Total Members: 159,397

glaucus

  • glaucus replied to the topic Investment in Indonesia booming land in the forum Help Needed! 6 years, 11 months ago

    We spend plenty of time in Rote. Run a social enterprise project up there..
    Steve actually provides some support to us coincidentally enough but I have never touted this on his own site. I see it as cheating. :) We are ever grateful for this support and teaching wisdom he provides.
    Over dinner up in Utopia a couple of friends overheard a…[Read more]

  • glaucus started the topic Property Developer backing out of contract. in the forum Legal & Accounting 9 years, 1 month ago

    Looking for options on where these friends stand on this case..

    Developer XcelProperty have exchanged contracts on these 4 blocks which they are advertising expressions of interest on their web site.
    Contracts exchanged in March with a 6month settlement. Now settlement has passed, bank valuer came out and costed the properties a lot less than the…[Read more]

  • glaucus started the topic Property Developer backing out of contract. in the forum Legal & Accounting 9 years, 1 month ago

    Looking for options on where these friends stand on this case..

    Developer XcelProperty have exchenged contracts on these 4 blocks which they are advertising expressions of interest on their web site.
    Contracts exchanged in March with a 6month settlement. Now settlement has passed, bank valuer came out and costed the properties a lot less than the…[Read more]

  • glaucus started the topic Flipping a serviced apartment bought off plan in the forum Help Needed! 10 years ago

    Can I on-sell a serviced apartment that I’ve put a deposit on prior to the development being completed?
    I assume yes, so are there any dramas I should be aware of in doing so?

  • glaucus started the topic A question for developers. in the forum Help Needed! 10 years, 1 month ago

    I would like to direct this question to those who have done a development of townhouse or villas before.
    A 3 lot block in the fast appreciating suburb of Engadine in the R3 medium density with a FSR of 0.55:1. Max building height 8.5m

    What is a fair price for this? Would you pay $3.7M?
    45m street frontage with a depth of 61m (2,745m2)

  • glaucus replied to the topic Investing in Bali, good step or? in the forum Overseas Deals 10 years, 1 month ago

    Well James, there definitely is a dollar to be made investing in holiday havens such as Bali. Very big outlay for that good return though, can’t exactly borrow from the banks to lessen the cash down. I have seen friends and others pull in huge rents all the while enjoying life in the tropics.

    So, being a bit of a speculator myself I have gone…[Read more]

  • glaucus changed their profile picture 10 years, 1 month ago

  • glaucus‘s profile was updated 10 years, 1 month ago

  • glaucus replied to the topic SMSF leasehold in Indonesia in the forum Overseas Deals 11 years, 2 months ago

    After 2 years of setting up organisational structures, dealing with various lawyers both in Australia and Indonesia, I am pleased to say our capacity building project in remote Indonesia is taking shape.

    Our vision toward the finished result sees a boutique retreat that provides simple but elegant off the grid escapes for families and small…[Read more]

  • glaucus replied to the topic SMSF leasehold in Indonesia in the forum Overseas Deals 12 years, 10 months ago

    Thanks terry,So the SMSF could lease the land and have nothing to do with the buildings? Want to get this sorted before I use my own money on the land.

  • glaucus replied to the topic Investing in Bali, good step or? in the forum Overseas Deals 12 years, 10 months ago

    I was going to invest in Bali around 18 years ago. A half acre at the top of a hill down on the Bukit peninsular for approx $5,000 Australian dollars. I didn`t but quite a number of Westerners did. These days they are sub-letting the land for around $13,000 per 10mX10m square: called an ARE. So, how many 10X10m squares can you fit in half an acre?…[Read more]

  • glaucus replied to the topic Funding a resort in Indonesia in the forum Commercial Property 14 years, 3 months ago

    I would be more than likely using Venture Capital to fund the start-up. The momentum generated already among my network may find that there`s room only for companies to invest using this as a philanthropic investment as it`s also building up the local community. The humanitarian dollar if you like.  Hopefully!!Any thoughts on off the plan SMSF…[Read more]

  • glaucus replied to the topic Investing in Bali? in the forum Overseas Deals 14 years, 3 months ago

    I couldn`t find a thread to post my question so I`ll do it here.To answer the initial one though, if you have a trustworthy Indonesain friend get the hak milik title in their name and see a notary to absolve them of any ownership in the contract.My question is,  I have land in Indo somewhere and am in the process of seeking some private…[Read more]

  • glaucus replied to the topic Michigan Property Market in the forum Overseas Deals 14 years, 8 months ago

    Hi there Jason,this reminds me of my only fateful attempt at the Detroit property market.Our venture ended up with this pair http://au.todaytonight.yahoo.com/article/5537392/general/hung-dry eventually taking us for a ride to the tune of $50K. I wonder if you have ever come across them with you involvement in Detroit Jason.Maybe a co. by the n…[Read more]

  • glaucus replied to the topic Park trent properties group in the forum The answer is no.Had 15 years, 2 months ago

    The answer is no.Had dealings with PT?Check your contracts, is there any signatures from the actual people you dealt with?The licensee is a phantom.

glaucus

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