If you're completely new to development, Gus has recorded a free masterclass for you to learn about some of the key terms and key rules of thumb.
In this 20 min course we will cover:
• What is a development appraisal
• How to value land
• Buyers remorse
• Typical terms and rules of thumb
• Managing your cash
• A quick comparison of development appraisal tools
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A development appraisal is the financial assessment that establishes the viability of a project and is an essential tool for any would-be developer.
This online course is led by Developer Collective co-founder, Gus Zogolovitch and as part of the course fee, you will get to keep Gus’s bespoke development appraisal template.
Before taking the course please make sure you have watched the free online course - an introduction to property development - we will send you a link once you have registered.
The course will be in two parts- theory and practical. In the first half Gus will go through the template and explain the variables and risks associated with development including costs and overheads.
The second half is a practical exercise to complete in your own time. We will send you details of a small site recently sold at auction.
Once you have completed the template by yourself, we will send you a link to the second video where Gus will take you through his calculations that will show the total development cost and profit.
You can also post questions and comments and Gus or one of the team will answer them. The course videos have no expiry and you will be able to refer back to them as often as you wish.
All attendees will also get an exclusive invite to a closed group of development support and opportunities so that you can get continued advice and networking opportunities even after the course.
There are plenty of small sites out there but how do you find them? The second masterclass will help get you started on your land-hunting journey with first-hand knowledge on how to find and pitch for small sites.
We will be looking at the following:
Securing the finance for your first development can be tricky as no one wants to lend to developers without a track record – but how do you establish a track record without the finance? In this two-hour class we examine the different routes to securing funding.
We will be looking at the following types of finance
In ‘Doing the deal’ we look at the various types of offers you can make on bits of land – when do you offer STP and when do you offer STC? What is an option and when does overage apply?
We also look at some ways to get started and how to buy land without any money!
Like all of our masterclasses, we end with a practical exercise to implement what you have learned.