I was looking around for land with permit for dual occupancy since late last year. identified this property and made an offer (90days settlement) in Jan. Settled in April (after lining up finances, building contract, etc). Started construction in May. expected completion in Mid September.Hopefully start the next Project on completion of this…[Read more]
I have recently embarked on my first development project (buy land with permits and build 2X2 bdrm units). Construction is in progress & is expected to be complete in 6 – 8 weeks. I plan to rent them out (hold strategy).
I am planning to attend Peter Comben’s Property development seminar (came across on the Net) before I start my next project…[Read more]
Terry, I agree. cap growth is the key for long term strategies. while we may feel the pinch in the initial phase (CF-ve) the equity build up will provide us with the ammo to do more and yes the rents will catch up as prop value rises.
Any suggestions from anyone on the issue of dependable, “switched on” Mortgage lenders, Solicitors and Accountants in Melbourne (West suburbs preferable but not essential). would prefer to deal with someone you guys have dealt with before and would recommend.