Hi all,
Sorry about the delay I have been offline for a little while.
I responded to an advertisment by a large spec home builder who has just started what I call
a lease option. They are matching up their existing punter who can’t get finance with me the investor. The punter pays rent to the value of 7.39% P/I for the house/land package for a…[Read more]

Gday
I believe there are oppotunities in any market. I don’t think you can go and buy any old and tired property at list price and expect to make money by renovating it. BUT if you scour your investment area for the real deals (those with the hidden potential) and start making alot of offers you will buy some great projects. I look for property…[Read more]

Gday guys
I found the Gray Eisdell Matthews Auctions in Springvale Victoria to be a very good source of building supplies. They have a renovators auction every fortnight advertised on the back of the Age business section. We found paint 10 litres/$10 doors $10+ timber windows cheap cheap and all soughts of goodies.

have fun

Rossco

Gday Nathan
Q1. LVR stands for loan to value ratio. An LVR is worked out by dividing the total borrowing on a property by the value of that property. You then multiply the answer by 100 to com up with a percentage ratio. ie 89 percent lend or LVR of 80
160,000 borrwing on a 200,000 home.
160,000/200,000=0.8 0.8*100=80
Banks like to lend up to a…[Read more]

Hi
If you are in Vicoria you can go to Land Victoria in Bourke St in the city and do a title search for under $10 this will give you a name and address at time of settlement. It could be wrong but it would be a start. New Privacy laws have stopped the other avenues. Sometimes a local agent may have a listing on their database but not if it’s been…[Read more]

Hi Canuck

I feel I may have been slightly mis-interprted on this. I have been dealing in an area which has had significant capital growth in the past two years. Prices of completed houses had skyrocketed but land had lagged well behind. We chose to bring land prices up to a fair market value. Since we set the new level it has been rising…[Read more]

Hi Canuck

My name is Ross, we have had our own family development business for 2 years now. We have had projects from simple buy/renovate to residential subdivision. In dealing with finance providers on these commercial ventures you will soon learn that their only priority for them is to mitigate all risk for themselves. They want security to…[Read more]