All Topics / Value Adding / Developing in Adelaide

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  • Profile photo of NotSureNotSure
    Member
    @notsure
    Join Date: 2010
    Post Count: 1
    December 13, 2010 - 12:36 pm

    Hi,
    please advise me on a game plan

    I'm single with no dependants, I have $200k and 2 car worth $70k. I have no debits and I rent, I'm on a work roster of 2weeks on 1week off at$100k per annum 
    I want to develop property in Adelaide maybe with a partner perhaps (joint venture) anyone keen for a JV???…common let make some coin together!!!

    I've done 2 developments to date not too successfully, my first project was a corner block split sold rear block and existing house just over 12months I only made $20k. The second was a split and smash existing house then sold 2x vacant land blocks 9months made $50k. So i'm a bit of a novice.

    Got any tips for me???

    cheers
     

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    December 13, 2010 - 11:23 pm

    Do your numbers before you commit to a block of land.

    Lose one of the cars (unless it is a work vehicle).

Viewing 2 posts - 1 through 2 (of 2 total)

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