PropertyInvesting.com | GiumelliGroup | Activity https://www.propertyinvesting.com/members/giumelligroup/activity/ Activity feed for GiumelliGroup. Wed, 15 Apr 2026 11:29:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c0498d0eda32ee24ba431556b6bf06db GiumelliGroup replied to the topic DISCOUNT PURCHASING... HOW LOW DO YOU GO? in the forum General Property https://www.propertyinvesting.com/topic/4409670-discount-purchasing-how-low-do-you-go/#post-4693076 Mon, 08 Jul 2013 10:33:31 +0000 Depending on what state you are in the average discount we find successful is between 7% – 10% of the asking price.

]]> b286b3336efdc4923d564fba0923de77 GiumelliGroup replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/24/#post-4652459 Fri, 21 Jun 2013 06:36:45 +0000 Trickeymickey,

Thank you for the opportunity to reply.

Emerald, Port headland & Moranbah have been going for quite some time in various guises as we have previously sold in each area some time ago now, however these areas seem to be typically reliant on either coal or iron ore or both which have copped a hiding in recent times due to the high…[Read more]

]]> 8ec26f1f70e877d385275dcbdb606e9d GiumelliGroup replied to the topic oasis estate kirkwood gladstone in the forum General Property https://www.propertyinvesting.com/topic/4409506-oasis-estate-kirkwood-gladstone/#post-4692063 Wed, 19 Jun 2013 09:10:00 +0000 Daniel,

There are many estates in town that are FAR better options than Oasis & Stockwood estates for a similar price. Every man and is dog is trying to flog this stuff at the moment with every conceivable out of area builder trying to promote it also, don't get hung up on the cheap price there is a reason it is cheaper than everything else in…[Read more]

]]> e3678140f0a952a30ac4dacacb0c183c GiumelliGroup replied to the topic Lot reconfigurations and sub divisions, Toowoomba in the forum Value Adding https://www.propertyinvesting.com/topic/4409493-lot-reconfigurations-and-sub-divisions-toowoomba/#post-4691956 Wed, 19 Jun 2013 09:03:25 +0000 Matt39, Yes they can be but it always remains buying the right block for the right price is where you will benefit as you always make your money on the purchase not the sale.

Some other things to consider as I have personally come into:
*Arborist 2k – 5k
*Tree removal 3k – 5k
*Excavation & dumping 4k – 10k
*Neighbours – arent they a chore :) 2k
*Cou…[Read more]

]]> a4b475209c532492fa54315d05f46d13 GiumelliGroup replied to the topic Developing 101 in the forum Value Adding https://www.propertyinvesting.com/topic/4409565-developing-101/#post-4692387 Wed, 19 Jun 2013 08:48:49 +0000 Some great comments above.

As previously stated a lot of would be developers understate the timeframes considerably and overprice their end products thus bleed money. One very simple rule to run by is the 80/20 rule meaning take 80% profit and leave 20% in it for someone else something i live by. I personally will not touch a development that…[Read more]

]]> 26246f82af08b0bedd7a26b8259de3c5 GiumelliGroup replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/24/#post-4652455 Wed, 19 Jun 2013 08:32:30 +0000 trickeymickey, The Surat Basin hasn't peaked yet it still has a long way to go as prices are still very affordable, however if the council doesn't pull their finger out and mean soon then its only going to be a completely different story over the coming years as they are well short of housing lots due to the flood affected areas of town.

Our…[Read more]

]]> 30081a29574a7a2c4f0c87ddb3c1ac23 GiumelliGroup replied to the topic Gladstone - Drafty/Builders in the forum Help Needed! https://www.propertyinvesting.com/topic/4409570-gladstone-draftybuilders/#post-4692424 Wed, 19 Jun 2013 08:21:30 +0000 If you want to PM me i can give you a list of builders whom to deal with, im sure one of them can recommend a good draftsman.

]]> ed53ad6cf9b5a5ffd80d9ad7cdd88f36 GiumelliGroup replied to the topic Surat Basin - which town to invest in? in the forum Creative Investing https://www.propertyinvesting.com/topic/4403525-surat-basin-which-town-to-invest-in/#post-4647058 Sat, 18 May 2013 01:36:33 +0000 Chinchilla remains as an unbelievable investment at this time. Prices have gone up somewhat and will continue to do so in the future, you have to be extremely careful which estates to buy into and putting the right product on it as the wrong product will greatly hinder your future resale options. Don't be fooled by the smaller 450m2-580m2 cheaper…[Read more]

]]> bdba6dccaf36351813b77c6dcdb9a180 GiumelliGroup replied to the topic mark rolton - options course in the forum Creative Investing https://www.propertyinvesting.com/topic/4409267-mark-rolton-options-course/#post-4690276 Sat, 18 May 2013 01:14:51 +0000 Well said!

]]> e847bfb25de5636b2726de28439943f0 GiumelliGroup replied to the topic Estimated annual growth in the forum Value Adding https://www.propertyinvesting.com/topic/4408857-estimated-annual-growth/#post-4687477 Sat, 18 May 2013 01:12:57 +0000 We typically work off an average of 5% per annum, however as Jacqui stated it all depends on what you buy and where. Remember you make your biggest gains on the purchase not the sale.

]]> e4dd52c02edc6bebb9a23fe522caa8e3 GiumelliGroup replied to the topic Subdividing existing 1930s dwellings in the forum Value Adding https://www.propertyinvesting.com/topic/4409173-subdividing-existing-1930s-dwellings/#post-4689732 Sat, 18 May 2013 01:08:42 +0000 I am personally doing this right now in QLD which is a very simple process up here. Which state are you in?

]]> 36dbaa856d473f5a8ae089d6e7ab172e GiumelliGroup replied to the topic Buyers Agent/Advocates - useful, or waste of money? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409359-buyers-agentadvocates-useful-or-waste-of-money/#post-4690779 Sat, 18 May 2013 01:05:32 +0000 A good buyers agent is worth their weight in gold if used correctly.

]]> 9e4bbd952862a9f587db16f9fa550a17 GiumelliGroup replied to the topic Toowoomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4408580-toowoomba-4/#post-4685227 Wed, 06 Mar 2013 08:01:34 +0000 Toowoomba is a great place to invest into for two reasons 1. its in Brisbane and 2. its location to the Surat Basin and what is going on throughout that region. We have had clients achieve fantastic returns in both Toowoomba and the Surat basin for a number of years now and it is still priced very well even after there has been growth already.

]]> 5702fe65fc550a1cad6656141c886477 GiumelliGroup replied to the topic QLD Property Management/Letting Fees in the forum Help Needed! https://www.propertyinvesting.com/topic/4403769-qld-property-managementletting-fees/#post-4648748 Tue, 30 Aug 2011 09:31:32 +0000 Renoah04 wrote:
Can someone with an IP in QLD let us know what are fair current Property Management/Letting Fees? Being new to investing in this region we do not want to get ripped off. Happy to pay fair value for a good service of course but they are so much higher than down here in VIC. Thank you!

Hi Renoah04,The prices vary greatly…[Read more]

]]> 7e9d97ed48156082986a53fad6c58528 GiumelliGroup replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/40/#post-4549219 Fri, 19 Aug 2011 08:36:22 +0000 A very good statement sent to me today about what is going on around the world!"The only person who can assure you of health, wealth and happiness is – yourself! Altitude is determined by attitude. If you choose to listen to, take on and acknowledge all the negative stories and events that are thrown at you every day, then what will your waking…[Read more]

]]> dd9a4a602c1ce673dd1344a4d0174267 GiumelliGroup replied to the topic finding a builder to do a developments in the forum Help Needed! https://www.propertyinvesting.com/topic/4404404-finding-a-builder-to-do-a-developments/#post-4653515 Tue, 16 Aug 2011 09:53:07 +0000 Global Group345 Ann St Brisbane07 3236 9750 speak to Barry JakemanThey do project management, construction management & build, they can also look at new intuitive ways that you can save a lot of money on your development.

]]> 4505dcc0497520d33c565936bde65176 GiumelliGroup replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/2/#post-4652016 Mon, 01 Aug 2011 08:19:03 +0000 Shoooshoo,The talk of dodgy builders in Chinchilla has been raised by one group in particular (i will not name names) only to make them look better in certain estates throughout the town. We are in contact and deal with 90% of the builders locally and they are all good people, this rubbish about them being dodgy is utter nonsense as they all have…[Read more]

]]> 7b632c047bbe0b820c619563a38e40b9 GiumelliGroup replied to the topic The 5 minute deal cruncher in the forum Value Adding https://www.propertyinvesting.com/topic/4403620-the-5-minute-deal-cruncher/#post-4647657 Wed, 18 May 2011 11:46:08 +0000 It can be quickly if you know your figures back the front. From building prices, project managers fees, council lodgement fees, time it will take to go through council, pre sales period, land tax, rates, building time frames, finance fees, broker fees, interest over the period, gross sales etc etc etc. The only stumbling block will be council…[Read more]

]]> 656bac467ca87166f5cc1575e0a15a6a GiumelliGroup replied to the topic Is there light at the end of the tunnel ?!? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403657-is-there-light-at-the-end-of-the-tunnel/#post-4647898 Tue, 17 May 2011 23:39:23 +0000 Hi Matt, please see below for responses.Trent – Thanks mate ill try to stay positive! Do you mean move far away from CBA will all my finances? I have multiple business accounts/SMSF term deposits, Loans (personal and mortgage) Credit cards ect all with CBA! Should i cut all dealings with them? I DID AND IT WAS THE BEST THING I EVER DID, HOWEVER I…[Read more]

]]> 6a3f0a2fd9d41e9c46c008e8fb9916db GiumelliGroup replied to the topic Is there light at the end of the tunnel ?!? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403657-is-there-light-at-the-end-of-the-tunnel/#post-4647892 Tue, 17 May 2011 07:33:58 +0000 Hi Matthew,Welcome to the forum and chin up! You have achieved a lot for your age and should be very proud of yourself…Richard & Dan42 have provided some great information but the thing i would like to add is move as far away from CBA as soon as possible!! I used to work there in their mortgage department and they are all about tying peoples…[Read more]

]]> 1aa7a7e36d3b259197fa2a5ec23985d3 GiumelliGroup replied to the topic ROLLING THE DICE - advice needed please. in the forum Help Needed! https://www.propertyinvesting.com/topic/4403627-rolling-the-dice-advice-needed-please/#post-4647691 Mon, 16 May 2011 05:54:52 +0000 Hi Parraboy,Good to see your a blue and yellow supporter that's always a good start.You have to have a clear and defined strategy going forward for the next 10 years of what you would like to achieve from your portfolio. For me personally i will not buy anything that does not see a minimum of 10%pa in capital growth and a rental yield of 7% + in…[Read more]

]]> b827e1437fa466b22ee21170e5a9878b GiumelliGroup replied to the topic Self Managed Super Fund and Investment Properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4403586-self-managed-super-fund-and-investment-properties/#post-4647376 Wed, 11 May 2011 09:58:26 +0000 Qlds007 wrote:
Sorry Trent that is clearly untrueFirstly you can only purchase a completed house not house/land where by the super fund buys the land and builds I have done many of these in my SMSF.Funding the deal maybe a different matter but again that can be acheived albeit a bit around the houses.You can purchase vacant land, construct,…[Read more]

]]> 6f950b2dafc1a72d0d3dbb4d3612ec3f GiumelliGroup replied to the topic Self Managed Super Fund and Investment Properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4403586-self-managed-super-fund-and-investment-properties/#post-4647373 Tue, 10 May 2011 04:38:35 +0000 Its a great way to purchase but as always it has some good & bad points.Firstly you can only purchase a completed house not house/land where by the super fund buys the land and builds the house the banks wont do it. As previously stated accountant NEEDS to know what they are doing and make sure they explain all the good & bad points before you…[Read more]

]]> 42e894f6c066df7dd5b1a4f16a79b572 GiumelliGroup replied to the topic Surat Basin - which town to invest in? in the forum Creative Investing https://www.propertyinvesting.com/topic/4403525-surat-basin-which-town-to-invest-in/#post-4647046 Tue, 10 May 2011 04:24:02 +0000 Matt, you can pretty much bank on around $1400 – $1500 per square meter but it really comes down to your inclusions! Our homes are built for around the 270k mark which include Chef, Westinghouse & sometimes Miele appliances which is a big difference to the Chinese crap available as we usually build 5 at a time.i.e. worst case $1500 x 200m2 =…[Read more]

]]> 1ad638e301abb2c140f9a74c7a57de2e GiumelliGroup replied to the topic Surat Basin - which town to invest in? in the forum Creative Investing https://www.propertyinvesting.com/topic/4403525-surat-basin-which-town-to-invest-in/#post-4647043 Mon, 09 May 2011 07:02:54 +0000 If you need any further information with regards of where to and not too purchase in Chinchilla we're more than happy to help!

]]> 03589b6fddc03132fcd9437f1da55bc9 GiumelliGroup replied to the topic House and land packages Gladstone in the forum Help Needed! https://www.propertyinvesting.com/topic/4403574-house-and-land-packages-gladstone/#post-4647338 Mon, 09 May 2011 06:57:56 +0000 Hi Natasha,We have quite a few clients coming in from WA as they are very like minded to us QLD'ers although i'm a ring in from south of the boarder. Gladstone is a great region to buy in and yes you do have to be wary of what you buy but what you probably dont know is there is 5 main builders in the area with 2billion real estate/marketing…[Read more]

]]> 47e88f59ff1f379acb2642c6b29027fa GiumelliGroup replied to the topic RICH DAD, POOR DAD! in the forum General Property https://www.propertyinvesting.com/topic/4403479-rich-dad-poor-dad-2/#post-4646782 Fri, 06 May 2011 05:00:23 +0000 Was one of the first investment books i read and changed my life. Great starting point!

]]> 07eda461a7ed4759e417f16df6680c11 GiumelliGroup replied to the topic Mining Towns in the forum People truly don't realise https://www.propertyinvesting.com/topic/4401933-mining-towns-6/page/2/#post-4636529 Fri, 06 May 2011 02:01:56 +0000 People truly don't realise the wealth throughout the Surat & Bowen Basins. Our clients whom have purchased in Chinchilla have seen 50k in capital growth over the past 6 – 12 months. Roma clients have seen solid capital growth also but the rents have remained very high even through the tougher times. Now is the time to buy as it is going to go…[Read more]

]]> be84f6868b73b3441fb2c4fea2da4451 GiumelliGroup replied to the topic Surat Basin - which town to invest in? in the forum Creative Investing https://www.propertyinvesting.com/topic/4403525-surat-basin-which-town-to-invest-in/#post-4647040 Tue, 03 May 2011 07:48:03 +0000 Hi there,The best place to invest really comes down to what you want out of the investment personally. See below- Dalby – would be careful here right now due to flooding and over supply. On the plus side it is a great town with a lot of backing, only an 1.5hrs from Toowoomba & 3hrs from Brisbane and is the gateway to the Surat Basin. – Chinchilla…[Read more]

]]> ffc20757a320b929d1394faed2f05af3 GiumelliGroup replied to the topic List of financiers to be very wary of. in the forum Opinionated! https://www.propertyinvesting.com/topic/4402006-list-of-financiers-to-be-very-wary-of/#post-4636999 Sun, 17 Apr 2011 22:48:04 +0000 gronk007 wrote:

AIF QLD wrote:
Hi all,As we are all a community hear, I thought i would share some of our experiences we have recently had with a couple of finance groups that you should all be very wary of and make a list of it to keep everyone informed.Firstly a group going by the name of Columbus Capital, our group has had all sorts of…[Read more]

]]> 947e974e05d5092442313dde77e9fd5f GiumelliGroup replied to the topic watch out !! 465-481 Wentworth Ave TOONGABBIE in the forum General Property https://www.propertyinvesting.com/topic/4401714-watch-out-465-481-wentworth-ave-toongabbie/#post-4635221 Sun, 17 Apr 2011 22:44:14 +0000 I cannot believe this tool is still in operation. We had issues with him many years ago whereby the state & federal police were involved, along with the all the mainstream lenders had stopped lending to them. BE VERY WARY OF BHART & his groups they are not very nice people.

]]> 10bb7799c829eb9dd83c481dfabad398 GiumelliGroup replied to the topic Joint Ventures/Money Partners - Advice in the forum Finance https://www.propertyinvesting.com/topic/4403287-joint-venturesmoney-partners-advice/#post-4645450 Wed, 13 Apr 2011 07:51:05 +0000 Mark,Word of mouth is the best way to get people involved. Why dont you go back to your other investors and see if they have friends/family whom want to do something like what you are saying. From my experience it all comes down to the return $$$.

]]> f6bdb9d804bcce10f09a28ce1fe78903 GiumelliGroup replied to the topic Loan for house and land package within a Super Fund in the forum Finance https://www.propertyinvesting.com/topic/4398294-loan-for-house-and-land-package-within-a-super-fund/#post-4614333 Wed, 13 Apr 2011 07:47:59 +0000 Guys,The only way this can be done is if the developer/builder issue a COS on the completed property or combined house land package full purchase amount all on one contract so the construction element is taken away from the scenario. The developer/builder will then have to construct the property off their own backs so meet the bank regulations.We…[Read more]

]]> a055dfda1e84ed6c439ea854e107c55f GiumelliGroup replied to the topic No Job and $200 000 Cash... in the forum DougieQLD, We have a few https://www.propertyinvesting.com/topic/4403309-no-job-and-200-000-cash/#post-4645610 Wed, 13 Apr 2011 07:02:20 +0000 DougieQLD,We have a few options that might interest you and it doesn't require you to have a job. Excellent returns of up to 5% per month and no this isnt a joke – money makes money.If your interested to know more feel free to contact me on the below details.Regards, Trent

]]> ada7681fd66ff7b614d3af3c118f4284 GiumelliGroup replied to the topic List of financiers to be very wary of. in the forum Opinionated! https://www.propertyinvesting.com/topic/4402006-list-of-financiers-to-be-very-wary-of/#post-4636996 Mon, 04 Apr 2011 07:58:32 +0000 Whom were you dealing with at STA? Was its Gary aka Gurkan Secersi?

]]> ae4b861fe1468c6f4712c4b00198482a GiumelliGroup replied to the topic New Investor - Glastone in the forum General Property https://www.propertyinvesting.com/topic/4403197-new-investor-glastone/#post-4644543 Mon, 04 Apr 2011 07:54:39 +0000 Pommy Ian,There is limited stock available in Gladdy, when it comes on it is snapped up very quickly as there are quite a few people whom are similarly minded as you. We have some stock up there available now ranging from 300k – 600k. How much did you want to spend?Feel free to give me a call or drop me an email for further info.

]]> f1cdb1b8cbe806dd12548f4369302733 GiumelliGroup replied to the topic Custodian Wealthbuilders in the forum Help Needed! https://www.propertyinvesting.com/topic/4403265-custodian-wealthbuilders/#post-4645309 Mon, 04 Apr 2011 07:31:04 +0000 All of the above is pretty standard stuff really… We advise clients of the same thing, don't charge for it however a point of difference for us is following the mining booms throughout the Surat & Bowen basins. John has made his fortune through property i am led to believe and does it extremely well, not much can go wrong with this advice if you…[Read more]

]]> 03b70cb4cd36def836852cd1b5ff6499 GiumelliGroup replied to the topic List of financiers to be very wary of. in the forum Opinionated! https://www.propertyinvesting.com/topic/4402006-list-of-financiers-to-be-very-wary-of/#post-4636994 Wed, 23 Feb 2011 00:14:01 +0000 All checked out from both the referring party whom we have had dealings with for many years and the new companies references whom were personally known to our group through other dealings.

]]> dda443e4a345b72577ea5d2f4e2f29a0 GiumelliGroup replied to the topic Finding a builder of units / unit block in the forum Help Needed! https://www.propertyinvesting.com/topic/4402695-finding-a-builder-of-units-unit-block/#post-4641238 Thu, 10 Feb 2011 05:40:03 +0000 There are builders around whom will do that, I have two groups you can speak too listed below:Ken Cornwall 0411 136 599 is a good friend of mine & based on the Sunny Coast whom builds this style of buildingGlobal Group – Barry Jakeman 07 3236 9000 based in Brisbane are larger more commercial builders but they will do the smaller stuff if required.

]]> dcdbe2a0645af9b4a230f3b1cebfa7bd GiumelliGroup replied to the topic Finance for a block of 4 units in the 1 title in the forum Finance https://www.propertyinvesting.com/topic/4402625-finance-for-a-block-of-4-units-in-the-1-title/#post-4640742 Thu, 10 Feb 2011 05:36:41 +0000 CBA or Adelaide bank will do this type of security!

]]> dd6ed115dd1f75b23f01d87de07b6312 GiumelliGroup replied to the topic Help Sourcing Private Investors in the forum Finance https://www.propertyinvesting.com/topic/4402619-help-sourcing-private-investors/#post-4640711 Thu, 10 Feb 2011 05:30:41 +0000 Why don't you do a JV with the current owner that way you save on stamps? You pay the costs to hold & reno costs and spilt the end result via a percentage. For me I believe 10% – 15% to be a low return on investment when others are offering 25%+.Good luck

]]> 6ba6527344e47ce400ed88767e0f063a GiumelliGroup replied to the topic Do you use FirstMac bank? in the forum Finance https://www.propertyinvesting.com/topic/4402708-do-you-use-firstmac-bank/#post-4641287 Thu, 10 Feb 2011 05:24:01 +0000 Cap B wrote:
They mortgage insure all loans. Have high set up fees. Have high exit fees. The rates are not as stable as the banks. They pay high commission. Not sure who what works for. Actually I am sure. The Broker!

<moderator: delete language>. Firstmac have been very competitive in the marketplace for a very very long time. They are QLD…[Read more]

]]> 1a5d92d0a2f0f8c28f12ae4fd18d1f5f GiumelliGroup replied to the topic List of financiers to be very wary of. in the forum Opinionated! https://www.propertyinvesting.com/topic/4402006-list-of-financiers-to-be-very-wary-of/#post-4636991 Thu, 10 Feb 2011 05:13:03 +0000 Couple more for you guys.These guys are predominately associated with commercial finance front however i'm sure they would do smaller loans as well.Recently we have had the delight of dealing with a company called Finance Solutions Australia (FSA) through a recommendation. Scott Wyllie is the main front for this organisation whom i am confident he…[Read more]

]]> 07a00dfcdeb73ea49b50be0b3a59e523 GiumelliGroup replied to the topic For those interested in Mackay in the forum General Property https://www.propertyinvesting.com/topic/4401946-for-those-interested-in-mackay/#post-4636633 Wed, 24 Nov 2010 08:24:10 +0000 Matt,Give me a call tomorrow i know of a cracker of a site up there right now for sale and would love to employ the services of a chap like this.Cheers

]]> 643c392481c43e2e916bd28d2cf254cb GiumelliGroup replied to the topic Negotiating with Developer on Unit Price? in the forum Value Adding https://www.propertyinvesting.com/topic/4401688-negotiating-with-developer-on-unit-price/#post-4635094 Fri, 05 Nov 2010 06:15:03 +0000 Good find. I have used BMT on numerous occasions before they are usually spot on!

]]> f1afe575ae56ba68f61dd5b406ac0840 GiumelliGroup replied to the topic average development profits?? in the forum Value Adding https://www.propertyinvesting.com/topic/4401669-average-development-profits/#post-4634978 Fri, 05 Nov 2010 06:11:55 +0000 In this market with the amount of good deals around, if your not achieving around 30% NP its not worth it. To work off 20% or less is really disaster in the making. Things always come up and your margins will always move so you need to have a good amount of buffer in it!Buy right, develop the right product and you will reap the rewards..

]]> d5c1d1d91300c41ac0fbe3c1a97049d8 GiumelliGroup replied to the topic Negotiating with Developer on Unit Price? in the forum Value Adding https://www.propertyinvesting.com/topic/4401688-negotiating-with-developer-on-unit-price/#post-4635091 Thu, 28 Oct 2010 04:06:10 +0000 Mate tread carefully, property developers are not stupid. Everything is priced on a square meter rate and you need to make sure you are paying the right money for the project and that you can make a minimum of 20% on the back end once all sold off. Too many times have we seen people go in and purchase a project way over the real price and do there…[Read more]

]]> 8e4c3ece60abe80fd9db51933d0f6422 GiumelliGroup replied to the topic Thailand Real Estate in the forum Find a Thai resident and set https://www.propertyinvesting.com/topic/4401636-thailand-real-estate/#post-4634824 Mon, 25 Oct 2010 08:52:45 +0000 Find a Thai resident and set up a company to purchase in with them. Effectively if you purchase as an investor/non resident you can only purchase crown land i.e. you will only own 49% of the property as the King will control the difference and will be given back after 99 years, aka like a crown lease.

]]> cd7737196195db4795a03fe1427ac8c4 GiumelliGroup replied to the topic What's the deal with RPData? in the forum General Property https://www.propertyinvesting.com/topic/4401600-whats-the-deal-with-rpdata/#post-4634536 Mon, 25 Oct 2010 08:42:40 +0000 Ummm RP Data is shit… PDS live is so much better, easier to use and updated regularly…

]]> 3cc53fd81b6cc9c6592533491c62e4ce GiumelliGroup replied to the topic Building 44 Units in the forum Commercial Property https://www.propertyinvesting.com/topic/4401476-building-44-units/#post-4633890 Mon, 25 Oct 2010 08:35:48 +0000 Investorarm, What is the status of your project? Do you have CC? Have you marketed to start selling off the plan? Is it viable to be building right now? When does the DA run out?We have access to funds whom will allow you to borrow the building costs with no presales but you will need the following:Good exit strategyGood builder GMP in placeGood…[Read more]

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