Thanks for your help Richard.
Trish

Thanks Terry. Can I assume that repaying the loan all happens as part of settlement?
Trish

Thank you all for your comments and recommendations it's all very useful.

Thanks Wilko.

Thanks

Victoria, Frankston council

APerry wrote:
How long is a piece of string? It depends heavily on what you are trying to get approved. I'd also make the point that the quality of the consultant can have a heavy baring on:
1. If you get an approval at all;
2. How long it takes to get an approval;
3. What is approved;
4. How expensive it is to build
5. What price you will get…[Read more]

Hi David, I also have a site in Frankston that I was thinking of developing, if I send you the details could you give me an idea of what you think I could do?
Thanks
Landt

Hi Tankimh, 
Troy Harris has a due diligence checklist that might suit your needs. You can google his website or try this address it may be correct http://www.rookiedeveloper.com.
landt

The block is in Frankston, Victoria. I think the easement is for the water company and it's right at the back of the property so you'd think it would be easy to work around. I'm going to do Troy Harris's Rookie Developer day next week so hopefully i'll get lots of useful information.

Hi Wilko1,
I've got a block of land the same size but the only town planner I've gone to so far has suggested the only way i will make money is to renovate the house currently on the block and then build 2 x 2 storey townhouses. I'm wondering how you managed to fit 7 x 2 bedroom houses on your block. Did you have to go to a couple of planners to…[Read more]

Hi Dean,
I'm no expert but certainly happy to share what I do. So far I've only bought 3 investment properties but I've seen pretty good growth from all 3 so far. I don't buy in a town with less than 10,000 people. I use the APM data found at the back of the Australian Property Investor mag to see what the 10 year growth % per annum is and look to…[Read more]

Thanks Joe we're now thinking that we'll develop the block and build 4 town houses which we'll hopefully be able to keep.

I've invested in Frankston south of Melbourne which is one of the not so nice areas you talk about. It all comes down to the tenant though. Our property has risen nicely in the last few years, and although the tenants may fall behind in the rent from time to time they don't wreck the place. You've got to find a good investment and then get a good…[Read more]

KeyStrategies wrote:
Happy to report that I am right to live thru until 2034 on my current position and I am only just putting in place my 10 year plan leading up to retirement. My goal is to leave a legacy for 3 generations to follow as well as beginning able to look after myself and It appears I am on track to doing just that.

Hi Michael,
on…[Read more]

You can ask for vacant possession and then the current landlords can give the appropriate notcie to get the tenants out.
Landts

My family and i love to cruise and tend to take at least one per year. We’re looking forward to the day when we can retire and take the cruise around the world! Hopefully property investing will get us there.
Landt

Hi Crusty,
thanks for the heads up. I would never be happy using someone who had a past record like that or anyone who associated with them. In my opinion anyone who is capable of those kinds of deeds is not someone who I would want to be associated with in any way, and I will not deal with anyone who works with them.
landt