AndreiR wrote:
Not having a go at Steve at all, im sure hes a great guy, and like all of us he's probably keeping his golden secret as close to his chest as he can. Im of the opinion that all BIG real estate millionaire's have a huge network of realtors which give them the 'first go' at securing a deal the moment the owner wants to sell.So how…[Read more]

have u thought about tryin to offer options and then using investor finance for the build and costs if thats possible?that may save you 400/500/600k on the purchase of the intial land/property and try to option out for a long enough time to complete your desried project.not for everyone,but def up some peoples alleys vendor wise.offer them an…[Read more]

yes,our broker actually said he can get a hold of private money should our projects be a bit "out of the ordinary",for eg buying units on one title,strata them and resell.which is very difficult to finance over a very short period.but yeah,try craig mills at approvedfinance or ur local broker,just get urself into a mentoring program etc and then…[Read more]

its a common thing to use private investors.u do not need any money yourself to use them,the reason investors use u to do the deal is they have money but no idea,but they want a return on it,so they use smarter people like you/me/ others to invest their money into projects.u will need to do some form of feasability to present them on the deals…[Read more]

DavidSMorris wrote:
Hi Cashwalton, Woonona is a great place (its where I live). I am about to start construction on my own investment property here. Talking to local agents is a great way of gauging property prices. A good agent will give you details of recently sold property similar to what you propose to develop and the SALE price. Maybe…[Read more]

Qlds007 wrote:
J HallYou say it wil be negatively geared is that post Capital Allowance, Depreciation and loan set up costs claims.Be suprised how many clients dont know they can claim all of these non cash deductions on their PPOR if all other qualifying criteria is met. 

can u explain those further,i know depreciation,but not the others? i k…[Read more]

we are looking at renting out our ppor so we can move to brisbane and expand our job opportunities,even though it will be neg geared upto 150pw+,the costs outweight the benifits.(i should say i HATE HATE HATE NEGATIVE GEARING HERE!!!) so its a big descision for us.for us it gives us the opportunity to surround ourselves with mroe property minded…[Read more]

if its a townhouse probably 1200-1250 per square meter from flat grass to turn key move in ,but it depends on headworks on the block and council etc,does the block slope away to the back etc etc etc.so if ur building 6 x 130sqm t/houses thats: 6 x 130 = 780sqm780 x $1200= 936k for construction + headworks + strata costs  + da + ba + any sewerage m…[Read more]

so it has no d/a now?also,yeah,if u dont need the money now,then take the option.as a developer he is trying to reduce holding costs during planning period and d/a period.then build once thats all done.its ideal for him.and as someone said,he is trying to produce atleast 20% gp in the deal,preferably heaps more,so as long as u keep ur pricing…[Read more]

steve-invest wrote:
Hi Guys Why pay all that money when you can get it for free, I have done so many seminars and seriously, have learned the same stuff and more (in fact unbiased) by going through a finance broker by the name of Tony Born who has supported me through my whole property investing journey… he is a fantastic guy who has been in…[Read more]

do u know if cmoney will actually lend to past students.i want to do the course but its pointless in the current market if u cant lend to do the projects,and the first choice would then be to use her cmoney finance,but will they finance first time developers etc,or is it no better than any other broker out there.

im a member of pricefinder,the place we got advice from said they have used rpdata and found pricefinder much much better.so we use that now.can do all types of things with it.

qld can be upto 50k per block.but it depends on heaps of things.town planner is your person to see here,they can take your lot number and then prepare a complete costing of the whole project and tell you if its feasable at the same time.see your town planner.

christianb wrote:
An architect or suitably qualified dratsperson should be able to research and prepare land use digrams for $1,000.

thats correct,i have been to t/p this week for this reason and was qouted 1000-1200 for the pre-approval plans drawings and submission etc.that said,i have been to him twice now for in office meetings and it has…[Read more]

buy and hold is one thingsell for profit is another,if u can sell for profit and want to then go for it.

p.s – do NOT do a development feasabilty on the hope of price rises unless your very sure,do the research on current sales in the area for those dwellings.also u must factor in some margin for price drops aswell.to forsee a price rise in the current market is very brave,a lot of people forecast 20-40% drop in prices still to come,and with good…[Read more]

christianb wrote:
In my experience it pays to do some simple research right at the start. Perhaps find a planner or architect in your area and ask them to prepare a very simple land use plan that you (or they on your behalf) can take to the town planning department of the local council. Butting heads with the council on planning issues is much…[Read more]

my very quick check found http://www.planning.wa.gov.au

i am in se qld,and am trying my first investment soon hopefully also,i want to build duplxes like yourself.but i suggest u contact your town planner and online planning scheme.to give you some ideas to question them about,here are some hurdles i have to deal with in se qld.

1- zoning- are in in a low/med/hi density residential area- if u have the…[Read more]

i am in se qld,and am trying my first investment soon hopefully also,i want to build duplxes like yourself.but i suggest u contact your town planner and online planning scheme.to give you some ideas to question them about,here are some hurdles i have to deal with in se qld.

1- zoning- are in in a low/med/hi density residential area- if u have the…[Read more]