Forum Replies Created
hi jhopper
Always look outside the square you can by all means look inside my square just don’t fiddle with anything or steal anything (if you get my drift).
There are any number of stratagies that are beening used some are more successful then others and they are being used for different reasons everything must be (a) have a purpose and (b) designed for that purpose.
Just like creating a race car, it must be suited to that track but it must be able to adjust to wet or dry tarmac so must your vehicle when investing for the long haul.
If it is not able to abjust and is to ridged then it wont be able to adjust to market change if and when needed.
Don’t agree with the cg over a long period with rebound I have cg from the start.As for the rich getting rich in the bad markets.
People who do get rich (unless daddy gave you the money) do so because they don’t lose money or if they do lose they do it to gain tax loses for more then they lost in the first place.
I deal with a lot of very expensive suits and there study of any proposal is basically anal to be polite and we all sit around with laptops, calculators and pens and these guys don’t lose. They lend.
Last thing I read a lot of people on this forum who read about this and read about that.
I don’t read about any of them.
My stratagies are market driven and self taught with a group of advisors to setup the systems I require.here to help
Hi Hopper
not sure for everyone.
We are currently purchasing sites and are constructing.
I don’t look at rebounds ,I look at returns, lends, sales or holds.
This market is very good for what we do and has to date been very successful.
Each site is a case by case purchase and is evaluated on a multipull of basises and once evaluated is organised.
I don’t invest outside of sydney because I don’t have to.
There is more then enough good investment here if you know what you are looking for and you can fund it.
sorry I’m being vague but I have to and I don’t want to sound like an advertisement.
I would say that the smart investors are picking off the buyers off the plans and we are picking off the cream of the sites but thats business.here to help
hi all
builders and developer have a 35% margin(developers) (45% builder developers margin) theoretically if you do it correct you should be able to rent out at close if not very close to the development cost.
The sales that you are looking at are the people that have purchased off the plan and the banks are re adjusting there lvr on these lends to allow for market movements.
As they have not completed the sale as yet they have to get it thru a lender and the lenders are very careful at the moment I fell very sorry for these people and think that some are going to get very badly burn’t.
This is the same reason alot of development sites are on the market currently and they are alot more valuable then the unit or house, some are carrying a 25% return and people like me like that.
As I posted today to a 17 year old investor this is a market that is very good to make very good returns but you must take reasonable risk for return and is not for the faint hearted.
I swim against the current as I have found it very success full.here to help
hi investToSurf
send an email to the personal here or [email protected] and I’ll reply with the spreadsheethere to help
hi foundation
I don’t want to pop your bubble put I look at the rental index not the price index.
Property is a supply and demand driven market and if you want to look at an area you look at demand first before price ( or in some case projected demand.
Find me an area with a demand of 35% even if the price was $1,500,000 and I will find you an investor.
reason
If the demand is so high,
The supply must be very low.
If the supply is low.
The rents must go up.
When the rent meets the repayments of the $1,500,000 loan you have a sale,
The people doing the article are not looking at the market from a investor view point.
You would only sell as a developer if the demand was not there for your area and if the demand wasn’t there working back on the above why would you invest.
All and any market that you are looking at you must do in depth market research.
And the writer for a news paper even thou I like the pictures are not what I class as market research.
If you are going to understand a market.
First thing you must do is understand the market and why markets move in different directions.
Your article with to regard this market.
Would be similar to me reading that greek food is popular in balmain and me paying 150,000 setting up a suvilaki bar on bondi beach and woundering why nobody like my food.
The sydney morning hearld is in the business of selling news papers not investing.
And while im on the point if you read the opinion section of last weeks hearld they were of the opinion that the da developments site sales are at high for this month and that syndication was there suggestion for leveraging.here to help
Hi Stephen051
Sorry to be the bug in the oitment but your 17. This is the best time to take risk.
Yes you can put it in an account and get 5% or you could also go and put it on black 21 at crown casino which may give you a 100% return its all to do with risk.
You should take the risk.
why
You can read all you like about like about investing.
Invest in this, invest in that, win here, lose here but the best way to learn is do it.
You don’t sit around reading books on driving a car you get out and drive.
At your age (maybe a couple of people here would like to forget there youth) you need to take risks especially in business because the people that are successful in business are the risk takers.
If I was your age again (and I’m nearly 3 times it)I would invest in the highest profit, riskiest property venture there was.
I would research it ( don’t go for the get rich quick feeders) commercial (would be the go for me) or land sub divisions (Lots out there) learn from them.
You have 43 years to make up for any losses you make now and if you make a large gain ( more then a couple of investors here if read) you will get a jump multifold by leveraging.
If you take at 17 the view of low risk easy investing you will never jump out of a plane to parasail, scuba dive, drive a sports car doing 90mph on a hairpin curve or invest in large projects.
All of the above you will wish you had done and the risk takers will be doing them.
Learning is good for people at school and to find out information but in my experience the best learning is doing.
Bank deposits are for little old ladies and bankers.
They give you little or no return( when you take out cpi) they are leveraged against nothing and can’t be used for any form of tax crediting.
As for shares same thing as above get into day trading and learn.
Get a day trading broker and cut a deal on day trading charging, If thats what your into.
The higher the risk the higher the return.
Even if you lost $15,000 on this senario you would have gain in excess of $100,000 worth of learning that nobody including me can give you.
You would come out a sharper and in some ways meaner businessman and that is what I would like to see in business.
Non of this cotton wool stuff for me.
This is not financial advice and should not be used to gain lending in any form.here to help
hi investToSurf
I like adelaide what do you think of your cities movements has it or do you think it will start to warm ( make sure you send me a email first I like to be a jump ahead of everyone else)as for the spread sheet I will send it.
mine I think will be to much info, and I would recommend that unless you want to do finance( well I don’t want to do finance it just what i’m good at) a simple spread sheet will do.
I will get one to you soon just hang on for a little time as I have a couple of jobs to get thru first.here to help
hi richo
Everyone is asking what state you are in because (A) costing are different in each state.
and I think (b) because they need help in both of the areas that you are working in.
you can put me into the (b) class as I am always looking for more assistance in the area of interior design.
and maybe if you are in Sydney we may be able to work on mutual projects.here to help
hi gogo
Sorry to dissappoint you but throw a dart at an atlas and that country would have been invaded, was the invador, or is currently at war, thats life.
Its not the country I don’t like its some of the bottom feeders in it.
Turkey maybe great but be very careful about investing in anything you
A can’t see.
B you don’t understand.
C has no record of profitabilty that you have rearched.
and
D has a gain at the end.
I don’t invest out of sydney for all of the above.
So why fly to give my cash away, give it to a homeless person on the street, if you give him enough( and you will to these investments) he may buy a unit and come to me for a second.here to help
Hi batts
From your post you have looked at the us markets whats the push for investing in the us real estate stock.
interested because I’m taking one of my companies to the us fast food industry.
email me at
[email protected]here to help
hi Brizza
Is this a unit site of 10 to 20 units.
only joking.
sounds like you need a broker and two have responded.
I have dealt with st george and they seem to be the best in the market for duplex, houses.
Nab I find are better for single home lending( put ha i’m no broker).
Talk to one, shell out the estab fees and they will get the loan.
oh if it is a unit site email me REMEMBER 2C 3Ahere to help
hi Dr.X
To start sorry if I’m hard but a couple of thruthsI must disagree on your last post.
re Developing is NOT FOR BROKE PEOPLE.
Thats not right broke people may have equity and equity is liquidity and liqudity is possible cash flow.
I don’t want to sound like I’m putting you down put don’t believe everything you read.
A man with no cash is a very wealthy person with 5 million equity and you shouldn’t underestimate the two.
Please email me your next 5 freinds with no money and 5 mil each equity and I will tell you who’s broke.As for michael not to sure who he is but he wasn’t talking to me.
I have read with interest,
(but you need money to start) this is not the case you need (a) money(yes) (if available) (B)equity(maybe) (C)networking and get in a group to leverage to either a or b
I have investors/developers that have developed more per capita than most builders and would not know a trowel from a mixer.Developing is for developers and if Property Passion learns from the unit he’s doing he may well be my competitor( may be thats drawing the bow to long) so be it.
Thats business but please don’t read books and give me your view refering to someone elses views that not only do I think is wrong but half the people I syndicate with will tell you is wrong.
And don’t tell me to tell that to michael ??? who ever because your quoting it.here to help
Hi All
I haven’t put my two penny worth in yet. but I will now.
Bob Dobelina may think that Michael Yardney is trying to get people to his seminars and spi or property passions might want to see who or how to develop but the question is what is the benefit of deveLoping.I think I may have some ideas on this post and bob you can’t come to my seminars nor do I sell cds.
I make my money thru real estate and developing
( and as this post is developing I think I may have a input).1.Cash if you develop the property you reduce the cost of the end product by 35% you must because I can’t get a lend unless it gross a 35% return any thing less and leave it there we won’t touch it.
2. freedom ( once you get large enough) to manage and run your business the way you like.
3. cost if you start from raw and go thru to end product, the cost saving are in the region of 45% plus tax reduction because of depreciation.
This post I liked and I know that there are rules for advertising and some I agree with but most businesses like ours, are in the business of making business work.
I don’t mind any business pushing its barrow and some times I see a very grey area between what gets deleted and what doesn’t but the question is a rather simple one.
I like developing, I think that all investors should look outside your comfort zone and invest in different areas including developing.
(just don’t look at my sites)
and again if you find 2c, 3a sites in your area email me ( is that seen as a advert)
oh and this is not to be seen as loan or any financial advice.here to help
hi Property Passion
You seem to me that you are trying to run before you can walk.
Its a very simple process the only trouble is that you must learn.
You are doing the unit development(on the block) that is you learning project.
You can’t look at costing and major projects.
As I said get it to a group in your state and work from there.
It is fustrating but so is trying to win a over 35 soccer game when you are 45 and the others are 35.
Thats life.
watch karate kid video( I had to for weeks with the kids) and understand it is a learning curve.
If you run before you can walk ((you will)) trip up and that can be very expensive.
After that you will walk very slowly indeed.here to help
hi Dr.X
unlike most if I view I give a view.
at least the poster gets different idea.here to help
hi dazzling
98 toyota tarago (wife car carnival 2005)can park the tarago anywhere never get knocked off or broken into.
registered as a truck so get I 35mins on a loading lane( syd) instead of 15 mins and when you hit em you bounce off.
It carries all my paperwork and I can thru stuff in no problem.
I’m also allowed to smoke cigars in the tarago not in any other car.
just about to buy a coopers works but again no cigars I’ve been told.here to help
Hi investToSurf
Not sure of your state but hopefully your in sydney as we are having a get together on the 11 sept and I carry most on my usb pen so if you bring your laptop I will down load the non propritory ones.
There is no were to post programmes on this site ( and I agree with the reasons for that)send me an email if your not in sydney.
most brokers use generics any way.
a simple excell spread sheet for what you want can be picked up at you local high school computer class.here to help
hi Dr.X
Not sure the numbers to me look right will come back to once I have cruched them.
what is interesting for me is that I’m the first to answer the post after 34 other visitors which gets me thinking are the figures right.
Its like how long has this property been on the market and the real estate say 9 months and your the first one to offer any thing, you re look at your figures.
funny things we humanshere to help
hi all
Hardware and general will open accounts and deliver and yes they are a reasonably good option,
I don’t have anything to do with them either so no this is not advertising.here to help
hi PeterM
There are a couple of brokers here who can help and they can get a high income loan for 106% loans.
I personally wouldn’t aim on that higher lending ratio but at the end of the day its the deal that count’s and if your income can pay a wrapper it can a loan.
This is not financial advice and should not be seen as such.here to help
