Jack Gould, 24, is looking at profit of $490,000 on his current developments. Picture: Jono Searle.“At the moment I am doing $5.98m worth of developments in Brisbane with an projected profit share of $1.02m. From this I will be earning a projected $490,000 and I also have two investment properties and live in a waterfront penthouse,” he said. “I do this fulltime now and I am doing all of this with none of my own money. I also just finished writing a book about how I overcame drug addiction to run my own successful business.”Ms Cooper said they were in a privileged position.“It’s pretty good,” she said. “Not many 20-year-olds can say that. It’s an amazing vehicle to get you where you want to be.”She now plans to take three months off to work in a summer camp in the US.“It’s something I’ve always wanted to do,” she said, “then come back and look at my next property.”Her advice to other millennials was to ignore the naysayers: “Don’t let all the negative comments get to you … Just educate yourself. Money is easy to get. Learn from people who have done it. Don’t listen to people who haven’t done it.” More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoNaomi Cooper on site in Shailer Park – her first development project. Picture: Jono Searle.“The biggest eye-opener is just how accessible property is,” she said. “There are so many people complaining about how hard it is to get into the property market but the issue isn’t their age or money, the issue is their knowledge and education.”She said the program showed her how it was possible to use other people’s money and work around common ways people get into property. “I go to someone who has a lot of money and say you have money but don’t have time, invest and I’ll give a 20 per cent return and split the profit 50-50.”Mr Gould, who’s writing a book about his experiences and speaks at school assemblies about property, said his goal was to earn $1m next financial year. Naomi Cooper, who’s looking at profit of $90,000 on her first renovation project, and Jack Gould, 24, who’s looking at profit of $490,000 on his current developments. Picture: Jono Searle.A 90-SECOND pitch will land a 20-year-old developer $90,000 today, part of a program that’s changing Gen Y lives by making them property moguls.Naomi Cooper, 20, and Jack Gould, 24, were part of a 26-week intensive program called The Property Games, which teaches Gen Y participants how to succeed in property development and helps them tee up with investors to do so.Ms Cooper will today accept a profit cut of over $90,000 for a Shailer Park development, while Mr Gould has several Brisbane properties under construction where his profit will be $490,000.Property Games co-founder and chief executive of the Future Housing Taskforce Kevin Doodney said the program started after a debate over why millennials were not getting into property development – which he argued was matter of education.“I said you can select any kid from Australia from 18 to 22 and we could teach them to be good developers for rest of their lives, the only thing that separates them is ability and confidence. If we can teach them all those things in 26 weeks, they can be successful in property.”Seven were selected off 90-second video pitches made to judges – from Geelong to Sunshine Coast, Tasmania and Charters Towers.“We knew nothing (about them) other than their pitches,” Mr Doodney said. “Last year one was a junkie, and he’s completely reformed now. They had no money and no jobs at the time.”.Ms Cooper subdivided and developed a Hester Street property in Shailer Park, where her joint venture partner put up the initial property at about $550,000, with a deal to split the profits 50-50. Some of her biggest costs were over $33,000 for concreting, renovation of over $28,000, over $16,000 in earthworks, over $16,000 for council works, close to $16,000 in bank interest, and over $10,000 in engineering.
ebwufoxu October 6, 2020 admin