PREER in Cremorne, Victoria, Australia | Property investment firm

PREER

Locality: Cremorne, Victoria, Australia

Address: 501/4-6 Gold St 3121 Cremorne, VIC, Australia

Website: http://preer.com.au

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• Property
• Property developer
• Property investment firm

25.01.2022 If life were predictable it would cease to be life, and be without flavour. If you are going to write your own memoir one day, what would you put on it?

25.01.2022 When it comes to property development, one of the most important things is the ability to exit the deal. Because this is when the real profit is realised. Speaking of exit, it can be in many different ways, shapes and forms. If you are not going to develop the physical property yourself, one of the most common exit strategies is to package a deal and flip to a developer. You might have heard, seen or experienced this before. But few has ever talked about what you can do to ...consistently and systematically build a database of qualified buyers who you can feed a deal. In this video, I want to show you a simple way to assemble your own blackbook of real estate players (BUYER). Nothing complicated, nothing special. The best part is that it only takes 5-10 minutes a day. Enjoy.

24.01.2022 Yesterday, I got my brand new Porsche 911 delivered. However, a lot of my friends were confused since I'm the guy who always tells them not to spend money on luxury items (e.g., cars, boats) because they depreciate in value. Here's the truth of the matter.... The issue is not to buy a luxury car; the question is how you buy it. To me, it's unwise to use your hard-earned savings to pay for self-indulgence. However, it's a totally different story if you roll your savings into a long term asset, which spins off cash flow to pay for any luxury goods you want. That was what I did. A year ago, I decided I wanted a brand new Porsche, and "Project Porsche" was born. I decided to shoot a crash course on how I did it. The video is about 40 mins long. However, I bet you'll get great value out of it. This crash course consists of two different pieces of training: 0:00 - 15:00: Showing you how "Project Porsche" works. 16:00 - 40:00: Showing you "the world's most advanced money management system." Of course, between 15:00 min- 16:00 min, there is a sneaky car pick up scene. Once again, if you like the content and want to receive more in-depth training on property development/investment, you can join our private FB group - https://www.preerfb.com/

24.01.2022 Today's video was supposed to be only 10 minutes long. But guess what? We successfully turned it into a full 30 minutes cram course again :)... Anyway, sometimes we just can't help ourselves. Here are a few things we demonstrated: 1. Explain the concept of Capex 2. A case study on how you can bank more than 100% return on your capital in little under 8 months 3. A business model of how you can create 6-figure profit from a property without being the owner and having the start-up capital. 4. Last but not least, how you should structure the deal. Enjoy. If you like the content and want to receive more in-depth training on property development/investment, you can join our private FB group - https://www.preerfb.com/

21.01.2022 Whenever people ask me how do I create wealth in property, my typical answer is - "slowly." While this might not sound very appealing to you, it's indeed my secret sauce. One of the pitfalls property developers fall into is that we get carried away focusing on making big windfalls.... But at the same time, we tend to underestimate the potential of exponential capital growth an underlying asset would generate over ten years. E.g. A lot of times, you might bank the same amount of profit if not more by purely holding the site for a couple of years, instead of taking the risk and developing it in the first instance. Contrary to people's belief, when I look back over the last 11 years, the bulk of my wealth was not made from active development (development certainly helped me fast track the progress). Instead, it's from compounding capital growth of the underlying assets I kept as a result of my development profit. In today's video, I'll show you my thought process on why I keep an asset as my development profit, what type of asset I'm looking to keep, and, more importantly, what to do to optimise its capital growth and cashflow performance. Once again, if you like the content and want to receive more in-depth training on property development/investment, you can join our private FB group - https://www.preerfb.com/

19.01.2022 Recently I've had a lot of chats with many of my developer friends. A common theme I've discovered is that they all seem to have issues securing presales. (which is required to trigger the funding for construction) Here are two major problems: 1. A lot of developers would rely on a real estate agent for presales but a real estate agent is as only as good as the market. In a tough environment, there is very little an agent can do.... 2. A lot of developers only have (or know) 1 or 2 major ways of distributing the stock. And when the project gets big, these limited distribution channels quickly dry up. If you are facing similar challenges, today's content might help you. By the way, here's the link to join our private FB group - https://www.preerfb.com/

16.01.2022 Some random thoughts on how to handle adversity. If you are facing a challenge that seems to be impossible to overcome, this video might help you.

13.01.2022 One of the most overlooked aspects of a project is coordinating the final valuation for your purchasers. A poor valuation result could restrict the amount of money your purchasers can borrow, and in turn, impose a settlement risk for you as a developer. On the other hand, if the valuation comes in higher than the original purchase price, it not only de-risks the settlement, but it makes you look like a hero to your buyers.... In today's video, we show you how to influence a valuer and ensure a good valuation result. Once again, if you like the content and want to receive more in-depth training on property development/investment, you can join our private FB group - https://www.preerfb.com/

12.01.2022 Ever heard of adding value to a property by obtaining a DA or permit? It's true that having a DA in place can significantly increase the value of a property. But as counter-intuitive as it sounds, not all DAs will enhance a property's value. Because a development approval can be a double-edged sword, if executed poorly, it can significantly diminish the value of an asset.... The issue is not to have a DA, the issue is to have the "right DA." This is exactly what happened to one of the sites I was assessing. By the way, we are about to launch our private Facebook group where I will dive deeper into the subject. To learn more, head to https://www.preerfb.com

10.01.2022 Want to succeed in property? Here's one of the most important skillset you have to possess.

09.01.2022 This could be one of the coolest training videos I ever released. In under 35 mins, it will transform your (future) development career into a whole new level. If you have any questions, feel free to leave a comment below.

07.01.2022 When it comes to selling your project off the plan, it's essential to create a point of difference. For example, in a budget area, you'll gain an unfair advantage by going the extra mile and giving some serious consideration to spec up the internal finish while everyone else is delivering homes with the standard cookie-cutter specification. On the other hand, in an area filled with high-end homes, merely focusing on design & quality of the material no longer makes it unique. ...Instead, you should focus on the meaning behind the design and people's emotions. (you know the intangible stuff) In today's video, we show you an example of how we sold out the project (in a modest suburb) in record time. All it takes is to be a bit mindful in the interior design (especially in the kitchen and bathrooms). The best part is that our construction cost remains the same if not cheaper when compared with other standard developments in the area. Once again, if you like the content and want to receive more in-depth training on property development/investment, you can join our private FB group - https://www.preerfb.com/

07.01.2022 I'm excited to announce that we are officially launching Project Bloom. We shot this piece a few months ago in anticipation of this exciting project. However, the permit process was delayed by the council (who would have thought ). What's interesting about the unforeseen delay is:... 1. The timing is NOW perfect. (the market is waking up) 2. The turnaround of the market actually backs up the Core Message I delivered in the Film. Anyway, if you are a savvy investor and are looking to ride the market uplift with a real property tailored for local families, we should talk. Want to know more? Simply head to https://bloomhomes.com.au/invest/

07.01.2022 If you are a savvy property investor/developer, you'll find this case study beyond impressive. It's electrifying. It shows you how one of my private clients created a $400,000 passive income over the last 12 months. Some people would call it a deal of a decade. And some people would call it pure luck.... I'll let you be the judge. Enjoy. P.S. If you are one of the selected few who believe in creating your own luck and have the ambition to generate 6-7 figure income in the next 12 months, you might be interested in https://www.leiprivateclient.com/

05.01.2022 If you are a budding developer or a seasoned pro who's looking to scale up your development operation, you will like this. In today's video, we will show you what we do to quickly work out how much we can pay for a development site. To a lot of people, the process is a bit mysterious when it comes to valuing a property based on its development potential. However, there does exist a way for you to work out its real value.... The best part is that you don't need a superpower, there's a process to it. In this video, we not only show you how we assess a deal but the steps to follow. The video is about 30 mins long. But it could be of an enormous amount of value if you watch the whole thing. Enjoy. By the way, if you like the content and want to receive more in-depth training on property development/investment, you can join our private FB group - https://www.preerfb.com/

04.01.2022 Whether you are a budding developer or an experienced one, do you ever have the following issues? Your development margin is too thin. The vendor is asking too much, and you can't seem to make the deal stack. You can't obtain the finance because the project margin is too low.... If yes, you are going to love this case study. For any given project, there exist multiple variables that either increase/decrease your revenue or increase/decrease your cost base. And how you tackle and manage these variables has a profound impact (positive or negative) on your net profit. If managed well, you can enhance the profit margin of a project by almost 100%. The devil is in the details. In today's video, we showed you how we literally doubled the net profit from a small four townhouse development. Enjoy. Once again, if you like the content and want to receive more in-depth training on property development/investment, you can join our private FB group - https://www.preerfb.com/

04.01.2022 Office project under construction. Riding the wave of share economy, creative share office is a space definitely worth watching. With the advancement of technology and connectivity, the demand for larger office space is shrinking. We might do some detail case studies on project like this in our upcoming private FB group. If you haven’t joined, you can register your interest at https://www.preerfb.com

02.01.2022 You are going to love what we got here for you. Builder selection is one of the most overlooked aspects when it comes to development. Having a wrong builder will cost you not only dearly but also seriously affect your project delivery (and reputation). On the other hand, with the right builder onboard, you will not only deliver the project on budget and on time. More importantly, you can leverage their experience and construction smarts to reduce the cost significantly. ... In today's video, we dive into detail on our builder selection process. If you are interested in being a seasoned developer, you will certainly enjoy this video. As always, if you want to know more about what we do day-to-day to outsmart, outcompete and outsource traditional developers, you can apply to join our private Facebook group via https://www.preerfb.com. The entry is Free, but it does have a string attached. You can see the full scoop on https://www.preerfb.com.

02.01.2022 If you've done it before, then I'm sure you would agree - property development is risky. It's risky because there is a large amount of capital involved and the consequence of failure is non-trivial. There's a stack of activities ranging from site acquisition, DA, finance, sales, construction, all the way to final settlement. And it doesn't take many mistakes to wipe you out completely.... This is why it's imperative to have a thorough due diligence process in place before you decide to purchase any development site. In today's video, I'll show you how one little word in the purchase contract can kill the whole deal (and cost me thousands of dollars). Had we not picked it up, the consequences could have been severe... Once again, if you like the content and want to receive more in-depth training on property development/investment, you can apply to join our private FB group - https://www.preerfb.com/

01.01.2022 THIS IS DIFFERENT. I know, I know. The last thing you want to see now is just another post about the Conoravirus. But this one's different. No positive thinking, no selling fear, and certainly no newsjacking.... If you are in real estate and are a bit concerned about health, economy, and business (particular property sector), please DO INVEST the TIME and watch the entire video. It's just 36 mins long but contains critical information that will benefit you health-wise, business-wise as well as personal finance. Let's get to work. 0-15 min: What's going to happen AND the worst-case scenario about this pandemic. 16 - 36 min: Business talk - What this means for your personal finance, real estate venture, and economy. If you have any questions or thoughts, please leave your comments below. Stay frosty and stay focus. Cheers, Lei

01.01.2022 This could be a new way to showcase some of our projects. Maybe I should do this more often in the future instead of wasting money on building a display. By the way, if you are looking to purchase a new home in the Eastern Melbourne region and are looking for something beyond bricks and beams, you might be interested in https://bloomhomes.com.au/