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  • Profile photo of byronent_2byronent_2
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    January 3, 2005 - 3:04 pm

    You reckon he can charge $1500 for a day?

    Byronent
    Adelaide SA

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    January 3, 2005 - 2:49 pm

    Where are you banking, our business is charged 0.9% so quite a discount and almost bearable in a sale.

    Byronent
    Adelaide SA

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    January 3, 2005 - 1:53 pm

    You edited your original post. I hope my above info is still accurate.

    I would have two loans, so one sale if you choose to go that way doesn’t impact on the other nor does it delay you or cause you too refinance due to change of securities.

    Byronent
    Adelaide SA

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    January 3, 2005 - 1:42 pm

    Correct me if I am wrong here please.

    Purchase Price is 230K
    Land Value is $60k
    House Value is $170k
    New house cost to go on land is $120k

    Rental on old house is 180-200
    Rental on new house is 250-275

    Sale of old house could be $170k
    Sale of new house on completion could be $250k
    Total sale of both could be $420K

    Cost of purchase and building total would be $350k.

    Potential Gross Profit is $70K

    Is that what you are asking?
    Questions that would impact on this would depend on loans, expenses, rates (both council and interest), etc.

    Hard to even suggest a course of action without more info.

    Byronent
    Adelaide SA

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    January 3, 2005 - 11:42 am

    When you cash her out, will that be at market prices or purchase price?

    Byronent
    Adelaide SA

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    January 3, 2005 - 11:04 am

    they usually factor that in the price.

    I wouldn’t take up a deal like that.

    Byronent
    Adelaide SA

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    January 3, 2005 - 9:23 am

    they usually factor that in the price.

    I wouldn’t take up a deal like that.

    Byronent
    Adelaide SA

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    January 3, 2005 - 5:42 am

    I would subdivide and sell off the plan house and land packages.

    If you have been offered that amount of money then sure enough there is room to make lots more. No developer is coming in to make nothing.

    Saying that, you may find that 1.75M today is good money for you to continue investing in other deals. Something to think about I am sure.

    Byronent
    Adelaide SA

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    January 3, 2005 - 3:14 am

    Nice one Julian

    Byronent
    Adelaide SA

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    January 3, 2005 - 2:45 am

    provided the insurance company doesn’t go bust in the process.

    these disasters are usually huge and when they hit, no one can predict what can happen. Your policy may be a good one, but if they go bust, like HIH then you have no hope.

    Byronent
    Adelaide SA

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    January 3, 2005 - 2:18 am

    Show me a Mcdonalds premises I can buy.

    Mcdonalds are in the business of real estate not burgers. They own most if not all their sites.

    Residential is good to start with ,commercial I would recommend if you can go without rent while searching for tenants. It is not like you can fill a place after a week, it can take months at times.

    Byronent
    Adelaide SA

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    January 3, 2005 - 1:47 am

    At the end of the yaer when you do your returns is when it is due from the info I have and use.

    What you may have read is the rules for USA.

    Byronent
    Adelaide SA

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    January 3, 2005 - 1:43 am

    Simple will kits are for simple lives.

    It didn’t work for mine and the choices they give are not in depth enough.

    Byronent
    Adelaide SA

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    January 2, 2005 - 2:17 pm

    50%?

    Please state who the bastard was so no one else gets sucked in.

    Byronent
    Adelaide SA

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    January 2, 2005 - 2:16 pm

    You have got my attention.

    How many units?
    What do you mean 90% occupancy? Is this ia hotel style investment or residential units?
    You say return of 12% is that gross? IE on a 500K investment is the total rent $60k? Is that for the 90% occupancy?

    Feed us more more more.

    hahaha.

    Byronent
    Adelaide SA

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    January 2, 2005 - 2:14 pm

    You want to sell your properties?

    Or maybe a partner to develop??

    LOL

    Byronent
    Adelaide SA

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    January 2, 2005 - 2:11 pm

    Is that a question or statement?

    Byronent
    Adelaide SA

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    January 2, 2005 - 2:10 pm

    You would get higher prices if you had Koala’s and kangaroo’s in your front yard I am sure.

    Happy New Year!!

    Byronent
    Adelaide SA

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    January 2, 2005 - 2:08 pm

    Yes true but if you kept them wouldn’t you be returning cash flow positive enabling you to purchase another property instantly?

    Byronent
    Adelaide SA

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    January 2, 2005 - 2:07 pm

    Thanks for the all the input.

    I too have decided to walk away from this town.

    Great links all of you thanks.

    Byronent
    Adelaide SA

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