ottg replied to the topic Obtaining a commercial loan in the forum Finance 14 years, 5 months ago
Banker thanks for that. I just want to get back to my original post when starting this thread:a. how to compile a financial application proposal for financiers?Now I also need to have a handle on the financial feasibility assessment which need to include the cash flow forcast before I can do a Proposal See another post here: https://www.propertyinv…[Read more]
ottg replied to the topic Obtaining a commercial loan in the forum Finance 14 years, 5 months ago
Banker wrote:
Will it be retail banking or commercial banking? let us know the following; How many properties are you building? a. What is the land value? b. What are the construction costs? c. What is the estimated end value? BankerStill early days – CBD redevelopment – subdivision and 3 dwellings a. 700kb. 270k x 3c. 1.9mRRP = 650k each but…[Read more]
ottg replied to the topic Property development – project management in the forum Help Needed! 14 years, 5 months ago
Thanks for all the comments. In a large multi-dwelling development surely you cannot monitor every step. Will you say then the key is clear directives when starting-up the project based on sound project management principles. ·Clear roles and responsibilities within your team·Clear communication plan showing what reports to expect, when and by who…[Read more]
ottg replied to the topic Doing a Feasibility Assessment? in the forum Help Needed! 14 years, 5 months ago
Where can I get help and at what cost? Those who have done it self where did you learn?For my Feasibility Assessment I want to achieve the following – Want to understand the different values, obtaining the costs and then for you to determine if it is in my best interest to continue with the development. ·Know my costs / profits before I c…[Read more]
ottg replied to the topic Obtaining a commercial loan in the forum Finance 14 years, 5 months ago
Thank you all for the comments and Banker for sharing great pointsIf I dont want to work through a Broker initially who is the best person that can help to develop a compelling document that represents a development in the best possible way showing the financier that I know exactly the cost implications, risks and expected sales income based on…[Read more]
ottg replied to the topic Property development – project management in the forum Help Needed! 14 years, 5 months ago
Any comments or thoughts!!Regards
ottg replied to the topic Property Development Management and financiers in the forum Any ideas or comments from 14 years, 7 months ago
Any ideas or comments from anyone on this forum….
ottg replied to the topic Property Development – Getting hands-on Project Management experience in the forum Help Needed! 14 years, 7 months ago
Any other suggestions, contacts or pointers, please!
ottg replied to the topic Vendor Finance in the forum a. Where and how do you find 14 years, 8 months ago
a. Where and how do you find property owners that are willing to participate in vendor financingb. How do you built trusting relationships with those property owners c. Do you involve real estate agents to find vendors for you and offer them the opportunity to sell after reno, subdvision or developmentd. How do you show a track reord o…[Read more]
ottg replied to the topic Need list of past subdivision DA approvals in the forum Help Needed! 14 years, 10 months ago
Found this company BCI Australia that also provide building approval information. They also research and provide information on all building and construction activity in Australia, both public and private, from concept design to planning, documentation, tender and contract award to early construction.
ottg replied to the topic Need list of past subdivision DA approvals in the forum Thanks for the info. Made 14 years, 10 months ago
Thanks for the info. Made contact with Reed Construction Data (Cordell). They can help but charge $300 per search per month. Ooch….I also did a formal application for access to information at the Planning Commission. Awaiting feedback. Any other ideas from forum members?
ottg replied to the topic Subdivision R-code optimisation in the forum Help Needed! 14 years, 11 months ago
Thank you for all your feedback! I will check it out!Regards
ottg replied to the topic Need help on starting a residential investment business in the forum Help Needed! 16 years, 2 months ago
Hi CDThank you for the names. Excuse my ignorance but what does 6:P means?Regards
ottg replied to the topic Business Coach in the forum Help Needed! 16 years, 11 months ago
HiI have personally coached various SMEs. However you get coaches and coaches. Ask them what formal qualifications they do have i.e business degrees? There are some with very dubious qualifications (4-10 day training plus 4-6 weeks in-house training). Coaching is based on asking relevant questions in order to make a business owner think about c…[Read more]