Has anyone done Michael Yardneys Developer course.....

I considering wether to do Michael Yardneys upcoming developer renovation workshop....

Has anyone done it, recommend it......

I feel I know enough, but I guess there is that lingering doubt of what I still dont know and what extra value I might get out of the course.....

 

Mrs did it a few years ago. Good content but the tone could be improved. I have read the notes and full of useful stuff.

 

Cheers Hamish.
So value for money...
Some good secret golden nuggets to help save on development projects....

 

@Hamish Blair - But is it worth what you paid?

 

I guess it wont hurt.

I learnt the most just by getting my hands dirty, you make mistakes you learn and its the builder/trades/townplanners/architects where you learn the important stuff IMO.

Most important factor that MY probably wont teach you is what product to build and where to buy? This will come back to you understanding market conditions and what meets market demand

 

Yes - we just completed a three townhouse development with some learnings from this course.

 

Is it something you could or would have done regardless of the course or was the course the deciding factor in prompting you to choose that strategy? Would Iove to hear your thoughts!

 

I guess I hope that I can learn how to avoid some of these mistakes straight up. Any stories your keen to share MTR

 

Just make sure you get a gun town planner. I had 12 objections on my Croydon project and he was able to get it over the line

 

Funny that. I had a scenario in Melb years ago now where neighbours on both sides asked if I wanted to buy their properties. As soon as they realised this was not happening they promptly objected to my project.

With my last development, the council we were dealing with were tree huggers, made it very difficult. Ended up with 3 arbour reports, not cheap, all saying the same thing, eventually Council agreed.

We actually met the guidelines, however the Council wanted more open space, we accommodated this and met them half way. The problem in Victoria is if you don't get Council on side you will be at VACT and waiting list is something like 6-9 months, and lawyers fees on top of this.

We could have pushed for another unit, as my Town planner believed it was a 4 unit site, but the numbers were still good with three, so we moved on.

 

Yep - we fit the guidelines - so heres hoping.

Gun arborist got what we needed out of report & council.
Advertising objection period is where the fun begins i guess, and hopefully ends pretty quickly

 

All the best

 

Bob Andersons boot camp is good. It's not gonna be the magic potion that makes you millions in a day but its worth a few thousand imo. Just the contacts for various states is worth the money.

 

I think it was more a case of giving us the confidence to proceed. A big risk is not knowing what you don't know; this course helped us to cover off the various financing, town planning, construction, marketing risks etc.

 

Spot on Hamish - Its that big risk of not knowing what I don't know, and thats also how Michael sells it a bit

 

Unfortunately many of the risks with developing can be out of your hands because you really rely on so many people to do their job right. At times it feels like...

Risk propped up
Mitigate as best as you can.
Another shIIt thing happens, quickly find a solution or someone who can find the solution
Demo underway,,,asbestos found in more places than expected. Go back and look at your contract, if not fixed price then time to dig into contingency.
Hit rock. ****...
Start praying its not too deep.
****** down with rain, 1 week wasted.
And now my favourite....bones found during excavation... omg wtf...
etc etc

Its really a rollercoaster ride even at the best of times imo.

 

LMOA
Lets hope not

 

Its gonna happen in some area. Hope you like roller coasters

 

For our pool the excavation was subject to rock. Excavator started first scrape and all I hear was the screech...Yep. A solid 100% sandstone block.

Murphy Law of Construction...You will always find rock when you dont want it. When you need stable footings you will find sand/soft clay. Plumbers attract rock or find old pipes. Pools attract rock. When excavating, the sewer will always be closer to the excavator than shown on plans and never further away - And they will always nick it. Ditto water, telephone and stormwater.
Your neighbour never has these same issues. Why is that ?