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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of bkpentabkpenta
    Participant
    @bkpenta
    Join Date: 2005
    Post Count: 7

    Hi there,
     I got a score of 2751 which means I could survive until 27 May 2015!!  Not too bad!
    I think this is a great tool for assessing ones direction and gives a bit of guidance and also the ability to see if your on track!
    Dont despair if you get a low score as if your investing then its better than doing nothing!
    And Remember that time is the key here as the longer you do it, the better it is and the more wealth you will accumulate.
    By Jove its fun too!!
    bkpenta

    Profile photo of bkpentabkpenta
    Participant
    @bkpenta
    Join Date: 2005
    Post Count: 7

    Hi Tina,
    I agree with Gamay. For a fraction of that cost you can read some great books with all the info you will need and of course there is this site as well as a lot of free info on the net.
    Remember this – Knowledge is power but it doesn’t have to be expensive.
    Good Luck
    Regards bkpenta

    Profile photo of bkpentabkpenta
    Participant
    @bkpenta
    Join Date: 2005
    Post Count: 7

    Thanks Westan
    I will look further into both areas
    bkpenta

    Profile photo of bkpentabkpenta
    Participant
    @bkpenta
    Join Date: 2005
    Post Count: 7

    Thanks Buzzwells
    Very true and sound advise. Research is the key.
    bkpenta

    Profile photo of bkpentabkpenta
    Participant
    @bkpenta
    Join Date: 2005
    Post Count: 7

    Hi Fluffy
    Myself and 2 siblings recently subdivided some land of over 6000m2. We were able to create six 1000m2 commercial blocks and it was relatively simple.
    Firstly we contacted a licenced surveyor and he contacted all the relevant authorities and drew up plans. All we had to do was part with the fees associated with all of this.
    There were a few areas that had to be addressed relating to neibhouring properties, stormwater etc but a meeting with local council in an amicable environment sorted out these issues effectively.
    At the end of it all it was only a few phone calls and payments to the relevant authorities eg, the development assessment commission, water authority, local council and the surveyor for his work.The surveyor liased with all of the authorities and kept in contact.
    From first contact with the surveyor to final approval took 8 months and was completed in June 2004. We are keeping one prime block to develop but the rest have all sold with the last contract being signed back in March.
    So have a go, do some research and hopefully like us you can make a good return.
    We found that the value of the finished development was 4 times its original undeveloped value minus cost of around 25%
    bkpenta

    Profile photo of bkpentabkpenta
    Participant
    @bkpenta
    Join Date: 2005
    Post Count: 7

    Thanks for the advise. I do have a long term view to hold so hopefully these areas will grow in the long term and in the meantime the cash flow should remain good.
    bkpenta

Viewing 6 posts - 1 through 6 (of 6 total)