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  • Profile photo of pgoldfinchpgoldfinch
    Member
    @pgoldfinch
    Join Date: 2005
    Post Count: 4
    April 30, 2005 - 6:00 am

    Thanks everyone. Your words of wisdom are being gathered and put to good use [biggrin]

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    Profile photo of pgoldfinchpgoldfinch
    Member
    @pgoldfinch
    Join Date: 2005
    Post Count: 4
    April 29, 2005 - 9:13 am

    Thanks Sailesh.

    This has been helpful in getting myhead around the ‘development game’.

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    Profile photo of pgoldfinchpgoldfinch
    Member
    @pgoldfinch
    Join Date: 2005
    Post Count: 4
    April 29, 2005 - 2:11 am

    Thanks for that colbert!

    We are going to sell and have heard a ‘formula’ for investment property developing which goes:
    1/3 Purchase, Designs and DA approval.
    1/3 Development
    1/3 Profit

    ie if your total sale of all 8 units = $2.4m then it should cost 800K for the first step, 800K to develop and then your return should be roughly 800K… how does this sound to everyone?

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Viewing 3 posts - 1 through 3 (of 3 total)