Forum Replies Created
All that applies to birddogged properties as well.
It is incredible that properties can be gone 30 seconds after they go out on a client list. I am sure that I have missed out on a few because I have not been keen to be a ‘fool rush in’, but even if you wait and do the numbers you are able to pick up properties that’have problems that the ‘average aussie investor’ does’t want to/or know how to solve. I don’t want to pay a birddog fee for a property that 2 days later turns into a lemon – no disrespect to the birddogs, but I trust my due diligence not others.
Redfish
Be encouraged to run the race
I am past the council approval stage. Now have a whole heap of conditions to satisfy, completing survey and engineering works. 2 big problems, 1 – the cost. Don’t know how you got it done for $6k! Council contributions are about that, then there is the survey fees ($5k+) and engineering works for things like driveways, stormwater, sewer laterals, telephone and electricity. That could add up to $30K if I go for a concrete driveway. Problem 2 is that contractors are booked out 6-9 months out, and given the shortage of supply your not really in a position to negotiate price!
Still, problems when solved equal profits right ?!
Redfish
Be encouraged to run the race
Hey Mini,
You can’t leave us hang’n ..
Originally posted by MiniMogul:
..settle and I can make a 200k upside in that space of time, it is SO worth the trouble to sign it up (took me a month – don’t ask!) and the trouble to get it sorted (I.E. what I’ll have to do to earn that 200k!- don’t ask!).I’m asking I’m asking !
Redfish[cap]
Be encouraged to run the race
Thanks playa chicken,
Did the $5-6k include all council fees, contributions as well and survey costs and civil works ?
Are you classed as a developer ? .. do you have an issue with tainting future investments ?
Anybody else tried subdividing ?
Redfish[cap]
Be encouraged to run the race
Hi,
This KA2 thing, to whom is it targeted ? It looks like from the forum that it is for people just getting started -is that a fair assumption ?
Also, we have heard from the people that did well at KA1 – but what about those who did not. Were there any of them ? and what were the reasons they didn’t meet their goals ? .. might help others to avoid the same problems.
Redfish
[cap]Be encouraged to run the race
