Module 10-11-12 Q&A Call - 04-02-2014

In listen only mode. Hello, it's Jane here and welcome to our last call for a while. Now you know the drill. Just type in hello Jane and John into your question box so we know that we are alive and kicking.

Yep.

No one's alive and kicking. This disappointment on hello, Would anyone like to type in the box to say hello? Yes, we've got a few. Guys. Tonight's Q and A call, we're going to be doing things a little bit differently. And instead of just taking questions on modules 10, 11 and 12, we're also going to be asking you about what you've learned. Yes, I did say module 12, John. That means that every single person has now got access to the entire Ultimate Guide renovation course.

Yeah, that's it.

Can you believe it? A year ago we were filming, filming, filming and here we have the first group that have gone through it all.

It's fantastic. I mean, even in the renovator network too. I mean, think about what was kind of, I guess, pipe dreams, you know, year and a half ago is now all reality.

If we have a Facebook private page, will anyone ever post? Would they really like that? These are just the questions that we asked ourselves, pondered. Now we know that you've got a lot of questions and one of the things that we do want to do differently tonight is we're really keen to hear about what you've learned. So what have been the big takeaways for you? What have been those aha moments, I just had no idea kind of realizations and this just solidified everything for me. Now we know you've had these because you've all told us privately, some of you shared them on the Facebook page, some of them shared on the webinar course. We really do want to know in a group and have some open discussion about what worked and what didn't. And one of the reasons for that is that by sharing what you learned with someone else, it might be something that they missed or it might just be something that you want to go back and review. So I really would like to chat with as many of you tonight as possible. So now's the time to work out how to use your microphone, grab that headset or swap from the iPad to the computer, call in on the phone and you know, we'll give you some instructions on how to have a chat. Take a moment. But we really would like to hear some nice happy voices, wouldn't we, Joel?

Yeah, absolutely.

Sick of talking to ourselves really, aren't we? But before I go any further, John, my co creator, of the ultimate guide to renovation here again, made it. Made it through a few hurdles today to get here.

Yeah, Family issues. Yeah. Got a dad in the hospital tonight, but he's coming good. He's just had an operation, so I was rushing back through traffic to try and make it in time.

All is good and you'll be back again afterwards. So our thoughts are obviously with him. And tonight we're talking about, you know, the big picture and where we're going to be and some of the goals and what's next. So it's all pretty exciting. Now, I do look forward to your questions and your feedback this week and I just want to get the housekeeping out of the way. If you're on your computer and you're experiencing any problems and you can't hear us or we can't hear you during the questions, you can call me. The telephone number can be found in the sidebar under the audio options drop down menu. You can call that number from a landline and mobile Skype pretty much anywhere you want these days. So when you have a question, just remember, raise your hand so I can see it. And if I am so excited that while I'm talking that I may have missed a hand and just type the hey Jane, my hand's up into the question and John and I will be monitoring that closely. So just to remind you, the handle is directly above the audio tab and it's the very top of the GoToWebinar control panel. So clicking the hand button will notify me that you have a question. When I unmute you, you'll hear a lady say my name is unmuted. That means that you are on. Give you a couple of seconds and then please ask a question once again. If you are having troubles, please write a question in. We'll read it out. If we can't talk to you so there's no silly questions, don't. Just because you don't have a microphone doesn't mean that you can't engage in this conversation. As always, make sure that you're using the Facebook group. Gosh, there's been some great conversations going on there this week. Oh, good to see floor plans. There's heaps of stuff. Great articles. Tracy's on there away motivating us. And lastly, as you've all learned by now, I'm not a technical guru. There's people who help us help you with that. Contact supportourpropertysuccess.com we haven't had any technical emails. I don't think week two so we're doing something right. Otherwise no one's that support at your copy. Success is meant by no one.

Yeah.

Okay, so now it's time to look at these three modules in a little bit more detail. We did do pun webinar a night for the first seven modules, mainly because the first six were the really big ones with those dot maps and the ice limits. And people really needed to find that. And as many people who ask renovation, I know the importance of actually finding the right property. So for me, those first six are real big ones. The other six, we know from your feedback night that you're not all the way through the module 12. Don't be embarrassed, don't be disheartened. The fact of the matter is that you have access to all 10 modules forever and you can. Well, until the computers crash and servers.

Delete, you don't have computers anymore. Chips behind the eyes or something.

Yeah, exactly. When you get your Google glasses there in front of you, how to. How to pull down the ceiling, you can watch it on because you're actually doing it.

Imagine the world of renovation courses in 30 years time. We'll have glasses that will just walk you through step by step.

I love it. Let's put that on the list for the next. So module 10. Let's have a look at module 10. It was a really, really big module. It was pretty exciting as well. It was pretty exciting because we went through a lot of the mistakes that people make in renovating and other than buying the wrong copy or over capitalizing, I think that there's a lot of things that you really just need an analysis. I said, and that buying in the wrong location, that is just so often the case. And we had a bit of a good conversation last week about back on the box, the Kelvin wasn't it property and maybe the fact that the new bright, shiny thing being added onto a property may not actually add as much value as expected if there's no disparity. So you guys now have all those tools, the words I love talking to clients at the moment. I can even quote me back.

Oh, really?

I've seen things like I want to leverage the equity of my property and use like a chart IT strategy to buy below the market and to renovate and add value in good growth areas. That's fantastic. Anyhow, buying without motion, those checklists that we provided you with, I think really assist with that. But it really gives you an idea also on what you're looking for. The buying criteria I find really just delineates what you need and with a proper investment strategy and renovation, you know that you're after pricing disparity, you know that you're after, you know, looking for a property that has potential that on the surface often you're looking for something that looks worse than it really is and you don't really want to get in and do a lot of the, the plumbing, the drainage and stuff if you don't have to. Big cost up.

Yeah. And look, sometimes the next point there is the unrenovated doesn't equal value and sometimes it's the case that it doesn't look that bad, it's just dated and on the nose. The majority of the market you find out that it's probably been re stumped 15 years ago. And you know, it's plumbing's all modern, it's got modern mains, electricity and you really don't spend much at all. It's more, you know, you might put a box on the back but the actual structure that's there is more cosmetic like we did on the cosmetic renowned.

Yeah, that's a good point. We bought a unit on Bondi beach and the six units that face the beach, the window, the front window, facing window were all the bedroom. And I can't even remember, I'm in a round numbers but let's just say that a unit above sold for 600,000 which really set the price for the other front facing wood properties facing the beach. So when our property came up, we had done the research and found that the property above had a bedroom window and an architect lived in the property that we purchased and he had moved the kitchen and the living area into the park and spent about 50 grand on re plumbing and doing all of that and the bedrooms out the back. And this Property looked at 600 people looking at compatibles but actually not getting into the debt. Yeah, work has been done.

It goes to show you how you can overcapitalize. Pretty easy too.

Made some money.

Yeah. So often the case you see those auctions where there's a plaster hanging off and everything and I know I said this before but there'll be hordes of people there because they think there's inherent value with the property being unrenovated. And often it's not the case because they don't know the numbers. And it really just comes down to realistic convertible sales.

You guys, you're on here listening to this. Now tell me, you know, have you, I guess experienced this yourself or you caught yourself out on thinking that maybe you want to do something more than really the property deserves. And has it either made you walk away from a property or has it led to the fact that the property you have doesn't deserve the attention you're about to give it? Anyone have a thought on that? No. Thinking. Lots of people online, but no, I.

Told you, and I think I said on the call before that, when I was tracking Essenin, which is the example used in the price pin map, we were tracking and tracking the prices per square meter and whether it's unrenovated, dated or renovated. And dated and unrenovated were tracking at the same price for square metre and basically for every other measurable thing. So you get places that needed restocking, had probably two or four functioning rooms selling for the same price as a property like I just described before, perhaps renovated in the 80s and it was just really tired. Yeah, tired and kind of stylistically on the nose.

Yeah. Well, talking about not being to everyone's taste, you know, there's. I pulled up a few bad renovation photos here that you might want to have a little look at whilst we're having a chat. But essentially, you know, not everyone is great at renovating and not everyone has the skills and the knowledge that you have now. But, gosh, we see so many bad examples of renovations and add examples of paint jobs and just colour schemes. I think one of the things that people really go overboard about is the colour schemes. And I've seen many a bathroom and many a lounge room, especially those old Victorians, where people are actually trying to recreate the old age. Like the. What do you call the things at the top corners.

The corners. That colours.

Yes.

I hate that.

I know it reminds me of, oh, hydro majestic in the Blue Mountains, you know, but, you know, not everyone has. Yeah, pretty much. We'll go with that. You know, your color schemes and your personal tastes should be definitely left out of any renovation plans. And, you know, I know I've been tracking on Pinterest a lot of, you know, the colour schemes and trends for 2014. None of them put into a property. So I think you really just have to be aware of what your colour schemes are, what your design criteria is, and don't get really involved with getting down to picking up the colours of the mice.

I always think when I'm doing the more contemporary ones, I just think of the one, there's a contemporary white, so it's contemporary, but it's the mildest form of contemporary because it's going to appeal to the broadest possible market. Because if you make it Too contemporary. Then instantly there's people that are going to have strong feelings one way or the other.

Yeah, which reminds me of this one that I posted up today on Facebook. They were talking about this house that's been listed post renovation. I don't know, but $3.6 million property can be called renovation. It's more a completely makeover, isn't it? But it's pretty extraordinary. And the interesting thing here is, like it or not, with its space age kind of curves and circles, everything's white. See how clean the kitchen look and how everything looks like? You know, you can put the color in, you can put the splash in there. And it made me realize that regardless of whether you're doing a $200,000 renovation in muscle book or you're doing a 2 meter renovation in Maroubra, the reality is keeping those clean white lines and keeping it nice and light is the key.

Regardless, that's great at the moment. Like the last 10 years, we had to get away with painting a house completely white. As renovators, there's nothing better.

I know.

Well, you can turn up, can't you, with your white paint and you're done. So I think that's important. Has anyone ever had any colour scheme shockers that you want to share with us? Okay, Nathan has told us that we seem a very, very long way away. Are we sounding clearer to you now, Nathan? Or maybe it's because you're on a phone. Let's just have a quick little test. Can everyone hear us? Okay.

Hello?

Okay, well, let's move on to module 11. We've looked at module 10. Oh, the sounds look great tonight. Well, let's see what we can do with that. The.

I think it's probably better now you're a little bit closer.

Okay.

Is it better now that I'm closer? I was pretty much checking out my own computer and showing some pretty pictures. Okay, so module 11, let's move right ahead. Module 11 was a really big module and it showed you how to gain access to the equity of the renovation that you created. And this is how leveraging works and how you can, I guess, build real long term wealth and. And how to select the right real estate agent to market and sell your property, or market and rent your property. The thing is, you've spent so much time and effort in finding the right property. Blood, sweat, tears, sleepless nights, a few sore palms, a few blisters in renovating property and now it's really tight time not to drop the ball. So it's really important That I guess that when we're talking about accessing equity and leverage and getting into getting the muscle out of your property, there's constant conversations going on about positive gearing and negative cash flow and negative gearing and the benefits of each. And just this week I've been asked by Money magazine to talk for the March edition about positive gearing and negative gearing and the benefits and who actually, as a particular investor would actually invest in one or the other. And I kind of told them that I didn't see with a lot of the successful investors that I'm working with these days that they were going down one strategy for every couple of properties that they may have with some really good rental yields that capitalizing on and buying capital growth properties and really offsetting and mixing the portfolio. And you can do that. This is what equity gives you, gives you the ability to grow your portfolio through having equity. It also gives you the most important thing which is the opportunity to leave. And gosh, have you seen the Australian investment API magazine as well? Shocker. Guys, get in there and have a look at it. There's this poor guy. I'm not too sure that he thinks he's poor, but 58 about retire 10 investment properties thinking he's doing it really, really good. He's got two experts in there saying you know what to do if the next step please exit. And the poor bunnar. He's got companies in, he's got copies and trusts in companies. He's got no capital gains tax exemption at all on them. He can't access any of the money. And if he sells it, he sells properties he's up for on Property, I think 200,000 or 400, sorry, 20,000 dol to 400,000 and he has to pay 100% capital gains on all of it. It's just horrible. He's someone who's worked so hard on building his portfolio and hasn't had the right finance structure to learn how to access the equity, structure it correctly so that he can actually work towards his exit. And then 58 is spending 20 years on a portfolio and then going what's my exit strategy? Is going to give you those results.

Yeah, yeah. Plenty of people have done that. So it's just you don't know what you don't know all the time. It's hard to know who to trust when you're looking around for information about stuff like that. Sorry. For people that have done that, they've done the hard yard. They just haven't set it up initially. The Right way.

We will make mistakes, let's face it. So, yes, I think there's a conversation going on about trusts on Facebook. I made that mistake. It works for some people, definitely. So make sure you work with a qualified property accountant and discuss those options before you go down that path. Now, the valuations and the value of document we have, should we have a quick look at that? Anyone have any questions about that? I think the thing about this valuation document that I like so much is that it just gives you everything that you need to actually put together the evaluation. So if you have a look at this, this is the template that's in that module 11. It goes through and it kind of steps you through, step by step, exactly what you need to be writing down, what you need to note the type of improvements. Notice there's no real cost associated with the improvements because we're talking about perceived value, some key features of the actual renovation, some remarks, and here's the most important thing, comparable sales and comparable sales that you're actually putting forward. Now, we do have some valuers on our private Facebook page. So if you do have some questions around this, ask the question. I've had, gosh, in the last three weeks I have had two valuations come back low out of the back and one of the valuations was in a high priced mining town and the people had actually lost $120,000 since they bought it 18 months ago. When making an investment of 7,800,000 and you're losing that much, you know, and losing the rental potential as well because of the change in market, you know, the value was actual. Report that came back and their commentary to justify this reduction was extraordinary. Make three pages about what's happening in the market and why not to buy there. So, you know, it's interesting, you know, so that's the valuation comparison, the valuation template. I just want to remind you that there's so much information and checklists and things that are available to you. Make sure that you know, when you get around to it, that you actually have the opportunity to go through all the checklists and the bonus material. Maybe you find that there's something missing or we haven't nailed it or there's a mistake. Let us know. Back onto using lines of credit, what else do we look at?

John?

How to build a property portfolio. Cost collateralisation. I had a conversation with a client today about this. He'd been to his Westpac bank manager yesterday. He told him that everyone, everyone who buys a property after they've accessed equity from their home has to combine the loans so that it just works better. He said, do you know what we're talking about? That's cross collateralization. It takes an animal broker maybe six weeks to refinance someone from one loan to another. It takes the form between four to six months with the same lender to uncross cross collateralized properties. My record I think is like nine months. It's on average about five months with one lender and same lender. It's just extraordinary. And banks are again very savvy about this. They know that if you have, if they have three products or more, the likelihood of you leaving them is about 10% because it's too hard to leave because you've got everything with them. So this is my mate now. So when you're a real estate agent, how important is that, John? Especially when you're selling, you've done this.

Yeah.

Have you swapped agents?

Yep. Yeah, I reckon it's really important. There's all those theories too around, you know, how hard are you going to negotiate commission, for instance? I mean one school court kind of says if they can't negotiate on their own commission, how good are they going to be negotiating with your money? Three grand or nine grand or $90. $90 difference. Yeah. So yeah, I think it's really important. But often I try and find someone when I'm selling, firstly that's personable, but two, that's that really good detective that's actually doing the hard yards, following people up, gathering all that information when they're asking all those open questions about, oh, have you looked at anything else and have you bidded on anything? And then they're passing on that information to you and saying, oh look, we've got this party and you know that they probably got up to this level. New guys that are just masters of that and other guys that are just lazy in the nat. Follow up people. Yeah, that kind of thing. I've been known to sit outside up the road in my car and watch people going in the gate through the rear vision mirror just to check up.

Haven't we all? Haven't we sent our friends in?

Yeah.

Oh yeah.

Or partners. Oh, absolutely. Actually, it's interesting having a good agent and the benefit of them. Kim put on the renovated network Facebook page a picture of the floor plan of the properties. Congratulations to you, Kim. Yeah, really good job and interesting on the floor plan too. So many good ideas coming through. And I think it was Nathan came up with a thought for her. Moving the hallway. She said, interesting. Real estate agent said that and having an agent that's actually looking at those kind of things with you as well, that's. That's someone's worthwhile to have.

I like using a stylist, too, at that point. In the furniture stuff. The one that I use all the time, she's great for helping rearrange rooms and how furniture can go in there.

Yep. Yeah, it is. It's. It's interesting, isn't it? The. I don't know. We've got a real estate agent that wins us. I would say. I must have seen the internal age during every 80. You know that great property you have in Carlton, and you're ready to sell it to me yet I've got people wanting to buy. And you'll ship them through. You'll add value as well. You'll ship them through a document with a couple of comparable sales and it doesn't matter. I'm watching that all the time anyhow. But, you know.

And.

Yeah. And that's the type of people you want working for you, marketing the property. How much would you spend on marketing property, John?

Well, the one in the structural renovation was probably 12ish.

And what did that involve? We're talking around the 1 mil mark.

Yeah.

Yeah.

And it's the magazine which really annoys me. I hate Paid to, you know, promote that.

Yeah.

Going in their magazine. I reckon that sucks thousands of dollars. But anyway, apart from that, it's necessary. And then we did. I actually made a website for it and filmed a video.

You were one of the first people I've ever seen use that website. Strategy. Yeah, for marketing. And it was actually on the board at the front, so people could actually drive past and. Yeah.

QR code on it as well. And it just. It had a kind of a menu.

For.

You know, for the features of the house and all that kind of stuff. It's kind of gone now, unfortunately, so I can't show it to you, but it's. Yeah. And also, what else do we have? We had the labels up in the room saying, you know, what was in the room and what stuff was made out of and all that kind of thing.

Did you include styling in that marketing cost? No.

So styling separate the styling. That probably was probably about four and a half. So it was quite up there too, I think. That's right. I know I've said it on the previous episode too, somewhere.

Anyway, so we'll find out if you're lying.

That's right. I've just got a bad memory of fingers. But it involved a lot of stuff with there was a lot of artwork and all sorts of things there.

Okay, well, let's move on to module 12, which is. Jeez, it's kind of a swamp sign. Hello. I'm going to be chewing. I should have cue music here. Cue the music. Well, look, module 12 was designed to build on the successes of your renovation. We realise a lot of you aren't going to get there in the next now or in the next couple of months, but you're going to be there at some stage. Please go back and have a look at this module. It's really full of so many great tips and really full of the ways to keep building your portfolio. And I know it's really exciting because I speak to clients regularly who have six or seven properties and they get bored and they go, hey, how about we try a commercial property? Because the tenants pay for all the expenses. No one get excited about them and saying that. Or let's go and buy in New Zealand because there's no statue. All these things that make them traffic. You've got a formula that works. It's kind of like a pace game, isn't it? Just keep doing it.

Yeah, do it boring. And you should beat it.

It's like Warren Buffett. If it's not anything but boring, you're doing it wrong.

But the temptation's always there, isn't it? To go after the new big thing. Or it's stimulating to learn about something new in life.

Hustle. So look, module 12, kind of in the boring stuff, but really the necessary things. Reviewing your budget, just go back over that spreadsheet which we love, best budget in town. And you know, reprice it. See what you can improve. See, you know, even create a column and putting the percentages that you are spending in the kitchen, bathroom, et cetera is a percentage whole cost. That could give you some ideas for the future.

Well, we've also checked this in module 12 for actually going through and quite. In my own.

Yeah, doing the review and I guess the building materials order.

Yeah, I like to do that. I like to try and take what I've. I've now got a list of every single item I've used on that renovation. And then I try and go away and get a better source for it. So my current one I call my control and I'll try to beat that. And that's what I'm going to use for next time. So I think we talk about it quite a bit. It's just that incremental improvement, improvement. So each time they're all Little kind of two descendants, but each time you're saving a ton of money when it comes to the budget of the next one.

Exactly. Even if it was 20 bucks, the bottle of wine, wasn't it? That's right. Trades review, the low return item audit. See, that's a bit of an eye open, that low return item audit, isn't it? Because you know, there's some things that you just kind of remember laying $6,000 worth of sewage for the outside toilet that you probably didn't need.

Yeah.

You know, and just a lot of design changes as well.

Easy traps to fall into. And I think unless you are disciplined and go back and be honest with yourself, you don't really need to do that. You don't kind of. You avoid falling into the same track next time around.

I remember Clay did that when he was beta testing the courseworks. He went back and had a little bit, what did you say? Seven out of his 14 renovations probably didn't make money. Now that he looks at it. You kind of want to know that after the second or third one, don't you? Because look, honest to God, having a property in a good growth area, you know, time can cover up your mistakes. And it's easy to look back with the kind of rose covered glasses. And the reality is prices have gone up and you can cover up maybe some shortfalls in judgment or some excessive cost over loan. But if you're really honest with yourself, the reality is that it's either reducing your growing capacity, reducing or increasing the time for you to get to your goal. I think that's the most important thing. If you're setting yourself a 10, 20, 15 year goal to do something and it's about double the time to get there. It's a whole lot more time that you have to spend doing this stuff. So, you know, really encourage you to go back, review your schedule, look at your components, review your goals. Which kind of brings us to goals. First of all, I just want to know, does anyone have any questions at all about module 10, 11 or the big final one, 12? Can anyone just put their hand up just in case they've got to module 12? Has anyone been able in the last week or to be able to keep up and do it?

1. It's interesting, isn't it, because everyone at the start wants access to all the 12 modules, but it turns out it's actually quite hard to get through. Not a week.

And that's good. Well, you know, we're still around. All right, so this is over to you guys. This is what we want to hear from you. We want to hear what are your big takeaways, what are your aha moments, what are the really exciting things that you've learned or you've seen. Now before you answer that, I'd just like to take you on a little trip down memory lane to remind me of some of the things you said before you started the course. Now John, you've been pretty busy going through hundreds and hundreds and hundreds of comments.

Yeah, I've been taking a look through the. Now I realise not every single one of you applied to be beta testers, but the majority of you did. And I've gone back through just in the last couple hours and looked at all the questions asked you in those surveys and it's been interesting just seeing some of the questions like what are the absolute must haves that you would like that would make a. Make this a quality course?

Well, what were some of the things that people said about the absolute must haves?

So the absolute must have you said. Comprehensive courses, not too expensive, straightforward, comprehensive and systematic information. An easy comprehend course with a good flow, accurate up to date in depth, real world practical material presented in a manner that is easy to understand step by step. Videos, checklists and cost estimation spreadsheets. And there's a whole bunch more. But these are all the kind of.

Access to real people for support.

Yeah.

Checklists defining the best team of consultants.

Actual examples, process in the real property, not just theoretical ideas, before and after during visuals, previous examples of success stories. Plenty of before and after pictures.

A mentor that acknowledges my current state of investment knowledge and helps me advance further than where I am now.

Advice from someone who's actively involved in the process of renovation, who can help me have success without over complicating things.

So guys, over to you. How do you think we went? These are the absolute demands. Affordability, systematic flow, easy to understand checklists, support real information, real time, real up to date. Anyone got any comments that you'd like to say? We'd love to open up the microphone if anyone could just share their thoughts with us. So go and put up your hat, yeah?

Did we meet those expectations and what you can take on?

Okay, we have got no one interacting with you. I wonder if we're off the end, should we all just pack up and go home? What do you reckon?

Close her up. Some of the bastard.

Okay, so. Oh, here we go. We've got one person talking about the dot map. Would you like to open up the microphone and have a chat to us about that? Give it a go. Ros, can you hear us?

Yep, we can hear you. I'm in the car.

Are you in the car? Do not drive and talk in the car. We're going to hang up on you now. So you're going to go non mute. Are you not driving?

No, but you're very echoey.

Oh, well, we're going to have to try to improve that. Does it fit better? Can we hear us now?

Yeah, I think it's just my connection because I'm in the car.

So you're loving the dot net Ros, how far have you got through it?

I bought the map. Excellent.

That is like the first step.

It's a fundamental.

Have you got the map for the right city? Which city are you working on, Melvin? Excellent. And have we started with any of the information yet? Where are you getting your information from to start vapping?

I'm going to start, but I love the tutorial and I like the idea of it and I've been keen to do it but I haven't been able to until yet, until now because I've just had a lot of other stuff happening. But yeah, I'm looking forward to doing it.

Perfect.

Well, we've got a lot of people.

Done well, I don't think for Melbourne yet, I mean, other than the one in the course. But I'm looking forward to seeing. Because I'm looking forward to seeing how it's changed. So I'm meaning to get around and do another one too. What was that? 2011. And yes, it had all that road at the start of 2010.

And we've got a few people who have done the Perth went up this week. Someone's done Perth first time. As soon as I saw the map, the picture there on the Facebook page, I thought, hello, someone's on west coast. We've got some.

Why is the water on the left hand side?

So that was really good. So therefore, I guess the good thing about the dot net. Roz, I'm going to tell the secret. But Roz, is there anything else that you've really enjoyed about the course?

I think the Facebook group is really good. It'd be great if we had permanent access to it. I guess that would be really nice because I know for me I'm not really in a position to do anything for at least a year and so by that time I feel a bit. It'd be really nice to have, you know, a community to, I guess, talk to about things. So I don't know, something to consider that would be really nice if we can all just stay in there.

Well, we've been talking about some options about how we might be able to maintain some of the momentum that we've got. So we'll bring that to you in the next couple of weeks maybe. So you'll be listening to you, Ros.

Thank you.

And how have you found the pace of the webinars and the actual material coming out?

Yeah, I did struggle to keep up with it, but I did manage to keep up with it.

Yeah.

Some weeks it's a bit tricky, I guess, especially because it was over the Christmas New Year period as well.

Did you get a chance to download the webinars that you missed?

Yes, yeah, I've been downloading them to my iPad. I think that's great that we can download them and load them up on our iPads and stuff so we can watch when we're not online, necessarily. That's really, really good.

Perfect.

So who are you watching it now?

You're on an iPad now from your car?

Yes.

You have an iPad now?

Yeah. We're driving.

How cool is that? Do it anywhere any closer. Well, that's good. So where are you driving to? Off to dinner?

I'm just driving back from Geelong because I was actually just inspecting. I have an investment property in Geelong.

Yes.

And the tenants are vacating so I was just checking out the property to see if there's any small improvements that I can do.

Any opportunities for you.

The real estate agent was saying perhaps put in some even like Bunnings type wardrobe cupboards. It's a three bedroom house and two of the bedrooms don't have any storage and also an air conditioner. They were her main sort of suggestions that she felt would really help lease.

It out quickly and improve the rent as well.

I think at the moment it's difficult to improve the rent because I did do a small, very tiny sort of refresh type renovation a couple years ago when I first bought the property and I did get it up from about 275 to 300.

Great, great.

Yeah.

So I was pretty happy with that. But I think unfortunately it's still going to be around the 300 mark because there's a lot of new properties coming onto the market not too far from where I am because they've sold off the old North Geelong golf course and they've built a whole lot of new properties there.

Yep. And I guess one of the things that I did with a little property was I went to Ikea and bought the wardrobes that were in the bashed around boxes for 80 bucks. $800. So you might.

Yeah, that's a good IP.

Check them out. Yeah, yeah, I will.

Actually, I was thinking of checking out ikea, so definitely make sure I check out that Addiz section.

Yeah, well, you have John and I for us. Is there anything that we can answer for you right now that could help you?

Do you have any recommendations for air conditioners?

I suppose pipe or.

I don't know any.

What size area are you wanting to cover? Is it the whole house or just a couple of rooms?

It's mainly just so I can put on my ad that it's got air conditioning. Do you know what I mean? I'm not really sure. I guess that's where you could also give me some guidance on how important it is to get a big one or a little one.

I got one from Bunnings and I think the cost to put it in. This is in Sydney. The cost to put it in I think was the same cost as the actual air conditioner. But for. We did the same thing. It was more of a perception point of view and it was only ever going to cool the lounge room area.

Yeah, that's what I'm thinking.

And we just had it so we could close off the lounge room area with a couple of nice French doors and it was enough for people to come in and go, oh gosh, it's nice and cool in here. Or it's nice and warm in winter.

So yeah, if you got an open then you leave it on for about two hours prior to the open.

Melbourne.

Yeah, I use a crowd addict. They're called Domain and they're in Roville and they're what a lot of the developers use. They supply a lot of developers of Aircon and they're kind of like a generic brand that are manufactured in China.

Domain Domain Domain from Rover Domain.

They even do kind of Duckling systems in the whole. Yeah, I've used small split systems before and I found them to be cost effective and pretty good at. And they do the install as well.

Yeah, that's nice. When they do the install. Any other questions?

No, I think I had a little thread about what do you call it, buying in a trust, which was for your comments and for everyone else's comments that was really insightful because I'd always heard people mention it in their seminars and you sort of think, well, is that real life? Yeah. So it was really good to hear your experience and Keith's experience and other people's opinions about it. Yeah. Oh good.

Well, thank you for Being our first person to chat tonight, we'll be watching what you do. Thanks, Roz.

Thanks, Jeff.

Thanks.

Thanks, guys. See ya.

Okay, well, we've got another question here. Christine's in Monahander. This is. Sorry. So she's obviously not on an iPad. So, Christine, do you have something that you'd like to say? Can you hear us? More to the point, can we hear you, Christine?

She might have gone to put the kettle on.

Maybe she put her hand up and.

Said, well, you've got halfway through a story about your pin, Matt.

Okay, can I talk?

I'm gonna.

Whilst Christine might try to get her microphone working and check those audio settings, you can see them under audio, there's microphone and speakers and settings. You can just check to see if you can hear yourself. But John was very diligent, I have to say, in the price pin map for eximu, we had the map and you probably saw there was about 10 seconds of me furiously looking at the residential report and out the data and the report from the real estate agent and pricing, putting the pins in the mat. And what you don't know is that John had actually gone and put all of those pins in the mat and I was taking them out and he was recording me in reverse. So here's a little bit of excitement. Go there, check it out and see if you can spot the obvious mistakes where I don't look at the piece of paper first, I look at it after I've pinned.

We played a bit back first and we get to see how it looked and we have to do it in a certain order to make it so it didn't look funny.

So, yeah, so that took her like an hour to actually probably would have.

Been quitted in that.

So, yeah, we've had a lot of fun with that. Hey, Christine, it doesn't seem that we can hear you, so do you want to just type in either your comments or what you're wanting to say?

I haven't forgotten what Peter said about the pin map either. And the testing.

What did she say?

She said, I would rather stick pins in my eyes.

To the point. Christine, if you're still there, we will wait. We've got a few other questions coming through. Just whilst we've got some people pulling some questions up, we wanted to know, I guess one of the questions we asked when we did the survey was what was the single thing that I could show you that would help you enormously? And this is some of the comments that came back. Supply me with already prepared worksheets where I can work out an approximate cost for a renovation. How to find the right property in the right suburb and identify my potential buyers. How to run the numbers on a potential property to determine the viability. A copycutter approach. How to accurately identify copies with significant potential. The insider knowledge that's only downing from someone who's done it themselves. Their supplies. Most cost effective materials. How much I could spend on renovating. From an overall budget down to how much per room per item. A quick and cheap way to add value. Where the next boom suburb is the right time to buy and sell. An outline of how to find the right property. Show where the best places are to buy. How to appraise a property quickly. How things can look expensive but be cheap. How to ensure that the property I purchased is the right one. Project management and handling, trading, handling cost estimation of the house, especially the breakdown of costs. So these guys, these were the kind of demands that you put out there of things that we really needed that were going to help you enormously. And I don't know if anyone has any thoughts about how we've covered off on the budgeting, the numbers, identifying property, how you can quickly add on, especially with your buying criteria and your inspection. Check that, you know an assessed property really quickly, then go out and do another inspection with the budget. You know, there's really some great things. So, you know, I think that unless anyone disagrees, is anyone.

Which one of those resonates with you guys? Yeah, there must be. There's definitely going to be somebody that literally said those as the things that could help you enormously. So we want to know today.

Anyone got any feedback on those things? We've got some questions coming through, but I just wanted to touch base and make sure that we got them all covered because we're about to go in and see if we open up and enroll again at some stage in the future, aren't we? Enrollments in the next lot of students. Okay, so besides making us feel good and you know, helping others understand the significance of some of the content of the course, is there anyone here who just wants to add any thoughts about a windfall that you had or a result that you had or some really, I guess, serious business kind of workforce stuff? Oh, a couple people are going to send us some comments later. That's nice. Christine's back. She's got her question here. Christine, we're going to try to unmute you again. We'll just keep it unmuted. She might chat to us at some stage. But question, I just bought in our SMSF and the accountants advised to buy again in an SMSF self managed super fund. So limited to what we can do in regards to a full renovation, can you suggest what type of property we.

Should be looking for?

Alternatively, we may eventually sell our principal place of residence and buy do a renovation that way. Okay, so it's an interesting question Christine, because as you rightly point out there's a lot of legislation and ever changing legislation associated with buying coffee in a self managed super fund. Some of the changes that we've seen I guess significantly came after the Brisbane floods where there was people who were caught out and couldn't improve their property because they had owned property in a self managed super fund. I guess the issue is that the type of property that you buy has to be one that one of the requirements is currently, and please check this when you listen to this later is that you can't borrow money to renovate the property. Which is not to say that you can't renovate the property. One of the benefits of renovating is obviously improving yield. Keeping up with maintenance as well is one of the really important things that you might want to consider with it.

Because that's going to come out of your own fault.

Yeah, yeah. Because you need a maintenance cost. If you don't repair and replace then you know that cost is going to affect you in the future and there's still some depreciation, there's still benefits associated with doing those things. It does definitely change the way that you consider the type of property that would go into a self managed super fund. I had a conversation with a client that we're doing a loan for and she's buying an office in the self managed super fund. And it's really easy to get caught up with the fact that you're buying in a self managed student fund. And it makes sense, you know, she's buying an office that her business can move into, saves on a bit of rent. It's an office in an area that she wants to live and work in and it's, you know, it's kind of like the next natural progression for her as a professional to do that. And Frank, Angelina, I said to her if you've got the opportunity to buy a self managed fund or in your own names, if this is a property that is not going to go up in value, what is the benefit for you to be buying this soft manager fund? And she came back Monday morning and said I can't believe I missed that. Obviously there's a tax benefit of not having the capital gains tax once you're in retirement in that saving. But if there's no capital gains, there's no saving. So she turned around and she's not buying herself in suitcases. For those of you who don't know about self managed super planners, it is an opportunity for you once you've reached your borrowing capacity or your servicing to actually buy again. Because the banks assess you, unless you're self employed assess you on the investment itself. So for instance, if you had $200,000 in the self managed super fund and you buying a $400,000 property, you need a 20% deposit. Usually 80% is the highest loan to value ratio unless you have a personal trustee. And then some lenders like St. George bank of Melbourne reduce it to 72% loan to value ratio. Corporate trustees usually 80%. And what they then do is they look at the rent that you're going to get, they make the interest rate a whole lot higher and they look at the cost of the interest and look at the funds that are left in your self managed fund. So you know if we used 100,000 for a deposit and stamp shooting then you might have $100,000 left. Most lenders deem that which means they think that you're going to get a 3% return on it. So they'll add that to the income. They'll also add what you've proven over the last two years that you have contributed to the self managed income. So all that is kind of pieces of cash going in and the one costs of or the couple costs coming out means that usually you can afford to buy something a self managed super fund without any of the lenders looking at your current debts or credit cards. So it's an interesting vehicle. It's one that if you're very heavily geared in property, maybe having a diversification for your retirement with shares or whatever other investments is a good idea. But specifically to answer to your question, Christine, what type of property I'd be looking for one that didn't need a major renovation. I'd be looking for the like what John said, the 80s property that probably has had a good renovation done for it a few years ago. Structurally very, very sound. A little bit paint and a bit of a revamp or refresh is probably all that you're going to need to do to it. Obviously if you can do some great cosmetic renovation and they're low cost and front that the cost of renovation yourself, you can add the yield, the rental can go up and you're adding to the Equity and to then ongoing maintenance of holding that property for a long time by the virtue of being self managed super fund. It's a buy and hold strategy. It's a long term buy and hold strategy which affords you the luxury to actually look long term at some of the places that you might buy. So if you're looking at a 10, 5 to 10 year investment strategy for your properties you buy outside yourself managed super fund, you might be looking 20 years so you can afford the luxury to. And once again I'll go back to API magazine this month they're talking about population demands up to the year 2050 and many of us have still been working in the year 2050 but the reality is that there's going to be some little growth corridors if we do get a high speed train. We're talking 60 minutes to Cox Harbour from Sydney, 60 minutes to Albury from Melbourne and from Canberra. We're talking about larger regional areas that are commutable. We're talking about them not having to justify their own multi industry type economies but actually being part of the economy of the major capital cities. And, and they're predicting by I think the year 2030 that four out of five people will be living in capital cities. So put all that together, you've got the time to get a little bit more growth I would suggest. Why would you if you could have the growth sooner? It's something that you want to get to your goals now. But the other thing is be aware sovereignty, superfund lines take a little bit longer as well. So just the mechanics of it can be a nightmare in the sense that you're one in Queensland on the 30 day settlement which is regular up there, then it can actually take three weeks for the lenders legal team to look through your bare trust and your trustees, et cetera. So in that case buying with the buyer's agent or buying someone a property that's actually not on the market is something you might look at. So I don't know, I hope that helps. Christine, does that kind of give you some thoughts on. And you know obviously eventually looking at selling your home and renovating it. Be as diligent as you can as if it was an investment. Don't look at pricing disparity and don't over capitalise.

So you would see it as better to pick a suburb for instance a couple on from the ripple effect because it's such a long. Because you're locked into it for such a long time.

Yeah. So if we're talking about some of the price of 600 and the next suburb is getting up to the 520s and the next suburb's up to the 480s and the next suburb's down at 350. You know, we know the triple effect by is going to keep going out. I mean I know looking in Sydney for instance, years ago we were looking at Redfern which has just today hit the million dollar price mark. And everyone was saying, you know, God, Redfern, Newtown. And then we were looking at Newtown Garlic Shield and then we were looking at, and Canterbury, you know, buying Canterbury back then at $250,000 less than what you could buy in Newtown. Canterbury, narrow price point, same thing as Kingsford. Kingsford just hit $1.2 million as a median price. You know, three of the properties that I had in Sydney went up last year for 20, 19 and 22%. And that was triple. Okay, seven of them went. Seven. My domain people I say trickle some people, sometimes I say ripple. It confuses most people. I know what I'm talking about. What was that thing? So I want to do clear instruction.

Yeah.

It's consistent every time.

So is what's the. Okay, so if you've got a property in a super fund that's for instance a high yield, what's, what's the dis. What's going on there? What's the disadvantage?

There is no disadvantage.

Because you can ask. There's no problem with, with it providing income, isn't it? Where does the income go back?

It's like your share getting a good dividend.

Yeah.

Okay, so it could build up, as I said, how banks actually assess the servicing. It could build up a nice little servicing nesting that allows you to buy again. So just remember self management is a vehicle to hold property. You still have to have the right property.

Yeah, yeah.

Good, we've answered that question. Christine. Roz is back with another question but she's losing Internet connection. That happens when you're driving on your iPad listening to the webinar. Let's just see if we can give Ros another. Hey Roz, how are you going? How's the Internet? No, she's gone. She might come in.

I don't think you'd do this. I would have just done the webinar from the car.

You're not an idiot. Now why don't you come to my office every week? Hey Ross, You've got a question about hanging lace curtains in front of vertical venetians? Or do you just pull venetians and put up double rolled the blinds? The Tenant said privacy is an issue. So you want to increase the privacy?

Yeah, because there's a lot of construction happening on my street, so apparently. Yeah, you know, the tenants have sort of mentioned that privacy and those two front rooms isn't so great at the moment and they've apparently got these old vertical venetian blinds and the real estate agent suggested I could just sort of hang like literally in front of the venetians.

So your question is? Yep. So your question is, should you be tacking lace in the front of the Venetians or doing something else?

Yeah.

Do you have any thoughts on that, John? TAPPING Lace sounds a little bit rough.

Probably a change of the outfit. Yeah, I don't know. You can get some of those roller blinds from Spotlight in places like that, IKEA or stadium. They're reasonably cheap. Some of them you can cut down. It's a bit of a pain, but you can actually cut the.

I'm an expert at actually cutting off the bottom or pulling off the bottom of those wooden 20 mil golden oaks from Spotlight and cutting them off and taking off the extra sheets and moving them up and Spotlight. Go and get your Spotlight card, guys. Because once every six weeks they have a two for one deal or they have a 50% off deal. I've got a cupboard full of those lines because I put them up 10 years ago in coffees and they still go today.

Sometimes we also just buy the sheer and just have that on the lot. So I don't know if it'd be.

I don't know if there's enough room though. So it's better for blind when you put them. It just depends on. It doesn't sound like you're in a high value suburb in a sense. We're not talking a million bucks and we're tacking lace on the front so, you know, make it fit to the market, see what other people are doing. I know you just don't turn around and go back and check it out, but see what's happening in the area. I had a chat to Nathan the other day about one of the properties and for the price point he was at, I suggested the privacy issue that he was describing that he might consider to have window film. That's something that I've used in properties and has been really, really good. And it's just an opaque film and gives you privacy still, it's lighting and I've seen it done with only half windows as well. So, you know, that's a consideration. So there's a. There's a few things that you can Do Ros, but listen to the agent if he's saying that, or the tenants if they're saying that privacy is an issue, then a low risk way of dealing with it, a low cost way of dealing with that and not over capitalising is probably a good way to go. Hope that helps. Hardy teacher wants to jump on the line and pose your questions and thoughts. Hello, how are you? Okay, we're going to leave the line open just in case your microphone starts working, but you've got a few comments here. Thank you. I really appreciate the fact that you've got on and said, look, I really couldn't start the course till March, but I really wanted to be able to be part of the conversation what people are doing and get some learning for when I was actually in the course. And I think we've had quite a few people who have delayed jumping in the course in November for the next enrolment period only because they felt that they weren't ready. And as you've seen, it takes you three months to get through the 12 modules and you've been part of the conversation, the Facebook and the webinars and by the time that you are ready to get and go, you really will have all the information. So kudos to you for attacking that issue and knowing what your time frame is and using the time to good use. You did say though, would we be able to see the conversation threads among the new group of students? So on Facebook, are they going to be able to see what the new students say?

Yeah, yeah.

There's only one Renovators network. Yeah, that's right.

It's going to be like Big Brother. They're going to be like intruders that come in and you're all going to have to get comfortable with it.

That's also me. Surprise. We should have kind of built that up with a bit of information. But yeah, look, paradise. It's a really good question. It's one that we kind of thought about the fact that we could run multiple Facebook groups, etc. But we've just seen with the beta tester group and even the hot spotters group that we had and the Renovator network, everyone kind of spilled over the Renovator network anyhow and there's so many really great ideas and thoughts. It seemed like such a waste having to repost things or the fact they're really copyrighted conversations going on in one place. So absolutely, we're going to have intruders in the house and you guys are going to be the big brother and look after Them take them through when they sit there going, I can't do a high skin map.

Where do we find the maps?

I don't know. What do you guys think? Do you want to protect your group or do you want to add some more in and keep the conversation alive and new and invigorating with some new people? Oh, my gosh.

It's more likely that people will be at the same stage, too. Like, you've got a group of people now that are kind of out ahead of everybody. The majority of those testers, mind. You probably should tell people that in case they feel like, I haven't finished.

One for 10 years. Why haven't I done it yet?

Why haven't I bought a house?

But we're seeing people who are there at the moment purchasing have definitely been. Some of them have been tested. Some of them are part of this group. As Nicole says, the more the merrier, in my opinion. I know that I learn from a lot of different people and I appreciate the emails I get into my inbox every now and then from people to say, hey, Jane, you should jump on Facebook today. There's some really great conversation going on. Oh, gosh. I just feel like I miss it out sometimes. You can only have so much time. So that's why we depend on great people like yourselves having the chats and keeping the conversation going. So, yep, more merrier. Everyone's saying the same thing. We've got heaps of people online tonight. It's good to see comments coming through. Yeah, Sajiv, absolutely. We can definitely learn from other people. And as you've seen, you know, I don't know if it's been fully exploited, but there is so many professionals associated with real estate that are actually in the Facebook group that are willing to share their knowledge and information, their contacts. I know of one little renovator up in Brisbane who was desperate for a handyman and someone came in and saved the day by putting her in touch with someone who did a fantastic job and half the quotes that everyone else had and got it done before Christmas. So, you know, that's what you guys are there for. And I really think that there's some really meaningful conversations that are still yet to be had with just the grip that we currently have. So let's just wrap up tonight and talk about a bit about your goals. I'm really, I guess, really keen to hear, what are your goals now? Have they changed? Has the content in the course giving you a different perspective? We're suckers. We want a bit of Feedback here as well. We want to know that we're changing lives and being the unreasonable friend and keeping you accountable and giving you the opportunity to. To learn more and expand your wealth potential from what we've seen and what we've done. And, you know, just to hear that some of you have now the opportunity to get to a goal that you didn't think was achievable, I think is for us, really important. Because otherwise we wouldn't be sitting here doing webinars. We'd just be giving you the whole 12 modules three months ago. No, thanks, books.

Great.

So, you know, we kind of want to hear what opportunities this is giving you. And I know that some people here, listening to this, that gives you, I guess, the chance to learn something new. And it also gives you the chance to share with others what you know and what you've done and. But the thing is that I think that if you really look at how far you've come and the knowledge that you've got and the fact that, as I said, a lot of you listen to this in the bonus section, you're downloading it and you're not on the call live. We still really want to hear what you have to say about these questions tonight. And in actual fact, I'm probably. I might even ring you up and ask you, I think. Yeah, I'm going to ask. I'm going to ask everyone what they reckon. I'm not going to escape you. I need the feedback.

We'll do it after the webinar's finished.

Okay. Won't ring now, mind you. Parody just told me that he's on the phone, so he might be able to chat to us. Is the phone unlocked for you?

Hello?

Hey, who have we got there?

Can you hear me?

Yes, we can. We got you live and clear.

Oh, good. Finally.

Thank you for swapping to the phone. Appreciate it. Obviously, those instructions in the beginning helped.

I missed your answer about following the conversation of the new group of students. What did you say about that?

Yeah, basically we said that it's a great idea and we kind of threw around the idea of separating everyone out so that everyone was at the same stage. But what we've seen in the Renovator network, gosh, we get a lot of inquiries from people who join a lot of requests. People are seeing you guys post on the Renovator network and they know love, trust you and reckon you must be chatting to someone that you trust.

They can't see your post, by the way.

No, they can't see your post. They can just see that you're posting somewhere. So we're getting a lot of requests that people who aren't on the course to join the conversation. But, yeah, we agree with you. There's so much more potential for conversation. And as the new people come in, they're going to be at different stages. A lot of them are going to be, as we have in this group, professionals that haven't really had their skills exploited, I think by the group in particular. As more people get more comfortable with sharing a few of their information, I think we're really going to have such an incredible, worthwhile forum. And I know, John, you and I have both been part of other course routes, renovation and property investing and forums, and, you know, they just kind of die.

Yeah, Tumbleweed. But this in the space of kind of, you know, four months is better than anything I've been involved with before.

That's great. So. But is that how have you found benefit from the Facebook group?

Sorry, I can't hear you too well. It's very disturbing.

I was just saying, have you found benefit from the Facebook group at all?

Yes, yes, I have. Yes. I haven't been sort of following it strictly every day, but every now and again I pop up to have a.

Look.

Especially the pictures. Oh, look, the after pictures were just stunning, which is incredible. Yeah, I love watching those. They gave me some motivation.

Sorry, what was that?

They gave me a lot of motivation to do something great.

And are you planning on doing a renovation? What's your goal this year?

My weakest point, my weakest aspect is, is locating properties. So when I signed up for this course, I really want to learn how to systematically find a property that will fit my bracket of budget. So once I get a property, my renovation skill is pretty good because I've done a few for myself for my own house. But doing it for profit is different. That's why locating the right property is really important for me to learn.

And have you started on a pricing map or a dot map?

Have I started on the dot map?

Have you started the dot map yet?

No, no, I have not even started one module.

March. You're going to start in March? Well, at least you've got an idea of what to do and where to get the maps. There's been a whole conversation on who supplies the maps. Even what location are you looking at, what city or state?

Well, I thought if I stay in, I live in Melbourne. So if I stay close to where I live, then I don't have to spend the whole lifetime driving here. And There and everywhere. So my thinking is to stay close to, say, pick an area about half an hour to the maximum 45 minutes, drive in a radius of about that distance. And I always want to know where this one get a map. Where do you go and buy a map? Because I walked up and down Littleburg Street. There used to be a good map shop in Hardway Lane in Melbourne. But I poked my head into several shops and asked them where the map shop had disappeared to and everybody kind of looked blank and go. I don't know what you're talking about.

Kemel Road, I guess it's Ester north and I think that's called MapWorks. But if you do a Google search for maps, Hill or road, Hilmore Road, Hilor as in Essendon North. And I think it's Mapworth's. Pretty sure they're online MapWorld.

Okay.

And we've just got another one there.

Ross has suggested Victorian Government Bookshop in Common Street. Victorian Government Workshop. So you can find. I think, you know, there's a lot of different type of maps that you can get. Also sometimes council has some of the maps with the zoning on them. They can really assist. We've seen people just use Google Maps and do it digitally digital.

Yeah.

I've learned, or I've gone to the extent sometimes where I've taken PDFs, stuck them in Photoshop, joined them all together and then grinding my printer. It's nice if you can use. Have a secondary kind of source going on there, like you can use the census data with home ownership or I like to use income levels and stuff like that as well.

So don't you need a map? Sorry? Don't you need a map which is large enough to pin on the wall to put your pins on?

Yeah. So I do it by essentially joining together a whole bunch of, I guess one big one. So I just pull them into Photoshop. But if you. If you jump onto, say something like fiverr.com or something like that, you can get stuff like that done.

Hence the name. That's a F-I-V E-R.com fiverr.com.

Yeah, two Bs and one R. Yeah.

I'm going to look it up whilst we're out here online.

Or something like Odisc 5 is probably more appropriate.

Yeah.

So you can jump on, for instance, if you're in Victoria. I think it's the maps online. It's where you get all those zoning maps.

RR, F I V E RR.

It's 1V and 2A.

I was gonna Say maybe I'm on a different website to you. Mine's only passing five or yours is passing FIFA. But yeah, there's a. And basically that's if you haven't heard of ODESC or fiverr. Basically people are on there saying, I'll do anything for you for $5. So you can get on there and say, I would like someone to find me in map of Melbourne, you know, in Australia with a 5, 10, 15, 20K ring around it. And please make it a one so I can have it printed out at Officeworks.

Six bucks or something.

Five dollars, that's all it costs. So, you know, that might be an idea as well.

Yeah.

And so Ros. Clarity, you've got all this ahead of you now. Are you kind of. You're in a good position in having access to all the modules at once. Do you plan on going through them once a week or. Or how do you plan on tackling all of them?

Sorry, I missed the beginning. What was that?

So when you start in March, you're going to have access to the whole 12 modules. So how are you going to do it? Are you going to try to set some time aside each week or what are you going to do?

Well, I have to allocate the time appropriately because I. I'm also doing another course on something else. I've got to really set the time. I'm also writing some books.

Right.

And yeah, so there's a course that I'm doing on that one as well that's going to take me six weeks from now. So by the time this will be about mid March. Good.

Well, maybe you can write something, put it up and we'll be there supporting you.

Oh, lovely. I'll put it up for comment.

That'd be great. Well, thank you very much for your comments and please make sure that. And thanks for jumping on the phone. Make sure that you send us some comments and put some stuff up into Facebook group and tell us what you got got going on.

Okay, thank you.

Bye. So Jenna, here's some of the things that everybody said. We asked the question, what would be the realistic outcome that you could achieve with the knowledge gained from this course? And this is some of the things that people said that I can successfully identify a suburban property that matches my goals and confident that by giving them the work, having the confidence to purchase my first property and renovate so the first property complete, a renovation project with a profit of at least ten grand spanned my portfolio in the quickest time possible to have the confidence to go out there and do it myself. Buying a property to renovate in the next six months.

Yep, absolutely. And then we asked people what were they wanted to achieve in the course of the next 10 years. And we had a lot of different thoughts. A lot of people looked at the passive income. They wanted to achieve financial independence, maybe $100,000 a year, self sufficiency, owning your clothes to only own home and having income support family in that way. Portfolio to support lifestyle, spending more time with friends and family. Financially free. 95 not working from school, someone else debt free, full ownership of a home, only $250,000 passive income. Like to be financially free to do work that we're passionate about and have income passive income of 150,000 a year. Which is all fantastic things.

Absolutely.

So guys, we've got, we've got a lot of you still here. Got some real vocal people here. Tracy Evans, she's vocal on Facebook. Tracy, you're going to have a chat to us. Going to say something to us this. Sandy, are you sitting there on your iPad again? We'd like to. Chris. Kelvin. Kelvin, people always got questions for us. Where are you tonight? We can see you there. Oh, Trace is on her iPad. It's okay. Gosh, every time I'm found on my iPad at the moment, my husband says you better not be on Pinterest. There is a really great picture of this whilst putting it in my dream house forward. So go and check me out on Pinterest, guys. I've got some really great home renovating tips. Actually I'm pulling some of those off and place them on my you property success Facebook page coming up soon. So there's some interesting pictures and renovation thoughts and ideas. Some fantastic new tiling that I've seen. Tiles that are actually designed. I'm not going to tell you. You have to go and have a look. So who else have we got? Anyone else wants to have a chat? Nicole, we can see you guys there. We know you're working. Some of you can see you're not even paying attention at the moment. So big call out. Well, look, we're going to wrap this up. If anyone hasn't got anything else to say, as I said, please jump on the Facebook group. I think I'm going to give these guys a call and we'll ask.

It's good to know because we're in the preparation for putting a few changes in place for next launch this year.

If I could put a card together with national supplies and discounts for renovation products. Do you think these guys are going to find or should I not waste my effort? No one's talking. Okay, well, yes, yes, yes, yes. They are awake. Okay, well, I might just put a little bit more effort into that and see if we can come up with something, make it obviously retrospective for people we know, love and hang out with on the Facebook page. Look this videos and stuff as well.

So yeah, there'll be a few additions, a few more checklists as well.

Yeah. And if there's something in the actual course that you thought was just fantastic and guard your way, the way we're looking at grabbing some of that content and we've seen it all a thousand times, lived through it. You've lived through it a whole lot more way editing me talking. But you know, if there's something there that you think would be great and like to share, we'd really love to hear that. We'll be sending some stuff out through social media and emails to people who are on it. I think we kind of touched on some exciting opportunities for these guys as well, which we'll get to in the future. So we consider you guys being the family now and we'll welcome the new enrolments into the family as well. And so pretty much you guys now have access to the full 12 modules. We're just so proud to be part of this course and having put the time, effort and love into delivering it to you, I hope you found the webinar course over the last eight of these really handy and helpful and assisting you. And for those of you that couldn't make it live, I'm hoping that you find these bonus calls that you're downloading that are stimulating a few questions in your mind and maybe we didn't answer a question for you that you wanted to have answered. So that's what the Facebook group is there for. We'll still be alive and keeping on the Facebook group. As I said, we're going to be focused on studying enrolments pretty soon. We'd really appreciate you posting on and encouraging others to hear about the course when you see some stuff going on. And as I said, it's been an absolute pleasure in doing everything that we could do to help contribute to your renovation success. And I think that's the lead.

No, it's been fantastic. More than we could possibly have hoped, I guess, for the first outing. So thank you.

Okay guys, well, you have a great night. All the best. We will have some more of our webinar calls in a couple of months and we'll be checking in with you. But please be acting. If you hear a call from my office, please answer the phone. Love to hear about your thoughts and your experiences. And for anyone who wants to share some of those with us, John and I are really keen. We know sometimes it doesn't all work out on webinars and things, but we'd love to hear from you. So all the best. Goodbye from him.

Goodbye from her. That's who running.

Yeah, it is. Catch you later.