Forum Replies Created
Mary
I guess you have looked into the license requirements in each State you intend to market your Website.
Certainly in Qld you would need to be licensed and may need a full Real Estate License dependant on the numbers of properties you intend to market each year.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Freedom
Yes it can.
At the moment dependant on the type of property you are looking at circa 8.75-9.75%.Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Try John Murphy & Associates.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
KB
We as a Brisbane based Company have wrapped over 130 properties in Qld and have been involved in Vendor Finance since 1996.
I retired at 37 although after a year felt i had to go back to work to keep the mind active.
Please feel free to email me if you need any further advice.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
michael
2 questions:
1) Without having to look up on RP Data what did you pay for it?
2) Does it have LCC consent for multi letting?Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Penguin
Are you looking at wrapping or property investing.
If you are considering wrapping in Qld then you need to be aware of a few issues including:
1) When the FHOG is paid.
2) Stamp Duty scales and dates due.
3) Some variabces under the Qld Property Act.Lastly one big difference. Properties in Qld (excluding Brisbane) and significantly cheaper than NSW.
Ohhps did i let the cat out of the bag on that one.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Dave
We have 131 properties now all of which are wrapped.
As a company we employ 2 full time staff to manage the day to day correspondance. loan statements,FHOG processing etc, etc.I assure you its worth it.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Josh
Email me if your query relates to Qld and i would be happy to advise you.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Kramer
Why go interstate. Mel at Home Loan connections is a regular contributor to the site and she is based in Brissie.
Is finance for wraps you are looking for?
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
We have just finished refurbishing 14 x 1 bedroom units in the West of Brisbane all under 50 square metres.
Having arranged finance for purchasers on over 10 of them ourselves we used a combination of Banks. Try HSBC, Bank West or St George dependant on the LVR.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
fullout
What is it you are after?
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
gen
Firstly what is the purchase price and what is the valuation.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Mel & Andrew
All our stock is sold at valuation.
The simply reason we use the Investors CLub is that the Contracts are ready to settle as soon as we have finished the construction or renovation. The Club charge the developer a flat fee of $11,500 + GST for properties upto $300,000 and require no marketing or advertising monies.In Brisbane most REIQ agents dealing with developers stock charge 3% which equates to a similar amount however are also after upfront monies for advertsing and self promotion.
On occassions when we have dual listed the properties the Club has outperformed the local agents every time. Often the local agents target a residential owner occupied market who are keen to see the finished product before proceeding to Contract.
With the Investors CLub our stock is known in Brisbane as high quality and good value for money and investors buy off the plan on past performance.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
NO Bec
We do our own wraps. The Investors Club through their licensed Real Estate agency market and sell our own residential development stock.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
We started our involvement with the Investors Club in the first 6 months of their operation some 6/7 years ago when Kevin Young worked from home.
Our involvement was on the other side as a Developer and the Club wishing to sell our properties.
All I can say in the years that we have been involved with the organisation (and they still sell our stock in Brisbane) we have always found them excellent to deal with and we will continue to support them.
With regards to Bec comments about the Journalist from the Courier Mail well all I can say is I was interviewed by both those gentleman and the information we provided on the organisation and another firm similar to the Club was never reported accurately in the Newspapers.
What a suprise !
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Hoarel
I don’t mean to be negative but can i just openly crunch some figures with you aload.
Purchase Price – Assume $1.1 Million
Costs of Subdivision – $360K (will vary from Council to Council but based on our last Land Subdivision in Brisbane) includes surveyors, engineers, Council Application, Headworks & Parklands contributions etc.
Marketing & Sales – $75,000
GST on Margin – $60,000
Approximate Total -$1,595,000
Less Gross Sales – $2,000,000
Profit available for distrubution – $405,000
Represents 25% RTCThis ignores holding costs and the fact that 2 of the lots would be sold to you at Cost plus $1.
Not sure what everyone else would expect but i wouldn’t do a Land Subdivision that will take over a year from Start to finish with only a 25% return.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Congrats Jaap on your first purchase.
We have 26 houses (all wrapped) in Rocky so i guess you can see what we think of the area.
Which suburb is it in?Cheers Richard
[email protected]
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Kyl_37
We buy, refurbish and strata title blocks for a living in SE Qld and have never found a shortgage. If you need any specific questions answered please feel free to email me.
Cheers Richard
[email protected]
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
queenslander
Subject to zoning, the age of the property and GFA it won’t be the Council you will have the problem with as it will conform under the Town Plan.
Problem will come with the Paddington residents committee who other than their counterparts in west End are the most vocal in Brisbane. We have just finished 13 units / townhouses in Elizabeth St, Paddington and they tried to take us to Court to overturn the Council DA.
Cheers Richard
[email protected]
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Bruce
Having had our own ATO ruling on this very question I can speak with a degree of authority.
Firstly in Brisbane the age of the property does not decide whether you can Strata Title the property only whether you are required to comply with the new Building Standards Code. If the Building was constructed prior to the Building Act of Feb 1974 then you are required to comply with the new building code with regards to fire rating etc.
Should you lodge an application to Strata Title the block converting it to 4 separate titles you are not required to pay GST on the individual sales. If you refurbish the building as long as the refurbishment does not alter the building itself (i.e construct another lightweight story on top, remove walls etc) then the end sale price does not have to include GST.
Bear in mind than you are unable to claim any GST credits along the way for any general “Non substantial work” carried out.
Maybe better to refurbish the property at the same time as you are constructing new units on which you will pay GST !!!
Cheers Richard
[email protected]
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
