Originally posted by krautcan:
Has anybody suggested to Michael Yardney that $30k in equity won’t feed the children of feul the car! With a loss of $10k per IP, how many IP’s can you own before you have no income tax to -ve gear? A couple for most of us or 3 maybe 4.

Sorry to disagree but of course you can feed the kids with our increasing…[Read more]

Judy

Good luck with your development. Let us know how it goes[biggrin]

Michael Yardney
METROPOLE PROPERTIES
Publisher of Australia’s leading property e-magazine.
Join over 20,000 readers.
FREE subscription http://www.PropertyUpdate.com.au

Julie

The simple answer is a project manager is the coordinator of the whole project and runs the project. It’s not like buildinga single house as your 4 or 6 unit project will never have been built before and is unlikley to ever be built again in the same configuration.

It’s not as simple as buildinga house.

Architects often act a project…[Read more]

Yes – you must do a feasibility study before you purchase any property with development potential.

Otherwise how do you know how much it is worth to you and how much you would be prepared to pay for it.

And a bank will not lend you money on a devlopment project unless you did some sort of feasibity study.

Should you use a project manager – well…[Read more]

As developers and project managers we prepare our own feasibility studies.

The software we use is Feastudy. You can get details of it here…
http://www.propertyupdate.com.au/pages/Feastudy-Key-Features

Of course the results you get are only as good as the input you use and if you are not familiar with what this you should consider usinga…[Read more]

Originally posted by kum yin lau:
Hi,
To cut a long story short, I’m interested to ask Michael whether he can help me develop another property that I bought here in Adelaide. It’s an old cottage on 1350m2 of irregular shaped slightly sloping land near a railway track.

Anyone who’s interested can post a reply here or e-mail me.

Thanks for…[Read more]

Hi Sean

Property development can be very lucrative, but it’s interesting how many property developers go broke.

I am not trying to talk you out of it. I have been successfully developing proeprties for over 20 years and I am currently involved in 3 dffernt projects for ourselves.

Currently one of my companies Metropole Projects is involved in…[Read more]

I think number one is best

An upward arrow for postive cash flow or growth or improvement -or whatever

And a tick of approval.

Well done

Michael Yardney
METROPOLE PROPERTIES
Publisher of Australia’s leading property e-magazine.
Join over 20,000 readers.
FREE subscription http://www.PropertyUpdate.com.au

Originally posted by timothy_us8:
I am looking for some help and guidance to learn about Real Estate Investment something that will walk me step by step through investing in Real Estate properties. I have read a few on the matter but they are not what I am looking for. I am specifically looking for a tutorial that will tell me my options on…[Read more]

I agree with Paul that Dale Gatehrum-Gos is great. Al lot of our clients see him and they are all happy with his knowledge and accessibility – especially by email.

Another one you could consider is Ian Sheer who has recently aligned himself with Chan & Naylor, who are expert property accountants. I know him well. He is great and also a proeprty…[Read more]

There have recently bee a number of threads on this topic- you should get some answers if you do a search

Good luck with your investing

Michael Yardney
METROPOLE PROPERTIES
Publisher of Australia’s leading property e-magazine.
Join over 20,000 readers.
FREE subscription http://www.PropertyUpdate.com.au

Originally posted by DD:

A very clean and easy process, but again very different from most buyers agents.

Helping clients is all that its about.

Happy Hunting

DD

Buyers Agent (Dip Financial Services(FP)

So does that mean that you are wrokingas an estate agent?
Don’t sweat the small stuff,and it’s all small stuff!!

Hi DD thanks for…[Read more]

Originally posted by azmiahmad:
Hi there. I am based in Singapore. I would like to know whether it is wise to invest in inner city melbourne apartments or houses in Melbourne. I intend to have both cash flow positive and capital appreciation on the said property. This is the first time i invest in Australia. Regards

The oversupply of…[Read more]

Originally posted by sanjivgupta:
thanks to all who replied.
Does anyone know what the minimum land size is to subdivide in Frankston, Frankston North or Frankston South?

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

As others have explain…[Read more]

Originally posted by vkolker:
Hello, I just wanted to find out if anyone has used a buyers agent before. If so, are they worth their comission or are they simply pushing their own agenda’s?
If they are worth it, what would be their typical fee?

Hi

Do a search, as this topic has been extensively discussed recently – you’ll find heaps of…[Read more]

Originally posted by andrea01:
Thanks for the replies.

Does anyone have an opinion about buying flats in the inner west of melbourne?

Thanks

Andrea

Hi Andrea

Our statistics show you will get as good long term capital growth from a well positioned apartment as you will from a house in Victoria – not the same in other states.

I would avoid…[Read more]

Originally posted by ruroshin:
Hi,

I’m going to start my property investing quest early next year so I will need to have my trusty team in place. [smiling]

I also got a call from ARPP http://www.propertyinvestmentplanning.com.au/ yesterday and they’ll contact me again after the new years to arrange a free consultation. Anybody here have any…[Read more]

Originally posted by ftareen:
I am new to the forum, would like to know if anyone can recommend a good accountant in Sydney Hills district around Cherrybrook or Castle Hill?

Welcome to the forum!

Begin with the end in mind- one dy you will have a substantial proeprty portfolio, so don’t limit your choice of accountant to a geographic region.…[Read more]

Originally posted by tassiecyclist:
I see, thanks. Wasn’t thinking of starting an actual business though, just passing on information when i see something good. My sources are simply real estate agent, websites, and anything else thats publicly available.

tassiecyclist

You need to be licensed to get paid for what you propose – no matter where…[Read more]

Originally posted by Sweet:

I do not own an IP as yet but my goal is to buy my first IP in the next 2 years hopefully in Melbourne once the market has cooled off.

Any help greatly appreciated [biggrin]

It’s a great idea to get together with likeminded people, but don’t wait for the market to cool down – you could be waiting 10 years.

The…[Read more]