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  • Profile photo of beediebeedie
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    @beedie
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    March 27, 2011 - 12:31 am

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

    Profile photo of beediebeedie
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    February 22, 2011 - 10:36 am

    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 …..

     

    Profile photo of beediebeedie
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    February 22, 2011 - 10:24 am
    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 have always been done just because that's what the seller wants or what the agent is familiar with?

    Spot on. best post in this thread. ..  and you are on the right track Intrigue ….. I always approach each deal along these lines and negotiate after contract is signed………. think about it.…………  i see nothing wrong with what you propose…………go for it and good luck………..
     
    As Steve says………….success comes from doing things differently

    Profile photo of beediebeedie
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    February 18, 2011 - 4:36 am

    Of course a burst / correction is possible but let’s not get spooked by the shadows…

    Correct me if I’m off track but all our lives the unforeseen has shaped the future of business and/or our lives.

    Investing is a speculative business and it carries its risks.

    I’m sure we all remember our first investment decision…  there was a element of fear.. a murky shadow  over our heads……. To this day this fear/ shadow  should never be brushed aside or taken for granted in our investing ………..

     In my view Buffett is saying just that …….the herd believed the good times would last forever. Maybe he didn’t. Maybe that’s what makes him a better investor

    Such is the speculative cycle.

    Michael

    Fear casts a large shadow, but he himself is small.

    Profile photo of beediebeedie
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    February 16, 2011 - 10:41 pm

    Here's a silly story. 

    Consider we have oafey slow thinking do gooder ideologues in the RBA and Fed Govt who finally realize affordability might be an issue.

    So the RBA decides it will now consider asset price inflation in setting the cash rate.
    Hmmmm……ok, so house prices too high -> raise rates, even if conventional inflation is within the target band.

    Hmmmm again…..that decreases the amount buyers can borrow, and increases the cost of building new stock. 
    Population growing at 1.5-2%pa.

    Housing supply drops below 30,000 per qtr.      Hmmmm  indeed.

    From The Story Teller (WW)

    Profile photo of beediebeedie
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    February 15, 2011 - 11:27 am

    Yawn…….

    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort.

    Profile photo of beediebeedie
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    February 13, 2011 - 10:27 am

    Mr Story teller …………     where are you ?????………….

    You going to the Steve's, Brisbane Market update next month…..????

    Profile photo of beediebeedie
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    February 8, 2011 - 9:56 am

    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……..lol
    Cheers my friend

    Profile photo of beediebeedie
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    February 8, 2011 - 9:29 am

    Thanks Scott,
    It gets better………There is Capital Gains Tax rollover option for resumptions cases where by if you repurchase another property within 12 months to replace the property that was resumed you rollover the GCT into that property etc. so my accountant tells me……

    Was hoping to roll it over as part of another development that is coming out of the ground as we speak but apparently cant do that………..Shopping around  for a couple of sites now any way to move onto  ………. so all good……………..

    Profile photo of beediebeedie
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    January 29, 2011 - 11:16 pm

    Think supply and demand……..

    Profile photo of beediebeedie
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    January 29, 2011 - 11:13 pm

    "How we made over $500,000 in 27 month by being resumed"……….should be a headline……….lol …………

    We  settled  Friday. ……  would have obviously been better outcome if we had developed the property but considering the situation …. a good outcome   ………… as my above post  no issues with the handling and conduct of the government depts involved. credit to them actually……. 
     
    Scott No Mates…… you may be  opinionated but very wise …..thanks for your input my friend and hope this thread helps others that may find themselves in a similar situation.

    Back to shopping for next couple of projects to put in the pipeline…………….

    Profile photo of beediebeedie
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    December 21, 2010 - 11:11 am

    How big is the block……..how much land do they propose to resume,,,,,. whats present zoning?

    Profile photo of beediebeedie
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    December 21, 2010 - 4:19 am

    Scott, your right my friend……. the valuers are the key. ….. It all starts there before the legals and the negotiation.  

    I have to say that the process is being conducted professionally and sympathetically by the authorities. They are no inklings that they are trying to take advantage of the situation….. 

    Taking away all the anxiety /emotions associated with property owners facing resumption the process (at least here in Qld) appears fair and just.

    We have now reached  verbal agreement after their and our valuers submitted their reports and the process also allows the property owner to be compensated for reasonable costs of the valuation and legals…

    We are trying to bed it down on contract by xmass……….. Keep you posted…..

    Profile photo of beediebeedie
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    December 13, 2010 - 12:51 pm

    Af /girl

    Same theme and  good advise on this thread also  mind you  posted in 2005-  now 2010 … hope its not the same property……….lol

    Profile photo of beediebeedie
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    December 13, 2010 - 12:09 pm

    Love the enthusiasm but must say Interesting market  to go into a build with no experience. I wouldn't leave a lot of room for error in this market.

    You have $500k to buy the property or  is that $500k to put towards the build?

    Talk to your bank/broker and find out what you can and cant do before venturing in.. Don't want to buy a DA site and find you maybe cant finance the build

    Some other things  to look into
    B.A costs ( assuming you only have DA)
    House removal costs (assuming something is on the block at the moment)
    GST considerations on the build ( also look into the margin scheme)
    Real estate costs on selling the end project

    Good luck it is exciting and keep asking questions

    Profile photo of beediebeedie
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    December 9, 2010 - 7:03 am

     

    Winston…..  Interesting last few graphs

    Property bubble????   Seems like a pending up demand bubble ……. lol

    WinstonWolfe wrote:
      Here's a silly story.
     
    Consider we have oafey slow thinking do gooder ideologues in the RBA and Fed Govt who finally realize affordability might be an issue.
    So the RBA decides it will now consider asset price inflation in setting the cash rate.
    Hmmmm……ok, so house prices too high -> raise rates, even if conventional inflation is within the target band.
    Hmmmm again…..that decreases the amount buyers can borrow, and increases the cost of building new stock.

    Population growing at 1.5-2%pa.
    Housing supply drops below 30,000 per qtr.

    Hmmmm  indeed.

     

    Your silly story makes more and more sense……… keep  reading the story Mr Storyteller ……

    Profile photo of beediebeedie
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    December 9, 2010 - 1:31 am

    Leave the emotion and the conspiracy theory alone and focus on what you already know is logical and in your control.

    Proceed with your meeting with the Cross Block Link representative (there must be a contact on the letter you got) and /or if that the town planner you mentioned earlier.

    Drill down on the council’s timeframes… when are decisions going to be made  on their preferred route ?

    When is the project expected to get council /government funding to commence works after that ?

    Familiarize yourself with timing of rezoning in the area.

    Work out if all that suits you… bearing in mind that you may have your LMR rezoning by then (they have to value it for acquisition purposes on its best and highset use …$$$…)

    If that doesn’t suit your time frames drill down on your eligibility for early buy out.

    Re-evaluate from there. If you decide to sell now not only do you have a duty of disclosure to any buyer but also the wise words from Scott No Mates from the other thread to consider.

    Scott No Mates wrote: – the unknown is a powerful tool in the negotiation process when buying. If the vendor & agent are not fully acquainted with a proposal (and you are prepared for a long term hold, until there is certainty and the infrastructure is declared or built), then you are in the driver's seat. 

    Profile photo of beediebeedie
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    December 8, 2010 - 11:32 am

    Ninh,

    Welcome to the club………. running thread on the topic  below.

    https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4333928

    Have a read and I'm happy to fill  in any blanks you may have from there…

    Reasons to be Cheerful Part 3

    Profile photo of beediebeedie
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    December 8, 2010 - 5:21 am

    Acjd , NHG…

    Very proactive of you guys..

    Impressed with your contributions to the forums .. this be a great resource for many……

    Know some sharp pencils in these forums  that Im sure would be happy to contribute to fine tune it………..

    Profile photo of beediebeedie
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    December 7, 2010 - 10:39 am
    eddy82 wrote:
    There is however a possibility of developing on the site due to my best mate owning the block next door…

    Do it ….. Kedron is fine and inner city enough to make a difference and if you and your mate sell together especially if you get a DA assuming you in On LMR sites you laughing even before building in that time frame

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