Quote came in at 180k .Budgeted 150k Did a Columbo with the vendor before due diligence expired and got 20K off purchase price so happy with that. Suppose few lessons I’ve learnt and sharing here are:-If you can fix the problem you can make money (learnt that from Steve years ago)If you don’t ask you won’t receive ( push the envelope be it with yo…[Read more]

Just to go a bit left field in regards to negotiating…

Intrigue wrote:
Another thing playing on my mind….I know an investor, he is under 25yrs of age and owns in excess of 25 properties. He once made a comment to me that I thought very interesting.'the negotiations begin after the contract is signed'  Do we have to do things the way they…[Read more]

Angel, im with you .in todays tight market a clear shot of reality  needs to be delivered to the vendor (assuming the agents already done this im sure…..lol.. ohhh  and no doudt informed any buyers they have had a flood of offers over the property )On negotiating ………"Prepare by knowing your walk away [conditions] and by building the num…[Read more]

I like around Mt Gravatt Brisbane for the medium term.Has the key drivers http://www.brisbane.qld.gov.au/documents/plans_strategies/localplans_mtgravatt_strategy_newsletter.pdf

bedfordproperty wrote:
Should say the house is too good to demolish currently. So subdivion potential would be down the track say 10 years!

If the numbers work to do it now (subdivide) why not just do it now? Property we settle on in a couple of weeks has similair issue. We got bluiders quote to recitify and termite treatemnt costs an…[Read more]

If you going to be investing in inner inner Brisbane cant go wrong with West End  …  Outside of  the intrinsic drivers you mentioned it has its own unique culture which is always going to make it  a popular  suburb…… there is the rezoing along the Montugue Road area and council redeveloping along the river etc….ensuring  its vibe will…[Read more]

 You meantion DCP (demolition control precint) which means you will have to get approvals from council to remove.Not sure where its located but  there are criteria to get homes removed…. Have you got this sorted???

Thanks Christiand… initial survey /hydraulics reports have come back indicating we would have to build a basement slab up to 2.7 metres off the ground before any relaxations…. Seems council is a bit over the top to me on this but I’m only a simpleton that likes to push the envelope occasionally…….lolComes down to if we budgeted right in our feasi…[Read more]

Well said Anthony………….It seems that when you do something successfully that has scared you, you benefit from that for the rest of your life. Surely sometimes it's worth the risk? Of course, sometimes the risk lies in refusing to do something. The trick lies in knowing when you are acting out of fear.

lol…………First time i actually laughed in these forumsOne Team one Dream

lol…….... seconded………

Just had a similar experience obtaining new insurance for our  last 2  houses, both dual living. After a few calls got feed-up and rang a insurance broker Ive used. He got it done in less then a few hours with CGU off memory.Insurance companies are going a bit quirky I think at the moment trying to balance there risk portfolios …… must be t…[Read more]

Well done Jamie……that will boost some business..Troy Harris ( Rookie Developer) is in there as well ….. http://www.rookiedeveloper.com.au/Have to buy my autographed copy.Good luck to you both….

angelinsydney wrote:
Hi all, I'm not an economist but I look around me, speak to many people struggling with cost of living, etc and I reckon there is no justification for the high interest rate. It has to come down a tad. Intellectuals, over to you… Angel

So Angel, you gained any clarity with all that info………lolIm still with you they…[Read more]

Angel, I'm a  simpleton too and cant disagreeI posted on it in Feb.Link belowhttps://www.propertyinvesting.com/forums/community/opinionated/4335650?

Quote“In my generation, I don’t know of any one that created wealth by paying rent.”Anonymous (Age 65)

beedie wrote:
Wofle,Like you have construction commenced  on one site this week , sold one site  last fortnight and looking at buying two more……. Bit hard to find a good development site in inner city Brisbane at the moment which is either not overpriced or a secondary site.Anyone know of a good one let me know……..lolCheers my f…[Read more]

John Sportelli …. one of  the legends with development sites , has a good data base http://www.remaxintegrity.com.au/listings?rd=1&a=3788&type=1Id like to know the details, send me a email if you wish.CheersMichael

How big are your blocks?Are they subject to demolition control?Whats the length of  frontages? etc

Personally , would never accept a verbal offer  or some something scribbled on some piece of paper ….We make sure our agents understand that ..some still don't get it………… if you are a  serious buyer then put it on a contract …..