email admin@propertymastermind.com.au or phone 1300 729 550
If you’re interested in winning a free copy of the book “Secrets of Property Millionaires Exposed”, go ahead and leave a comment or send me an email. We’d love to hear from you!
If you liked thi

In this week’s episode, Hilary interviews Dan King, a successful property developer who transitioned from working full-time to full-time developing. Dan shares his journey, from starting as a spray painter to becoming a thriving property developer. He discusses the importance of tenacity, education, and starting early in the property development industry. Dan's story is a testament to the fact that anyone can achieve success in property development with hard work and the right mindset! 

 

More about the episode: Dan King, a property developer who transitioned from full-time work to full-time development. He provides a fascinating insight into the journey of a determined individual who pursued his passion for property despite not having any family background in the field. Dan's story is not only inspirational but also serves as a valuable lesson for those looking to make a similar transition.

 

Dan's interest in property dates back to his teenage years, where he found himself drawn to real estate magazines and the potential opportunities that property development offered. Despite not having any direct influence or guidance from family members, Dan's passion for property remained strong, leading him to save up $13,000 from his job as a spray painter to kickstart his journey into property developing.

 

Resources: 

To learn more about our Joint Ventures Workshop we have coming up, please click here: https://www.propertymastermind.com.au/joint-ventures-workshop/

Or to speak with us directly, click here: https://www.propertymastermind.com.au/schedule-an-appointment/



Episode Highlights:


Dan King's Background and Transition to Property Development  [02:02]


First Property Investment [03:18]


Early Work Ethic and Persistence [05:30]  


Transitioning to Full-Time Property Development  [06:10]  


Lessons Learned from Trading Losses  [09:36]


Sacrifices and Fast Progress in Property Development [11:54] 


Most Proud Achievement in Property [16:19]


Advice to Younger Self  [18:01]


Final Thoughts and Summary  [20:22]

 

About Hilary Saxton:

Hilary Saxton is a performance and mindset strategist who motivates, trains, and coaches people who crave knowledge and success in their property and business life. Hilary has had a varied career in property and business spanning at around more than 25 years now. She takes an honest, upfront approach towards both people and process issues. Hilary provides solutions through incremental and transformational change that delivers the success her clients both want and need.

 

About Bob Andersen: 

Bob Andersen (known in the property industry as “The Deal Maker”) is a Property enigma. When it comes to creating financial freedom for his followers, his “thinking” is refreshingly simple. He has the ability to make the seemingly complicated, uncomplicated. Bob has changed the lives of so many people by training them to use property development as a vehicle to build substantial cashflow and long term wealth. This in turn, has given them control over their lives and a lifestyle they could previously only dream about. It has been said that Bob has created more property millionaires in Australia than any other educator / mentee out there through his highly acclaimed property development courses. Thank goodness for Bob! Because there are way too many so-called Property education experts out there. Several, even past students, have ‘borrowed’ Bob’s material in an attempt to ‘be Bob’. As Bob says, “I must have done something right, but you can’t ‘borrow’ over 35 years of experience and over $1 billion worth of projects spread across all states of Australia and in all stages of the property cycle”. 

 

More Resources:


To contact us about our investment opportunity, please email admin@propertymastermind.com.au or phone 1300 729 550
If you’re interested in winning a free copy of the book “Secrets of Property Millionaires Exposed”, go ahea

Clarifying financial goals and assessing risk are crucial steps in the process of investing in property development. These steps help individuals determine what they want to achieve with their investments and understand the level of risk they are willing to take on.

 

When it comes to clarifying financial goals, individuals should ask themselves questions such as: What am I looking to achieve with my investments? Do I have short-term or long-term financial goals? Am I looking to generate passive income or build wealth over time? By answering these questions, individuals can establish clear objectives for their investments and create a roadmap for achieving their financial goals.

 

In this week’s episode, Hilary and Bob talk about what to do if you have money to invest but don’t know where to put it. They dive into the important considerations for investing in property development projects. They cover topics such as clarifying financial goals, assessing risk tolerance, and the significance of conducting due diligence before investing. So if you’re curious about joint ventures and creative strategies in property development you won’t want to miss this week’s episode! 



Episode Highlights:

 


Have money to invest but don’t know where to put it?  [01:23]


Upcoming Joint Ventures Workshop [03:36]


Understanding Investment Goals and Objectives[05:02]  


Joint Ventures and Profit Sharing  [06:25]  


Types of Investment Structures and Returns  [09:35]


Impact of Past Experiences on Risk Tolerance [14:01] 


Importance of Asking the Right Questions [19:42]


Tips for Creating Effective Information Memorandums  [24:34]


Recap of Joint Ventures Workshop and Key Points [28:44]


Listener Question: Estimating Costs for Underground Car [30:08]


Types of Underground Parking and Costs [33:10]


Advice for New Property Developers [36:56]


Wrap-Up and Farewell [38:23]

If you would like to learn more about our upcoming Joint Ventures Workshop please click here https://www.propertymastermind.com.au/joint-ventures-workshop/
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In this week's episode, Bob and Hilary discuss Joint Ventures, the good, the bad and the ugly! They break down the things you need to know to ensure you have a great outcome, things to look out for to ensure things don't go bad and of course, how to stay away from 'the ugly joint ventures'. This episode is very useful and we hope you enjoy the listen. 

To learn more about our upcoming Joint Ventures Workshop, click here: https://www.propertymastermind.com.au/joint-ventures-workshop/

To access our Property Development Masterclass, email admin@propertymastermind.com.au 

To learn more about Hilary Saxton and her book, 3 Wines In, click here: https://hilarysaxton.com/3-wines-in/
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In this week’s episode, Hilary talks about how your relationship with money will impact your life. Hilary shares personal insights and experiences, highlighting how our subconscious beliefs about money can influence our behaviour. She unpacks the common misconceptions about money and its role in our lives. So if you are stuck in a negative money mindset you won’t want to miss this week’s episode! Join us to gain valuable insights and practical tips for a healthier financial future!

 

To register for our upcoming Joint Ventures Workshop in Sydney, click here: https://propertymastermind.activehosted.com/f/134

 

More Podcast Info From Property Mastermind: So, you know how our attitude towards money can totally shape our future success, right? It's a deep-seated thing in our brains that affects how we deal with cash and make financial choices.

Our upbringing, what society tells us, and even our own habits can play into this whole money mindset thing. Basically, if we're stuck in a negative money mindset, like constantly splurging or holding onto every cent like it's the last, it can seriously mess with our financial game.

But here's the kicker: we have to be aware of our mindset towards money.

Once we clock where our money beliefs are coming from, whether they're helping us or hurting us, we can start making changes. There are strategies, like being thankful for what we've got, flipping negative thoughts, and surrounding ourselves with positive money vibes to level up our mindset that can help us break the cycle of our money mindset.

This episode is also available on Youtube, Apple and Spotify. Search "Property Mastermind Podcast with Bob and Hilary" to learn more.
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Property development is a lucrative investment strategy. One way to accelerate your property development success is through Joint Ventures. Joint Ventures involve partnering with other investors or developers to pool resources, access additional capital, share risks, and leverage each other's expertise and networks. This can help take on larger projects, move faster, and achieve greater success in a shorter amount of time.

In this week’s episode, Hilary and Bob discuss how to use joint ventures in property development. They share insights on why joint ventures can be a game-changer in the property industry and provide tips on how to leverage them effectively. So if you’re ready to take your property development to the next level, you won’t want to miss this week’s episode! Learn from the industry's best and discover the secrets to being a successful property developer.

 

Resources: To register for the Joint Ventures event, please click here: https://propertymastermind.activehosted.com/f/134

 

Episode Highlights:

Bob’s tip of the week [02:28]

Using joint ventures for development [06:26]

Joint venture partnership models [12:11]

Creative property development strategies [20:39]

Equity partnership dynamics [33:14]

Impact of communications in partnerships [35:57]

Having investors lined up [41:45]

Setting up property structures [45:16]
See omnystudio.com/listener for privacy information.