Forum Replies Created
Hold onto it, the benefits of holding in the long term far out weigh the positives of banking now (in my opinion)
However I dont no your personal situation, if its to stressful get rid of it, life to short yeah:)
Goodluck
Hi,
Check this thread out https://www.propertyinvesting.com/forums/property-investing/value-adding/4329357
The difference between town houses and normal dwellings. Basically as soon as you go two storeys the cost starts to blow out a bit.
Make sure that the sewer is connected as well.
Hope it helps
Lachlan McDonald
Stroba GroupHi Nras
what is contained in this weekly seminars?
Some people dont know.
Others dont want the hassel, it is a little but time consuming, also funding issues
But I reckon most of it is because they dont know how and cant be bothered. Just go and buy it of them:)
yeah mate im an agent in WA and I crossed checked them with the info on reiwa.com they were the same. if that helps
Rent gauranteed for twelve months means that you pay extra for the purchase. The company figures how much it will cost to have the property vacant for that long and then adds it on to the price. So effectively your paying your own rent.
Yeah i Have heard of Margaret through this site. That wasn’t my understanding of the scheme.
We unsold some properties to clients and the title was transfered, but maybe there are some other ways of doing it. If so why would you cough up 300k and only get rent return. That really doesn’t make sense to me.
Check out http://www.chfa.com.au/NRAS/
It should explain it better.
But if you don’t get a title I would not bother with that NRAS provider just find one who will.
Great website hahahahaha
1996 Hyundai Excel. The silver fox:) Love the little thing and still looks semi professional one day Black Subaru WRX Sti one day:)
The idea is sound and the returns are good. It ten years government backed to be positive geared??
Things that you should remember when buying though
-Cheap cheap rent. 40% below market rate! In a complex. What kind of tenants will it attract. It could turn into a Getto
-Resale after ten years might be low.But ten years of positive geared property. If you have the right insurance it will be a sound investment
Let me know your thoughts
I see that as the commission. Im thinking a referal fee is what they would give you if you sent them business.
If your talking about an actual sales commission then the average in WA is 3%
Hope this helps
Much to long we are doing alot of developments in Perth at the moment and twelve months is the worst quote we have got back. It sounds like your company has enough work already might be a better idea to shop around. Might cost you a little more but shave six months of the job??
Cheers
You could also put it in your contract for sale. A clause like sixty days due diligence to find out if it will go through. if you pay a good price it should have no problem settling.
Hi Kazwood,
It depends who you go through, 1000 does sound a bit much, however we do alot of business with town planners so we may get a cheaper price. I have heard of surveys going for $600. which town planner did you use?
You mean, you give them the lead and they give you coin? You could get $500
Hey mate,
Your looking at about 10k to demolish and clean the site, some companies will do it for free depends on the material the house is made from. From there it depends if the sewer is already conected to the site (that can be expensive). After that subdivision process is very simple.
5000 in council fees (my last one in WA) this depends on your council so look into it
You have site works to consider these depend on the type of soil elevation bla bla bla
In regards to building the home house prices can vary dramatically.Here is a break down of a town planner costs
$600 plus GST Feature Survey
Sub Division Application $2,200 plus GST
WAPC (Western Australia Planning commission) $1401 plus GST
Then they will charge you follow up fees about $100 an hour
Also a development application will cost you around $2,000I do plans for 1,000 plus GST per property so $2,200 for both of them
Does that give you more of an idea? Of course these figures are rough and Western Australia but does give you an idea. The aim is to get in and out as quick as possible or the interest charges get to big so dont get held up at council.
Let me know how you go
Cheers
LockyYeah i feel positive about my area and Australia in general with the population expected to reach 45million by 2054.
Terry is right there is no need to have two directors if you plan on holding the shares in both your names (ie 50 for me and fifty for you)
Whoever if (and think about this) you have your family trust own the shares to the company you should have both of your names as directors.
You have to speaking to an accountant or financial planner about setting this up for your situation but if you have a family trust set up you can us this for everything and pay less tax
Talk to your accountant or one in the area.
Sorry, i missed what you were talking about. I am looking for an agent to work for my company:)
Not myself in selling a property. Does that make more sense?
