jazz77 wrote:
If you dont have a builders licence you will have to go owner builder.You cant do multi unit work as an owner builder anymore.

Yes you can. For example, buy a block with your brother/sister etc. You can owner build 2 dwellings on the block where each individual has one each.

Don't forget to call the relevant water authority to determine if there are any flood overlays. Oscar

Derek wrote:
Not a broker.Always use a broker because of their;1. Knowledge.2. Tailor made finance package.3. Loan structuring.4. Access to multiple lenders.5. Focus is on customer's needs and not the bank's need for security.

Always???? I don't think so. I've had better outcomes, especially with development loans, going direct. All 5 points…[Read more]

DWolfe wrote:
Anyone got any experience with this. A few REA have been rattling on about DHS (Vic) buying up large sub-dividable blocks, or whole blocks of units etc in areas. Anyone heard this rattle? My question would be, does this mean I have to compete with Tom, Dick, Harry and KRUDD to develop? Does this work in a plus that I can flog off…[Read more]

Each council is different. Start by calling them or a local surveyor.

Buy below market value, rent out at market value or slightly higher with a few creative techniques (not difficult).

Worth buying? Well thats your opinion. The above strategy is fact which I have completed many times this year and as recently as last week. Hard? No! Easy? Not as easy as picking an apple of a tree.

Good luck!

Oscar [biggrin]

Last time i checked it wasn’t up and running. It was a voluntary run site and i guess the volenteers just ran out.

Way off there Richard. It still operates. Melbourne runs smoothly and is getting bigger and better. Check out: http://www.financewraps.asn.au/default.php

Nathan: Join up and if from melbourne come along. Its only $150 for the…[Read more]

Richard

I use Frank Libman. Very experienced and has done work with Steve. You can call him on 9888 6255.

Cheers

Oscar

Hi Steve

1. Discussion on development finance
2. Raising funds through equity partners
3. Discussion on the Psychology of investing.

Cheers

Oscar [thumbsupanim]

coops t

whats wrong with buying property and then sitting on your arse and waiting for the value to rise? Easiest way to make money provided you choose well located properties with scarcity value and you are able to service the debt comfortably with appropriate risk management e.g. interest rates, vacancies.

Bill Zheng (finance guru) showed a…[Read more]

cloudancer

“Thing is I do not intent to get out.”

easy answer….DON’T!

Oscar

Hi Marisa

Without knowing much about your future goals via property, I would be reluctant to sell a property which has grown above the avarage growth rate.

E.G. property worth $350k…annual growth rate of 9.5% = $33250 (on avarage). Surely this is far more than any maintenance required per year. That amount is also greater than $10k p.a…[Read more]

Giddo and foundation

Would you sell your own home if it went down by 10-15%?? I dont think so and nor will many others…INCLUDING wrappees!!

I take it both have not constrcuted a wrap deal???

Oscar [cigar]

PM me and i’ll put you through the finance person we use that allows wraps.

Cheers [aacool]

Oscar

Simon

They are really a marketing company more so now. Previously more accounting stuff.

I haven;t dealt with them personally, however, I know I can buy better property myself. It seems they play the ‘cashflow’ lines on overpriced property through depreciation and rental guarantees.

Oscar

Hi

If you are interested in JV’s for wraps/vendor finance transactions feel free to PM me.

Cheers

Oscar

Sonja

I have been dealing with Stuart for close to 2 years…fantastic guy!

I wouldn’t compare him with the guys on the seminar circuit…he makes his money by finding deals for himself and his chosen investor clients. The amount of deals he has going at any given point is just amazing.

I have completed a few deals with Stu and its been…[Read more]

If people put the same amount of energy they put into worrying about interest rates to putting together DEALS, it won’t be a huge issue!!

You should put your more energy into things you CAN control.

As for interest rates, all you need to do is make an opinion and be prepared for any future movements…..not predict it.

Cheers [baaa]

Oscar

haz_obst

Can very, but generally the following:

1. 10-20% margin on market price of the property
2. 1-2% interest margin
3. as for repayments, it varies from area to area. i.e. market price on properties. I’m completing one at the moment where the repayments are $225 per week and the market price of the property is $115k.

As Leigh suggested…[Read more]

Darren

Where are you planning on buying into?

Oscar