Forum Replies Created
Here is a quick reply – You need to consider the Subdivision costs (if a plan has been done) who did it? – Building costs plus costs of subdividing – Sewer, water, power, gas connections – council contributions, Surveyor and registration costs – driveway and fencing – just some of the things to consider
Go and speak to the duty planner at council
I would start by going to council and speaking to a town planner – find out what the zoning is – can you build 1, 2 or more houses on the lot – once you do that then you can get an idea of what type of project you can do and start to work some numbers – you will need to do a site assessment and anaylsis – then a contour survey or take levels yourself (if you know how) – Either you gain the experience or pay someone for theirs
Which State or city are you looking at?
I would be engaging a Surveyor ASAP
Cheers
Hanh Tong wrote:I would like to buy the development sites with DA: duplex, triplex or townhouses. Please send me to my email: [email protected] Thank you! Best regards, HannahWhat area's are you looking at?
Scott No Mates wrote:An advisor 'should' be impartial & paid on 'fee for service' not be recommending investment strategies based on them 'flipping' their own properties, in which case they should be declaring an agent's interest in the properties being sold.I totally agree Scott – You would like to think most advisers are impartial or that they would declare an interest. It seems to me that transparency is one key in building good long term relationship with clients. A Real Estate Agent has to display the commissions he charges to Vendors and they must declare an Agents Interest if they own or have an Interest in the property they are selling as per the Act. So one would think that buyers dealing with R/E Agents are generally aware of the fees the agent will receive on a sale.
So why not get Property Advisors to disclose the same thing ?The issue addressed in the article relates more to the large commissions being accepted by advisers in respect of them recommending certain investments – I suppose its like the issue of commission only financial planners over the years where some it seems only recommended managed investments that paid the high commissions .
And I was unable to read the link to your article as it was blocked by my Virus scan program as a reported attack page.
cheers
Aviator77 wrote:Josh,I have been told rental prices are starting to grow already after speaking with some local estate agents.
Geting $1300 for 3 bedroom units/houses and $1600 for 4 bedrooms right now (not rented out to BMA) and the BMA strike discussions with the unions are still not resolved?
With the market demand slightly down now due to these strikes, flooding issues a while back, all coupled with the fact that families looking to sell up while the market was hot was creating an over supply of housing…… would you assume that now might be a good time to buy in a market like this before all of the strikes are completely resolved and the prices start to soar again?Hi Aviator, Josh and everyone check out this video clip on Moranbah http://www.property4profit.com.au/hotproperty/moranbah/ (its a sales page) – but the info about the town, the mines and upcoming projects is great but would anyone buy into the 30 to 80 unit – 3 story blocks that this guy is selling? Aviator I am also thinking the market is about to turn and its time to buy but I would focus on Small projects of 3 to 6 townhouses as opposed to the big unit blocks or single houses both new or old as in my opinion they are still too pricey for me and smaller new projects seem to offer better value.
I was also speaking to a builder up there who tells me he has a number of small time developers that need presales in order to secure finance and get the jobs going, I'm thinking they might be becoming a bit more flexible on price these days and I like the thought of buying off the plan and then having them ready for early 2013 in anticipation that all the dramas will be resolved by then – Like you Aviator I can sense opportunity knocking. What are the forums thoughts?Sam here is the link to a guy looking for info on lease options
https://www.propertyinvesting.com/forums/property-investing/creative-investing/4344884?#comment-265465cheers
KeyStrategies wrote:Hi BattsHere is the link to someone sellig a Rick Otten homestudy course – he does lease options wraps etc not sure if that is what you are looking for
cheers
https://www.propertyinvesting.com/forums/community/buy-swap-sell/4344869
Hi Batts
Here is the link to someone sellig a Rick Otten homestudy course – he does lease options wraps etc not sure if that is what you are looking for
cheers
Hello Forum
Actually rereading the article and speaking to an Investor for Townsville – I realised that its $30K commssion to the Advisor – he tells me that some Property Marketing Companies are paying that amount of commission – so it makes me wonder how much more is actually built into these deals
Anyway Buyer Beware – Cheers
Oh and I forgot to mention Marty Alyes is the Adeliade subdivision specialist – he spoke at the Mega Conference – as did I on Subdivisions but I am NSW based
Cheers
MichaelHello Batts
I have actually purchased Zaffers home study and attended his 2 day workshop a couple of years ago and I found that pretty good value for the information provided, I think it cost around $497 – and yes it was a sell to a mentoring course from $5K of up to $25K depending on level of support which I declined to take up – I have seen Mark Rolton present a few times and walked out of a multi speaker event he was at last time but he still gets them in at $6K a pop – And then trains them up to be his spotters finding deals they could never do themselves on a promise of huge profit share arrangements – If the punters actually realized people get paid $100K pa plus to do that job. But what puzzles me is you say Lease options both of them deal in Property Options.
I thought Lease options were like wraps and vendor finance – iIn which case there are a number of other resources to consider like Steve McKnights book.
Trust that assists – Cheers
James Wood wrote:Hi guys. I just purchased a property with sewerage running from front to back fence in the back yard and I purchased it with the view of building a granny flat. It is in the black town council region. I am 1 week from exchanging and wanted to know if this could potentially stop me from building a granny flat there or if worst comes to worst could I encase the pipe. Does anyone have any advice on what info I should find out and where to minimize problems in the future. ThanksSo james how did you go? The question I would have asked is where exactly was the sewer line – running from front to back? if its was along the side boundary and out of the way it may not have been an issue .
Would be interested to hear the outcome
Ashley
I have to say you know your stuff and based on this and various other posts I have seen you are extremely generous with your information – Thanks for your contribution to the forum – shame your in Melbourne or I would be using your services.
Cheers
alfrescodining wrote:Hi everyone.Can anyone recommend a good builder who operates in Sydney (preferably southern Sydney) with a good track record in building townhouses?Thanks
I have dealt with a few over the years – Speak to Zoran from CSB Homes to start – tell him Michael referred you
Send me a PM if you want more info
Cheers
alfrescodining wrote:i'm in SydneyI need it to lodge a townhouse DA.
I can recommend Steve Sampson from Burton & Field – I have used him for my projects in Sydney but that was a while ago not sure of current costs – As for your quotes they appear to be good value as I have paid between $2 and $3K but for full service contours, peg outs, Linen Plans – I attend to my own lodgement with LTO and save a bit there but with electronic lodgement its not really worth it these days. Cost depends of the size of the project.
HAve you considered doing Steve McKnights Property Apprenticeship Course – That might be a good place to start – I have been investing in property for 30 years now and I have found a few things in it that have assisted me – its a nice community to learn in – Failing that google property meetings and start attending regular monthly meetings there are a number of groups around
cheers
jmsrachel wrote:Has any one ever used Loan market as there broker and if so were you happy with there service?
Regards JoeLoan Market is the Loans part of Ray White Real Estate – I have spoken to a couple of their Brokers and I am yet to find one I would do business with.
