I have a couple of Budget Templates (spreadsheets) that I have used. You are welcome to a copy. Haven't posted here for ages and am unsure whether I can send direct to your email address.
Thanks for your input "Scott No Mates" . U do now !
The property was probably built late 70's -early 80's so its probably going to be a written applic for records…
The offer: A conditional offer is being proposed…..
Suggested Offer:
The following offer is for the property located at:
Price offered : $
This offer is conditional on the following:
An up front non refundable $ (nominal) option payment which secures the property by way of 'an option to purchase' while the following is undertaken:
1. Satisfactory Pest Inspection 2. Building Inspection which indicates the property complies with the current building code/setbacks/ privacy codes /fire codes -for dual occupancy type housing 3. Presentation of a Current Building Certificate (if not currently avail) 4. Finance to purchasers satisfaction 5. A 4 week period to conduct the above . 6. A Zoning of Residential 2B (or similar permitting dual occupancy) 7. Conditional that the vendor will sign any development approval or other application promptly within the settlement period.
Problems I foresee …too many conditions… …I don't want to be committed before I am fairly certain of a sub division outcome…
If you are looking for potential customers (ie. people looking to purchase via Installment Contract) I can refer you to them or vice versa.They are not pre qualified but are referrees from an existing wrap purchaser)
I'm looking at a property that is an attached dual occupancy – on one title. Land size 860sm. Property has potential to be either sub divided or strata titled- & later sold off as 2 properties. Its a brick & tile joined by 2 side by side garages.
Initial inspections indicate it is separately metered & fire protections in place.
Question is which is the better way to go ? Subdivision or strata title.
The offer: A conditional offer is being proposed. How would that be worded ?
What exactly can I apply for at Council while the property is under another individuals name/title ?
And what are council going to be willing to provide given it is someone else's property ?
Is the offer made conditional on my making the application to council w/ the owner's consent ?
Calls to Council have resulted in my being advised that if a Building Certificate has been issued in the last 2 years then an application to strata/subdivide can be made based on 'it being an exempt development application'.
Again what rights do I have to apply while the property is in anothers name.
I just need a recommendation for a mortgage broker. The Broker has to be an investor as well /knows positive cashflow and has read Mcknights books. If anyone can reccomend, pls do not hesitate to give me his email addie.