Hi Monacc,Thanks so much!! My head will be so big I won't be able to fit out the door!Look, I'll PM you tomorrow.No else can have my guys details as they are too snowed under for now!! I'll let everyone know when they tell me they are quiet! D

No worries Catalyst….gave me a couple minutes of thinking though……might have to start being MORE giving! D

Oh Geez Catalyst….I'm talking giving big money to charities or creating charities.I give all the time, as should everyone who does have a few bucks spare no matter if they are property investors or living at home with mum and dad. I'm saying if you look at the people who have made 'big money' (eg Steve McKnights 2nd book) they have had some sort…[Read more]

The customer is always right.It is peoples perception that will rule how much they pay. If they perceive that they are living in an exclusive suburb then that is how it is. Doesn't matter that there are still office of housing people dotted in every area and they live in suburbs that are not really any nicer than the next one along. The buyer will…[Read more]

Hi PJ,I have found there is a bit of a domino effect. But you will still get die hards who will not live in suburb 'y' just because.Check the actual school zone. Just because a house is across the road doesn't mean it is in the zone. Some schools have particular zones and if you do not live in the zone you cannot get in no matter what. People will…[Read more]

Hi Fword,The vendor would get the rent, the vendor is responsible for landlords insurance. The vendor must still present the property to you in the same condition as you bought it. You would do an inspection the week before settlement to check.Why did the vendor suggest to you to do it? If the vendor wishes to rent the premises they should be…[Read more]

Hi Marie,Some times it isn't about the money at all. There is one for sale near me which has been on the market for at least 4 mths which is unheard of in this area. The property is owned by two brothers who cannot agree on selling the property. The property has no doors or windows and is gutted but has brand new steel reinforcing under the house…[Read more]

I don't know that 'd ever take a $250k price drop even if I was desperate (maybe in USA!)D

They publish actual sales data.I don't think I've ever looked at a report and thought 'wow that figure is wrong!'It's pretty easy to check as well as you can call the agent and say 'did this property sell for this?' yes or no answer.It is not regulation for the actual advertised price you are asking for, but the regulation of prices that have…[Read more]

True APerry,I have had a good run so far with chatting to the council, the good thing has been when the strategic plan on their website said one thing and the council person was able to tell me the latest update to it which means the current deal we are doing is very profitable, rather than ho hum.You get duds in everything, when they treat you…[Read more]

Hi N,Give em a call! I love ringing the council, they give you all sorts of info, they can also dumb down some of the restrictions or reasons behind why certain developments will not work which is great when you are starting out.Depending what state you are in there will be certain councils who are up for it and some who are not.The planning…[Read more]

The 20% correction is what a few people have been waiting for. More stock will stay on the market due to vendors not revising the price early in marketing, more stock will come onto the market, more discounting by vendors as they chase the market downwards. Then prices will be down by 20%. I like a discount.I also like some nice parts of Northern…[Read more]

LOL Jamie, don't let that 'no uni' cat out of the bag!Clappy, the best thing you have done so far is to join this forum and start getting educated. Knowledge is power and while you may not be able to put ideas into practice for a little while those ideas will stick with you. Do you have time? If you have time on your hands maybe you can do…[Read more]

Yeah these points are all valid.It just seemed to be another 'hey huge reform coming' then oh no wait we don't want to really reform anything, those banks run our country kind of thinking.I was more concerned about the gobbledy gook disclosure clauses which basically meant nothing.I did see Aussie John on TT  and Troy as well and they were both…[Read more]

Umm jacar11457,Danger!!! DING, DING, DING!The alarm bells don't seem to be ringing for you, maybe you have known your friend very intimately for the last 20 years and you have done this before with them? No?I have never heard of putting TBA on a rental agreement. Not for tax or any other purpose. Be very, very cautious with proceeding with this as…[Read more]

Hi,Sounds like a disaster waiting to happen.If you went to a real estate agent and you didn't know them, would you do this? If you need any documents for your own purposes say for getting finance or a mobile phone (or anything) and they want proof of your adress, what will you say "oh it's TBA". Sounds like you are going to go for a really big…[Read more]

What does the agent say, where is the agent, why are you getting all these items on your shoulders? I would be asking way more questions of the agent and asking them what they are doing, what they think needs to be done, what should be don and what can wait.The agent should do a walk through with them and field questions and issues, take notes and…[Read more]

Aww I missed it!! I meant to record it too! I'll go watch it now!Good on you Troy! You can also follow Rookie Developer on Facebook (yes it is acceptable to use Facebook! )D

By the way,BA – building approvalDA – development approvalThere are two different permits you need to get in order to start building, they may have one, you might need to apply for the other. D

Go afghangirl, you are enthusiastic!Here is the Ron Forlee book again (!) residential development guide, the API small development guide. Have a squiz at Rookie Developers website as well.Now 4 TH's on the site means you need to have your finance sorted now, rather than leaving it to chance. So if you do get this site when do you plan on building?…[Read more]