Our names are Troy and Donna and we attended Property Options with Mark Rolton last year and since that time have used Mark’s knowledge and ideas to really propel ourselves forward with our properties and make some serious money for ourselves.

Step 1: Getting Started

What I most liked about Mark was that his knowledge was unbelievable! Not once did he not have an answer to a question! What I had come to realise was this guy has done it all! Been in all different situations and has come out the other side learning from his experience! The hard road! And he was very genuine. This appealed to us.
 
After the 3 day seminar we joined Conclave. Conclave is a more detailed step by step learning of how to build your own projects and become a developer. Conclave has opened our eyes even further and made us realize we could achieve results we thought weren’t possible, in a short time frame. We came away from Marks Conclave program realizing we did not need a huge amount of dollars to still make money out of real estate.

Step 2: Find the Deal

Mark always says to focus on your backyard and know it well. Well our backyard is Sydney and we’ve always loved property – so we knew what the market was like in our area very well. We started looking for deals that fit our criteria.

Step 3: Choosing the Right Strategy

The thing we loved most about Mark was the huge variety of property strategies he teaches – not just Options. So we have used a combination of different strategies in our property deals.
 
We’ve taken everything we’ve learnt in the past two years and put it into action. Here are just two of the deals we have put together:

Deal 3: Renovating a Property Under Option!

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Our latest project is a Mark Rolton special! Without Marks knowledge we would not even thought of this.

We noticed a house in our area that was very badly marketed. If you’ve not worked it out yet we are big on renovations. The house in question needed work done to it and was badly marketed and had sat unsold for a long period of time. We approached the agent to see if the owner was open to being a little creative, as she had no serious offers.

We thought, why don’t we put one of Marks theories to the test! We decided to use an Option to control a property and then renovate it during the Option time. The asking price was $980,000, so we put forward an offer $60,000 over the asking price with a 10% deposit and permission to get access to the house to renovate.

Now don’t get me wrong this took a little bit of time, but getting to understand the owner’s needs and making sure that they felt comfortable in what we were doing as well as assuring her she was welcome to view at any time. To date she has only ever been around once, as she feels more than comfortable in what she has seen us do to the property.

We settled our 10% deposit in mid February of $ 104,000 this gave us access to a property worth a million dollars, since then we have fully gutted the entire house and are close to completing the renovations.

Purchase price $ 1,040,000 and remember that we also live 12 months rent free. The rent would have costs us $ 40,000 for the year – so really we paid $20,000 over the asking price.

  1. Deposit of $104,000
  2. Renovation costs: $220,000
  3. Valuation: $1,550,000
  4. Profit: $176,000

Now if we want to sell straight away there is a profit of $ 176,000 but we intend on staying in this house and using this as our Principal Place of Residence. It’s our dream home and we’ve renovated for ourselves and couldn’t be happier!

Effectively we used an Option to secure a million dollar house and renovated it and are living in it rent free. After our renovations we have increased the value of the property by $500,000. When the Option expires and we settle on the property we will be asking for a loan of $1,0404,000 even though the property is worth $1,550,000 – the bank will think it’s a stonker of a deal. We have used the power of Optioning to now live in a million dollar plus home that is fully renovated

– so we are thrilled!

Deal 4: Another Renovation

This is not our only deal we also love to renovate homes and know that this also forces massive value onto property.

We found a great unit in our area and renovated and held it for 12 months to reduce our capital gains. We didn’t do a huge renovation – as Mark says nothing structural, all cosmetic improvements.

  1. Purchase price: $450,000
  2. Renovation costs $30,000
    (works done within 4 weeks, and then rented out for $ 600.00 per week)
  3. Sell Price: $755,000.00
  4. Profit: $225,000

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Step 4: Know the Numbers

By combining our knowledge with Mark’s experience we have really made the most money possible on our properties – just by thinking outside the square a little.
The two deals above have made us $401,000. If we combine that with our other deals, we have conservatively made just over a million dollars in cash and equity. It has taken a lot of hard work but more importantly the know how to do it right.

I hope that the above gives all you guys out there inspiration to go out and start your journey in the real estate game. We know if you follow Mark Rolton’s strategies, regardless if you have very little money you will finish well in front. I cannot speak highly enough of Mark and the Massland team.