My apologies if this is in the wrong section.
I am a builder, property developer, and investor. My business model involves keeping a portion of my developments and moving onto the next. I tend to overcapitalize, making my developments better, for this reason, as well as to increase liquidity.
May I ask what you guys specifically look for in an investment. Rental return? Future appreciation? Strata fees? All of the above (and in what balance)?
Apologies for such a broad question, but I thought to leave it open specifically so as to allow people to answer in fullness, so that I can prepare a marketing package for people like yourselves with all of the relevant info that you would personally like, formatted in an easy to comprehend way. I have never purchased anything that I have not inspected personally, know my area well, and am somewhat new to directly marketing to strict investors.
Replies appreciated in advance
large streets, small streets in estates drive people crazy. large, long, streets.
Hello
I look for the following, location, rental yeild, capital growth, amenities, expenses ie strata, council etc.and demographics.. so I know who will most likely rent it.
elemental09 wrote:large streets, small streets in estates drive people crazy. large, long, streets.im not that kind of developer (yet) and agree with you – but as much as twisty little roads drive people crazy, I must say that it matters much less at time of sale than price. In my game, you hear whinge whinge whinge about this being too small, or that not being the color that they pictured in their mind (colors that dont exist btw, probably made out of unicorn blood and angel tears) and when a developer says "hey, what you want is down the street, itll cost you $50 000 more though – want the guys number?" they go for the cheaper option.
Theres a reason that young developers always design lovely complexes, and as they get older/more experienced, the quality inevitably goes towards whatever optimises the developers financial outcome – because people are fickle, and in the end, money talks.
Im fortunate in that I do all the work myself, and can afford to over capitalise.
Dafnny wrote:HelloI look for the following, location, rental yeild, capital growth, amenities, expenses ie strata, council etc.and demographics.. so I know who will most likely rent it.
thankyou for the reply.
Since im new to the mechanics of very streamlined investing, it seems that the appropriate course of action would be to put the marketing package together (im committed for this one, so alas whatever it is, it is) and shoot it off to a few of you guys for some feedback.
thanks again
Another question as per capital growth.
What kind of information would be the most reassuring for a buyer. Newspaper articles? Real estate institute reports? Real estate agent reports? Bureau of Statistics demographic data?
To be honest it seems a bit crystal ballish to me, but im a meticulous sort of person and can acquire whatever is needful in short notice.
Again, appreciated
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