Forum Replies Created
Hi All
The only reason they say melbourne is the fastest growing is because they need a reason to set up the dept down there for cheap food and rego’s.here to help
hi All
email me with the date.
I’ll try to be there send to [email protected] don’t mind either dates.
Sorry I missed the last one.here to help
hi Rajeev
2c in most state will be a 1:1 fsr units development site.
3a is usually a 2:1 fsr commercial and residential unit site.
As for the web site I’m currently working on it but I have to be very carefull with how its organised 3/4 done but I have to run past my legals and asic before you see it.here to help
hi appless007
I’m not a 007 nor am I some one looking at bailing out of sydney.
I put a post previous and I think its something you need to remember.
Sydney is the second most expensive city in the world to live in.
it has had one of the highest growth curve of all developing cities in the world ( except saudi).
The growth of sydney compared with the other states can’t be compared.
my advice is get into either a buyer group or a syndicate keep the unit use terryw or similar( if you want to find him put a post home loan wanted)he will organise to use the equity in the unit to leverage to the next unit.
my reading of your post is this is your first investment( I might be wrong)make sure you structure your investments. a bad foundation no matter what type of brick still makes a disaster waiting to happen.
Get the roots right and the tree will grow.
also feed of terryw and alike they will help.
read my tag we are here to help.here to help
will do.
give me what you call fmv.
were all here to learn.here to help
hi RobertRajah
I’m interested why you want to sell.
you are about to settle and I hear that the nz market is boiling why sell now.
And having look at 14 people have looked at your post they probably are asking the same.
I don’t know the nz market so tell me why some body would want to buy this property.
and give me an address so I can tell you what it is really worthy it maybe a gem.
help me out here RobertRajah as I have very little to work with here.here to help
Hi coreyjay and harpeau
I’m not here to purchase this site(the price of the site is only relevent to the person who is buying the site).
First the seller must have a value that the site is worth.
( read my tag I’m here to help)
once he has a value ( and he gets that from me, you or anyone who can check the area that this site is in. he has a value).Then mark that price up depending on what the grossrealisation is(thats why I asked what the developer thinks he can get on the site).
This is the figure that the developer will pay.
some where between the price he/she thinks its worth and the price the developer thinks its worth is the value of the site.And sorry maybe I’m reading this wrong but my posts are not to buy these sites they are to help.
As for it not being important thats like walking into a shop to haggle on an item and the assistant saying there is no price you give me what you think first.
In asia thats works for jeans but not real estate.Coreyjay needs to have in his or her mind what he or she thinks its worth and then leverage from there.
One last thing for harpeau I think you are wrong or( perhaps i’m wrong)I don’t invest out of Sydney and some of us do not need to get to that level.
coreyjay sent me an email and I’m letting him/she know I received it and will answer it.Maybe you should have a little faith that some of us here and as the tag say are here to help. read my post harpeau you may learn
here to help
hi winwinbusinessdeals
couple of things to look at when doing subdivision
1. sizing check with council
2. don’t know perth but the resale value of this land, do not go below a 30% profit because you will not get a normal lend.
3. do your projection on a spread sheet and ask the bank would they lend you on it,if not send it to person like me.
And if again no walk away.
sub division sounds great but the difference between making money and losing money is great its the highest risk of all sectors and from my group we do not do them unless we have a 40% profit margin.
we would look at a high rise in sydney before a sub divid in penrith I have currently $42 million dollars in penrith(cbd) subdivision if you want it and I leave it to the venture capitalists who can lose on it.
My suggestions is bite the bullett and get a couple of guys together and develop it you will make the most money and us it to leverage to the next level.
This information is not free when you start to develop to the next level email me and let me look at your next sitehere to help
hi dazzling
we didn’t get to the semi’s or the grand final but my youngest did score a try.
The parents were asking the same as you,but from the other side of the question and that is how and why I go to these games they are there with there gator aid and I’m there with 2 phones 2 laptops and a man made table talking on the phone between games.
My answer to them is simple I’m trying the best I can.
At the end of the day I’m not sure of you but I’m a business man My main claim to fame is I make money ( I’m also the coach of my sons soccer and now physio Rugby league trainer) if you read my posts I like the asian way of sayings and there is one that I will give you.
lot of people have said as they were dying I wish I had done this or that but nobody has ever said I wish I had worked more or developed more.
working is good and recommend it to everyone.
but enjoying what you have done is alot better.
I maybe different from other developers but the first person to move into each of my developments gets a bottle of wine with enjoy my development and your home.
One of the unit in the current development is going to be the foremans home.
(chinese saying)enjoy what you do because you are not long here to do it.here to help
hi coreyjay
I got your email haven’t had chance to get the info yet but you haven’t put a price you think its worth.
This is the most important you are in that market send it to me will look tomorrow and email you backhere to help
hi exec
I am interested in this post.
I won’t be as frank as dazzling put I have a couple of question.
1. price of house
2.rent
3.term
4. security of tenant
5.out goings
6.insurance
7.buy back price
if and when you answer the above I can give you an idea if I have a investor to lend.
There is one question that I also need answering and that is why there are brokers on this site that can organise a finance package for this deal.
terryw is one.
I don’t want to sound demeaning but you are asking investors to look at a proposition of sell a house for ?? to keep for ?? at a rental of ?? for a lenght of time of ?? to purchase back at ??
and would you be interested in this deal.
As the name says I look at deals and if I went in with the above I wouldn’t even get a cup of coffee. sorry if I’m hard but that business you need to give us numbers.
oh and after read my post maybe I will be as frank as dazzling.here to help
hi all
I don’t wish to pop your bubble but as a vangard for these developers.
I will let you know that it is not usually the developer that requires mezzanine funding but the builder.
As for bargins well there are bottom feeders in any market don’t go looking for the cheapest in this market remember quality is what you should be looking for.
Find quality at a low price and you have value.
One thing you must keep in mind when you are looking for what you call bargins that you are getting value for money for a little bit more maybe a big leap in area value and resale further down the track.
Yes this is a buyers markets and there are alot of deals being organise from different lenders including developers and talking as one, we are in the market to keeping developing.
The property market is a up and down market and you flow with the market.
I like both boom and slow down markets as you have to adjust each and every day.
I haven’t nor I have any intention of discounting any of my developments but we build to a particular market and the value is seen in each development, some don’t.
Currently the builders/developers that I work with are not in the group that you are looking at and I don’t know the melbourne market.
I would be interested in the company that has closed and a feedback on your market.
I’m always interested in different fieldshere to help
hi leoau and oshen
If the question is the same as oshen says then.
the answer is.
No to the first part you would not get a loan from any financial organisation and I very much dought from a private investor.
As for the 2 defaults depends what relationship the broker has with that lending institution depends if a loan is possible.
As for dazzling’s posts I don’t follow anybody
I give my opinion and must be taken as a general opinion.here to help
Hi coreyjay
Can you email with the following
Where is this site street address.
What the size of your land.
Whats on it and what has the developer said he Wants to put on it.
I can give you an approximate price, when do you need to know I wont be able to tell you until tommorrow night monday.
Ask some of the local real estates they will also be able to tell you a rough price.here to help
hi dazzling
I will add my 2 penny worth.
I think the idea of a list and a ten year plan is a very good idea.
I have a 17,15,12.and a 7 year old, to get to where I am.
I closed off my involvement with 4 separate companies I work from home, I have kept two companies(the most profitable)and tommorow I’m off to my youngest sons rugby game.
I rearrange my meetings to fit in with my requirements.
I don’t give any financial advice any longer and I have multiple income from different areas.
You are at a point that every owner of a medium to large business gets to and you then have to decide what your move is.
Everyone’s different and each person’s choices are different.
I made mine 3 years ago.
If you are interested in syndicates email me at [email protected]here to help
hi pasandbec
I need to clear up a few thing that have not been said as yet And I am comming at this from the owners point of view.You need to write down each and every time this happens.
Then ask for a meeting with the manager and the owner.
Tell them with your date what has been going on and that you wish to stay put to clear away all this rubbish.
Leave the manager and the boss to fix this problem if it was me I would have a meeting with all three of you I would tell this idiot that he changes or resigns I would tell the manager that he should have already fixed this problem and I would organise another meeting with him/her.
and I would ask you to ring me direct if it happens again.
Some people think we have eyes in the back of our head well we don’t thats why we hirer managers to manage.
If the idiot is the owner talk to the dept of consumer affairs in you area and they will tell you the correct dept, its got nothimg to do with unions.
There something call rights here and the right I refer to is the right to a safe enviroment free from physical, emotional or material danger.
I know a little about this and if you don’t get much help from your current owner he is a very silly person.
I am glad of one thing this idiot doesn’t work for me because this would not have got this far.
no use smiling or any of that stand up let the upper managemant know and let them handle this.here to help
hi all
as per my post to voigtstr with regard to bird dogging
This is common now I know what they do.
I us them myself to find sites.
And yes there are good and bad but I only pay if I go thru with the purchase.
Am I wrong again for doing this.
I think not I get a site I didn’t know about, I get a jump on other developers and funders ( i’m not the only one) and he/she gets an income.
I use lender brokers, real estate,and even have one guy on the north shore here who walks up and down streets knocking on doors ask if people want to sell there properties.
I think they perform a very valid service.here to help
oh Property Passion
have a read of my reply post to how far can i go
(I think)it make interest readinghere to help
hi Property Passion
There you go that’ll help.
I use external town planners to check my da before they go in.
You would do well to have a chat with nelsons and if he charges a arm and a leg we can go back to bashing planners.
Only joke I may have to deal with nelsons one dayhere to help
hi Nobleone
you could look at the following
register your son as promotion manager there is no age limit to employ a director register him as a 1% share.
Register the dog with the police as a vicious and violent guard dog, the housing of this company gaurd dog is per annum and housed during the day so get a complete housing cost.book the accommadation in nz for the promotion director to meet with potential customers he has asked that the other two director to attend to formalise the agreement that he has negotiated.
past this by the ato just don’t tell them that I dreamt this up.if this doesn’t work back to no you can’t claim your son or dog accomadation.here to help
