I think it depends on the profit and time/cash in/risk that it will take to make the profit. For instance if you were going to make $50k by just selling the land, and it will take 3 months to complete the deal or you were going to make $100k and it would take 12 mths to finish it, then what would you choose?Everyone is different, what is a huge…[Read more]
That's ok Nigel, you can resent my comments, I'll allow it . I'm just making a call on what I see written on the forum. Richard Taylor has had excellent advice in the past, but I have noticed that he has written quite a few 'references' for u to people on the forum. You have offered to chat to quite a lot of the newcomers.Maybe you are feeling…[Read more]
Hi Hursyhurs,Welcome to the forum. There is stacks of info on here regarding development, townhouses, subdivision, how to finance these sort of deals etc, etc. Just use the search function up the top and have a read through. If you have never done anything like this before have a chat to a couple of architects/draftpersons in your state to see…[Read more]
Hi all,I got that 3 month API offer and I found Pricefinder to be pretty good. Naturally it is only as good as the info that is supplied to them. You still have huge gaps due to prices being undisclosed. Other than that pretty easy to use. CheersD
James, I'm pretty sure I just drooled. I drove (past tense sadly) a HZ and a HX. I could never afford to restore them! Ahh I was right about the inspiration!CheersD
This is great! Thanks everyone, there are some very inspiring people on this forum! I guess this is really how property investing can free up time to do really anything you want, as well as providing the cash to do it!D
Lol, 6 mths, I wish!2 years on the one project with our VCAT hearing this Friday. I love developing! Everyone loves councils! I think the red tape is really holding back a lot of development. I'd love to know what councils people are having speedy success with.Michael, how is the Hunter going in general with developments and subdivisions? There…[Read more]
Sadly, I didn't get to come back for day 2 and 3 I think the lack of responses says something. People seem to rarely talk about things that are good, or exciting or that they got something out of. But if it was bad, there would be a bunch of people bagging it out. It's great to see what other people got out of it, if you got something out of it…[Read more]
Hi, Everyone,There is some great info here already! I'd say work on both a $ return as well as % return, as well as looking at how much your time is worth to you. I personally wouldn't consider a profit of less than 25% worth my time, but…….. if that was $25,000 and it took 2 years then no. The more risk there is in a deal, there should also…[Read more]
Hi all,1 day down already! I thought I'd do a quick share for people who weren't able to go yesterday, hopefully some people do some sharing from today, coz I can't go!I'd like to also say hi to all the people from here I met yesterday So far I'm going to give a huge tick to this years conference. The last conference I went to was 2010 and so far…[Read more]
Hi All,Wadeansom,I'd feel much better if all my tenants were living in 4 bedroom, 2 bathroom homes with ducted heating. But I wont be building extensions on, since they rented the houses knowing full well what was there. Funny how some people can be happy with a 3 bedroom home, with only one bathroom. Probably the same as how some people can be…[Read more]
Hi gavsam,Keep checking the council website, they should have all the current planning scheme, amendments, and anything else that is currently in the works on the website. You've gotta watch the mail-outs, it's supposed to be everyone in the area, but it's not everyone in the suburb. You can also read through past council meeting minutes where you…[Read more]