[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

May 19, 2011 - 1:13 am

Changes to flooding standards for building and development based on the January 2011 flood ( Brisbane)

http://www.brisbane.qld.gov.au/community-support/emergency-management/flooding/Changes-to-flood-standards/index.htm

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

May 18, 2011 - 4:45 am

Great vision however bit broad …….

Have you got a site if not have you looked into the purchase cost of a suitable site to accomadate the GFA of 12 apartments?

Are you looking at bluiding these in Australia?

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

May 16, 2011 - 7:09 am

Quote came in at 180k .Budgeted 150k

Did a Columbo with the vendor before due diligence expired and got 20K off purchase price so happy with that. 

Suppose few lessons I’ve learnt and sharing here are:-

If you can fix the problem you can make money (learnt that from Steve years ago)

If you don’t ask you won’t receive ( push the envelope be it with your professional team / council /  agents etc)

Sometimes the real negotiation doesn’t start until the contract is signed.

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

May 16, 2011 - 5:10 am

Just to go a bit left field in regards to negotiating…

Intrigue wrote:

Another thing playing on my mind….

I know an investor, he is under 25yrs of age and owns in excess of 25 properties. He once made a comment to me that I thought very interesting.

'the negotiations begin after the contract is signed' 

Do we have to do things the way they have always been done just because that's what the seller wants or what the agent is familiar with?

Full thread on link below.
[/quote] https://www.propertyinvesting.com/forums/property-investing/help-needed/4335705

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

May 14, 2011 - 11:12 pm

Angel, im with you .in todays tight market a clear shot of reality  needs to be delivered to the vendor (assuming the agents already done this im sure…..lol.. ohhh  and no doudt informed any buyers they have had a flood of offers over the property )

On negotiating ………"Prepare by knowing your walk away [conditions] and by building the number of variables you can work with during the negotiation.. ……you need to have a walk away… a combination of price, terms, and deliverables that represents the least you will accept. Without one, you have no negotiating road map."

Vendor / Agent / Buyer

The one in the middle is the most compromised…..  hence who plays the most games as its been put?

Agents…. legends in their own underwear.lol

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

May 7, 2011 - 10:21 pm

I like around Mt Gravatt Brisbane for the medium term.

Has the key drivers

http://www.brisbane.qld.gov.au/documents/plans_strategies/localplans_mtgravatt_strategy_newsletter.pdf

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

May 7, 2011 - 9:46 pm

bedfordproperty wrote:

Should say the house is too good to demolish currently. So subdivion potential would be down the track say 10 years!

If the numbers work to do it now (subdivide) why not just do it now? 

Property we settle on in a couple of weeks has similair issue. We got bluiders quote to recitify and termite treatemnt costs and insisted vendor fix prior to settlemt or compensate the costs off the purchase price. We got $20000 of purchase price.

We probably wont even get the repairs done as it makes more sense to proceed to develop the property now regardless of the fact our/ this property has excellent  yield (dual occupancy) and the  house outside of that being in good order.  

 Remember biggest possible return/profit in shortest period of time

Food (wood) for thought

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 28, 2011 - 6:43 am

If you going to be investing in inner inner Brisbane cant go wrong with West End  … 

Outside of  the intrinsic drivers you mentioned it has its own unique culture which is always going to make it  a popular  suburb…… there is the rezoing along the Montugue Road area and council redeveloping along the river etc….ensuring  its vibe will contuinue to grow…. 

West End isnt the place you remember 10 years ago and yes its had a boom but still has legs in the mid term. I lived and bought here in the last 10 years and also develop in the surrounding suburbs.

Hope that gives you some on the ground feedback

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 18, 2011 - 8:34 am

 You meantion DCP (demolition control precint) which means you will have to get approvals from council to remove.

Not sure where its located but  there are criteria to get homes removed….

Have you got this sorted???

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 18, 2011 - 6:43 am

Thanks Christiand… initial survey /hydraulics reports have come back indicating we would have to build a basement slab up to 2.7 metres off the ground before any relaxations…. Seems council is a bit over the top to me on this but I’m only a simpleton that likes to push the envelope occasionally…….lol

Comes down to if we budgeted right in our feasibility (budgeted 150k for earthworks depend on what was required )……     Waiting for a more actually number from our builders….   

Architect has also done initial sketches based on these reports and is very optimistic get ting 8 street frontage apartments on it…. 6 x 3 bed and 2 x 2 bed  with a bit of GFA left over possibly  enough for a studio apt……   without pushing the envelope …..

Problem is most of the above  professionals always want to play it safe ……..  no risk and safe is the new way……lol …. supose they just dont get taught to negotiate 
Any way asked the  brains trust team to see if they could come  up with other options …… Any ideas from your experiences???

Let us never negotiate out of fear. But let us never fear to negotiate….. John F. Kennedy (1917 – 1963)

If you don’t ask you won’t receive .. is my words of wisdom….lol

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 14, 2011 - 11:45 pm

Well said Anthony………….

It seems that when you do something successfully that has scared you, you benefit from that for the rest of your life. Surely sometimes it's worth the risk?

Of course, sometimes the risk lies in refusing to do something.

The trick lies in knowing when you are acting out of fear.

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 14, 2011 - 9:49 am

lol…………First time i actually laughed in these forums

One Team one Dream

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 14, 2011 - 9:11 am

lol…….... seconded………

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 14, 2011 - 9:03 am

Just had a similar experience obtaining new insurance for our  last 2  houses, both dual living.

After a few calls got feed-up and rang a insurance broker Ive used. He got it done in less then a few hours with CGU off memory.

Insurance companies are going a bit quirky I think at the moment trying to balance there risk portfolios …… must be the natural disasters…… ouchhhh!!!!

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 13, 2011 - 10:38 am

Well done Jamie……that will boost some business..

Troy Harris ( Rookie Developer) is in there as well …..

http://www.rookiedeveloper.com.au/

Have to buy my autographed copy.

Good luck to you both….

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 12, 2011 - 6:38 am

angelinsydney wrote:

Hi all, I'm not an economist but I look around me, speak to many people struggling with cost of living, etc and I reckon there is no justification for the high interest rate. It has to come down a tad. Intellectuals, over to you… Angel

So Angel, you gained any clarity with all that info………lol

Im still with you they need to come down a tad…..a tad more confidence is needed for the average punter out there I agree

http://www.meriton.com.au/default.asp?action=article&ID=184864

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 8, 2011 - 10:51 pm

Angel,

 I'm a  simpleton too and cant disagree

I posted on it in Feb.

Link below

https://www.propertyinvesting.com/forums/community/opinionated/4335650?

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 5, 2011 - 1:26 am

Quote
“In my generation, I don’t know of any one that created wealth by paying rent.”
Anonymous (Age 65)

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 3, 2011 - 6:36 am

beedie wrote:

Wofle,
Like you have construction commenced  on one site this week , sold one site  last fortnight and looking at buying two more…….
Bit hard to find a good development site in inner city Brisbane at the moment which is either not overpriced or a secondary site.
Anyone know of a good one let me know……..lol
Cheers my friend

Mmm….. reviewing my post from Feb… now April………. signed up for 2 properties last week, commenced construction on the other…. seems like I achieved my 2011 goals earlier in the year than i thought ……  hmmm.  ……..mmm… Maybe I didn't sent them high enough…

Anyway, for anyone reading this . take it as a jolt to review what your goals are/were for this year . the year is but young my friends.

"You may not accomplish every goal you set — no one does — but what really matters is having goals and going after them wholeheartedly."

|

quote by-Les Brown

[beedieParticipant@beedieJoin Date: 2007Post Count: 158]

April 3, 2011 - 6:17 am

John Sportelli …. one of  the legends with development sites , has a good data base

http://www.remaxintegrity.com.au/listings?rd=1&a=3788&type=1

Id like to know the details, send me a email if you wish.
Cheers
Michael