Forum Replies Created
hi gpsNetwork
Give spi a call or email, he wants to advance and sounds like someone who will learn quick, he’s in sydney, not sure if he’s looking, he’s under 20 so see how it goes.here to help
hi giddo
Ive seen your website and reading your post I can understand what you are trying to achieve and I agree that you must spend money to make money and not rely on bank figures.
If you can use the properties for your business the value changes which I can’t calculate.
cost don’t go down so I’d bite the bullet and build and expand your business,
But thats my view not as a funder but as a business capitalist as a different section I take run down business and reform them so I understand your position.
The figures I gave your are from a profit to build and sell point of view.
non of above is to be taken as finacial advice or to be debted against.here to help
Hi investToSurf
What did your broker say.
I’ve number cruched it and no it wouldn’t get thru if I was doing it, but having said that you have bought it and it is a 19.22% profit so for a small development I would give it a green light for a starting off project.
Just next time send it past some one like me before you purchase, your broker should have been able to give you this info.
I hope those figures are correct as theres not much fat in this project, if all goes well your looking at $94,989 profit after selling cost, gst etc.
It must be noted that this is not an indication of lending nor is it at all to be seen as financial advice.here to help
hi Bob Dobelina
I’ve got to 70%grv and between 10 to 11.5% rate
I have a couple of people in qld that will do between 65 to 68%
Get ypur guys to email me if there in the market always interested in talking to lenders.here to help
hi all
whats the difference between this and bird dogging.
teach meAs they told me bird dogger was a searcher
here to help
hi all
Syndication has nothing to do with risk.
The risk is similar just spread across more members.
The value of the item to be purchased is the main reason for syndication the cash/equity is spread across a larger number of investors.
There are many types of syndicates and no not all syndicates rip large management fees depending on what the syndicate reason is.
There are.
Buy build sell
Buy build keep
Buy completed product and lease.
All have different structures and can be as small as 3 groups and as big as a listed property trust.
and yes there are alot of companies involved in this market and the market is huge.
As you may or maynot beware I cannot recommend any syndicates, it is contrary to the asic 2,20
rule.
which means you are not allowed to recommend anything more then 2 mil in value or to more then 20 people either or.
As you will see from this forums number.
The 20 number would be slightly over.
As for the 8 %return there is a couple of syndicates not ours that is quoting in excess of 11% for a commercial building syndiacation most are unit trust and you can find them, you just have to keep looking.
The best are small fixed number, fixed return dividend, specific project,and specific time and projected profit.here to help
Sorry Sam
Assett protection is only covered by insurance if the insurance will cover it.
And they have a nack of getting out if (a) they can or (b) the claim is large enough for there team to say they can,
In which case you have to win the first case and then prove the insurance should have covered it.
I have only ever won one case against them.
I had to prove our position and then prove that the claim should be covered.
we won
So you may think but think again because if you ever go to court.
The court works on a sliding scale of costs and if they knock down sliding scale a cost you lose actual costs and sliding cost are not even close.
This case actuals $22,000.00 slide $10,000.00.
we won both cases and lost $12,000.00 work that one out.
Time for case to run 4 years.here to help
hi all
Is this investing in spamhere to help
hi Lorrelle
It doesn’t make sense to me either because the lend, even if one loan is basically split internal within the bank system and until it is sub divided they can’t split it.
I don’t know wa but the process in nsw is (A)land purchase (b)sub division (included in da)(c) da cc (d) constuction and the lending is given in these steps so you would stop at sub division every time.
our sub division and da are done together and the council must approve or decline with 2 months.
decline land and enviroment court ( 2-3 years for hearing)here to help
hi Property Passion
once you have finished that unit and got your occupation certificate you can then make up 50 cards with your name as a developer.
and you will have a reasonable idea of the council process.
have funhere to help
Hi kp
This is not a easy exercise and land subdivision is a different area again I don’t do then,one of my guys just does land sub division.
There was a post on land sub division last week and I got stuart to send him his last divison report and how it was worked out ( I think he was trying to find the value of his land, you’ll have to search)and email him for the report.
gross doesn’t work for land sub division hence I don’t do it.
oh and bob banks will do this type of lend I have done a 7 mil at 65% gross @ 8% rate.
But you have to be at the right time, for the right group and pitch it right ( I win some I lose some).
They are rare.
And for Property Passion look for a broker, there are a couple floating around this forum get accredited as a broker.
Work with a couple of bank managers and but a small gross lend to them.
They will then tell you how you should have presented it and work from there.
This type of lending is alot of work but I don’t charge normal $500.00 brokerage rates I am expensive to some.here to help
Hi beegee
Have a chat with your accountant at a combined income of 175k the ato will be loving you and won’t want to lose you.
This is not financial advice and shouldn’t be seen as such I DON’T GIVE FINANCIAL ADVICE.
Your own home is the most valuable for storing money as it is low on tax when sold but the interest is dead money.
I wouldn’t tell you how or what to do because you need to get a vehicle that (a) reduce your tax (b)flexible for personal changes (c) growth
post your state city and maybe a broker here can give you an accountant in your area.
first call would to the pencil guys at this income you are going to need one anyway for your tax return and don’t tell me you are using one of those shopping center kiosk’s.here to help
hi beast
Not sure what you want.
From pabbs73 post he was looking for a switched financial adviser/broker.
I for one if I was looking for this person and I found a switched on broker.
I would have a chat with that person.
I have no relationship nor business dealings with any brokers on this forum but if I wanted help then I would ask.
I am in sydney and I have some very good people behind me.
Maybe for both pabbs73 and beast a chat with a broker maybe the answer to your question.
Or post herehere to help
hi kp
The 750k lend is on the 1.2 mil gross realisation.
The total lend on the gross 9 mil was total lend of 6 mil. each and every lend is different.
Theres ways of structuring it so the result is between a 65% and a 70% gross realisation depending on the deal.
These lends are not the normal lending and most banks will need alot of convincing to approve and is relatively specialised.here to help
hi all
total lend is
land, build all cost except gst and legals
in the example I get lending for the 750,000 total.
lvr on these lends are 65%, they are stand alone single lends.
As for the banks I pitch first to bank, second to superfunds, and third to private finance.here to help
hi moony
current price for a 2br is 210,000 I don’t value commercial usually in the pricing that’s cream.
It becomes a little different when the commercial is a large component of the development.
I price per site and view each site,
Hence I only do in Sydney but I do complete lends land, build and all the cost in between.
rule of thumb at the moment 210(2br) 230(3br)
280 (townhouse)and 300 house build cost only.
This is only a thumb as I’m currently doing unit with sound,light, bells and whistles and they are 450 (2br) for the whistles per unit.
So it depends.
I work mine from the gross backwards
so gross $1,200,000 -35% = 780 – build 275 (505)-legals and cost interest 140 = 365 land
my working out with calculator
this is not an example this is a lend I just did.
land after legals came to 389,250.
loans going thru.
If you have most of the figure it work out the same.here to help
hi property passion
The best way to price it is first get a couple of prices see there work and then which ever you think will do the best looking project for the best possible build price is the way to go.
Remember the value is in the gross not in the start.
Are you fix pricing the build deal or build yours self (yourself is the most risky but can and usually is the most profitable unless costs blow out) (thats the fun bit)here to help
hi dazzling
I disagree i’m not one for giving advice.
only joking your right.
You must put that this is not advice or any financial undertaking to cover your ar-e.
I think that the only way around it currently is.
I did this or I know of someone that did that.
Bit of a waste of time to me but marcel and john tell me I have to type or say it and at the end of the day their the guys who have to stand in front of the guy with the wig.
so it goes on.here to help
hi lance_picton
depends were they are and the price.
I have 1 x on oxford street sydney purshased $65,000, 8% return very little expences and cpi 6% increase.
I had 14 people wanting to rent before I accepted the current tennent who is on a 12 month lease.
Not huge returns but the value currently is $85,000 in 6 monthshere to help
hi giddo
first thing is you need to apply the foundation.
Have a chat with your neighbour get them to put a complaint in with the local police that this is a very violent dog and must be supervised at all times.
next get a letter from the police for the same.
next get the dog chipped as a violet and agressive dog and registor it that way( you wouldn’t want this violent dog out on its own)
next apply as tax deduction as its your guard dog.
also you should be able to charge for the use of the dog to your company and pay it an income.
Please do not rely of any of the above as an investment as I’m not supposed to give financial advice.
and make sure that if I do meet you this violent dog is kept under complete control.here to help
