ajsc79 replied to the topic finance for a house and land package with a party wall in the forum Finance 10 years, 6 months ago
There is no community scheme as the each of the three blocks are torrens title and all face the existing street
not sure what you mean by resort style facilities? Im assuming you mean a pool or gym which they dont have. they are 3 blocks next to each other with party wall rights. nothing at all is common with the houses, just a party wall between…[Read more]
ajsc79 replied to the topic finance for a house and land package with a party wall in the forum Finance 10 years, 6 months ago
yes joined by garage and they are torrens title
ajsc79 started the topic finance for a house and land package with a party wall in the forum Finance 10 years, 6 months ago
Hi Everyone,
I am an Adelaide property developer who is looking to sell house and land packages to individual people. I have spent a fair bit of time looking into a new issue that has cropped up recently but has been simmering for 12-18 months apparantly. It seems banks bascially wont give finance for a house and land package off the plan which…[Read more]
ajsc79 replied to the topic short/medium term finance in the forum Finance 15 years ago
thanks richard,lvr would ideally need to be 80% abn one year, no to limited financialsregardsanthony
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
g'day linar,what was your purchase price for your property that will give 117k profit? are you needing to do a reno as well on the existing house?a break down of your costs would be greatKind RegardsAnthony
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
g'day Linar,Thanks for your feedback…it is great to hear from people that are doing similar things. I dont buy anything unless it is going to make atleast 45k anymore, thanks to your feedback and feedback from KY it seems I need to increase my minimum profit margin even further. Even at my modest profit rate I still lose out on properties to…[Read more]
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
linar,where abouts in adelaide did you buy the deal in your example?, I bought mine in parafield gardens.anthony
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
gday KY,The subdivision plus reno that you did made 90k. You mention that some was capital gain, did you do your sums when you bought the property of what the improved values would be if you were able to sell when you bought. eg: what the profit would be without any capital gain?i am from adelaide also, I would like to further compare notes/deals…[Read more]
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
gday linar,what state was your sub-division?anthony
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
gday kum yin lau,thats a great profit, why did it take 2 years instead of 1? how come you did not build if you could have made another 100k?How come your 4 house project took 3 years? how long did council approval take? did your buildr hold you up?what state are you developing in?anthony
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
gday linar, have you done any deals around the price bracket i speak of that gave 25%-30% return? Or does that relate to higher priced deals you have done. Whats your normal time frame for that type of return? anthony
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
gday propertunity,do you mean 25%-30% profit on the deal including purchase price or just on personal money put in to the deal?anthony
ajsc79 replied to the topic what is a good raste of profit for development? in the forum Help Needed! 15 years, 1 month ago
gday crj,money is tied up for 8 monthsanthony
ajsc79 replied to the topic subdividing block in the forum Value Adding 18 years, 2 months ago
Celeste,
I was in the same boat a year ago. I needed another 1.5m for the length of the boundary so that i could fit a driveway down the side of the house to give access to a hammer head style sub division.
I just approached the neighbor and told him what i wanted to do. You must be tactful about it though because most people will know there…[Read more]
ajsc79 replied to the topic renovation seminar in the forum No Subject 18 years, 3 months ago
Hey Wake,
I believe im at an intermediate level of property investing knowledge and would get no benefit from a broad overview of the basics.
I am currently have underway a combined reno and sub-division of a corner block. existing renovated house is now on the market and new house on created block was started last week.
Thanks for the heads up…[Read more]
ajsc79 replied to the topic renovation seminar in the forum Value Adding 18 years, 3 months ago
Hey Art,
I totally agree with what you said, thanks for the reply. alberts quote is pretty cool too
regards
Anthony Clarke
Anthony Hansen
http://www.f1property.com.auajsc79 replied to the topic renovation seminar in the forum Value Adding 18 years, 3 months ago
Dear Dianne,
Thanks for the reply, I am just thinking about the Seminar but will let you know how i go if i end up going.
regards
Anthony Clarke
Anthony Hansen
http://www.f1property.com.au