Hi Martin,thanks for your encouragement. 2 real estate agents game me initials prices at 460 and 470, however after speaking to more experienced agents it was dropped to 400, just shows that knowing who your talking too can count for a lot as well.rgdsDave

thanks for your help, turns out initial selling estimate was way more than market value (spoke to other estate agents), once that was factored in the deal isn't any good, in fact it only just about breaks even. Nevermind, onwards and upwards

what about getting investment for the land only, draw up plans and sell all four properties off plan to help with loan approval?

I've been given very rough contruction costs, so…land $550kconstruction $700kFees $100k (rough guess)Total $1,350kEach dwelling sells for minimum of $450 = $1,800kBuild costs are 75% of finished cost.Dave

what about basing the loan on the final value after contruction?

hi Richard,r u saying that I must secure at least 20% of loan before private financing becomes feasible unless I offer up my PPOR as security (I prob wouldn't do this though, too much risk) as it's the only security I have to offer?thanksDave

Hi folks,Jas you make a lot of sense in your first post and I recon I'll give it a go when the right opertunity comes along, which it may have in a 1Km2 block in an R40 area 2 streets from the beach, it has a 16m frontage but council is happy with only 4m access at the side, the rest can be built on. The land is about $550K, I've not got any…[Read more]

hi Bronte,did you get any replies to your question? I too are looking into this.thanksDave

Hi Grasshopper,sorry to jump on your post but I'm also looking for an accountant in WA (South of the river in Baldivis), where are you?If anyone out there could help us guys it would be great.many thanksDave

Yeah wife works 2 days a week, but may cut that to nothing for at least 6 months as were thinking of having another bub next year.

Hi Richard,weathers beautiful mate, 34 degrees yesterday and day before, rubbed it into some friends from the UK on a telephone call the other day, no wonder they stopped sending me Christmas cards Getting started and finance is the hard part. After writing the first post I've done some homework and think I'm going to focus on investigating the f…[Read more]

I suppose I was kinda ranting but meant to really say I'm not going to listen to the lads at work. I will achieve my goals, somehow

I suppose I was kinda ranting but meant to really say I'm not going to listen to the lads at work. I will achieve my goals.

Thanks for all your encouring comments, I really do appreciette them. When still living in the UK and telling people that I was moving to OZ friends and family would say that was wonderfull and what an amazing opertunity and why it was such a great idea, but we were crazy as we had no house or jobs setup before we got there. When I asked why they…[Read more]

Hi Rob,thanks for your insight. I have managed to find through ANZ an online budgeting tool that links in with all my accounts, it can run rules and automatically categorise items such as petrol/groceries etc. This has helped massively and give me a very clear understanding of where our money is spent and where we can try to cut back.However what…[Read more]