Total Members: 156,241

Luan Cao

  • Hi Steven051,

    Im only a law student so I cant give you legal advice.

    However, you should understand the difference between “Joint Tenants” and “Tenants in Common”

    in the shortest possible way and without knowing your individual circumstance, in essence they the type of ownership structure over the asset will have certain consequences.

    Most…[Read more]

  • Hi Frank,

    My apologies as my semantics and assumptions were incorrect.

    Suffice to say that all I meant was that the project could be more effort than it is worth.

    Properties with easements and other associated restrictions should be, in my opinion, carefully researched and necessary due diligence performed before you put down considerable…[Read more]

  • Hi Frank,

    My apologies as my semantics and assumptions were incorrect.

    Suffice to say that all I meant was that the project could be more effort than it is worth.

    Properties with easements and other associated restrictions should be, in my opinion, carefully researched and necessary due diligence performed before you put down considerable…[Read more]

  • Dear Frank

    I have read all the posting in response to your question about building over an easement.

    The first thing that i woudl observe in the whole debate is the fact that if you are asking a question about permmission to build over an easement you would be a relatively novice developer. This could very well be your first development.

    Having…[Read more]

  • Hi Steve,

    My suggestion is to firstly assess your goals. To do this you should ask yourself question such as:

    are you looking for capital growth or cashflow?

    How much can you afford?

    what areas are you looking at?

    etc etc.

    I agree with all the above, don’t rush into anything and do as much research as possible

    Kind Regards

    Luan M…[Read more]

  • If you locate a Mortgagee in Possession property, asking for the contract will automatically disclose the vendor as it will be contained in both the front page of the contract for sale of land and also within the title searches that are required as part of the contract.

    The mortageee / administrator / liquidator of the estate does have the…[Read more]

  • Hi Paul,

    From my experience I have found that many of these types of property investments have high management, strata or body corporate fees that negate the initial high yeild that you think you will be getting from teh property.

    Have a look at the fine print and see how you go.

    Also could I ask how much and how large these properties…[Read more]

  • Originally posted by duncthedunc:
    If these commentators know so much about forecasting property trends then why are they still working 40+ hours a week in the finance industry? Surely they should have retired by now – being able to predict the future! Its like a story about property investing on ACA tonight – the editor of Money Magazine was…[Read more]

  • Luan Cao replied to the topic $1 deposit!!! in the forum No Subject 17 years, 6 months ago

    There is no problem with paying $1 deposits if you can get away with it good on you.

    I myself have purchased properties through options where I have paid $1 for the option fee for upto 12 months. I’ve done this twice and made six figures both times.

    L M C
    http://www.ampg.com.au

  • go to http://www.homepriceguide.com.au you can buy a postcode snapshot for about $50.00 this gives you all the sales in the last 12 or 24 months depending on which one you want to buy. it gives all the sales in a specific postcode you nominate.

    Kind regards

    Kabung
    http://www.ampg.com.au

  • Micheal,

    I must say I would disagree on the definition you attribute to the term ‘developer’. I thought and its only my opinion that a property developer is anyone who adds value to the property. So I thought that subdividing and constructing basic services would define one as a developer.

    But like many have stated in this forum that sometimes…[Read more]

  • Wappack,

    I think the fundamental flaw in your plan is your basic assumption that there will be less developers looking for land in the near future.

    I think that is unreasonable to assume, as many developers have what the business community describes as ‘land banks’

    I’ll give you an example of a situation this is a real situation and is a chess…[Read more]

  • I have negotiated deals since my first deal but the exercise price on tne options were to high to re-sell and needed to be amalgamated to maximise their potential. This is because I was focusing on sydney CBD.

    My current ones were negotiated through a REA.

    Technically there were three (3) contracts covering four (4) blocks (one is a double…[Read more]

  • see my posting in ‘entry level developer’ for the discription of my first and current deals.

    Kind Regards
    kabung

  • because in my first project i just flipped an option. In that one there was only one or two possible buyers because the site required to be amalgamated to maximise its yield as it could only be battle-axed as a stand-alone property but could be developed into townhouses if the property was widen by amalgamation.

    Kind Regards
    Luan

  • I agree with everything Micheal has stated. But would like to add a few things.

    Sourcing the property your self is always the better option but this can be time consuming and difficult. R/E agents will have experience and a better in getting owners to put there property on the market. Like Wrappack says that most agents are not willing to…[Read more]

  • Thank you Micheal for your comments.

    I agree that I am seeking a cost analysis for my projects. However I don’t see much difference in a cost analysis as opposed to a feasibility study, I assume that the only difference between them is that a feasibility study would incorporate the expected resale value as a revenue amount. Perhaps also that the…[Read more]

  • Dear Micheal,

    yes I agree that they are subjective, I should have made myself more clear in stating that I required an outline of one to reconcile whether I left anything out that one would require.

    Kabung

  • Dear all,

    I’ve found that the best source of info is from those who have successfully completed what it is you are trying to complete. Find who would be the person you would most like to emulate and then invite them to lunch somewhere nice with white tablecloths etc etc (make sure you pay).

    Alternately call up advertisments from people…[Read more]

  • Wrappack,

    The deal that I was posted about earlier was my first ever successful deal, which went a little something like this.

    Unemployed and on my way to join the dole que, I walked past and noticed a property in the window of a R/E agent not too far from the centrelink office.

    I walked in told the agent that I was interested in the property,…[Read more]

  • Load More

Luan Cao

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