Partnering for Property Success (KPMG) + 1 Into 7 Townhouses (Casandra & Mauro)

***RSVP PROCESS - CRITICAL INFO***
Please be aware, we don't use the Meetup website to take RSVPs, so you will need to register on this link to lock in your place (bookings essential) - https://propdev.info/uMvs

We run events most weekends around Australia so you can attend either physically in your local area, or live-stream to any event around the country.

In-Person: 1:30pm (Sydney time) to 'Mingle With The Expert'
Virtual: 2pm (Sydney time)

INTRODUCING THE INDUSTRY EXPERT:
Partnering for Property Success! KPMG (Amanda Coneyworth)

Your property development looks profitable.

But what happens when the money runs out?

You’ve found the site. The numbers stack up. Your project is underway

Then costs blow out. Funding gets tight. Your lender wants answers, and suddenly you need more capital to get the project across the line. The deal that looked so promising is now putting your money, your timeline and your profits at risk.

Many mum-and-dad developers assume they can simply inject more money, secure additional funding or find a way through. But what if the shortfall is bigger than expected? What if your forecasts are wrong, or your lender takes control of critical decisions?

Because when a development comes under financial pressure, the decisions you make and how quickly you act can determine whether you save the project, restructure your finances or face a forced sale

So, would you recognise the warning signs before your project becomes a financial crisis? And would you know what options are available to protect your investment?

At our next Property Developer Network Meetup, Amanda Coneyworth from KPMG will present Property Deals Under Pressure: How to Spot Trouble Early and Preserve Your Options.

You’ll gain insights into:
· The early warning signs that your development is heading into financial trouble
· What good financial reporting looks like and how to understand your true financial position
· What happens when funding runs out or additional capital is needed
· Your options to rescue, restructure or exit a struggling project
· Common mistakes that can destroy value and limit your options
· What to consider before entering a money partner arrangement

Most importantly, you’ll learn how to stress-test your project’s finances, assess your remaining funding and identify potential problems before your options narrow.

Because successful property development isn't just about finding the right deal. It's about protecting your investment and knowing what to do when the numbers stop working.

INTRODUCING THE REAL DEAL:
1 into 7 Town House (Cassandra & Mauro Buono)
1600m2,R3, Hornsby, New South Wales

You’ve found the property.

You’re planning a three-lot subdivision.

You’ve done your homework.

Then the site gets rezoned.

Suddenly, you can build seven townhouses instead.

Happy days, right?

Then development reality kicks in.

Stormwater easement approvals. A builder with other priorities when you're at peak debt and poor paperwork resulting in over $300,000 in unexpected variations.

Suddenly, what looked like a great development opportunity becomes a whole lot more complicated.

Here’s what many mum and dad developers don’t realise:

A great deal can still go wrong if you don’t keep control of the build.

Mauro and Cassandra Buono experienced exactly that with their townhouse development.

Originally planning three houses, rezoning opened the door to seven townhouses. They found a good private lender and benefited from a market where townhouses were in short supply.

But when their builder failed to deliver, Mauro had to roll up his sleeves, get hands-on and help push the project towards completion.

So what went right? What went wrong? And what would they do differently next time?

At our next Property Developer Network Meetup, Mauro and Cassandra will share:
• How they found the opportunity and secured the site
• How rezoning transformed the project from a three-lot subdivision to seven townhouses
• How they sourced private funding
• The costly lessons of unexpected variations and poor builder paperwork
• How they dealt with builder delays and stepped in to get the job done
• And the key lessons they learned along the way

Because property development isn’t just about finding a great site.
It’s about managing the risks, controlling the costs and knowing what to do when things don’t go to plan.

Join us for this event and progress your property journey forward in our very unique Mastermind process!

See you all soon!