Platinum Accelerator National Conference – November 2024
Welcome to the Platinum Accelerator National Conference November 2024
The final Platinum Accelerator National Conference of 2024 was held live in-person on the beautiful Sunshine Coast.
Download the Platinum Accelerator National Conference Workbook before you begin the replay if you want to take notes to consolidate your learning and for future reference.
Session 1: Card Game
In this engaging and transformative session, participants embarked on an interactive journey to build connections, foster vulnerability, and gain self-awareness through a unique card-based networking exercise. This session was designed to challenge comfort zones, encourage introspection, and strengthen the community spirit among attendees.
Here’s what you’ll experience and learn from this session:
Pushing Beyond Comfort Zones: The session begins with randomized seating arrangements to encourage attendees to step outside their comfort zones. This strategic change fosters new interactions, ensuring participants connect with individuals they might not have otherwise engaged with.
The Power of Vulnerability: Using a card game, participants take turns answering thought-provoking questions. This activity encourages openness and sharing, creating a space where vulnerability and honesty are celebrated. The exercise highlights how sharing personal insights can lead to deeper connections and mutual understanding.
Diverse Perspectives: As attendees share their experiences, the diversity of life stories, fears, and aspirations becomes apparent. Participants learn the value of empathy and the beauty of finding common ground despite differences.
Overcoming Fears and Patterns: Key questions, such as identifying personal fears or recurring life patterns, prompt participants to confront and reflect on challenges like procrastination, fear of loss, or self-doubt. These insights pave the way for personal growth and actionable changes.
Engagement and Active Listening: The session demonstrates the importance of leaning in and genuinely listening. Participants practice attentiveness and acknowledgment, enhancing their ability to form meaningful connections.
Actionable Reflections: After the game, attendees document their insights on a worksheet, reflecting on favorite questions, key learnings, and actions they can take to improve their property journeys and personal growth.
Key Takeaways:
• Human Connection: Sharing vulnerabilities fosters trust and empathy.
• Personal Growth: Reflection on fears and habits leads to actionable insights.
• Empowerment: Facing discomfort leads to breakthroughs in mindset and behavior.
By the end of the session, participants emerge with a greater sense of community, a clearer understanding of themselves, and actionable steps to enhance both their personal and professional lives. This empowering experience sets the tone for the rest of the conference, emphasizing growth, connection, and the courage to move beyond fear.
Action Items
• Explore circular breathing techniques with Harold and connect with him further.
• Engage with Raylene’s offerings, including her declaration cards, journal, and membership program.
• Attend Raylene’s Qigong session
Session 2: Numerology for Success
In this session, you will explore numerology as a fascinating blend of mathematics and spirituality that uncovers patterns in life. Sarah introduces the concept of numerology, explaining how it uses numbers to reveal insights about personality, challenges, and purpose.
Through your date of birth, you’ll discover your life path number, which represents your core essence and guides your journey. Sarah also explains the significance of numbers 1 through 9, as well as the powerful master numbers 11 and 22.
Applying Numerology in Everyday Life: You’ll learn how to calculate your own life path number and see how it connects to your personal journey, challenges, and key turning points. By recognizing patterns and predictions through numerology, you can better understand pivotal ages, personal years, and their influence on your growth and achievements. Sarah illustrates how this ancient system serves as a guide for navigating life’s decisions and events.
Healing and Connection Through Numbers: Numerology offers more than just insight—it fosters healing and connection. You’ll discover how it deepens self-awareness and strengthens relationships by enhancing your understanding of others. Sarah demonstrates how numerology aligns with chakra energy, showing you how to harmonize your personal energy with your life path for improved decision-making and inner balance.
Numerology in Property: In the realm of property, numerology takes on a practical dimension. House numbers, for instance, influence the energy of a home or investment property, reflecting qualities like creativity, stability, abundance, or spirituality. Sarah shares real-life applications for using numerology in choosing properties, analyzing deals, and making decisions that align with your goals.
By the end of the session, you’ll be empowered with practical tools to begin your numerology journey. From understanding birthdates to interpreting addresses, Sarah provides straightforward calculations and methods to incorporate numerology into your life. You’ll also see how this practice can heal past traumas, build confidence, and foster forgiveness within families and partnerships, offering a pathway to personal and relational growth.
Action Items
- Explore numerology further and learn more about one’s life path number.
- Attend Sarah’s upcoming numerology class on elevens and twos.
- Follow up with Sarah for a one-on-one numerology consultation.
Session 3: Overcoming Obstacles
This session delves into the complexities of dealing with council delays and approval roadblocks, emphasising the importance of proactive communication and creative problem-solving.
Participants learned that delays often stem from inefficiencies or miscommunication within council processes, making it critical to build relationships with key decision-makers. For instance, in one scenario, a delayed DA approval was resolved by identifying the appropriate council contact and engaging a specialised engineer to address stormwater issues.
This highlighted the value of being flexible and persistent, as well as the importance of seeking expert advice to develop innovative solutions that align with council requirements.
Overcoming Funding Obstacles: One of the most common challenges in property development is securing and maintaining funding. The session explored a scenario where a lender withdrew financing close to settlement, forcing the developer to find alternative solutions. The importance of re-evaluating property values and exploring private lending options was underscored as critical strategies to navigate such situations. Participants also learned the value of maintaining strong relationships with financial brokers and advisers, who can provide access to creative financing options. The takeaway: resilience and adaptability in the face of financial hurdles are key to keeping a project on track.
Building Resilience in Negotiations: When neighbours’ approval becomes a barrier, effective communication and empathy are vital. In a real-world example, developers faced resistance from neighbours over stormwater easements. The session demonstrated how understanding the neighbours’ concerns, documenting refusals, and working closely with council planners helped to overcome the impasse. Participants saw the power of shifting perspectives and engaging with stakeholders collaboratively to build rapport, negotiate fairly, and find acceptable solutions. By employing these tactics, even the most challenging negotiations can result in a favourable outcome.
Staying Agile During Market Uncertainty: The session highlighted the need to adapt when market conditions take an unexpected turn. In one scenario, a regional property failed to sell despite extensive renovations and staging. Instead of accepting a financial loss, the developer transitioned the property into an Airbnb rental. This approach not only generated cash flow but also maintained the flexibility to sell when the market improved. By leveraging co-hosting arrangements to manage the property remotely, they ensured professional upkeep and an attractive presentation for potential buyers. This example showcased how creative thinking can transform a difficult situation into an opportunity for sustained profitability.
Leveraging Personal Resources and Networks: Participants were reminded of the importance of resourcefulness and utilising personal networks to overcome financial challenges. When a delayed JV project strained cash flow, the developer turned to family for support, secured a private loan, and took on temporary employment to fund a renovation. This example illustrated the value of stepping outside one’s comfort zone to pursue solutions that ensure progress. The session emphasised that, while these steps may be challenging, they can provide the stability needed to achieve long-term success.
The session underscores that challenges are inevitable in property development, but they are also opportunities to build resilience, creativity, and problem-solving skills. By focusing on solutions, leveraging relationships, and maintaining adaptability, participants gained a deeper understanding of how to navigate obstacles and drive their projects towards successful outcomes.
Each challenge presented is a chance to grow, reinforcing that success is not about avoiding problems but about the ability to overcome them with determination and strategic thinking.
Action Items
- Reach out to the council planner to understand the reasons for the delays.
- Explore options to rework the civil engineering plans to address the council’s concerns.
- Organise a meeting with the council to present the revised storm water management plan.
- Investigate the possibility of a private lending solution to fund the renovation shortfall.
- Explore Airbnb co-hosting as a short-term rental option to generate income while the property is on the market.
- Negotiate with the buyer to potentially accept a delayed settlement or vendor finance arrangement.
Session 4: Health Talk: Understanding Hormones and Their Impact on Wellbeing
In this session, you will explore how key hormones impact your physical health, mental clarity, and emotional balance. By understanding serotonin, melatonin, cortisol, oxytocin, and dopamine, you will gain practical strategies to optimise your wellbeing and create a balanced, healthier lifestyle.
Serotonin: The Hero of Calm and Healing Serotonin is introduced as the “hero” that fosters calm, creativity, and long-term thinking. You will learn how sunlight, tryptophan-rich foods, and a healthy gut support serotonin production, enhancing sleep, metabolism, and reducing inflammation.
Cortisol: The Villain of Stress: Cortisol is presented as the “villain” of chronic stress. While it prepares the body for action, prolonged levels disrupt sleep, drain energy, and harm decision-making. You will discover techniques to manage stress and reduce cortisol naturally.
Melatonin: The Damsel of Restorative Sleep: Melatonin is explained as the hormone responsible for deep, restorative sleep. You will learn how reducing evening blue light exposure and creating a calm bedtime routine can improve sleep quality and support overall health.
Oxytocin: The Queen of Connection: Oxytocin is introduced as the “queen” of connection and emotional resilience. You will explore how touch, meaningful interactions, and spending time with loved ones boost oxytocin, promoting trust, generosity, and reduced stress.
Dopamine: The Double Agent of Reward: Dopamine is revealed as the “double agent” that motivates action but also fuels addictive behaviours. You will understand how to use dopamine constructively by setting meaningful goals and avoiding reliance on instant gratification.
You will leave this session equipped with actionable steps to optimise your hormonal balance, including better sleep habits, mindful technology use, and dietary changes. These strategies will empower you to enhance your physical and emotional health, fostering long-term resilience and wellbeing.
Action Items
- Join the 12-Week Transformation program starting in March 2025.
- Implement strategies to manage blue light exposure, such as using yellow light filters and limiting device use after 7 PM.
- Spend 15 minutes in morning sunlight to stimulate the pineal gland and serotonin production.
- Explore opportunities to increase oxytocin through physical touch, social connection, and time in nature.
Session 5: Design And Land Whispering
In this session, you will gain insights into creating architecture that harmonizes with the land while enhancing the emotional experience for its occupants. You’ll explore how to approach design with intention, integrating the unique characteristics of the land into structures that foster security, connection, and sustainability. Here’s what you’ll learn from this session:
Land Whispering: You will discover the concept of “land whispering,” which involves understanding and respecting the natural energy and features of the land. Adrian Ramsay will guide you through how to identify sacred or significant spots on a property and preserve them to create harmony between the land and its occupants. By tuning into the energy of a site and working with its natural contours, you’ll learn to design homes and developments that are sustainable, livable, and emotionally enriching.
Design Magic: The session introduces you to “design magic,” a process for aligning dreams, budgets, and practicalities. You’ll learn how to identify the emotional drivers behind your projects and create spaces that evoke joy, security, and connection. Adrian will share his approach to combining the dream with the financial reality to produce beautiful and functional outcomes.
Emotional Floor Plans: Adrian will walk you through the idea of an “emotional floor plan,” a method of designing spaces to support specific emotional needs. Whether it’s a kitchen that fosters connection or a bath that serves as a personal sanctuary, you’ll see how to map out rooms based on the feelings they should evoke. This approach ensures that every part of the home contributes to the occupants’ well-being.
Preserving the Land’s Integrity: You’ll explore the importance of minimizing the disruption of natural features, from flora and fauna to wind and light patterns. Adrian discusses how thoughtful design choices can protect the ecosystem while creating spaces that feel more connected to their environment.
Trend Forecasting: Learn about the latest trends in architecture and interior design, including the resurgence of curves, natural materials, and biophilic design. Adrian will discuss how these trends respond to our growing need for harmony and connection to nature, helping you stay ahead of the curve in your own projects.
Real-Life Applications: Through real-world examples, you’ll see how Adrian has applied these principles in his own projects. From rethinking layouts to preserve the best features of a site to working within constraints like regulations and budgets, these stories will provide practical insights into integrating these ideas into your own work.
Creating Timeless Designs: Adrian will also share tips on how to use materials, light, and texture to craft spaces that feel timeless yet modern. By focusing on creating emotional connections and balancing boldness with subtlety, you’ll learn how to make designs that resonate deeply with clients and stand the test of time.
By the end of this session, you will have a deeper understanding of how to create designs that respect the land and enhance the lives of those who inhabit them. Whether you’re working on dream homes or large-scale developments, the principles of land whispering and emotional design will help you approach projects with greater creativity and intention.
Action Items
- Download the trend forecasting reports from MC&Co.
- Follow up with Adrian about the project planning pack he mentions.
Session 6: Professionals Update: Key Legal, Financial, and Tax Insights
In this session, you will gain crucial updates on legal, financial, and tax developments affecting property and wealth management. Learn about avoiding common pitfalls like document backdating, Queensland’s new seller disclosure requirements, tax fraud scams, and innovative tools to enhance financial planning.
Backdating Documents: A Practical and Legal Warning: Derek highlights the legal and practical implications of backdating documents, which is strictly prohibited. Examples illustrate how backdating can lead to unnecessary complications, such as financial delays and penalties from regulators. The session underscores the importance of timely, accurate documentation and open communication with professionals to avoid these issues.
Enduring Powers of Attorney: Planning for Incapacity: The session emphasises the importance of having enduring powers of attorney (EPOA) in place alongside a will. Derek explains how EPOAs ensure clear decision-making during incapacity, covering financial, legal, and healthcare matters. Real-life examples show the complications of neglecting this crucial document.
Queensland Property Law Act Changes: New Seller Disclosure Rules: Kamal explains upcoming changes to Queensland’s Property Law Act, effective August 2024. Sellers will be required to disclose detailed property information, including title searches, encumbrances, unregistered leases, and tenant details. Buyers are reminded to perform due diligence, as key details like flooding history and structural soundness are not included in these disclosures.
Tax Fraud Scams: Protecting Your Information: Andrew warns about rising tax fraud scams, particularly targeting myGov accounts. He outlines common tactics, including phishing emails, SMS scams, and fake myGov websites, and stresses the importance of avoiding free Wi-Fi and verifying all communications with official sources. Practical tips include logging into accounts directly and questioning suspicious requests for personal information.
Victoria’s Tax Reforms: Stamp Duty and Land Tax Updates: Andrew details new stamp duty and land tax policies in Victoria. From July 2024, stamp duty on commercial and industrial properties will transition to an annual property tax, while temporary land tax surcharges remain in effect. These changes highlight the need for strategic tax planning when investing in Victorian property.
ATO Data Matching: Property and Lifestyle Asset Tracking: The ATO’s expanded data matching program is targeting property and high-value lifestyle assets such as motorhomes, boats, and thoroughbred horses. Andrew emphasises the importance of accurate tax reporting to avoid audits, particularly for capital gains tax and rental income.
New Tools: Wealth Tracker and Additional Borrowing Calculator: Andrew introduces new features on Wizdom Central. The Wealth Tracker offers automatic six-monthly snapshots of financial progress, while the Additional Borrowing Calculator allows users to simulate lending scenarios. Both tools are designed to empower smarter financial decision-making.
This session equips you with actionable insights to safeguard your wealth, navigate regulatory changes, and enhance financial planning. Key steps include ensuring proper legal documentation, staying vigilant against scams, and leveraging new tools for informed decision-making.
Action Items
- Ensure enduring powers of attorney are in place.
- Be aware of the new disclosure requirements for property sales in Queensland starting August 2024.
- Educate clients on the risks of tax fraud scams and the importance of protecting personal information.
- Inform clients about the new Wealth Tracker and Additional Borrowing Calculator features in Wizdom Central.
Session 7: Platinum Student Success Stories
This session celebrates the transformative journeys of students who achieved remarkable success in real estate investing. Each story highlights resilience, learning, and the power of community support.
Jo’s Journey: Jo, a single mom of four, shared how she went from financial struggle to thriving as a real estate investor. Through dedicated study in the Ultimate and Platinum programs, she leveraged her skills in networking and Excel to execute JV renovation flips, earning $455,000 in two years. Jo emphasised the value of staying focused on small, consistent wins and avoiding distractions.
Richard’s Development Success: Richard, a construction professional, showcases his $19 million industrial complex project. Despite its scale, he used his expertise to mitigate risks, achieving significant pre-sales and profits. Richard plans to balance smaller, manageable projects with building passive income streams like storage investments.
Darren and Karen’s Collaborative Growth: Darren and Karen shared how they rebuilt their finances through strategic deals, including a profitable JV on three villas and a townhouse renovation that added over $1 million in value. They highlighted the importance of patience, communication, and balancing chunk deals with passive income plans for long-term stability.
The session underscores the value of education, accountability, and collaboration within the ILRE community. These success stories not only showcase financial achievements but also demonstrate the personal growth and resilience that come with embracing challenges.
They serve as a reminder that persistence, education, and a supportive network can transform lives in real estate investing.
Action Items
- Register for the 2025 Cambodia trip to help with the RAW project.
- Follow up on the progress of the RAW project and stay updated on fundraising efforts.
Session 8: Group Buying
In this session, you will learn how to leverage the power of group buying to reduce construction and renovation costs without compromising on quality. This strategy is perfect for developers, renovators, and builders looking to maximise savings while maintaining professional standards. Here’s what you’ll gain from this session:
The Basics of Group Buying: You’ll start by understanding the concept of group buying—how collective purchasing power can unlock significant discounts on materials and services. By pooling resources and joining forces with others in the industry, you can gain access to better deals, exclusive products, and streamlined purchasing processes.
How Group Buying Works: You’ll discover how group buying organizations operate, from negotiating discounts with suppliers to managing orders through streamlined platforms. These organizations use the collective strength of their members to negotiate bulk discounts, saving you time and money.
Where to Find Discounts: Learn about the various ways to save money, such as:
- Bulk Purchasing: Teaming up with others to negotiate better rates.
- Seasonal and End-of-Line Discounts: Taking advantage of sales to secure materials at reduced prices.
- Second-Hand and Online Marketplaces: Exploring platforms like Facebook Marketplace, Gumtree, and AliExpress to find quality products at bargain prices.
- Importing from China: Understanding how to source materials internationally with minimized risks.
Practical Examples: You’ll see real-life examples of successful renovations and builds, showcasing the savings achieved through group buying. Whether it’s a small renovation or a new build, the numbers demonstrate how group buying can lead to significant cost reductions, such as saving up to 32% on materials for a renovation project.
Benefits of Group Buying Memberships: By joining a group buying organization, you’ll gain access to:
- Significant Cost Savings: Discounts on materials and services ranging from 20-40%.
- Convenience and Time Savings: Streamlined ordering and delivery processes.
- High-Quality Products: Access to reputable suppliers offering quality materials.
- Exclusive Deals: Members-only discounts and offers that aren’t available to the general public.
- Risk Mitigation: Local warranty and quicker resolutions for issues like incorrect or damaged goods.
- Cash Flow Management: Access to supplier credit for strategic budgeting.
Challenges and Considerations: You’ll also learn about the potential downsides, such as the time investment required for bargain hunting, the lack of warranties on second-hand items, and the importance of planning ahead to avoid stock shortages.
Membership Options and Benefits: You’ll explore different membership tiers available through group buying organisations and what each includes, from basic memberships offering significant savings to premium options with added benefits like showroom access and consulting services.
By the end of this session, you will be equipped with actionable strategies to save money on construction and renovation projects while maintaining quality and efficiency. Whether you’re renovating a single property or managing multiple developments, these insights will help you maximise your return on investment and take your projects to the next level.
Action Items
- Download and fill out the application form to sign up for the Australian Builders Network discounted membership.
Session 9: Managing Risk
In this session, you will learn the importance of understanding, assessing, and mitigating risks in real estate investments. Whether you are a seasoned investor or just starting out, mastering risk management will give you the confidence and strategies to navigate potential challenges effectively. Here’s what you’ll take away:
Understanding Risk:
You’ll explore the concept of risk and how it impacts real estate decisions. From the tangible risks of financial losses to the intangible fears driven by perception, you’ll learn how to distinguish between real risks and those amplified by emotions.
Types of Risks in Real Estate:
This session breaks down key categories of risks, including:
- Economic Risks: The financial implications of market shifts, cost blowouts, or bad investment decisions.
- Social Risks: How decisions can impact relationships and partnerships.
- Technological Risks: Dependence on systems that could fail, such as IT infrastructure.
- Natural Risks: Environmental challenges, including weather events and natural disasters.
- Political Risks: The impact of policy changes and government actions on investments.
The Risk Matrix:
You’ll learn to use a risk matrix to assess both the likelihood of risks occurring and their potential consequences. By categorising risks as low, medium, or high in probability and severity, you’ll gain a clear framework for prioritising what to address and how.
Case Study – Managing Risks in Property:
The session features a practical exercise where risks associated with a real estate deal in a flood-prone area (e.g., asbestos presence, mold, market collapse) are identified and assessed. You’ll follow along as risks are brainstormed, categorised, and addressed systematically, providing you with a replicable model for your own projects.
Mitigation Strategies:
Discover actionable steps to reduce both the likelihood and impact of risks, including:
- Implementing safety systems, like protective measures for dealing with asbestos.
- Educating yourself, tradespeople, and tenants about risks and safe practices.
- Using contracts, insurance, and legal tools to transfer or share risks.
- Engaging experts to provide accurate assessments and advice.
Balancing Perceived vs. Actual Risks:
You’ll explore how emotions and perceptions can skew your understanding of risk, such as overestimating rare dangers (e.g., shark attacks) while underestimating everyday hazards (e.g., car accidents). Understanding this distinction will help you make more rational, informed decisions.
Decision-Making Framework:
By the end of the session, you’ll be equipped to decide whether to:
- Avoid the Risk: Drop the deal if the risks outweigh the benefits.
- Accept the Risk: Proceed with measures in place to manage it effectively.
- Transfer the Risk: Negotiate terms to shift responsibility or liability, such as renegotiating with sellers or contracting third-party experts.
Real-Life Examples and Insights:
The presenter shares vivid examples, such as managing asbestos in a property, addressing tenant safety concerns, and navigating flood-prone properties. These practical stories reinforce key lessons and demonstrate how to apply the tools in real-world scenarios.
Empowering Tools and Systems:
By embracing robust systems and a methodical approach, you’ll transform daunting challenges into manageable steps. The focus is on shifting from reactive, fear-driven responses to proactive, solution-oriented strategies.
By the end of this session, you will have a clear understanding of how to identify, assess, and mitigate risks in your real estate ventures. You’ll gain practical tools to make confident, informed decisions, ensuring your investments are both profitable and secure. Whether it’s your first project or your hundredth, this session will help you manage uncertainty and take calculated steps toward success.
Action Items
- Identify the likelihood and consequence of each risk associated with the Lismore property.
- Determine ways to reduce the likelihood and consequence of the asbestos-related risks.
- Evaluate the option of renegotiating with the seller to transfer the asbestos-related risk.
- Ensure proper disclosure and communication with tenants regarding the presence of asbestos in the property.
- Clarify the legal requirements around covering or sealing asbestos in the property.
- Engage a competent and thorough building and pest inspector for the property.
PANC was recorded LIVE at Twin Waters on the Sunshine Coast 30 November – 1 December 2024
