In SA you still have to lodge subdivision plans for provisional planning consent for land division. But you may do the land division later if you plan to keep both properties.

However, if you plan to sell at least one you want to get the subdivision underway immediately. As it can take our beloved Land Titles Office about 4-6 months to issue the…[Read more]

Paul,

I am a new homes consultant with a major project builder in Adelaide. When I was recently in head office I dealt with 100’s of developers/ amateurs. And most got it wrong & cost themselves $1,000’s of $ more – so they end up trying to screw the builder for the $ the waste elsewhere.

At the risk of sounding dogmatic, follow these steps &…[Read more]

Hey Bill,

Once bitten twice shy with AMP… []

I’m doing my bookwork today to finalise mi 2002/03 figures & do last quarters BAS statement. Then off to the accountant for my tax return. And get advice for legal/tax structures for investing & business trading (I already trade within my company)

Plus the painter is booked in to paint the outside…[Read more]

Shame the Ez-Rent program will not run on Win95 (both my desktop & laptop both are on Win95).

Guess it’s time to upgrade my hardware….

BTW does any of those programs also do IRR (internal Rate of Return) over a time line of years?

Dolf De Roos wisely recommends this as a final analysis on the numbers of a deal. It’s basic financial analysis I…[Read more]

Mike,

According to SAHT, ‘b’ looks after selling their south,east & western suburb properties. Looks like they mainly have SAHT land at the moment. But I’m sure they sell their houses too.

Spider,

Yes… Would need a bit of dough to get them up to scratch.

Interesting that some investors are cashing these +ve cashflow properties already. Maybe…[Read more]

Mike,

I will have to shoot myself now [xx(]

Thank God I have a licence to kill…

I did a search in the Yellow Pages & every QS in SA (bar one in Mt Gambier) is in Adelaide.

But you could try contacting the Australian Institute Of Quantity Surveyors on 8410 4044.

Good luck,

David Paxton
“You Only Live Twice”

Mike,

Did you buy any of those Housing Trust houses in Whyalla at last weeks auction?

Are your IP’s +vely geared on the West Coast?

Cheers,

David Paxton
“You Only Live Twice”

Anch,

I sell new homes for a builder. I see people defy logic everyday. Particularly developers/ investors.

Many people pinny pinch but waste $1,000’s doing things the wrong way.

Why? I believe becaiuse emotion/ feelings get in the way of logic.

It’s that simple. Accept that & you can be rich!!!

If we were logical like computers we would not…[Read more]

Westan, Oh boy, now I’ll have to shoot you too…[]

‘e’ is very good, apparently no reserve price.

However, tonight ‘jt’ has a reserve (not sure that this was the instigation of the RE company or the govt. branch involved.

Also ‘b’ has a few coming up too….

Ready to play Cleudo…[]

David Paxton
“You Only Live Twice”

Has anyone done a reno by hiring trades for most of the work?

I did a reno 10 years ago but I don’t have the time & inclination (esp with a wife & 2 young kids) to do it again.

Even though the margin is less, did it work out profitable over the time frame? And what was done & how long did it take?

I realise these days that trades my take…[Read more]

Arty, you’re not even close.

And Leigh, I’m going to have to shoot you now… []

It’s nice living in a place that once hosted the world’s best Grand Prix.

…say no more…[]

David Paxton
“You Only Live Twice”

If I told you I’d have to shoot you…. []

You need to make phone calls – and not just to RE agents. Try targeting key regional centres in your State or Territory, and call companies, govt departments, organisations and so forth….

Remember, “seek & ye shall find”.

Erika, I dunno. As I wasn’t buying this time my due diligence wasn’t very…[Read more]

Read one of the feature articles in the August/September 2003 issus of “Australian Property Investor” magazine – available at all good newagents (if you don’t, you SHOULD…).

The API special report “Under Wraps” interview Steve McKnight & Rick Otton.

It propbably raises more questions on the issue.

IMHO for some people (wrappees) wraps can be…[Read more]

I would agree with the comments so far – that +ve cashplow opportunities may be missed if you ignore towns < 10,000 in size.

I think the main issues to address with towns below 10,000 (besides the mortgage ones which I’m sure a competent mortgage broker can resolve, hey guys…) would be:

1. Vacancy rates
2. Property management &
3.…[Read more]

Firstly, the asking price may not reflect market value. Eg. Market value for an IP in a particular condition maybe $60,000, but th evendor or agent could be asking $50K, $70k or whatever.

Secondly, the “Good Book” says “ask & ye shall receive”. This applies to PI as well. So I put my offer on the above example at no more than $48K ($60k less…[Read more]

Oh… & I forgot.

No everything in RE in online. So call the agents up to find out what is available. And they may tell you of a motiveted vendor about to put there house up for sale.

Good Luck!

David Paxton
“You Only Live Twice”

Freedom Seeker,

I live in SA too.

Go to ABS website & print off the population & growth stats form all towns in SA.

Look at the ones with 5,000 or more.

Then research each one – RE on website, sales data stats, trends & new developments etc.

There is no easy way. Just research, get your finance in place, then when you find the +ve cashflow…[Read more]

Whoops!… In that last example I was meant to write you buy an IP WITHOUT a garage or carport.

Sorry for the confusion.

David Paxton
New Homes Consultant
Sterling Homes
0412 853 395

Steveod,

Pardon my ignorance (I’m new to this forum), what is a PPI?

And how do you know you got a competent pest controller?

I saw ACA last night where a shonky pest controller (Steve Fuller – his name was publised on TV) said a house that was literally falling apart from termites had NO termites.

Do I just use a big name pestie?

And thanks…[Read more]

Thanks guys.

Blackhole, I am not a real estate agent (otherwise yes I would have that data). I sell new homes for a project builder. We have NO sales data because that is irrelevant for us. I do quotes & sign them up, & Sterling Homes builds them.

Any other sources would be appreciated (also by other forum members too).

Thanks!

David…[Read more]