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Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 7, 2005 - 8:15 am
Looking forward to the storys
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 6, 2005 - 9:24 pm
Good stuff Piggy, I agree 100% , for those investing in the usa do your home work
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 2, 2005 - 2:19 pm
Give me a call I will let you know what is involved .0408355568
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 2, 2005 - 2:14 pm
Hi Dean
we have spoken about this subject before and I will continue to do develpoements and renos to achive my goals because there is a dollar in it , but I will only do it in slow markets like we are entering now.
My biggest problem durring the last boom I had my money tied up in developements , when I should have had as many small deposits on as many rental as possible.The abilty to leverage that money out would have put me in a much better position. Hind sight is 20/20 vision.
Keep up the good work ,I enjoy your stories.
Kind regards Rick
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 2, 2005 - 11:33 am
So the closer to land value the better.
Do you think you can make money doing this?
This takes lots of money lots of time at council and years slip by very quickly.
I got sick of dealing with idiots, that think develpers are millionaires and you just seem to be folking out everwhere and lose heaps of time dealing with councils and planners.
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 2, 2005 - 7:07 am
Hi Dean
What makes it better at the top end rather than the bottom end?
Is it the expence involved with getting the permits therefore the over all% is not as good or is it the fact that the numbers are just bigger.
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 1, 2005 - 12:44 pm
Zulik,
There are a lot of hidden expences when building units.
Contribution fees for sewer , tapping fees for water,sub div fees,running services under ground to the property from whereever they are the builder doesnt pay these the owner pays it.Council has some fees that normal home does not pay but unit developement does, if it is the frankston council you will have to put in storm water tanks to allow for flooding if your lucky this will cost about 20 to 30 k, the list goes on and on.
This forum shouldn’t be called developement made easy it should be called developement why bother.
Not to be negative but most projects I have done it take just as long to get the permits as it takes to do the job.
Good luck
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 1, 2005 - 12:31 pm
Hellman I’m thinking this is not in Australia , please fill us in
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
November 1, 2005 - 12:24 pm
Well tell us what it is
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
October 29, 2005 - 6:59 am
007
Not sure what you are saying, do you have something on offer to investors?
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
October 28, 2005 - 11:55 am
I tried to down load the service myself , but couldn’t get it to work. I’m not to good on these computers.
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
October 28, 2005 - 11:51 am
Is this property in montrose I think I saw it the other day.
450k comes to mind .
If this is it and you have the time it will be a good investment was thinkin of buying it myself
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
October 28, 2005 - 11:43 am
Westan I agree I have been looking at the NZ market and see that price are starting to pull back.
But what upsets me I saw a dolfderoos letter today that showed how he is pushing investors to invest through him in NZ , he is quoting that the market is behind the rest of the world and now is a good time to invest in NZ.
I don’t think hes package for investors was good at all.
Kind regards Rick
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
October 28, 2005 - 11:34 am
Westan,
Do you pay the fee for full Access?
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
October 27, 2005 - 12:53 pm
Gross,
The way I see it risk v return . I must admit if you can make 27% on your money that is crazy I would put a million into something like that 7 days a week if I thought I could get that sort of return with little risk. I would be able to retire .
Kind regards Rick
Monopoly, my favourite game
Rikky
Member
@rikky
Join Date: 2005
Post Count: 313
October 27, 2005 - 12:48 pm
Go to casino put it all on black might double money in 2 minutes thats not a bad return
Monopoly, my favourite game
Rikky
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@rikky
Join Date: 2005
Post Count: 313
October 26, 2005 - 11:29 am
Looking forward to reading about your experiances
Monopoly, my favourite game
Rikky
Member
@rikky
Join Date: 2005
Post Count: 313
October 26, 2005 - 11:26 am
Check out the USA market they are everywere
Monopoly, my favourite game
Rikky
Member
@rikky
Join Date: 2005
Post Count: 313
October 26, 2005 - 10:52 am
Busta yes we have found finance for the deal,I wil give you a call Tomorrow
Monopoly, my favourite game
Rikky
Member
@rikky
Join Date: 2005
Post Count: 313
October 26, 2005 - 6:35 am
Just spoke to my accountant looks like I will be in for a large tax bill , oh well if your making money you have to pay tax.
Monopoly, my favourite game