Will this strategy pass the ATO test that the structure is set up to primarily minimise tax? Sounds unlikely. Or perhaps they don’t care as it is IRS that misses out?

use http://www.pricefinder.com.au they have free 3 day trial which will allow you to down load this contact information.

I’m currently reading his book. Much happier paying $25, rather than $5k+ for his course.

You may not need to build at all to do this deal. There is often no greater profit in building the extra house than there is in subdividing and selling the land. Even if there is a greater profit, if you could do the deal on your own without building, the profit margin you retain is likely to be higher than splitting the profits with someone else.

I’m attending one in September for 4 full days in San Antonio. Max group size is 12. They take you through all of the legals, accounting, understand the types of deals they do etc and show you around. I’m happy being in a group this size for this length of time. I am then going to do my own research for another 9 days in 2 other markets.

Definitely won’t get a quote without plans.

Tell them what inclusions you want to have, aircon throughout, stone benchtops, construction materials, one or two storeys and ask for a per sqm rate on a turnkey basis for the build itself. Then make a further allowance for the civil works, including any retaining walls, stormwater retention tanks,…[Read more]

Sounds like a great deal for you.

If your business partner has the experience in these suburbs, then they should understand the council costs.

They vary greatly around the country. In Gladstone where I am developing, the council costs are approx 5 times what they would be for the same development in Melbourne.

There will be many councils in Perth. Which one are you dealing with?

By the sounds of this post you have no experience as a developer and this is likely to be too big a project to start with. I would suggest starting smaller.

At least go for 2 bed 2 bath. 1 bath devalues its rental potential significantly.

Mackay is my next safe boomtown pick

If it is a newbuild, the council won't have allowed it to be built in an area which is subject to flooding (in theory at least).

I highly rate Flynn, he was providing fantastic analysis on Gladstone being a boom town in 2008/2009. His articles in YIP magazine are the reason I invested there early.

This is his company http://www.omegainvestments.com.au/free_articles_and_reports.html

The agent had an offer that the bank was willing to accept, that was higher than your offer. Of course they are going to accept it and take their commission. It seems you should have offered more for the property initially in order to secure it below market value.

They were saying on one of the property investing shows that Campbell Newman’s government voted against it when they were in opposition, so the chances are slim to none.

The best commentary I have seen on the situation in Moranbah has come from Results Mentoring….

Housing Supply Risks

Prices and rents in mining towns are driven up when there’s a shortage of available housing compared with the demand for housing in the town.

Rents (and property values) will stabilise and possibly fall if new rental…[Read more]

I hope they renovated them before onselling

Developer or renovator?

What do you think they would do with your unit that will significantly increase its value? Could you do this instead and then sell?

Terrible name, given what happened to Baring’s Bank, wouldn’t inspire me with confidence.

I am currently working around similar easements.

An experienced builder recently advised that it is possible to encase the sewer line in concrete instead of moving it. This is likely to be a cheaper option.

What a stupid idea and a certain way to crash the value of property in the complex as all investor owners are forced to sell immediately…. Like the Las Vegas property market wasn't bad enough without this.Did you get a chance to vote?Maybe you can do a rent to own deal with your tenant, then there is no issue

Including project management that sounds good.