Pssst Ryan……. I think he was talking about you lol!
I have trouble when people reply to topics they obviously have no idea about and then it is a case of the blind leading the blind!
I think most people just try and ignore the rubbish and take the good out of the forum. It just means that a lot of stuff is not worth reading when you look down the list of active topics and see that one person has replied to everyone. (yes that could be me)
I wouldn't tar SM with the same brush as spammers or dodgy business that spruik on here He has more integrity than to be involved with crooks!
This is the sort of info you should approach a design company or architect for. They will be able to tell you exactly what can fit on the block. You may find some really great designs or plans and then find that you can't put those on your block due to setbacks, height restrictions or other reasons.
It is worth getting it right first time and not stuffing around or cutting corners. The property will continue to cost money until the nice new townhouses are on it earning money or being sold.
If you look up Brutal Art on the net they are in Melb and Christianb is a regular in this forum. If you are in other states there are a couple of other guys on this forum from NSW and QLD but you may have to search through old posts to find them.
We rent our current house from them and we are supposed to have a gardener included in the rent. Meanwhile I have been mowing the lawn since we moved in in July last year. We have called and called, emailed and emailed. Finally after a particularly nasty email from my other half, which included the fact that we had 5 rental properties of our own, we finally got one line back saying sorry haven't been able to contact landlord so we'll look into it and try and claim compensation (out of rent be about 15 bucks per week so about $500 bucks plus inconvenience) and get a gardener included. Before you go oh geez who cares about a gardener, I have two little kids and other half works 6 days and one late night a week. We have a whole page of special conditions we have to take care of including watering the garden but the one thing they have to do they cant even do! It is their PPOR and they are overseas for 18mths. I will add this to my list of questions I ask before renting, is the owner a professional landlord?
Now for the good news. Current propery manager Garvey and Co in Camberwell, who rent out our three units is a gem. She has bent over backwards and in fact the whole office (small team of 4 in total) have done everything they can to create a genuine business relationship. Opens every weekend, not even entertaining rubbish applications, more opens during evenings. Judi you rock! The good ones are out there, the bad ones are all around!!! I will always make sure I mystery shop our agents and I would take properties off bad PM's in a heartbeat.
I guess I am a skeptic. I don't believe any one will give you anything for free. Firstly because it has cost them something and secondly because no one values things they have been given.
I have been duped into attending a business meeting which turned out to be a huge AMYWAY spruik. I'm sure your friend makes a lot of money, but I decided a couple minutes into seeing men driving ferraris and pictures of fine houses and pumping music that it wasn't for me. I left to go to the powder room and did a runner though a dark car park at Doncaster Council. Bye bye to my wealth and my fortune in AMWAY.
I have a vested interest in seeing my portfolio grow and digging out every single piece of information I can possible find which will help me achieve my goals.
I didn't realize that what I said was slanderous or defamatory. And reading back through what I said…..it isn't. I believe in spending money on my education but I will always take what is said by ANYONE with a healthy dose of do my own research. I just want to make sure that what I pay for benefits the life I am living.
In my previous occupation is VERY COMMON for suppliers/service providers to PAY for the privilege to speak or to promote their products. My questions are legitimate.
Wow. So when was the strata titling done? Is it ancient? Will you need to fight it out with body corp to get this sorted? If someone else bins and a dunny are near your front door I can see why you are not happy. Is this refuse fixed or removable? I would probably go with getting a solicitor involved, then getting every scrap of paper confirmed and documented with the council. You can take all your bits of paper into the council and go to the planning dept and speak to a planner. You can then get someones name and face and try to get something happening. This way you can then get the solicitor to communicate (in writing) about how this 'stuff' is to be removed at the earliest possible convenience as you would like to use the space. Then I would go and buy some nice bushy shrubs that will grow really quick and are really hardy and I would plant it out. Then I would water and fertilise those plants until no one could possibly mistake it for anything other than your garden. Maybe get a nice bit of sleeper and screw on a big shiny number and stick that in there too! (I'm territorial!)
I think the Henry Review is on a fast, fast track to being swept under a very big rug. Did I hear the words election year? Health reform? Low opinion polls? Tax changes …………………not on your life. Investment housing changes……………………not on your life. Forget about this and the very concept it is gone the way of the change of flag, rolling back the GST, and the National Identity Card. Going, going, gone.
While I'm sure there are recommendations to change stamp duty and other taxes on IP's, the fact is that private investment in property props the Australian property market up from the ground level. It also provides steady capital injections into the market through private investors. This frees up government spending, creates a price floor and creates and contains wealth inside Australia.
Think about it. If it ain't broke……………………………but then again that has never stopped previous govts from stuffing with money that doesn't concern them!
Hmmmm Maree…..I used to hide the cats things in the boot of my car and take them to work. Then I would tell the cat to go and hide outside. One day I came home and she was sunning herself on the roof. The house was so clean they never would have known we had a cat.
I think they must be very good tenants. I never tell unless they ask (yes I must be a bad tenant!) But it is really hard to rent with pets. There is an automatic assumption that your cat will have kittens straight away (even if male or desexed) and that your cat will go on a home wrecking spree with cigarettes, a can of spray paint and all their dirty cat friends!
Get the structure right, now, if you can. If you sell you will be up for GST but please check this with a VERY good accountant. If you are going to hold them you may be ok but building and having three new properties in your own name leaves you exposed. If there is a ripper profit to be had it may be worth biting the bullet and getting the property transferred into a new entity. Please get very good advice (sorry don't know in WA)
As far as the development part goes, it is worth it doing!
Get a pet bond. Write it into the lease get them to sign. Then get extra money as bond maybe $200. Then have a clause that states they must flea bomb when they leave and any damage that is caused by the animal is paid for. Pet bonds are really common in WA not so common over here but a great idea. Ask your agent, if they have never heard of it I can send you my current lease (where I live) nice and detailed or one of our IP's leases where the tenant has two cats. I have a cat which is a lot cleaner than my two kids. It doesn't draw on walls or spill things on the floor (Thank God for Goo remover!)
If you do it properly it is ok. If the tenant knows you mean business then it will be a lot smoother. Dogs are a different story, but in units it is often too small a yard and you can say no on those grounds and still be reasonable.
Look at Camberwell and Surrey Hills which is just a joke at the moment. People are paying 1.5 for a block with nothing but a shack on it. You tell me where this will go. Will it go up? Will it go down?
Will the Melbourne and Perth market shoot through the sky? Will first home buyers FINALLY be priced out of the market once and for all so there will be no more carping on Today Tonight? Will those wealthy Camberwell retirees sell their very expensive houses to me for $1? Will Labor be voted out at the next election due to a lack of Speedos on KRudd? Who knows what the future will bring?
All we can do is invest using the figures we have now.
Why don't you give the council a call and ask them if you can get a permit, or a backdated permit for this. You may find that in this area it was common to have dodgy extensions done. I think one of mine may face this problem later on too. I would (and may have to later) approach the council, get someone to come out if need be to inspect and try and get a planning/building permit for it. All you can do is ask. The worst case will be if the extension does not meet building standards and then you need to pour money into it. Maybe get a a builder through to check the extension to see if it will stand up to council scrutiny first.
The other thing is that if you didn't notice well………………………..someone else may not. I would go the other more honest route though!
Have to say I was very surprised to see both Carly and Mark's names on the list. Have they paid to be included? Is their spot 20 mins of advertising their wares that Steve has charged them top dollar for? Has Steve offered himself as a guest speaker for them? I really hope that it is 20 minutes of advertsing and that not all the 3 days of 9-9, 9-9, 9am-6pm is full of them selling all sots of garbage! I think if you were interested in seeing them you would attend one of their info days
I am going. It better be good (lol)! With information more is more. You can then sort through the waffle, BS, beginner information and find a nugget or two that can help or that can change your ideas to more profitable ones.
It is a real shame you wont be there Wealthy, I would like to pick your brain! Have you developed your big block yet?
Yeah the sums part is the part which will probably make it a no go. Funny that. The cash can be used for something way better, developing more units. It doesn't really work if the loan isn't 95%, if the loan amount isn't under $500k and if the associated costs all add up to a couple thousand extra p/a.
It is an emotional purchase. We have two small children. My other half job involves a lot of moving around and not a lot of stability. Renting doesn't provide a lot of stability as any minute our landlord could decide to come back from O/S.
I think I need another project to sink my teeth into which will provide a huge distraction from emotional (wasteful) purchasing.