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Hi Jamie, and welcome to the forum. You can find some information available at our website as a starting point and then take it from there.
I would question the price that your builder is quoting if you check the Reed Construction Data reports the current building costs are around $1050 per square metre so at $120K – $180K this is a fair difference. Make sure you are comparing apples with apples as a lot of builders will provide a lower price but this will not include standard items required for living in such as, carpet, lights, tiling, clothes line, tv antenna and wiring, letterbox etc…
Hi Tricky,
You say you want nine properties in 3 years, have you developed a strategy to achieve this ie a business plan, as investing should be seen as a business. Are you looking for rental returns or capital growth?The first thing I would do would be to sit down with someone who could help you develop this strategy and then if still thinking of doing it in a group then you definitely need to speak to a solicitor to determine the structure and then an accountant to determine your financial and tax implications.
Happy investing
Hi demons3
I am a property coach located on the Sunshine Coast but originally from Melbourne so I vist both my family and clients on a regular basis. i will be in Melbourne over the Xmas period if you would like to catch up.
If you would like further information on what we do either email me direct or visit my websites.
Regards
