CAN YOU STILL MAKE MONEY FROM RENOVATING IN TODAY’S MARKET ?
Yes absolutely. There are renovation opportunities everywhere but whether you can make money from it in “any” market will depend on how knowledgeable you are as a professional property investor (to buy the right property at the right price in the first place) and how effective you are project managing the renovation from start to finish adding as much value at the least cost possible along the way. Renovation works in any market because renovation is essentially all about ‘adding value’.
I’VE HEARD THAT WHEN IT’S A SOFT / BAD MARKET, IT’S TOO RISKY TO RENOVATE. IS THAT TRUE?
Firstly you need to know that the property market is not one market. There are 2750 suburbs (or thereabouts) across Australia. Some suburbs can be booming while others are declining. Often the property market is referred to as 1 market but smart investors need to recognise that each individual suburb is a market unto itself and therefore will have its own unique circumstances. In Cherie’s experience, in tough economic times (like global financial crisis), its often the best time to do renovation deals. Fewer buyers in the market mean it’s easier to acquire properties at the right time or slightly below market value. In soft markets, the level of construction activity drops or halts therefore tradie’s tend to more readily available to work and at slightly more competitive rates. Also in soft markets, material suppliers are quieter making it easier to get your renovation materials for less. As long as you buy and sell in the same market (ie: buy low, sell low) it’s all balances out in the wash. You don’t ever want to be buying in a high market and selling in a low market. This is the beauty of property renovation in that its quick turnaround time typically means you’re buying and selling in the same market. One thing you will need to factor into the equation when selling your renovated property in a slow market is that it may take longer for you to sell so allow extra holding costs in your financial feasibility.
WHERE ARE YOUR EVENTS NORMALLY HELD?
All events are held at venues within the immediate Sydney CBD city location. The Renovating For Profit events team always source high quality venues paying particular attention to the quality of venue, standard of catering, public transport accessibility and overall convenience factor for all venues. Locations of workshops are kept strictly confidential with details disclosed to registered attendee’s only.
WHAT TIME DOES THE EVENT START AND END?
Registration is from 7.30am to 8.25am. Event starts sharp at 8.30am. Event finishes 7.30pm on days 1 & 2 and 6.00pm on Day 3.
ONCE YOU PAY, DO YOU GET ACCESS TO THE GRADUATE SECTION?
Yes, once your enrolment is confirmed with our Student Support Co-ordinator, you will receive a computerised login within 24 hours of your enrolment being confirmed. This gives you full access to the Renovating For Profit graduate section.
CAN I GET ALL OF MY MATERIALS IN ADVANCE OF MY WORKSHOP?
Yes, Renovating For Profit now ships all workshop materials in advance of your workshop so that you can easily digest the information at your own pace and leisure prior to attending your scheduled workshop event. Workshops are then designed to recap on your learning’s so you maximise your ability to learn and implement the knowledge. All materials are despatched via courier. Once materials are received and viewed, no refunds are permitted.
IS THE TRAINING FOR BASIC PROPERTY INVESTORS OR MORE ADVANCED INVESTORS?
Our training is both. Our workshops will teach you the basic fundamentals of property investment so students can learn how to become professional property investors. Throughout the training, advanced and creative property strategies are disclosed and advanced knowledge is shared that will help you do deals in different ways to maximise results. People that attend our workshops range from people who have never done anything in property through to people who may have a small property portfolio and looking to maximise their results through to builders and tradespeople looking to become experts in the whole renovating for profit process. The people who attend our workshops and their respective skill level is extremely diverse.
WHAT TYPE OF PEOPLE ATTEND YOUR EVENTS?
We’ve recently analysed the typical profile of people who attended our workshops. It’s such a mixed bag in terms of people who attend and the different walks of life they come from. To summarise, below is a brief run down on the normal types of people attending our events:
As you can see, it’s a diverse group with differing property experiences and skill levels!
ARE MEALS PROVIDED AT THE WORKSHOP?
Absolutely. We feed not only your brain but your belly too. Morning tea will include a sweet or savoury selection. Lunch is smorgasbord of fresh salads, rolls, baguettes and assorted sandwiches including vegetarian options. Afternoon tea is also a sweet or savoury option.
We can cater to any special dietary needs and all attendee’s are personally contacted prior to their workshop to determine if this is required.
WHAT IS THE APPROXIMATE WEIGHT OF ALL YOUR MATERIALS THAT I’LL RECEIVE IN MY PACKAGE?
Renovating For Profit materials weigh approximately 8 kilo’s in total.
CAN I BOOK IN A WEEK BEFORE THE EVENT? I’D RATHER KEEP THE MONEY IN MY BANK ACCOUNT THAN YOURS 😉
Of course you can do this however please note that we can’t always guarantee you a seat in the workshop you’re trying to book in for. Cherie’s workshops have become immensely popular with most workshops now selling out at least 1 to 2 months in advance of their scheduled workshop date. Our recommendation is the sooner you know you want to undertake our training, the sooner you should secure your seat. Cherie also speaks around Australia every week and events that are relatively empty one day, can be sold out the very next day.
HOW DOES THE INSTALMENT PAYMENT PLAN WORK?
Once someone decides they want to attend our workshops, they put an initial deposit down of $995.00 for a single attendee. That person then has a further 5 months on top of the first month to pay the remainder of the instalments off. In effect, attendees have 6 months to pay off your course tuition fees. Our payment plan is an attractive option for students who don’t have all of the funds readily available. Of course, many of our students also simply elect to pay upfront for simplicity.
I’M ATTENDING WITH MY SISTER (UNDER THE PARTNER RATE) AND WE LIVE AT DIFFERENT ADDRESSES. IS IT POSSIBLE TO GET A 2ND SET OF ALL MATERIALS FOR MY HOUSE ALSO? IF SO, HOW MUCH WOULD THIS COST?
Yes, students who are booked in under the partner rate can buy a 2nd set of materials for a small cost of $695.00. This offer is only available to students deemed to be a ‘partner’ and is not open to single attendee students. Should you require an extra set of materials, please endeavour to notify us when you submit your enrolment form or at the very latest, notify us no less than 2 weeks before your scheduled workshop event.
HOW MANY PEOPLE CAN I EXPECT TO ATTEND EACH WORKSHOP?
Workshops are capped between 400 to 450 attendees maximum per workshop event in order for Cherie to be able to take questions from the audience at any point throughout the workshop.
WHEN DOES MY 12 MONTH POST GRADUATE SUPPORT OFFICIALLY START?
Many people who enrol in our program are in the midst of a renovation and need immediate assistance in helping them to undertake their renovation more effectively. The formal 12 month graduate support period starts the day after graduates finish their workshop training.
WHAT DOES MY 12 MONTH POST GRADUATE SUPPORT INCLUDE?
Once students attend our training, they are officially categorised as a graduate (having undergone their training). Renovating For Profit has a dedicated team of graduate support coaches who do nothing but assist and answer our graduate enquiries each and every day. 12 month post workshop support gives graduates the ability to contact our office at any time via phone, email, Skype or in person within our office if it’s convenient. Graduates can ask any questions at any time and we’ll be there to assist. Our graduate support managers spend most of their days assisting students with their floor plans, looking over their project strategy, reviewing their financial feasibilities and answering any random questions along the way. Renovating For Profit believes we are one of the most supportive property education companies in this regard and understand that you may need your hand held a little on your first project or two. Cherie also films regular renovation videos for all students and graduates which are emailed out on a regular basis.
WHAT TYPES OF SUPPORT CAN YOU ASSIST ME WITH ONCE I COMPLETE YOUR TRAINING?
Renovating For Profit will assist you with any question you have on your property projects. Our graduate support managers handle calls and emails daily on graduates wanting us to give them a 2nd opinion on unrenovated properties they are looking to buy (safety net factor), reviewing proposed floor plans and their development applications prior to council lodgement, reviewing their strategy on what they will do to a property in terms of adding value and where / where not to spend money, browsing over their financial feasibilities, assisting with contacts as well as helping with any project management issues while undertaking their renovation. We have the skill set and expertise within our office to be able to answer literally any question relating to any aspect of property investment, renovation or development.
CAN I TALK TO CHERIE PERSONALLY IF I’M HAVING A PROBLEM WITH MY PROJECT?
It’s important to Renovating For Profit that people fully understand the expectations they may have in terms of getting post workshop support from Cherie. Unfortunately we live in a world where many seminar presenters over promise and under deliver on direct access to the expert concerned. In order for Cherie to manage her renovating, business, media and family commitments and still have a balanced life, she’s made the business investment to put a graduate support team in place to answer the majority of questions from her thousands of graduates around Australia. Our graduate support managers are personally trained by Cherie and spend physical time on Cherie’s projects in order to understand the renovation process and what she teaches in detail. Our graduate support team currently handle 99% of our graduate queries. Should a graduate have a question that our graduate support team can’t answer, it personally comes through to Cherie to resolve (while the graduate support team listen in so they learn). At any point in time, any graduate of Renovating For Profit can specifically talk to Cherie at request however in doing so; we ask you be respectful of Cherie’s time and leave 1:1 sessions to more complex discussions that the graduate support team can’t answer. Should any graduate wish to speak to Cherie, simply call our office and a meeting time will be allocated and put into Cherie’s diary for you. Cherie prides herself on being accessible to her graduates and does not charge additional fees for her time nor does she sell an advanced mentoring program at an exorbitant rate.
WHO IS CHERIE BARBER?
Cherie is a full-time professional renovator and educator to thousands of graduates around Australia. She is considered by many to be Australia’s leading expert on how to successfully buy, renovate and sell residential property for a profit. She is prolific in the Australian media and was subsequently dubbed by the media as Australia’s Renovation Queen. She consistently averages 6 figure profits on every renovation she touches and now shares her knowledge and experience on how to successfully renovate for profit. Please CLICK HERE to read more About Cherie & Her Projects.
DOES CHERIE STILL RENOVATE TODAY OR IS SHE MAINLY CONCENTRATING ON HER PUBLIC SPEAKING & MEDIA COMMITMENTS?
While Cherie’s public speaking and media commitments consume a fair degree of her time these days, she is adamant to always be a practitioner of what she preaches. As for her projects in 2011, Cherie currently has a major structural renovation in progress, has already completely overhauled a property inside and out in 2 weeks cosmetically in January of this year and has completed a cosmetic renovation to a small office in April 2011. Cherie is keen to acquire further unrenovated properties in her target areas of Balmain, Rozelle and Lilyfield and is willing to pay anyone a site scout / spotters fee for any property she acquires. She’s adamant she will still be renovating when she’s 70.
WHY WOULD CHERIE TEACH OTHERS HOW TO SUCCESSFULLY RENOVATE FOR A PROFIT AND THUS CREATE COMPETITION FOR HERSELF?
There are so many renovation opportunities in every suburb and typically within every street. Australia is a country bursting at the seams with unrenovated properties. Seriously, there is so much opportunity out there, this is not an issue. Even now, a number of Cherie’s graduates are now operating in her target suburbs. In Cherie’s view, there are enough good deals for everyone regardless of what suburb you’re in.
CAN I SPEAK TO ONE OF CHERIE’S STUDENTS BEFORE I ENROL IN HER PROGRAM?
Renovating For Profit use to allow undergraduates (the general public who have not undergone our training) to speak to our graduates. Unfortunately we had to discontinue this as many members of the public were abusing the use of our graduate’s time, absorbing long periods of time on the phone or on their renovation sites and attempting to glean strategies and key contacts without investing in their own education. At the request of graduates, we ceased allowing undergraduates to speak to graduates in mid 2010. Please CLICK HERE to see testimonials from some of our very early workshops back in 2009