My Recent Real Life Success Story
Post written by Peter G. James Sinclair.
The reason I wrote the following material was in response to my property development mentor announcing a competition, whereby all his Real Estate University students were invited to share their success stories. The winner would receive a brand new iPad.
I’d just experienced my first taste of success, after a period of four months under the tutelage of this new mentor, and so decided to write the following.
Whether or not I win is irrelevant. The fact that I was granted a good reason to pause for just a moment and reflect on what I had learnt during the past four months was extremely encouraging.
Please understand that I do not share the following information to boast, but rather to inspire.
Often personal development authorities share a lot of theory. I don’t ever want to do that. I want to share from real life experience.
I want you to know that I live what I write, and that I write what I live.
The other day I received a guest post, and after reading the article it became very obvious to me that the writer was writing from someone else’s experience. That sort of writing cannot help, and I will never allow that sort of material to find its way on to my blog.
Before you write it you must first live it. This is the only way a writer can change reader’s lives.
My Recent Real Life Success Story
So here it is – my recent real life success story. I trust that it will inspire you to create your own real life success story. I am firmly convinced, that if I can do it anyone can do it!
Real estate has always interested me, so before I attended the one day event with Mark Rolton I came across an advertisement in a local newspaper for a 19,000 m2 property in Murwillumbah(a suburb 20 minutes drive south from where I live). It caught my attention, so I hung on to the paper.
Even before I attended the three day event conducted by Mark I saw this as a perfect opportunity to start learning.
My Fight With The Feasibility Process
As is my habit I plunged in to the feasibility process – using this Murwillumbah property as my guinea pig(this is a powerful analysis system by which one can ascertain whether a development is viable for a developer). There were times however when I literally felt as though I was drowning – because I had never done such a thing in my life, and I wondered whether I was ever going to get my head around what seemed such a complicated process.
My first feasibility took me weeks to complete, and with all my questions I must have surely tested the patience of my coach at Massland (Mark’s company). But I was determined to learn, and by pursuing such a sizeable project, from the outset, it forced me to start talking to real estate agents, council town planners, civil engineers and the like. The learning process was incredible. Little by little, and with dogged persistence, I started to understand. Never before had I attempted something of this magnitude – but the more I asked questions the more I seemed to comprehend.
What I learnt during that period set me up for the three day event, and it was at that event that I decided to continue with my training by pursuing 1 Hectare (10,000 m2) residential development sites throughout South East Queensland as a joint venture partner with Massland.
485 Letters Later
After 485 letters sent to potential sellers(these are expressions of interest by me to owners of specific properties that could suit my current development criteria), discussions with 181 potential buyers with 19 expressing interest in where I am heading with the sourcing of properties, five feasibilities, and three meetings with qualified sellers – I today, on Melbourne Cup Day(November 6), completed my first Heads Of Agreement whereby the owners of the property will be paid $1,700,000 for their property under option with a projected profit for the ultimate buyer of $2,274,236 – with remaining profit of $1,354,701.
As a joint venture partner with Massland I’m going to receive an amount yet to be disclosed – but the very fact that I now can complete feasibilities in a matter of hours, compared to the weeks that I spent on my first one, the fact that I can navigate council websites with ease, have intelligent discussions with architects, town planners, builders, developers and sellers, use RPData, know more about negotiation through Mark’s magnificent CD set, and continue to acquire priceless knowledge through the webinars, I know for a fact that I have already acquired skills that are worth millions to me – both now and into the future.
And I have only just begun.
From Dreams To Reality
I can’t put a price on the education that I have received in just four short months, and I’m now pushing ahead with the negotiation of other developments of similar size on behalf of Massland – while at the same time seeking out potential splitter opportunities so that I can not only make more profit, but also begin to build my property portfolio.
Conclave is in my sights(this is a more advanced property development program that will require a further investment of $44,000 – well worth it) – and my goal of developing small shopping centres in the future, and simultaneously expanding my retail hair salon business throughout South East Queensland, and financing my other business interests, is no longer just a dream, but is rather becoming more of a reality in my mind than ever before.
A Note About The Photo: This is how I celebrated my success – having lunch with my eldest daughter and spending time with my grand daughter.