Forum Replies Created
Wiko
I wish it was in golden ink!!! haahaha
I may have to get some contact details of you, if it can be done at that price.
My costing(Or that is what i am paying) includes
Town planner fee for site analysis
Draft design
surveyor fee
storm water engineer
landscaping
structure engineer
may be i didn't go for cheapest guy in town. but i am happy t with his work so far.
You are looking at circa $30k!
best to speak to oscar about this, Very easy to deal with him!
Joey,
Good on you for saving big deposit!
I am 29 years old too and aware of how hard it is to save large sum of money.
it is shouldn't be so much about how many properties you can buy, it should be how many quality Investment property you can buy and your strategy in the game.
Since last December, we bought 4 properties (all development sites) and building 1 duplex in western Sydney.
I think investing in property (especially, in stage of aggressive buying spree) is like going to war, you need to have good team on board to make it thru.
you will need
champion Mortgage broker (Jamie already replied to your, post, and we have some really gem broker on forum too)
clear strategy (buy n hold, Buy and develop, land banking, reno or combinations)
appropriate Legal Structure
ability to find "RIGHT" properties along the way.I hope this helps. if you need any further help, feel free to PM me.
Good luck!
I have been to AYR few times, and know few ppl who has business there..
not my choice of town to invest, as it has plenty land around and not much growth indicators!
What is your strategy??
I and few other forum members use Stacey of Stacey Lee.
I have found her very professional and she runs her own business, so not one of those KPI oriented PM.
You can contact her on 0434 990 670
Feel free to PM me if you need more info!
Jason,
You need to consult Architect /draft person to determine exact FSR.
There are couple of things that excluded from FSR calculation Parking, Storage area. (i could be wrong)
http://www.greenfielddaservices.com.au/
never used this guys, but being across the road from council indicates me that they will be dealing with Sutherland council regularly. give them a call.
Btw, What are you trying to build? How big is site?
it seems that you are buying in Toowoomba. (i could be wrong)
contact Darryl at PRO Town planner… He is forum member (RPI) with wealth of knowledge in town planning and development.
As wiko1 mentioned, you are talking about complex (but very good structure setup). I wish i could have done this before is started the property investment journey.
RPI on this forum can help you with information! he knows this stuff inside out!
Wilko, number looks good!
May i ask what is a zoning on property??
Thanks
I would suggest to get in touch with Darryl (RPI), he is a forum remember and knows Ins and Outs of Proeprerty, Law and Town planning!!
Jay,
Purely based on your replies so far.. it seems that you really want this property.
what is it?? House, Land, Acreage, Apartmentt, town house.
It will save you heaps of time and money if you can have local town planner/architect on board.
I am sure there are few town planners on this forum.
Try:
http://thedesignpartnership.com.au/
i think he is on this forum.
If you are going down this path, it will be good idea to get top accountant and gem of broker on your side.
Shahin has already replied to your post and knows in and out of development as well. may be worth while to speak to him!!!!!!
He has done wonders for me (in terms of finance and helping me out with development projects as well)
From memory, there was an article about young lady doing a small scale development in Morrisett, NSW.. may be worthwhile to read that too.
Hi Jay,
You did write
"has responded with 'not willing to proceed unless the offer is in or closer to the advertised range"
i think that is what seller's counter offer is…..
just do your numbers, look at other comparable properties in a market and present your best offer.
if they don't accept it, move on to other comparable property. I am sure that is not the last property on the market.
Also, how did you find out about vendor's divorce?
Just out of curiosity, can you give more details about property??
Ring Ben on 0499 084 048.
I havnet used him before but spoke to him when i was in redbank plains last week.
he quoted me $50 to clean filters and do regular service.
PLC wrote:You need to get seek professional assistance on this, but from memory if your sole intention is to use the land to build property to rent out, then the loan interest is deductible even if nothing has been constructed yet.Think there was some tax ruling on it years back.
Cheers
Tom
here it is,
Hi Daryl,
Congratulations!!!!!
i hope all goes well for you… you have been really helpful to members of this forum and other known forum on net.
Regards
I deal with
Mr Patel of
Draper Accountants & CA4U
156 Mulgrave Road
PO Box 972N
North Cairns, QLD, 4870
Ph: (07) 40 326996
Fax: (07) 40 513911
Edited:
$300k for build??
does it inc Site and other cost, it can add up to around $100K
To determine actual cost, you will need to get Land Contour Survey and Soil test done.
Any visual inspection and cost estimated based on it worth no value at all. it can backfire on you if council has strict rule about storm water and retaining walls.
Above survey will cost you around $1000-$1500 but it will be money well worth spent, and if you go ahead with purchase you will need them for DA and other construction related documents.
