From One Title To Multiple Profits (ONF Surveyors) + 3 Splitter (Anastasiya)
Details
***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/uLuO
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 (Brisbane time) to 'Mingle With The Expert'
Virtual: 2pm (Brisbane time)
INTRODUCING THE INDUSTRY EXPERT:
Full details about our Industry Expert presentation will be released soon..
All of our Industry Experts present on topics that are relevant to you and address the challenges that you'll face on your Property Development journey. From Town Planners and Engineers, through to Builders, specialists Financiers and Property Lawyers, each of our Industry professionals are here to play a small part on making your journey EASIER, by giving you the knowledge you need to be successful!
Come along with your notebook and pen and get ready to accelerate your knowledge today!
INTRODUCING THE REAL DEAL:
饾煟 饾槓饾槸饾樀饾槹 饾煥 饾槡饾樁饾槪饾槬饾槳饾樂饾槳饾槾饾槳饾槹饾槸 (饾槇饾槸饾槩饾槾饾樀饾槩饾槾饾槳饾樅饾槩 饾槡饾樀饾槹饾槶饾槪饾槹饾樂饾槩)
饾煡饾煝饾煝饾煝饾槷饾煠, 饾槉饾槹饾槹饾槺饾槮饾槼饾槾 饾槜饾槶饾槩饾槳饾槸饾槾, 饾槈饾槼饾槳饾槾饾槪饾槩饾槸饾槮
Can You Turn 3 Blocks Into 6 Lots?
The truth is...
A seemingly straightforward splitter can quickly become a very different project once the unexpected starts piling up.
Most developers focus on the numbers at the start, purchase price, end values and expected profit. But the real test comes when valuations are delayed, asbestos is discovered, sales take longer than expected, or a tenant refuses to leave.
At our next Property Developer Network Meetup, 饾棓饾椈饾棶饾榾饾榿饾棶饾榾饾椂饾槅饾棶 饾棪饾榿饾椉饾椆饾棷饾椉饾槂饾棶 will take you behind the scenes of a 饾煰,饾煬饾煬饾煬饾榾饾椌饾椇 饾棖饾椉饾椉饾椊饾棽饾椏饾榾 饾棧饾椆饾棶饾椂饾椈饾榾 饾椊饾椏饾椉饾椃饾棽饾棸饾榿 where she turned three low-density residential blocks into 饾榾饾椂饾槄 饾椂饾椈饾棻饾椂饾槂饾椂饾棻饾槀饾棶饾椆 饾榾饾棶饾椆饾棽饾棶饾棷饾椆饾棽 饾椆饾椉饾榿饾榾 in this month's 饾棩饾棽饾棶饾椆 饾棗饾棽饾棶饾椆 presentation.
Purchased for $3.6 million, the strategy looked simple on paper.
But getting it across the line involved commercial funding, simultaneous settlements, free house removals, buried asbestos, valuation delays, slow lot sales and a stubborn tenant who refused to vacate bringing the project close to a QCAT application.
And then something unexpected happened.
A post-survey re-measure revealed additional land on several lots, creating more value than originally anticipated.
Despite the obstacles, the project delivered approximately $600,000 profit at around 15% POC.
Anastasiya will share:
路 How she found and structured a multi-lot splitter opportunity through a buyers agent
路 How commercial funding, prepaid interest and investor capital were used to fund the project
路 The challenges of coordinating simultaneous settlements, house removals and site clearing
路 How buried asbestos, valuation delays and a non-vacating tenant threatened the project
路 How a post-survey re-measure uncovered additional value
路 The numbers behind the $3.6M purchase and the strategy to achieve approximately 15% POC
This is a genuine, behind-the-scenes case study showing what really happens when a straightforward subdivision meets the realities of development.
If you're considering a splitter, looking for ways to uncover additional value, or simply want to hear how an experienced developer navigates the problems that can threaten your profit, this is one Real Deal presentation you won't want to miss.
Join us for this event and progress your property journey forward in our very unique Mastermind process!
See you all soon!