hi landgrabber
even if you paid for the site cash and you built for cash and paid no interest the return is 12% on your figures and my min is 20% so this land will need to be land banked for some time to make it worth developing.

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hi all
yes foundation i think you are right but also I think that all the banks including westpac have squeezed developers to the state that the developers have shifted 9 we have0 to private lenders and I will give you a very simple.
20 unit devel bank lend 6.7 mil bank squeezes developer goes private.
Where do the 20 single lends go not to the…[Read more]

hi Willie
I to wouldn’t go Guarantor unless you are going to get 33%(sister and brother in law) or 50% of the potential profit.
Then only if you believe the business will be a success.
If you lake the risk you need to get the profit also.
To me it doesn’t matter if its family, friends or partners each deal is done on a case by case basis and needs…[Read more]

hi
who’s larry.
I may retire to the rsl for something to eat as I have a rsl badge any others bring there along.
as for knawing into a chop and beer both will be at the rsl.
see you around 3.45

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hi all
yes I know especially the military as even laptops dont have these drives for the same reason.
The chair was a different project ( the orange, yellow, blue high chairs most of the babies sit in)I don’t only do real estate business.
I have found there organisations to be very slow moving compared to the asian or european…[Read more]

hi lifeX
Some time you make me laugh and the one knock on doors and poach tennents thats great. a man after my own heart like your style.

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hi fredong
couple of things.
1. yes people do rent these offices but it depends where they are go and eyeball the office and ask the tennents next door what place is like.
2. strata fees
3. waiting list for tennents for that building??
any investment can be good you just have to evaluate as with any investment.
I own a car space as one of my…[Read more]

hi jtw
I read with interest your post and your figure seem ok except for one minor point.
What if you are investing as aliving and your earning are directly related to your investments if you put your equation on a spread sheet it would tell you that you are in a circular equation.
Ie your wage is relative to your investments and your investments…[Read more]

hi all
I’m one for moving as well just make sure you move in the right direction and if its slightly wrong adjust your plans.
I always get “don’t you think you are biting off more then you can chew” ( accountants and solicitors) but the only answer is.
I think I’m right and I’m the one employing you.
If I get it wrong the tables may change.
one…[Read more]

hi all
I’m not one for following dazzling but I agree that stats are good as a guide but the investment itself is the main item to evaluate.
I follow rental returns which haven’t been mentioned in any of the stats.
It gives you a good idea of the movement of the market around an investment.
And if you used rental against demand and return against…[Read more]

sorry
(although I haven’t clarified that with dazzling yet)

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hi cutegirl
For serviceability if you can drop the first 6 months on repayments in a bank account with the lender that you are taking the loan out with this usually answers any serviceability issues.
The better way is to pull the equity in the form of cash from your house get him to put his deposit down and you sink your money in a fixed term (12…[Read more]

hi all
not sure about the tim tam but the date is the 11th sept not the 4th.
Sounds like camder was on the beer and spirits so should bring for the rest of us.

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hi Property Passion
Look for a 3a commercial (already da site)the units are for sale and the comm is to hold.
2br unit cost 210k to build a 200sqm comm cost 80k rent on the 2br about 300 per week and about 450k on the comm.
The cost are completely different but the shops that you see vacant are builders shops and if its out of profits, there is no…[Read more]

HI brahms
Not sure about obtuse but inventive yes.
The lenders are already excepting put call options as pre sales (up to 30% of the development)and by attaching vendor finance from the start the property from all intense and purposes is funded prior to completion and in return the site has no pre sale requirement (as 30% in the normal pre sale…[Read more]

hi Megan
Get a company cheque account and pay by cheque with the abn.
most suppliers will bill as a company account and pass the trade discount accordingly.
if you are going to the same store do as above and ask for a 7 day account they are usually on the spot issues and the discount is usually higher.

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hi Mukta
First find another solicitor if in Sydney acclaim legal (burwood) can help.
and he will tell you as i will, don’t sign anything until a solicitor has read it,just because you put subject to finance( it is one of the worse things to put),you then don’t have control on getting finance if the vendor finds finance at 22% from a shark you have…[Read more]

hi Captain_Picard
I read with interest your post and the figures are very good and may keep your email and send you an email I’m not one for licenses I’m a if they can do the job good.
they are not in my time line but I always look out side the square.

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hi all
Currently the private lenders on commercial lending are around 8.75 and banks are 8 a broker will be able to organise private lenders I use them for sydney more then conventional lending.

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hi all
do we ration 2 or 3 tim tams per person or do I talk now to my lender for shares in tim tam and use it as a promotion event.
I thought we were at 15 looks like more Im sat here drinking my scotch and thinking thank god I didn’t offer to bring some drinks.
I think a general get to gether will be best and if the numbers are there(and it looks…[Read more]