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Thank guys for your replies. Notes have been taken and hope i can return the favour as i develop my own experiences. I have an interest in development and may pursue this in the future but for now i am just looking at onselling the sub-divided portion of land and leaving it to the new purchasor to develop. I am sure that even in this simpler venture all the information you have kindly passed on will be necessary for me to know and for this i would like to show my appreciation. I attended a seminar recently held by Dymphna Boholt in which she mentioned many strategies to investing in property, one in particular was about a friend of hers whom attained a block of land on an options contract in which he subsequently sub-divided into 4 lots only to onsell them within 3 months and aquired a whopping 1545% ROI. He now only follows this type of strategy apparently. She went on to mention that the builder whom purchased the lots made only 13% ROI. As this too is okay, to me developing just doesnt seem worth the time and effort. She provided figures to these stories which i just havent added due to length in dialogue. Maybe other people have had great success in this type of fast track sub-division and onsell in which i would be thrilled to hear.
Lionel Bocher
Hey George. Thanks heaps for your reply. I managed to hunt around on the site and obtained info throughout the forums. To be more specific though i was looking at duplex potential blocks already zoned with an existing property needing a little reno. Was then looking to onsell the sub-divided portion of the block ASAP after it was approved in order to put the proceeds into the reno and subsequent loan on the property purchase to the extent of turning it into a CF+ property. My concerns are should the original deal be done through an options contract and if so how much CG is applicable on the onsell and basically if this is a feasible strategy or if theres a better alternative[blink]
Lionel Bocher
