RPI replied to the topic Buying residential land to put a free older property on in the forum Creative Investing 11 years, 10 months ago
Hi
I have done this multiple times, but not for a decade or so, so my pricing would be out.From memory it used to cost me around $12k for the shift and something similiar for stumps and steel.
It's not a bad thing, after the transport you end up getting
-new stumps
-new wiring
-new plumbing
-new roofI would highly recommend that you stump it…[Read more]
RPI replied to the topic Invest in SMSF or in own name or trust in the forum Help Needed! 11 years, 10 months ago
See a lawyer regarding Asset Protection, accountants are not able to provide legal advice like that.
I like using various trust structures for property investment. I think you would benefit from looking at not just the structure for this investment but your overall structure.
Utilising a trust structure that then lends money to your property…[Read more]
RPI replied to the topic Selling Off The Plan in the forum General Property 11 years, 10 months ago
Payments for pre-sales go into a solicitor's trust account.
You use solicitor's and agents in combination to liase.
RPI replied to the topic Is Tax Depreciation Schedule necessary? in the forum Help Needed! 11 years, 10 months ago
I would always say yes.
regards
Darryl
RPI replied to the topic brisbanes new draft city plan in the forum Value Adding 11 years, 10 months ago
There are definitely some big opportunities.
I just appraised a site a medium density residential site, that will allow 3 times as many units under the new cityplan 2012 as opposed to the old. 3 2 beds to 9 2 beds is a big jump.
What about a 600m LMR site. Currently 300m2 of gross floor area allowed (excludes balconies)
New plan 540m2 (inc…[Read more]RPI replied to the topic brisbanes new draft city plan in the forum Value Adding 11 years, 10 months ago
Hi Ultra
It is with the State Govt and out for community feedback at present. Council is being cagey as to dates. Hopefully first half of the year. I am starting to submit some applications based on the new plan, though I wouldn't be pushing the 180sqm lots as yet.
regards
RPI replied to the topic New unit development and Trust Structure help pls in the forum Help Needed! 11 years, 11 months ago
Hi
I agree wtih Terry you need to get specific advice.Separate entities for developing and holding is a good start.
Trusts can provide flexibility for distribution of income and capital as well as asset protection. But if you don't set it up properly neither will work.
RPI replied to the topic Asset Protection/Tax Structure in the forum Help Needed! 11 years, 11 months ago
Hi Tom
Terry is correct in that asset protection advice should be through a lawyer, not an accountant.
One huge advantage you have, is that it is easiest to set up an appropriate structure early on. The more assets you have in the wrong structure, the more it costs to put them right.
I have just helped a client through the liquidation of one of…[Read more]
RPI replied to the topic Sub-Division Steps in the forum Help Needed! 11 years, 11 months ago
Hi
Driveway Last. No damage from machines digging up for other stuff. Others depends more on coordination of trades.
Good luck
Darryl
RPI replied to the topic Townplanner in Logan City Council area in the forum Value Adding 11 years, 11 months ago
Hi
<moderator: delete advertising>Logan City Council is a bit of a different beast, but they currently don't charge for prelodgement meetings which can help if you are trying to push some boundaries. If you PM the address and what you want to do, I will happy have a look and then post non-identifying info regarding the proposal and issues on…[Read more]
RPI replied to the topic brisbanes new draft city plan in the forum Value Adding 11 years, 11 months ago
Also
Duplex Code
Multiunit Dwellings changing from Gross Floor Area to Site Coverage. Massive increase in number of units that will be allowed under this model.
Eg 1000sqm block in 3 storey zone –
currently 60% GFA or 600sqm of units not including balconies
under new plan 45% site coverage. 3 stories plus a garage level (max 1m above…[Read more]RPI replied to the topic brisbanes new draft city plan in the forum Value Adding 11 years, 11 months ago
Hi
Have been vigorously plugging away at it and have quite a lot on my new website about it.
http://www.brisbanecityplan2012.com.auThe lot sizes drop dramatically if you are prepared to do a DA for the dwellings at the same time. Min sizes are
Low Density Residential 300 sqm & 7.5m frontage. 400sqm & 10m for rear lots
Character…[Read more]
RPI replied to the topic help needed for settlement issues in the forum Help Needed! 11 years, 11 months ago
Hi
Can you get a remedy under law? Sounds like a yes on the facts provided.
Is it worth pursuing if they are not forthcoming? Unlikely, legal costs would be more cost than fixing it.
Your solicitor advised to settle, so see what their estimates of costs are to pursue.
Sometimes it is easier and cheaper to forget it and move on even where the…[Read more]
RPI replied to the topic New unit development and Trust Structure help pls in the forum Help Needed! 11 years, 11 months ago
Hi DM
Structures depend on whether you are going to keep 1 or not. A trust structure is often a great way to go, just sounds like your setup costs were on the high side, If it was for only the trust, was anything else provided.I would charge $3,500 for a Development site package but that includes
Trust with Corp trustee
Loan Agreement and…[Read more]