Course Outline

Module One

1.1 Disclaimer

1.2 Goal setting

1.3 What is holding you back right now

1.4 How to deal with people around you

1.5 Changing your mindset about money

1.6 Creating the right team around you

1.7 Homework

 

This session captures your thoughts, your feelings, your hopes and dreams. It will highlight to you where your areas of opportunities are. We see far to often people who have started a reno or have a property portfolio and don’t know why they are doing it. So when it gets hard ( and it always does ) then its so easy to just give it up.

This session can be light hearted or it can be deep, depending on who you are and what you need at the time. We make sure that your vision board is constructed to remind you everyday why you are doing the things you are doing.

Most people say “I want to get out of my job” that’s my goal… well think again!!! What will you do with that time if you no longer had to work, that becomes your real goal. If you cant see it, it will not happen.

We focus on your circle of infulance. Who’s in it, what their thoughts and feelings are. We work through how to handle the negative people and make sure that you are equip to handle any confrontation that may arise. Not to mention the positive people who may be headed down a different path to you, but they know best!!

We work through how you view money and what money means to you. Many people will sabotage themselves without even knowing it. We work to prevent this

By the way this is not a councelling session!! Its just we need to make sure the program is right for you and not just wasting all of our time. We love to see you succeed, but you have to allow yourself too first….

 

Module Two

2.1 Capital growth

2.2 Land to building ratio

2.3 Business v’s Investment decision

2.4 Aggressive v’s Conservative strategy

2.5 Funding the portfolio

2.6 Exit strategy

2.7 Homework

This session is predominately about risk. How to minimise your risk

We know that people have a range of education. We cater for everyone, we may race through some parts and then go really slowly on others. That’s the key to this program its tailored to you and your learning.

We do however ensure that we walk you through all the elements. Its sometimes surprising when we sit with clients who have four or five properties, but don’t know the reason behind their fast or slow capital growth. They have just concentrated on how much they could afford and what they would like to live in.

This session teaches you about capital growth and how it works. Of course there are no guarantees, but there are a few ways to ensure you get a good result.

What we pride ourselves on is that we teach you about each kind of property and then YOU get to decide with all the knowledge what you would like to concentrate on… this ensures that if you chose to change strategies in a few years time, then you don’t have to come back (that’s if you have left!! ) for the rest of the information.

Many people buy an investment property and think they will hold onto it for ten years and then sell it, so why would I need to know about the market now. Im not selling now!! We teach you about your worst case scenario… what happens if……. Your exit strategy is more important then how can I fund it, how can I buy it or how can I develop it. We need to know, when to sell, how to sell, how long its going to take to sell and can I sell….

Module Three

3.1 Costs to hold a property

3.2 Working out the plan ( without property selection )

3.3 Capturing current financials

3.4 Using the investment calculator

3.5 Homework

3.6 Supporting document checklist

Numbers Numbers Numbers…. Planning planning planning

Things change consistently in life and we need to be able to adapt to that. Building your plan is not as important as “ How to build a plan” it is essential that when you walk away from this session that you the who, what, where, how and why….

You will be able to number crunch any property and know how and when to add to your portfolio.

We look at your current financal situation and ensure that we can move it into the direction you want it to go. Then the How do we do this begins!!!

We give you access to our investment spreedsheets that we live by. So we teach you how to do it manually and then give you the calculator…

This then allows us to start the process of securing you a pre approval for a purchase….

 

Module Four

4.1 Tax entities, depreciation, negative gearing, and capital gains

4.2 Your plan

4.3 Fundamentals of lending

4.4 Application flow with a bank

 

This Module is about understanding the different ways to purchase property and the best way for your wallet. This Module is designed to give you an overview of what and why you may decide to purchase in another entity other then your own. You may never need to use one ( depending on your accountants advise ) but you will understand how they work and why you would or wouldn’t need one.

Negative gearing is good for some people, but for others not so good. We can sometimes get caught up in trying to save our 30% in tax that we forget that we have to spend the $1 to get the 30c back.  we need to make sure we are making a good all round decision. Here we teach you about depreciation, about capital gains and income tax. But most of all we teach you that its money we are out to make not reducing our tax bill…. That’s just a bonus

We also go through Lending. There are many properties out there that look great on the surface, but it’s only when you know what to look out for you can see why they are so cheap!!! We teach you what the banks are looking for and why or why they don’t lend to certain locations or on certain types of properties…

 

Module Five

5.1 Strategies

5.2 Numbers

5.3 Types and locations

5.4 Your properties

5.5 Information tools

5.6 Preparation for field trip

 

Numbers, Number, Numbers and more Numbers

It all about the numbers…. We go through how to calculate ( with out a calculator and with one) how to work out numbers on a Buy and Hold, a Buy renovate and sell and a buy renovate and hold.

Its funny I get told often that “you shouldn’t renovate your property until your about to sell it”. Well in a way that is right (but only for one set of people) we tend to lose sight of what is right for us is not what is going to be right for someone else. Here we teach you why. What is right for each property and for each strategy, this is essential as your plans, goals and your personal situation will change over time, but this education will stay with you. Once you have learnt the info, you just need to refer back to your manual for a refresher…

We go through why you would buy and why you wouldn’t buy each type of property. This is a huge session but key to you property selection.

We will review your property portfolio ( if you have one) and see what you are doing and what you could do a little better. This process sometimes shows that you when you through everything in together eg. Capital growth and negative gearing that you are paying your tenants to live in your house….

We teach you where to go for the information. Where to find it, how to double check it and why you need to know it…

Then we prepare for the field trip…..

 

Module Six

Simple Module - Field trip

We go out in the field and view a minimum of Five properties. We walk through them, we touch them we feel them, we practice what to say to the agent and the questions we need to ask. We look at fixtures and fitting, how the properties are presented for sale.  We look at the potential the property has for both increase capital growth and for increased rental return.

We gather as much information on the area as possible ready to analysis in the next Module

This is a great day out, it brings to life all that you have learnt so far...

 

Module Seven

Field trip review.... we work through everything that we have seen on each property.  what are the pros and the cons and how does this effect your plans and your property portfolio.

It is really important to always remember that you may have set an ideal property in your mind, but one comes alone and you decide to go in a different direction.  That is what it a all about.... you come fully armed with all your infomation and say I have decided to do this because of this, this and this....

 

Its normally at this point that we have a " im so proud that you have got it...." moment

Your home work for next Module is go out and do it again on your own

 

Module Eight

8.1 Your field trip review

8.2 Your questions

8.3 Ways to purchase

8.4 Offer

8.5 Contract of sale

8.6 Home work

This Module we review the properties you have seen. Analyse them, discount what you need to and focus on what info you still need to find. We go through all your question. When you go out on your own and trying to remember everything from last time, its hard. So we spend time on reviewing everything that you need too...

We review a contract of sale, whats in it, what to look out for and how to find relevant information.  We go through how to purchase a property, for example on an Option or a long settlement to gain early access, private sale verses an Auction.  Sometimes your offer can make or break your deal...

 

Module Nine and Ten

 

Nine and Ten are your choice sessions.  We leave them for you to use throughout your journey.  You may like to add an additional field trip, or recover your numbers.  The choice is yours