Interesting article that in my opinion goes to two issues:1 – in fairness, the safety glass was mandatory, and while I think a judge making assumptions on what people know and don't know is dangerous, the glass was made mandatory some 7 years prior to the incident occurring, along with the alleged break-ins etc. Ok, fair call.2 – It goes to the…[Read more]
Trent gives good advice, and its nice to know there are funding alternatives to the banks here in AU, I laugh at them often, they restrict lending practices so badly no one can do anything and all of a sudden they're not writing any business, but blame developers for the woes of the property market.. Hmmm.. Anyway. A good lawyer and accountant are…[Read more]
Hi 4141… on solicitors etc, definitely, get 'em on your team, A good lawyer, agent, town planner, architect maybe, builder, form relationships with them even if you don't have deals, let them know what you're planning on doing, initially it'll be 'ok we'll see if you do' but if/when you turn up with something, the people will be there in place.…[Read more]
Hi IDHI also have a builder who could quote you, again in the Brisbane area. If not, let me know which area and I can hopefully refer you to one in our network.
Welcome to the wonderful world of 'developing' and why developers won't pay big money up front until there's a DA through and they know they can do what they want with a site. That's the risk involved that many vendors don't grasp. Councils can be fickle, greedy, cumbersome and in some cases utterly irrational. Some can also be great and a…[Read more]
Much as I can't stand Massland or Mark Rolton, if you can get past the <moderator: delete language> sales hype and unrealistic dream selling, the core information presented is accurate although possibly a little dated now, and to be fair I haven't seen his latest efforts.
I have my old one. Again, if you can get past the blatant dream selling…[Read more]
It'll all come down to the town planner you deal with, and what the surveyor/DA people you choose can design for an easement/access road. Without seeing a cadastral map or RPData map of it I'm only guessing, but if its a wide block (and at 2k m/2 I'd think it might be), you should have ample room to put something down one side, depending on the…[Read more]
Talk to any American who was in property prior GFC and they'll tell stories of lenders doing exactly the same thing, and in their opinion, these types of products were what contributed to the downfall, amongst other things, but in some states, like Arizona for example, there are still repossessions going on of people's houses because they borrowed…[Read more]
Sorry, not sure I understand what you're asking. An Investors help stage? If your'e asking what can she do to attract an investor etc I'd suggest doing the research I've suggested above First and foremost. Without knowing that, an investor won't have anything to work from. And to be honest, if the land is in the middle of nowhere, with no demand…[Read more]
What you need is email or information from real estate agents saying "yes there is demand in the area for this type of product" whether that's land, houses or whatever. You then need to speak to Council about what can and can't be done with the land. I've spoken to so many vendors out there who say "oh yes this can be done" but Council says "no it…[Read more]
depends on what zoning the land has, what the demand for land in the area is, or whether its for developed land and houses, depends on what council wants, etc etc etc. All this is info you'd have to take to any potential investors. I'd suggest 50/50 would be about right for someone funding it all, depending on if its through to DA or further for…[Read more]
yeah I don't know that I'd be giving away considerable splits of the profits if I'm taking on all the risk of the DA/legals/marketing etc. I'd pay the finders fee and a success fee if the option was negotiated for the terms I set out, on settlement or onsale of the option, but I don't know if I or anyone I deal with would enter into much more than…
Freeenterprise – good question about Buyers Agents, I'm curious to know how you think this would work given someone's desire to get an option over something, when this isn't a formal contract, and there is no commission payable until (or if) the property itself settles? I know when I did go through massland it was a very 'anti' agent although…[Read more]
jhk…you make a fair point. The people I've heard from include people who used to work for Massland and Mark directly. I've also heard from, as you say, people who've had problems and experiences with them. I tend to work on the theory that (social proof not withstanding) the more people saying the same thing, independent of each other, over…[Read more]
I'm confused as to how ASIC would know about property holdings myself.. not to say they don't, but I've not ever heard of them being involved in any way shape form or retaining that kind of information. They regulate mortgage brokers, financial advisors, publicly listed companies and such, APRA regulate deposit taking institutions and now credit…[Read more]
Paul Davis is alright, he knows his material, but he's not the only good property lawyer in SE Qld believe me, and you should investigate the relationship between Mark and him a lot more for information purposes only.As for RPData.. they're onselling at an inflated price. Simple. They pay a monthly access fee as a company for a certain number of…[Read more]
There's another one at Redbank Plains called Amarco. Last I spoke to the developer there are 3 left, within your price range ($320K from memory). If you want more info email me: matt@responsiblelivingcorp.com and I can put you in touch with him. To confirm I have no financial interest in the project, its a good mate of mine. CheersMatt.