Group Property Mentoring Program
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Transcript of Group Property Mentoring Program
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Sick and Tired of Working 9 to 5 with Nothing to Show for It???
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Do You Want To
• Retire Early?• Invest In Property?• Not Have To Worry About Money?• Build And Create Wealth?
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Do You Want To
• Learn How To Build A Property Portfolio?• Locate And Research Great Deals, Easily?• Minimise Your Risk?
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What About
• Create Immediate Equity?• Buy At A Discount?• Locate Positive Cash Flow Deals?• Find Great Renovation Opportunities?
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Agenda
• Information evening
• Interactive – I will ask you questions
• Current reality for the majority
• Money and Investing
• Overview of the Program
• Challenge you beliefs
• Share some of my ideas and experiences
• Investment concepts
• Why Property
• Next Steps
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The Traditional Way
• Work Hard
• Spend Frugally
• Spend Less Than You Earn
• Avoid Personal Debt
• Pay Off Debt ASAP
• Treat Savings As A Necessity
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So Why Do
• 95% of the population by age 65 either end up dead, dead broke, relying on a government pension or in need of their family to help support them?
• Only 4% become financially independent, able to stop work and continue to live a comfortable lifestyle?
• A tiny 1% are classified as rich?
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Australian Households are currently spending 2.3% more
than is coming into the average household each week in income
• AMP.NATSEM Income & Wealth Report Issue 9. November 2004
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Median Annual Savings per Person
• AMP.NATSEM Income & Wealth Report Issue 25. April 2010NATSEM estimates based on HILDA data
$300
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Rich or Poorthey all have money problems
Its just a case of
• Not enough money
OR• Too much money
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Rich or Poorthey all have money problems
Its a case of
• Not enough money
OR• Too much money
Which one do you want?
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More money doesn’t solveyour Money Problems
Financial Intelligence Solves Money Problems
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My mate “Bazza”
• Aged 45, has about $80,000 in super, earns around $60,000 and has no investments
• Wants to “retire” in 20 years• Remember he is used to living on $45,000 p.a.
after tax• At 5% return he is on track for a princely sum of
• * “Bazza” is a real person, but “Bazza” isn’t his real name
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My mate “Bazza”
• Aged 45, has about $80,000 in super, earns around $60,000 and has no investments
• Wants to “retire” in 20 years• Remember he is used to living on $45,000 p.a.
after tax• At 5% return he is on track for a princely sum of
$235,000
• * “Bazza” is a real person, but “Bazza” isn’t his real name
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Einstein’s Definition of Insanity
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The Average Person Doesn’t Know What To Do!!!!!!
• One Investment Property
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The Average Person Doesn’t Know What To Do!!!!!!
• One Investment Property
• 1,206,627
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The Average Person Doesn’t Know What To Do!!!!!!
• One Investment Property
• Two Investment Properties
• 1,206,627
• 456,954
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The Average Person Doesn’t Know What To Do!!!!!!
• One Investment Property
• Two Investment Properties
• Three Investment Properties
• 1,206,627
• 456,954
• 153,595
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The Average Person Doesn’t Know What To Do!!!!!!
• One Investment Property
• Two Investment Properties
• Three Investment Properties
• ..........• Six or more
Investment Properties
• 1,206,627
• 456,954
• 153,595
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The Average Person Doesn’t Know What To Do!!!!!!
• One Investment Property
• Two Investment Properties
• Three Investment Properties
• ..........• Six or more
Investment Properties
• 1,206,627
• 456,954
• 153,595
• 15,460
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There’s Many Challenges For Investors
Your Friendly Local
Real Estate Agents
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There’s Many Challenges For Investors
Your Friendly Local
Real Estate Agents
Bank Manager
______________________________
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Number of Renters Are Increasing
• 1981
• 1991
• 2001
• 2011 (est)
• 21%
• 23%
• 33%
• 36%
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So, you want to invest in property
The Biggest Challenge – with over 500,000 listed properties across more than 15,000 suburbs throughout Australia :
• Where do I start?• How do I find good deals?• What makes a Good Deal?• What do I need to Know?• What is the Process?• I don’t know what I don’t know!!!
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Fast Track Property Program
• Provide access to a team of experienced property investors and advisors.
• Teach Investing, its a Step by Step process.• Provide the Resources, Tools and
Education to give you the confidence to make decisions.
• Provide Ongoing Support.• Open you mind to the possibilities.• Its All About YOU!
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NO!!
• No ROI’s, PIA’s, LVR’s or DSR’s.• No High Risk, Get Rich Quick Schemes.• No Developers or agents selling their
stock.• No DIY Home Study Course.• No telling you what, where or when to buy.• No Agendas.• No Baggage.
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Rule No 1
• Don’t Teach Pigs to Sing
It wastes your time and it annoys the pig
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We can’t teach Someone who doesn’t Want to Learn
If you give someone a fish, you feed them for a day, but if you teach them to fish, you
feed them for life!
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What is the true measure of Wealth?
• It is how many days you can continue to live without the need for work.
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Two Types of Income
• Earnt Income
• Passive Income
Which one gives you financial freedom??
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8 Ways to Make Money
• Inherit It
• Marry It
• Win It
• Steal It
• Earn It as an Employee
• Become Self Employed
• Start a Business
• Invest
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3 Classes of Investors
• Non – Investors (the poor)
• Passive Investors (the middle class)
• Active Investors (the rich)
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Assets vs. Liabilities
• Assets put money in your pocket
• Liabilities take money out of your pocket
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Investment Fundamentals
• Supply and Demand
• Income and Growth
• Growth early / Income late
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Which investment would you buy?
Price is the same
Industry is the same
Company 1 = $1 profit per share Company 2 = $2 profit per share
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The only reason you buy an investment is for the income
(profit) it generates
OR
the income (profit) you think it will generate in the future
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The only reason the value of an investment increases is because of the income (profit) it generates
OR
the income (profit) you think it will generate in the future
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Why not shares/managed funds?
Investor
• We take 100% of the risk• We Invest 100% of the
Capital• We get 100% of the Losses• We get a % of the Profits
Manager/Company
• They Take 0% of the Risk• They Invest 0% of the
Capital• They get 0% of the Losses• They get a % of the Profits
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So why do we like Property?
• Cash flow
• Control
• Leverage
• Depreciation
• Capital Growth
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Market 1975 2009 Growth %
Sydney $33,000 $546,000 $513,000 8.25%
Melbourne $28,000 $448,500 $420,500 8.12%
Brisbane $35,000 $428,000 $393,000 8.36%
Perth $41,000 $470,000 $429,000 8.41%
•Source BIS Shrapnel, ABS•Due to unreliable historical data for Perth and Brisbane, we have used figures from 1980 and calculated over a 29 year period
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There’s lots of ways to make money in Property.
How Do You Want To Do It?
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Houses
Area Median Value
Capital Growth Rent Rate Sales AffordabilityStock Position
Shortage
Year Ending Mar 2011
Last QuarterMonth Ending
Mar 2011Year Change See Note 1 See Note 2
ACT $537,500 6.02% 0.01% 4.66% -3.76% 50.23% 5000
Adelaide $408,500 1.72% 0.03% 4.28% -1.86% 49.52% 7000
Brisbane $447,500 -2.89% -2.23% 4.49% -14.66% 49.28% 2000
Darwin $508,000 0.97% -1.64% 5.14% -32.55% 44.73% 1000
Hobart $389,000 5.51% 0.42% 4.83% -17.96% 53.93% 4000
Melbourne $600,500 6.73% 1.20% 3.30% 17.67% 69.78% 25000
Perth $485,500 -0.27% -0.41% 4.08% -16.18% 50.53% 7000
Sydney $670,000 4.52% -0.51% 3.97% -13.60% 68.47% 6000
Australia $441,500 2.90% -0.55% 4.37% -7.31% N/A N/A
RESIDEX NEWSLETTER, QTR ENDING MARCH 2011
Information forInformation sake
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State Suburb Best Performance last Quarter
Suburb Worst Performance last Quarter
Queensland Blackwater (U) 5.6% Helensvale (H) -6.59%
New South Wales Abbotsbury (H) 5.17 Queens Park (H) -4.31%
A C T Palmerston (H) 3.56% Gungahlin (U) -1.87
Victoria Romsey (H) 5.67% Casterton (H) -2.96%
Tasmania Mowbray (H) 3.17% Sandy Bay (U) -3.1%
South Australia Port Augusta (H) 3.93% Mawson Lakes (U) -3.39%
Western Australia Wandina (H) 6.27% Kenwick (H) -5.39%
Northern Territory Rosebery (H) 4.18% Bakewell (U) -3.99%
Best and Worst 3 month Growth by State
RESIDEX NEWSLETTER, QTR ENDING MARCH 2011 H=Houses U=Units
Markets Within Markets
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This is the part for the excuses
• I just don’t know enough to invest• I’d better to leave it to the experts• I don’t have the time• Investing, it’s just like gambling• Oh, its just to complicated• I’m to young (or old) to worry about that• I don’t have any money to get started
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And then there’s the Fear
• Fear of taking a step into the unknown• Fear of losing money• Fear of being ripped off• Fear of making a mistake• Fear of what family and
friend will think• Fear of borrowing
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The reality is that most people spend more time thinking about missed investment opportunities, what they would do if they were rich or how they would spend a lottery win then they do putting
together a plan to create wealth.
Always hoping to one day strike it rich or find the bargain of the century.
But they never actually
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TAKE ACTION
The reality is that most people spend more time thinking about missed investment opportunities, what they would do if they were rich or how they would spend a lottery win then they do putting
together a plan to create wealth.
Always hoping to one day strike it rich or find the bargain of the century.
But they never actually
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RememberEinstein’s Definition of Insanity
“If Nothing Changes,Nothing Changes”
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What will the Fast Track Program do?
• Set some goals and priorities
• Analyse spending and make some commitments
• Review strategies and costs
• You will learn how to locate and research great deals, easily
• Minimise your Risk
• Teach you to make informed decisions, quickly
• Discover the benefits of investing using your own super fund
• Access a comprehensive 24/7 “knowledge” centre for all your property questions
• Show you how to save time and money
• Hold you accountable
• Provide access to over $6,500 of resources
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What will the Fast Track Program do?
• Learn how to create immediate equity by finding people who will sell their property well below market value
• Have your properties pay you week in week out, find real positive cash flow deals
• How to add big profits with subdivision and strata titling opportunities
• Generate quick chunks of equity through renovation projects
• Opportunities through “Off the Plan” purchases
• The anatomy of a “hot spot”
• Locate and research great deals, easily
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One on One Fast Track $6,500 + GST(3 day intensive)
Group Fast Track $4,500 + GST(12 week program)
Fast Track Program
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12 week program starting 15th November
One on One Fast Track $6,500 + GST(3 day intensive)
Group Fast Track $4,500 + GST(12 week program)SAVE $1,000
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12 week program starting 15th November
One on One Fast Track $6,500 + GST(3 day intensive)
Group Fast Track $4,500 + GST(12 week program)SAVE $1,000
SPOUSE/PARTNER
COMES FREE
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12 week program starting 15th November
One on One Fast Track $6,500 + GST(3 day intensive)
Group Fast Track $4,500 + GST(12 week program)SAVE $1,000
SPOUSE/PARTNER
COMES FREEBRING A FRIEND
pay $3,450 each
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12 week program starting 15th November
Group Fast Track $3,950(normally $4,950)
Spouse/Partner comes Free(normally $500)
Bring a Friend & only $3,450 each