Forum Replies Created
What Council area are you in
Regards
ChrisNeed to know more on your background, to offer any help…
Can you confirm if this meeting is on at “Petersham RSL on Sunday 26th Feruary at 4pm.(Upstairs in the top foyer or a function room)”
Regards ChrisChris
[email protected]I will be there Len
Chris
[email protected]I am not to up on QLD contracts but, if you are buying a house and land package with no building contract then you should agree with the builder a deposit, have that deposit held in an interest bearing account held by your solicitor, at settlement this is released and the interest split. Put a sunset clause in the contract, with a performance penalty clause for everyday the builder is over that period.
If the builder does not except this then you are on your own….Chris
[email protected]Quote
“Something for you, I have a friend with a house in Minchinbury on 700sqm. House next door is going for sale and there are town houses in the street already.
Interested in looking at it or would you know somebody that is?”
This was posted has a reply to a thread I put up, send me both site plans Erik and I will try to put best use to it for you.
Regards ChrisChris
[email protected]Fishing are we Erik, great to hear from you hope all is well with the family and yes am always interested in looking at anything. Hope all is going well with your new venturs, message me privately sometime.
Chris
[email protected]I have used this type of laundry in all my renovations, I have built a unit in the kichen and or the hallway or garage, which is a large cupboard which has a skinny mini laundry tub with a small two shelf box above. A top load washing machine with a front vented front load driyer above. All you need to remember is you need some sort of floor waste.
Regards Chris Preston.
Send me an email and I will send you a pic of one of these units complete.
[email protected]Chris
[email protected]See this link for pic,s of elevations http://www.somersoft.com/forums/showthread.php?t=24176
Chris
[email protected]Thanks for your note Brian, my sons and I stripped out all of the units, then used contractors to complete the works, we kept the site clean and undertook minor works. I funded the purchase from my own equity status with my bank; the renovation was done with my LC.
At the time that I entered into a conditional contract all units had week to week leases, over the period of acquiring the D/A and C/C most tenants moved out.
I had one tenant being a pain but we started the Reno around him and he moved out after about two weeks, we had arranged to relocate him to another property off site, cost me one month’s rental for him.
In general I have managed to get vacant position but I would always look at any deal on its own merits.Chris
[email protected]Matt I see that you are in real-estate, do not be fooled by this.
In a property settlement the property will be valued by both sides if it has anything to do with the couple in question and the value will be how the funds are split.
With a valuation of 300k and a sale of 200k then one would expect that this person will need to provide most of those funds direct to the partner, must be something involved here that you have not found out. It does not happen!!!
If this was genuine then it would be very easy for you to purchase this based on Valuation and no claw back by either party.
Regards
Chris
0296541001
0409306122Chris
02 9654 1001
0409 306 122
[email protected]The problem with one bed Units in metro NSW is comparable size to value, a lot of lenders may not lend the amount % you may require, and again these type of apartments are in a mix of others, but still have a high portion of outgoings.
If this is going to be an investment property for you, check out what is available, if you find something, then check out the local agents for rentals that maybe available in that block, that is your competition.
Then for the same amount $ value that you have found, remembering that your lender may not lend anywhere near what you need, go look out west there is nothing wrong with the outer suburbs, you may get a better return and a better lend.
Regards ChrisChris
02 9654 1001
0409 306 122
[email protected]First you should contact your local council and check out the conditions they require for fire prevention and sound, also you need to check on parking.
These are very important; not knowing the age of the block you may fall short on the most important FIRE!!! The rest is quite easy just procedural thing.
Give me a call.
Chris Preston
0296541001.
0409 306 122.Chris
02 9654 1001
0409 306 122
[email protected]Thanks Derek for your advise, anyone in Hills area of Sydney want to get together for a coffee and a chat some time, please send Private Message and we can get in contact.
Regards ChrisChris
02 9654 1001
0409 306 122
[email protected]Thanks ecatt,
I have, been around a while and worked through a number of high’s and low’s.
Over the years I have put a number of sites together, from Duplex to Medium Density to all types of subdivision being Strata or Torens.
I have 3 sons all L.R.E.A aged 21,25 and 27 none working in Real Estate, all my sons have IPs my 25 year old will have his builders licence next year 2007 so I will lead them through the construction process.
My land subdivision in Tassie is underway I am in the process of getting a 20mt wide road reserve registered on title with a part 5 agreement with the council that they take over the finished road as a public road, this will then allow me to try for a change of zoning to allow for a reduction in lot sizes. Give me a call anytime on 02 9654 1001.
Regards ChrisChris
02 9654 1001
0409 306 122
[email protected]Thanks for your note, yes I am in Sydney. Find it hard after being
so active in this industry to find people to network with other than work related. Anyway if you ever get time call me on 02 9654 1001 or 0409 306 122 for a chat.
Regards ChrisChris
02 9654 1001
0409 306 122
[email protected]
