Using Other People’s Money (OPM) to continue your Property Journey – Adam Barry

Patricia
September 7, 2022
- All Episodes

Show Notes

Did you know you can buy a property for $0?

I feel just because I have slick hair that you’re waiting for me to throw in the steak knives to go with it……

Nope!

The crazy thing is, this it’s not a scam.

Many property investors are using OPM or Other Peoples Money to continue their investing journey.

This is through joint ventures, silent partners, money partners, deal finders, developers and no institutional lending.

Quite the mouth full but we’re lucky to have Adam Barry on the live session tomorrow night at 7:30pm NSW time.

Join us as he breaks it all down into easy-to-understand terms without holding anything back.

What questions have you got for someone like this?

Topics we’ll be talking about include:

The Process involved in using OPM to continue your property journey – We’ll unpack the steps and processes you need to know. This one is bound to be juicy, insightful and actionable!
How to perform due diligence to make sure you’re investing in a profitable deal (will be helpful for investors at all levels)
The Numbers behind a real case study (I believe including an address of the deal)

Episode Highlights

0:10:44 Adam’s First Property Investment

0:20:44 What are some of the small mistakes made that cost you 30-40%?

0:22:44 When did you start bringing other people’s money into these deals?

0:27:05 What are the various components that make up other people’s money?

0:39:23 Have you returned a loss? If so how does that feed back to the borrowing partner and the cash partner?

0:47:18 What are some of the things that we should be looking out for when it comes to selecting a builder?

0:55:06 What is the best way to start If I wanna be a developer?

1:05:42 What’s the general timeframe turnaround for keeping the front house, renovate the front house and put 1,2 3 at the back?

1:11:56 Is the state control all the planning in WA?

1:17:12 Property Overview: Mount Lawley

1:30:24 Return of 54% between 24 months or 36 months are very different p.a return. How do you manage expectations of money partner at the start?

1:36:40 Let’s Say I have 50k to invest and in total there are 5 people. Can you please give an example, how things would be?

1:40:15 With Builders are folding and material cost are on the rise, how do you metigate risk here?

1:43:50 How do you get resi lending instead of devlopment lending? Do you delay GST by registering new company for each project, pay GST later on when selling?

Episode Resources

Connect with Adam Barry: https://www.developcapital.com.au/

Joe Tucker of Property Principle – https://propertyprinciples.com.au/

Other Guests On Our Lives

Chris Gray, Amanda Farmer, Steve Palise, Nathan Birch, Todd Sloan, Cate Bakos, Mike Mortlock, Lloyd Edge, Karen Baldwin, Rob Flux, Kent Lardner, Charley Valher, Bernadette Janson, Pete Wargent, Melinda Jennison, Bushy Martin, Michelle Lewis, Peter Koulizos, Jane Slack-Smith, Joe Tucker, Jordan De Jong, Scott Aggett, Belinda Smith, Jef Miles and more.