Forum Replies Created

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of GeoffreyGeoffrey
    Member
    @geoffrey
    Join Date: 2005
    Post Count: 4

    I have a property which needs developing. So far I have had plans drawn up and not yet put them into council for a planning permit but have had all the necessary conversations and there are no reasons known that would cause problems. The property is on a lake on the Murray is about 5000 sq meters has absolute lake frontage and would be sutable for 10 -16 units. Half would have unresticted lake views, and these sort of units sell for from 400 to 800K depending on everything. At the moment I am deciding whether to sell or develop, Property value, is about $1,550,000 with the certainty of the permit ,or with it, possibly even more. Because I have never done any developing before I am leaning towards selling. Any offers.

    Profile photo of GeoffreyGeoffrey
    Member
    @geoffrey
    Join Date: 2005
    Post Count: 4

    Thanks for that, I have big hands and the fingers seem to hit that caps lock by accident, I don’t look up until to late. geoffrey.

    Profile photo of GeoffreyGeoffrey
    Member
    @geoffrey
    Join Date: 2005
    Post Count: 4

    gOOD LUCK IN THE CAFE BUSINESS, THAT,S PROBABLY WHERE YOU WILL END UP. iF THE BLOKE NEEDS A GARANTOR THE DEAL MUST BE MARGINAL SOMEHOW, AND ALL THOSE SORTS OF DEALS WILL IMPLODE SOMEHOW, ESPECIALLY IN THE CAFE BUSINESS. i HAVE HAD ABOUT SIX OF THESE AND AM STILL TRYING TO FIND OUT WHETHER I AM SANE OR NOT. tHE REALLY ONLY WAY TO DEAL WITH THIS SORT OF REQUEST IS TO SAY, TO THE BRO IN LAW. dO YOU THINK THIS BUSINESS IS A REAL GOOD DEAL? iF HE SAYS YES, THEN WHAT YOU SAY IS OK, I WILL BUY THE BUSINESS AND YOU CAN WORK FOR ME AND PAY IT OFF. tHAT WAY WHEN HE F—-S UP YOU CAN EITHER HIRE SOMEONE SMARTER, CALL ME OR DO IT YOURSELF. 6THER WISE THE BEST ADVICE I HAVE OS, GO SPEND 2-5GRAND ON A HOLIDAY SOMEWHERE, THINK ABOUT IT ALL AND COME BACK AND SAY YOU HAVE NOW GOT NO MONEY.

    Profile photo of GeoffreyGeoffrey
    Member
    @geoffrey
    Join Date: 2005
    Post Count: 4

    I suppose the question remains, that if the wrappee wants to buy the house after paying for a fair time, say 10 years the likelihood is that the house will have appreciated significantly, but you as the owner will not get the increase, the wrapee wil. Right?

Viewing 4 posts - 1 through 4 (of 4 total)