Raising Funds Through Co-Development (Adpen) + Real Deal (Allister Sarris)

Note: Our November Meetup will be held 1 week later than usual due to the Melbourne Cup Public Holiday.

Bringing together the collective knowledge & experience of your local community to assist you in progressing you on your property development journey.

We kick off at 1:00 sharp so please arrive at least 15 minutes early for registration.

This months Industry Expert will be Adam Pennisi from Adpen who will be speaking on the subject of capital raising through Co-Development in order to execute larger projects than you can do using your funds alone.

Through a range of Co-Development approaches Adpen currently has over $200m of projects underway and Adam is going to show you how you can do the same.

Adpen believe in win-win scenarios and collaborative relationships with all stakeholders. Quality and sustainability are central to everything we do, from our developments to our customer service and the outcomes we deliver. Our focus has always been to maximise returns while minimising risk for our co-developers, development partners, investors, and joint venture partners.

This month's Real Deal presentation comes from Allister Sarris from Sarris International and was a project were he developed his existing home into 2 x Townhouses with basement parking. The plan was to develop the property, sell 1 Townhouse and then keep the other debt free.

Unfortunately, the project kicked off when the GFC hit so Finance was all of a sudden hard to come by. Finding a Builder also proved difficult, and then the Builder they engaged went 'bust' 1 month in, causing unnecessary delays and further difficulties obtaining more money to fund the project, after their original Builder held onto their funds!!

Come listen to Allister as he talks through the twists and turns of his deal, he'll remind you why it's ALWAYS important to have contingency in place for unexpected set backs.

As with all Real Deals though you will learn from the experience of others within the group as they present their own deals, and see what can go right and what can go wrong in their project, what profit they projected and then what profit they actually achieved.

Annual Membership:

If you love our monthly meetings then why not join our Annual Membership program and not only get a 20% discount on attending each month, but also access a range of other benefits and discounts which are constantly growing.

To check out the benefits, or to purchase an Annual Membership, head on over to our website - www.developernetwork.com.au/annual-membership/

Social Drinks afterwards:

Don't forget that the meeting is only part of the reason to attend, the after drinks networking every month is a highlight with many a JV partner or deal found over a beverage or two.