All Topics / Value Adding / Does anyone subdivide land & sell lots fulltime?

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  • Profile photo of choruschorus
    Participant
    @chorus
    Join Date: 2004
    Post Count: 7
    February 19, 2006 - 8:34 am

    Hello everyone,

    I’m looking at buying a house on 1ha block of land in a growing country town.

    First step is to rent house for positive cashflow.
    Second step get council approval to subdivide the land.
    Third step either build kit homes on each lot and onsell, OR sell off each vacant lot.

    Is there anyone out there already doing this fulltime?

    Can you offer me any advise?

    Cheers,
    Nadia.

    “Get on top of every day before it gets on top of you.”
    (Rudy Giuliani, former New York Mayor)

    Profile photo of MichaelYardneyMichaelYardney
    Participant
    @michaelyardney
    Join Date: 2001
    Post Count: 616
    February 19, 2006 - 1:53 pm

    Yes I do [blush2]

    But I don’t or rarely sell.

    If you do it well, you can refinance at the end of your project, get (some of) your funds out and do it all again.

    But as a beginner be careful there are lots of little traps – check other posts on this forum

    Michael Yardney
    METROPOLE PROPERTIES
    Author of Australia’s leading property e-magazine.
    Join over 11,000 readers each month.
    FREE subscription http://www.PropertyUpdate.com.au

    Profile photo of choruschorus
    Participant
    @chorus
    Join Date: 2004
    Post Count: 7
    February 20, 2006 - 12:39 am

    Thanks Michael.

    I read your post regarding your new book soon to be out in March, ‘How to Grow a Multi Million Dollar Property Portfolio -in your spare time’.

    Very inspiring.

    Do you talk about your subdivision strategies in your book?
    In the mean time I will read through other posts on the topic, and will get back to you if I have more questions.

    Cheers,
    Nadia.

    “Get on top of every day before it gets on top of you.”
    (Rudy Giuliani, former New York Mayor)

    Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891
    February 20, 2006 - 8:07 am

    Hi Nadia,

    I don’t do it myself full time, but I also have plenty of experience in this area, as I own a town planning consultancy and work full time for people who do this. Unless you are doing a fairly large number of lots or havfe a lot of resources already, it would be difficult to do full time, because of the lead time on projects. The people who are most successful at this strategy, including Michael, make sure they are in a position where they do not have to sell the end product,they may choose to, but do not get themselves in a position where they are a forced seller.

    Regards
    Alistair Perry

    Profile photo of choruschorus
    Participant
    @chorus
    Join Date: 2004
    Post Count: 7
    February 21, 2006 - 11:42 pm

    Thanks Alistair,

    I’ll know who to contact when I need advise from a town planner.

    Cheers,
    Nadia.

    “Get on top of every day before it gets on top of you.”
    (Rudy Giuliani, former New York Mayor)

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