All Topics / Value Adding / Excitement time – just boughta house n land

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of giddogiddo
    Member
    @giddo
    Join Date: 2005
    Post Count: 152

    Whoopee

    It is exciting to be buying again. Haven’t bought any since 2001.
    Got a good solid roomy 30’s 3 bedroom “character” home on a corner block yesterday.

    The corner block is 1000sq m and is zoned for D. O., Multiple units, Motel even.
    I believe I could also get a subdivision thru too.
    The house is too good to shift I think at this stage.

    A new block would face a nice quiet street. Even the sewerline is in a convenient location!

    Now all I need to do is to explore all my options.

    To rent the house out while I decide what to do I only need to put carpet in one room. All the rest is in great shape.

    Return for the property will be an ordinary 5.1%.

    But once I get the development side happening I reckon I can easily make it cashflow positive .

    Any thoughts anyone. Do you like these sort of small developments? I do.
    Again -…………………Yahoo!! [biggrin] [happy3]

    Giddo
    http://www.standrewsplace.com.au

    KNOWLEDGE IS POWER

    Profile photo of salacioussalacious
    Member
    @salacious
    Join Date: 2003
    Post Count: 373

    Congratulations.

    Which state did you purchase property?

    Dom[biggrin]

    Profile photo of giddogiddo
    Member
    @giddo
    Join Date: 2005
    Post Count: 152

    SE Qld Sal…….

    In my hometown where I know the market -where else???[exhappy]

    Giddo
    http://www.standrewsplace.com.au

    KNOWLEDGE IS POWER

    Profile photo of Luke TaylorLuke Taylor
    Participant
    @world-changer
    Join Date: 2005
    Post Count: 415

    Good work Giddo!!

    Enjoy it!!

    We’ve got 70 yrs on planet earth,Lets make the most of every day!

    Luke Taylor | Hope Property Investing
    http://hopepropertyinvesting.com
    Email Me

    Property Support,Strategist and Buyers Agent

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    well done, i reckon don’t let the idea go cold. get in to see your planner/suveyor and get the ball rolling. no better time to start than today.

    regards

    don


    D&L Property Projects Ltd
    Sourcing Quality Investments in New Zealand.Email to receive current deals & New Zealand Information Sheet.
    [email protected]

    Don Nicolussi | Property Fan
    Email Me | Phone Me

    Learning, having fun and doing it!

    Profile photo of giddogiddo
    Member
    @giddo
    Join Date: 2005
    Post Count: 152

    Thank you all.

    Yes DLPP, I think you are right – once the committment is made it is time to MOVE.

    Every week I delay is a week later i will have a bit more $$ in my pocket!

    I am thinking town planner first then surveyer.
    I have never used a development co when I have done this stuff before I always seem to manage to wobble my way thru ok.
    Do you think it is a good idea to get a company to manage the whole process for me?[hmmm]

    Giddo
    http://www.standrewsplace.com.au

    KNOWLEDGE IS POWER

Viewing 6 posts - 1 through 6 (of 6 total)

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