[grossrealisationMember@grossrealisationJoin Date: 2005Post Count: 1,031]

August 5, 2005 - 12:53 pm

hi Property Passion
why take the architect out of the equation he’s not charging you to put it in and the council will want to talk to him any way.
As for finding the planner you can’t as its allocated with in council they wouldn’t have a clue.
hay I can’t get the planner I want so what chance do you have.
Its random.
I make it number 1 that I get to meet each and every new planner and try to go to council meetings to find out if new appointment have been made so when they get one of my applications they put a face to the name.
If this is your first time at this, don’t kick out the drawer he’s your best help and he should know the council,
If the planner says who should I talk to if any problems thats when you step into the breach and put your hand up but let the drawer know this from the start.
I like to make very clear lines to people, were I and what I run and they know were they stand from the start.

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August 5, 2005 - 12:37 pm

Hi giddo
I read with a dry smile your post about real estate agents, as I deal with them on a daily basis I don’t think I would be as blunt put I see you point.
They are a good source of information and they do stretch the elastic nature of truth.
They do not lie they just don’t tell you the whole truth, I have been told on a couple of occasions.
But in business there are a far lot worse then these people and at the end of the day they are there to sell a product.
I have a few sales people that I have trained in non related business that have not told the whole truth either.
You must always take information, evaluate and then go from there.
I don’t take my barristers opinion as gospel because it is exactly that an opinion, if I don’t think its right and I run with it.
If I fall on my face(and I do)he says I told you so.
Use all and any information.

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August 5, 2005 - 12:15 pm

hi Property Passion
were is it.
I usually take a unit development 6 month not a unit.
If in nsw they are required to tell you within 3 weeks and max 3 months.
first see what the drawer says(i told you I don’t degrade people).
Them put in the da
when they advertise they say who the planner is remember his name(very important and if its a funny greek or italian name write it down and go to a greek or italian shop and practice until you get his name right and they say its right) he’s your new friend and as a friend go down to the council introduce who you are give him land line, mobile, fax numbers, see if any issues and address there and then.
If you have to ring who ever do it there and then show him you are in charge, and if any issue you are there for him to ring you and only you.
If complaints same thing ask does he need you to attend when he meets the neighbours he will say no because he has to but stress to him you would like to clear any issues and how long will it take.
If he wants a round balcony and yours is square you’ve got round balconies, if you want it out quick.
This may seem extreme but I have dealt with lots of councils and they think there gods so if you want the god to give you your da or cc you have to play there game.
I have had to sit in a council for 7 hours after my alloted appointment which had been organised and confirmed 2 days earlier to make this point.
This week alone I have been to 4 appointments with plannerS that they have not turned up because they are sick and told nobody.
so as I say welcolme to the land of developing.
have fun I do

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August 5, 2005 - 1:24 am

hi scott
finding a good financial planners is a hard one hence I do my own.
you take most information crunch it and design were you want to be in 5 years and then set about getting the best vehicle to get you there.
One very important thing is listen, ask, questions from your advisers but don’t get yes men around you because this is your money that your playing with.
Get people who give you advice and know what they are talking about ask where they have done this before.

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August 5, 2005 - 1:08 am

hi paullb14368
there are couple of issues here !
You are not sure what you want.
So you need to go to the need help section have read of the last 2 days of posts read as much as possible.
I don’t want to sound degrading here put you are asking about wrapping.
Im not a great advicate for wrapping it is a means to an end but there are alot of ways to get to the same end and I don’t know you situation.
If having read most of the information posted and you still require wrapping post wrapper wanted.
as for surplus properties ? at what price.
You will see from my posts I am a developer and there are good properties everywhere it is just your threshold and what vehicle you are using to purchase.
good luck

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August 5, 2005 - 12:44 am

hi
as I say learn something new every day.
whats bird dogging and its uses

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August 5, 2005 - 12:34 am

hi mortgagehunter
I agree that spam is a problem.
And yes this is one of the best sites I’ve seen hence I come here everyday.
I do have a business to run as well.
I agree that these are problems but spams not generated by members of a gruop by becoming a member you have a trace to an email thats not the case with spam its a data base mail out,I am sure that the little guys with glasses working on computers(i’m not one for degrading people)should be able to work out a system to stop that.
A page that said grossrealisation has a opportunity are you interested 10 unit development sydney email me.
date it, if no answer after 4 weeks delete off server.
Thats the type of thing that would be of help.
spam can come in put it wouldn’t (A) know were this page was and only members would see it.( two tier marketers if they listed then the people that see the post would or should understand them (maybe,??? I do) and will then post so any one reading knows and understands,
(c) have just like the smiley face have ones for each type so they are then taged so when you look at a post you know somebody has read it and its one of these (mlm, pyramid,finance what ever)
(d) it is better( from my point of view) to explain what is a pyramid schemes and flag it rather then not explain at all.
As most of these systems do not work on educated, knowledgeable Mortgage Hunter ,Property Passion or grossrealisation of this world but are from bottom feeders working on the new investor starting out putting there first feet in the water.
They are the exact people that need this advice. and let them know this is what it is ? and who they are.
Let people know, who and what they are and you will find that the bottom feeding sharks of this world will swim to feed elseware, without feeding all these systems break down ( I go to alot of these free lunchs and free gifts, I buy nothing sign nothing run them out thru loss of cash flow and gain information about them along the way).
If you do go to any of these function go with no cards or drivers licence leave them in the car with your business cards, totally clean because if you walk in with any of them you will walk out clean at the end anyway.
but back to the post.
The best ammunition to win the battle in business is information without it you arn’t even at the start line.
I have posted this for debate And I like to debate.( I’m one of those guys at school who argues either side of the argument for or against if the things got merit argue for it).

I front all my presentations and like differing views this is mine, if you have an opposing one let me know.
As I posted to a need help post.
I’m not one for yes men.
I’m one for give me your view if you agree tell the world why.

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August 4, 2005 - 1:35 pm

Hi cojah
yes rp data does give you this informtion and yes the council will be able to give you the owners but it won’t do you much good because there address will most probably be that address anyway for tax and junk mail reasons, most of mine are.
So to find out is relativly easy put a price on the property $100,000.00 then offer this to the local real estate let him/she chase (there good at that) and you will have an answer with a couple of days (I have said before real estate can be a good friend as well as a bad)and because you have put the price you get it for what you think it worth ( make sure the figure is close to its real value or he/she will not run)

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August 4, 2005 - 1:21 pm

Hi syedh18022
first off whats the question.
you need to walk before you run.
ask one question at a time and then you will get the answer you want.but first read thru the different section at the front each in turn then ask the question.
no point in asking 5 question in a line or you will get no answers at all.

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August 4, 2005 - 1:14 pm

Hi voigtstr
Not sure if you read this but here goes.
most reasonable successfull business people have gone to the bottom of the barrell (thats business) the ones that surface are the ones that take the risk again but this time they don’t make the same mistake (yours is cards)the best business people diversify.
Instead of relying on one income from one business you rely on lots of little incomes from lots of business.
I will keep saying look at little syndicates that can help each other.
you now know the value of money and to some extent how it works, this time use the money you have wisely and leverage with it.
For leoau all this advice is free nobody has to give you any of it so my best advice is use it.
as for bashing you around the ears well sorry but that life I get bashed every meeting, comes with the territory

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August 4, 2005 - 12:56 pm

hi
like the comfort zone.
Mine is sydney traffic at peak hour thinking of my next deal but thats me

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August 4, 2005 - 12:54 pm

hi all
not wanting to be the bug in the ointment but I think this needs to be answer by an accountant or tax person because as far As I know the first home owners scheme is exactly that your first home and in applying for it you must not have owned any property before and that includes if you are a partner in a purchase.
I stand corrected if wrong put if right the tax dept have very deep pockets and usually like to skin people.
As for living in the property I’m going to a meeting tommorrw and will get the amount of time.

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August 4, 2005 - 12:40 pm

thanks spi
as the tag says Im here to help.
I need the help just as much as you.
Only I know my market put I haven’t got a clue about yours and theres business opportunities in lots of areas

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August 4, 2005 - 12:29 pm

Hi Scott_C
have you been talking to some of the banks I deal with?????
most of my deals are done this way.
I work out the 12 interest component for the loan and then deposit that into a term deposit and let them draw from that.
They then don’t look at serviceablity.
Just put in 2 loans today for two syndicates for total 9 million and currently have a green light.
Just don’t do it to often or you may start to trim my feathers

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August 4, 2005 - 1:02 am

hi kdr
not sure at what stage you are at.
plans done
submitted
da ( development application approved)
cc (construction certificate)
start to build.
but that is the process.
Contract builders are good but independant are better in my view( but I am one eyed as we are builders).
Ring up a couple of builder and get them to give you a fixed price contract inc design if no plans are drawn the price maybe close.
if you go with a contract build ring a couple of Quantity surveyors ( if you can’t find any ring your bank they will have a list on their panal) and ask them to look at the contract.
And price what you are getting for your money.
You should aim for approx $250,000.00 per duplex
to build in parramatta.
Also make sure that what you see on the plans is what you want, any changes cost big money.
Just did a wall change on a unit for a client cost 6,000.00 when you calculate all trades.
So make sure no changes.
Oh and as for the headaches your moving into developing and thats headaches heaven.
If you don’t like the sight of blood don’t become a doctor it comes with the territory.
Contract or private build I have yet to see a building that doesn’t have problems.
If you wish you can go on a holiday to fiji while its being built and then shake your head when you see whats been built and thats when you will be reminded about the blood and the builder I go to site daily and daily I argue with the builder.
hope it all goes well and welcome to developing

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August 4, 2005 - 12:26 am

Hi Rajeev
For me its not a spotting fee but call it what you like it is very common in the commercial market.
First you need to setup an account with a solicitor or real estate the same as that the deposits go into for real estate purchases.
This is not releast until the property is exchanged the same with your commission. you just set it up that if the transaction does not occur the funds are still releast to you. a mandate letter will do this.
If you are looking at this as a business venture then spend a little money and set it up with a solicitor and he can manage it for you.
Its relatively easy.
This advice is general and is not financial advice I’m not allowed to give that.
This advice does come at a cost.
If you find sites zoned 2c or 3a raw you let me
know.

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August 4, 2005 - 12:07 am

hi ax6
Talk to your banks finacial advicer its free, then your accountant.
Not knowing your financials and business structure makes it hard but the loan would be the way to aim.
Just make sure that both of the above are working together for you to reach your goals.
Selling maybe the way to go if these to two looking at your situation agree, low interest loan looks to me the way.
My advice is exactly that general advice.
Way up all costs.

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August 3, 2005 - 11:35 pm

Hi
This ones for the accountants but when you have the answer post it, as I think you can claim as long as you have a company doing the investing ( searching)and a trust doing the holding(purchase)
not sure of your setup.
It will depend on the setup structure you are using.
They are funny people accountants(even thou they don’t know it)they get you out of question like this.

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August 3, 2005 - 11:22 pm

hi linar
I would do two things.
first send a letter to the owner or managing director of the independant valuer company explaining what has happen and that you want them to send a letter to the real estate.
Stating that the valuer was working on your behalf and that any information by the valuer is propriortary information and is to be given to nobody without your written permission. Get them to ring you when this is done or you will be asking for legal assistance for break of contract( a contract between customer and agent confidenciality)
when they ring you, ring the agent tell them the same as above and then submit the offer.
The agent will only submit an offer when he receives it and in most cases won’t have told his client your valuers price.
It would be a problem for the owner of the real estate if he did tell the vendor the information make sure you stress this with not only the sales person but also the owner.
go play hard ball I have to everyday.
GOOD LUCK

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August 3, 2005 - 12:26 am

Hi banderos
first this is a forum for general information and all my post are for general information only.
as for not being a good investor I’m not sure as I don’t know your details.

but all that aside.
To get free legal advice and that is what you are asking can only be given by a lawyer or solicitor so look where free ones are.
Go to the local court ask to see the chamber magistrate( they aren’t going to like lots of people going this route)and get his advice.

The lessen here is very simple as with everything you get what you pay for.

Every situation is different but gafama way seems the cheapest.

As for selling its my understanding yes the other party as it joint owned or lendee for this property could sell.
The price of getting a paid lawyer as opposed to getting it wrong you have the numbers.

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