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

In life, there are rules to everything, and property development is no exception. Just like following a recipe can lead to a successful meal, following the rules of property development can lead to a successful project. 
A key point of following the rules of property development can make the process easier and increase the chances of a successful outcome. By following these rules, property developers can set themselves up for success and avoid potential pitfalls.
In this week’s episode, Hilary and Bob talk about the rules of property development. They highlight the importance of being true to yourself in property development and how loving what you do is key to success. So if you want to excel in property development, you won’t want to miss this week’s episode! Join us and learn how to maintain balance, embrace change, and set realistic goals in property development! 
 
Episode Highlights:
Bob’s tip of the week [01:36] Life Rules and Property Development[02:34] Rule 1: Be True to Yourself [04:54]  Rule 2: Treat People with Respect [10:30]  Handling Difficult Situations with Builders  [15:32] Rule 3: Take Responsibility [20:46] Rule 4: Pursue Continuous Learning and Growth [25:38] Keeping Up with Market Trends and Finance [29:12] Rule 5: Maintain Balance in Your Life [30:19] Rule 6: Embrace Change and Adaptability [31:09] Rule 7: Build and Maintain Healthy Relationships [34:11] Rule 8: Take Care of Your Health [36:21] Rule 9: Giving Back to the Community [37:35] Rule 10: Setting Realistic Goals [38:08] Conclusion and upcoming workshop [39:13]  
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In this week’s episode, Hilary and Bob talk about, do you have what it takes to be a property developer? They dive into the basics of property development and highlight key qualities and resources needed to succeed in the field. They remind us that the success in property development requires a mix of talent, obsession and tenacity. So if you’re ready to take the leap into property development, check out this week’s episode where you can learn how to harness these qualities!

Resources: 
To learn more about Empower Her Investments, email Hilary: hilary@propertymastermind.com.au
Or to speak with us directly, click here: https://www.propertymastermind.com.au/schedule-an-appointment/

Episode Highlights:
Importance of Education in Property Development [04:27] Success Stories in Property Development [07:45] Changing Lives Through Property Development [10:29]   Importance of Due Diligence and Feasibilities [12:55]   Understanding Market Needs [16:44] Doing Property Development Despite Fear [20:15]  Overcoming Initial Challenges in Property Development [23:00] Tenacity in Property Development [28:50] Connecting Obsession with Your Why [35:02] Summary and Key Takeaways [41:10]  
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Finance for property development can be a complex and confusing topic for many property developers or investors. It’s important to understand the differences between property developing and property investing when it comes to finance. There is one common question that property investors often have: how can they finance a property development when they have limited serviceability but sufficient equity?
 
Many people who are new to property development may not fully understand how finance works in this context. They may be familiar with obtaining loans for their primary residence or investment properties, where serviceability is a key factor in determining loan approval. Serviceability refers to the borrower's ability to repay the loan, typically demonstrated through income verification and financial statements.
 
In this week’s episode, Hilary and Bob discuss how you can finance a property development. They highlight the common confusion between property developing and property investing when it comes to finance. They also share insights and tips to help property investors navigate the complexities of financing property development successfully. So if you feel confused about the difference between property development and investing when it comes to finance, you won’t want to miss this week’s episode! 

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:
 
Common Confusion: Property Development vs. Property Investing [01:56] Understanding Retail vs. Commercial Finance [03:37] Tapped Out Investors and Serviceability Issues  [05:54]   Equity and Serviceability in Property Development  [08:18]   Capitalized Interest in Commercial Loans  [10:04] Accessing Equity in Principal Place of Residence (PPR) [12:00]  Using Unencumbered Property as Equity  [14:25] Using Investment Properties as Equity  [17:01] Joint Venture Workshop Announcement [19:13] Advice for Aspiring Property Developers [22:00] Encouragement and Final Thoughts [26:07]  
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Taking action and believing in yourself are two key components to achieving success in life. It’s important to set clear goals, understanding one's values, and taking action to move forward towards one's desired destination. It’s also important to know the significance of self-belief and positive self-talk in overcoming obstacles and achieving success.
 
One of the key points is the importance of taking action. We  need to stop procrastinating, being indecisive, and getting distracted, and instead,  take decisive steps towards achieving our goals. It’s important to set daily goals, setting deadlines for decision-making, and staying committed to your goals. By taking consistent action and making progress each day, you can move closer to your desired outcomes.
 
In this week’s episode, Hilary talks about how to get to where you want to go. She shares strategies for achieving success in all areas of your life. Sharing insights on tracking your progress on your property development journey and how to apply these strategies to health, wealth, relationships and more. So if you’re struggling to stay on track with your property development goals, join Hilary in this week’s episode and gain the knowledge you need to start making progress towards your goals! 

Resources: 
To register for our Goal Settnig Session on Monday 8th July at lunchtime, click here: https://mailchi.mp/hilarysaxton/mid-year-goal-setting-session-w-hilary-saxton-2024
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:
 
Setting goals and tracking progress  [02:03] Clarity, belief, action (CBA)  [03:06] Identifying missing ingredients  [04:20]   Importance of clear goals  [05:12]   Understanding personal values  [05:54] Personal motivation and values  [10:05]  Dealing with distractions  [12:31] Overcoming analysis paralysis  [14:32] Positive self talk  [18:22] Personal stories of success [19:30] Energy and confidence [21:32] Daily goals and check ins [23:04] Mid-year goal setting session [24:15] Overview and closing remarks [25:01]  
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Property development is a lucrative business that can bring in substantial profits for those who are willing to take the risk and put in the work. However, many people often delay their property development opportunities due to misconceptions about financing options.
 
One of the main reasons why people delay property development opportunities is due to a lack of understanding about financing options. Many individuals believe that commercial finance is the only option for property development and are deterred by the perceived high interest rates associated with it. However residential finance can also be used for property development and can offer competitive interest rates that make it a viable option for financing projects.
 
In this week’s episode, Hilary and Bob talk about using residential finance for property development. They highlighted the importance of understanding the options available, such as commercial finance, and the potential pitfalls of relying solely on residential finance. Bob emphasized the significance of making informed decisions and taking action towards achieving goals, especially in the realm of property development. They also touched on the impact of interest rates and line fees in commercial loans, stressing the need for proper financial planning and advice. So join us in our latest episode and discover the secrets of using residential finance for property development! 

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:
 
Using residential finance for development  [02:27] People's misconceptions about property [04:22] Property development financing insights [10:53]   Switching from investment to development [14:37]   Residential finance pros and cons [16:53] Commercial loan interest capitalization [22:44]  The cost of doing nothing  [25:34] Making decisions in life [27:20] Line fees in commercial finance  [30:54]  
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Scarcity in property development is a significant issue that is currently affecting the housing market. The demand for dwellings, whether it be houses, apartments, or land for building, is far exceeding the supply. This scarcity is creating challenges for property developers, both experienced and new, as they navigate the competitive and rapidly changing landscape of the real estate market.
 
One of the key aspects of property development is creating dwellings for people to live in. Whether it is through renovating existing properties, subdividing land, or building new homes, property developers play a crucial role in meeting the housing needs of the population. However, with the national shortage of dwellings, developers are facing increasing pressure to deliver quality housing in a timely manner.
 
In this week’s episode, Hilary and Bob discuss the future of property development. They reflect on what's working, what's not, and how to prepare for the future. They touch on the importance of due diligence, sharing a personal incident where neglecting this led to significant fines. Despite the setbacks, they emphasize the value of thorough research in property development. So if you’re a property developer looking to stay ahead of the game, you won’t want to miss this week’s episode! 

Resources: 
To register for this Saturdays FREE 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/
 
Or to speak with us directly, click here: https://www.propertymastermind.com.au/schedule-an-appointment/

Episode Highlights:
 
Bob's Incident with Due Diligence  [00:40] Current Market Scarcity [03:37] Role of Small to Medium Developers [05:26]   Post-COVID Market Adjustments [08:59]   Importance of Education and Due Diligence [13:03] Future of Property Development [15:16]  Robotics in Various Industries [18:03] Eco-Friendly and Smart Homes [20:08] National Housing Shortage  [21:08] Final Thoughts and Upcoming Events [24:22]  
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