MichaelYardney replied to the topic Property investing consultants? in the forum Help Needed! 19 years, 5 months ago
Originally posted by APerry:
Chang,Some do a good job for their clients, others not so good and they all have different structures and methods of doing business. It is simply not possible to comment without knowing who you are talking about.
There are people who post on here who provide these services, you could try talking to one of them.…[Read more]
MichaelYardney replied to the topic Quotes for hardstand in the forum Value Adding 19 years, 5 months ago
Concrete paving is 40 per sq mt and concrete for driveways (heavier duty) about $60 per sq mt
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.auMichaelYardney replied to the topic To live off equity or not to? in the forum General Property 19 years, 5 months ago
Originally posted by Terryw:
….. What would happen if one was to continue to increase the loan on an investment property year after year and then died. The person’s estate would have to pay CGT on the property, but with the loan up high, there could be a shortfall after paying CGT and the loan back. ie you could possibly leave a mess for your…[Read more]MichaelYardney replied to the topic Thinking about moving into real estate as a career in the forum Help Needed! 19 years, 5 months ago
Originally posted by the_aimbot:
Quote:
Originally posted by westan:[/iI agree I’m not looking to learn how to invest by becoming a real estate agent I’m looking at it as a way to marry two passions.
While real estate sounds glamorous as a job, it is a lot of hard work and very few succeeed.
The average wage for a real estate agent has…[Read more]
MichaelYardney replied to the topic 16yr Old needing help! in the forum Value Adding 19 years, 5 months ago
Originally posted by q:
I am a student very interested in property development. I am currently doing an assignment in which a plan to develop beachfront land hypothetically, into a block of units. I want to do everything except for construction. Things like development plan, risk assessment, loan applications etc.
Can anybody please tell what…[Read more]
MichaelYardney replied to the topic New home builders? Any good ones? in the forum General Property 19 years, 5 months ago
Originally posted by billwindsor:
HiI’m thinking of pulling down my house and want to have a new one built by a reputable builder eg Burbank Homes, Henley Properties, etc
Can anybody recommend any good reputable ones who can provide a quality build?Thanks
If it is to be your home,you also need to find a design your are a happy with.
Try…[Read more]
MichaelYardney replied to the topic Need a Licensed Surveyor in Victoria in the forum Help Needed! 19 years, 5 months ago
Originally posted by Humus-King:
I am building a unit in South Caulfield Victoria, and I am in the process of arranging plans for the council. I have a VERY tight budget and I am looking for a licensed surveyor to measure the existing property and survey the surrounding properties.
Does anyone know a reasonable surveyor in Vic?
Help
JonathanTry…[Read more]
MichaelYardney replied to the topic Valuing a property with negative returns in the forum Help Needed! 19 years, 5 months ago
Originally posted by buxton:
How do you work out the value of a property if it has a negative return of 8% and had similar for the previous 3 years?What do you mean by negative return?
If you mean cash flow negative, then cash flow is not the way valuers or the majority of buyers (who are owner occupiers) value property.
Remember 70% of…[Read more]
MichaelYardney replied to the topic Best option to sell your property at this time! in the forum Help Needed! 19 years, 5 months ago
It depends a lot upon your property, but the first thing you should reaslise is that in this flatter market it is unlikley taht you as the owner will get a better price or the same price as a savvy agent would get for you.
If someone buys directly from you without an agent, they expect a discount and you don’t get a benefit.
Auctions still work…[Read more]
MichaelYardney replied to the topic Aggressive or Conservative??? in the forum Help Needed! 19 years, 5 months ago
There is little doubt in my mind that a good agent can get a few more dollars out of prospective purchasers. We have proven this many times by choosing hard working agents who “have fire in their bellies”
I am not sure I would say they are aggressive, but they are far from conservative.
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s…[Read more]MichaelYardney replied to the topic Where to advertise commercial property?? in the forum No Subject 19 years, 5 months ago
The commercial equivalent of realestate.com.au is http://www.realcommercial.com.au I think it is restricted to agents only like its sister site.
There is also http://www.commercialrealestate.com.au and http://www.propertylook.com.au
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE…[Read more]MichaelYardney replied to the topic Norlane, Victoria in the forum Help Needed! 19 years, 5 months ago
Originally posted by jgray1982:
Michael,The reason i have looked at Norlane is because of the prices….. Is there a problem with looking for barains? Or is that not your style? Would you prefer to buy an overpriced house?
Cheers
Hey please don’t get defensive. I was not being judgemental, but asking a serious question in order to help…[Read more]
MichaelYardney replied to the topic property managers in the forum Help Needed! 19 years, 5 months ago
Originally posted by alee:
Hi all, just wanting to know what is the usual % you pay a property manager to look after a rental property. i am currently in the middle of purchasing a unit rented for $110.00 and the property managers are charging 3.5% on rent commission, 5% management fee plus $8/ month for admin expenses. is this about the…[Read more]MichaelYardney replied to the topic Accountant:Melbourne:Investment Exp in the forum Legal & Accounting 19 years, 5 months ago
Originally posted by renarcher:
Can anyone recommend a Tax Accountant in Melbourne who has experience with negative geared property investments. Would love to take full advantage of my tax return this year.I know a few good accountants who understand property well who we frequently refer clients to.
I am not keen to put their names up here,…[Read more]
MichaelYardney replied to the topic Norlane, Victoria in the forum Help Needed! 19 years, 5 months ago
Originally posted by jgray1982:
GUys,I was wondering if anyone can give me advise on NORLANE, Victoria.
I am looking to invest in that area and was wondering if anyone knows much about the area. The prices seem very cheap.. I was wondering if it was a Housing Commission area or just a bad area.
Any help would be great.
Cheers
Of all the…[Read more]
MichaelYardney replied to the topic The benefits of property developing in the forum Value Adding 19 years, 5 months ago
Originally posted by resiwealth:
I noticed u have 70 projects under way currently M.Y from an add in the API mag, care to list some for us …resiwealth
Its currently 87 projects at various stages from concept to completion (there are 19 people on our team) Past and some of our current projects are listed on our web site some with photos.
But…[Read more]MichaelYardney replied to the topic The benefits of property developing in the forum Value Adding 19 years, 5 months ago
Originally posted by MiniMogul:
My word, what a spruik-fest this thread has become Michael.You are correct, but it was not instigated by me and fortunately I don’t need the publicity.
I find I am continually asked to justify my business and commercial descisons.
I am comfortable with that and sure it is good for business, but I would rather a…[Read more]
MichaelYardney replied to the topic The benefits of property developing in the forum Value Adding 19 years, 5 months ago
Originally posted by resiwealth:
So M.Y what is your seminar content and how do u justify the price you charge??resiwealth
What I charge is a commercial decision, I am not sure why people keep asking me to justify how I run my business. I don’t ask my dentist or solicitor why they charge what they charge. I bet I pay my accountant at a higher…[Read more]
MichaelYardney replied to the topic qld developments, beginner! Needs a start! in the forum No Subject 19 years, 6 months ago
Originally posted by MikeJackson:
Michael Yardney,
Are you a registered building practitioner with the building commission. I think that is what colbert was asking. With all due respect, Being a member of the HIA does not ensure you have the appropriate insurances in place etc, my dog could join the hia if he wanted to and he could put their…[Read more]MichaelYardney replied to the topic qld developments, beginner! Needs a start! in the forum Value Adding 19 years, 6 months ago
Originally posted by colbert1982:
Must be a MASSIVE donkey if it is Comparable with your backside.Anyway, i am more interested hearing from Mrs Yardley.
Cheers
I don’t understand what you are waiting for.
I repsonded to you yesterday with a private message and explanation showing you that you were wrong and that my building company is a…[Read more]
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