I agree the townhouse will be your investment. However you need to look carefully at the numbers as you will of course devalue your existing property. You need to look at what the block would be worth and then what it will cost you to build the townhouse.

In my view many of the courses that are offered are designed to sell courses and not much more. Its not that the information is bad it just a course that says you can be a property developer after a 3 day course is wrong. If you have little real estate experience it takes time to gain the knowledge.

yes i am based in melbourne always happy to offer advice

I have only met Richard once. I offer a 19 year old some advice and get deleted. Richard has been posting here for years. For the record I have not picked up clients from this site. I do not need to. I try and share my knowledge.. Frankly I resent your comments and think the moderator has a cheek deleting my comment.

I offered to have a chat and for some reason my response was deleted. If I have experience why can I not offer to have a chat with someone.

It comes down to doing your own due diligence. As an example if you buy a house and land package in an outer area of any of our major cities the built in commission is around $30,000. So the next time you are told that its a good investment because it has land think again. The only reason they are making this advise to save tax lol is for the $30,000

Hi Jay I agree with you there. Thats why I am more interested in apartment complexes over there rather than houses.
I will also stick to my development model in Australia.

The Texas market is great, its because the economy is strong. If you look at Forbes they predict that when looking at the top ten boom cities all the major cities in Texas are there. So is Orlando in Florida. I love Austin as a city but it is a lot harder to get good deals there. It can be done, however you have to dig a little deeper.

If you are buying a product with no capital growth whats the point. There are far better investments out there

Hi I run a mentoring program, happy to at least ave a chat to see if I can push you in the right direction

Jay Private message otherwise I will be told I am self promoting lol

I love the American market, however I can currently make 40% on my money in Australia, frankly you will not those returns in the United States. So it is important to look at all options before in jump in blindly

I always recommend clients either go on a tour or go themselves at least once. The tours should not be about buying property, but should be about doing the due diligence and feeling comfortable with the market that you are looking to buy into. If not you may be flying blind.

If you are buying in Queensland you cannot buy a property and or nominees because you will pay two sets of stamp duty. So it is very important that you buy the property in the name of the entity at the beginning of the transaction.

Engelo

It comes down to the quality of the people you are dealing with. If you have a friend that you trust that is fine. However the average person is not in that position. Unless you are certain about the people you are dealing with on the ground you need to carry out due diligence. After all it is your money that you are spend. Remember a fool…[Read more]

I could not agree with Alex more. Too many Australians buy property through companies that do not know or understand there markets. Frankly if you buy property without doing your own due diligence you only have yourself to blame if it goes wrong.

We need to see the overall effect. I will not be just Greece, there is already a run on the bank in Spain. I believe that Europe will make money harder to get especially for property development. So that will create opportunities in Australia especially to pick up development projects.

yes via my website

you do some interesting work
you should email me

In Australia at present. Unlike much of America Texas has held up well. Property prices have not fallen plus it has the highest job and population growth in the country. Out of the predicted top 10 boom cities predicted in the United States for the next 10 years all are of the major cities are listed with Austin at number one and San Antonio at number 4