PropertyInvesting.com | rmittlal1 | Activity https://www.propertyinvesting.com/members/rmittlal1/activity/ Activity feed for rmittlal1. Wed, 15 Apr 2026 00:50:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6871fdd89a49bbbe8354f5ec4bb38874 rmittlal1 replied to the topic Owner builder? in the forum Value Adding https://www.propertyinvesting.com/topic/4381407-owner-builder-2/#post-4524234 Thu, 11 Aug 2005 06:36:51 +0000 Hi

I want to be an owner builder (say builder manager). I can read drawings and coordinate people. One of my subdivisions has been approved and a notice of decision issued. The second one should have a result in 3 months(hopefully).

How can I learn to build so that I can be builder after say two projects are completed? What kind of course can I…[Read more]

]]> 3cffe6dd737ada52f41c5978f1dd3e84 rmittlal1 replied to the topic Investor Club in Melbourne in the forum Creative Investing https://www.propertyinvesting.com/topic/4374475-investor-club-in-melbourne/page/2/#post-4479411 Tue, 19 Jul 2005 01:57:16 +0000 Hi All the wrap experts,

I need help to start on wrapping. I have a property which is being subdivided. Hope subdivision would be over in two months. The front house is valued at about 250k (East Melbour e Lilydale area) and rented for $240/wk. Weekly rent is too low for any meaningful installments with a low deposit.

How do I start?

All help…[Read more]

]]> 3134597f26cc4df4f9b8890d1ac64e9a rmittlal1 replied to the topic Victoria House Sales in the forum Help Needed! https://www.propertyinvesting.com/topic/4381104-victoria-house-sales/#post-4522400 Tue, 12 Jul 2005 10:34:30 +0000 Hi

The data can be obtained from http://www.localwise.com.au

All real estate agents are members of this site. Just find out how you can pay for it and do your search. Its not that expensive.

]]> a730058fe18a36ed8536516725dfeb8e rmittlal1 replied to the topic rental statistics???????????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381071-rental-statistics/#post-4522187 Fri, 08 Jul 2005 10:06:20 +0000 Hi

In Victortia, http://www.reiv.com.au gives you suburb profiles free of charge. One of the real estate agents used to send me every quarter published data from REIV showing both suburb price movements and rental (including occupancy) details. So talk to a real estate agent and get data.

Rakesh

]]> eb1f762815420eb2d465efd07d4b2526 rmittlal1 replied to the topic Recent development success in the forum Value Adding https://www.propertyinvesting.com/topic/4380607-recent-development-success/#post-4518930 Mon, 06 Jun 2005 04:26:35 +0000 Hi resiwealth,

Quick turnaround means buy a house with big land. get subdivion done in 4-6 months, then sell off subdivided land after 12 months are over (for 50% rebate of capital gains tax).

I have seen one work out this way.

The only pitfall is if IP is in an area where planning permit is needed before subdivion, as that takes time. But if…[Read more]

]]> c80b88ce5c1d80535d15d87481a87f00 rmittlal1 replied to the topic Recent development success in the forum Value Adding https://www.propertyinvesting.com/topic/4380607-recent-development-success/#post-4518926 Sat, 04 Jun 2005 23:07:52 +0000 Thanks, this is what I arrived at. I am planning to develop a kind of model on this principle of subdivision and quick turnaround. If I can do one such thing a year, I dont need to work. Is this right and achievable?

Rakesh

]]> 99934110395cc5809935dc348222a1b4 rmittlal1 replied to the topic Recent development success in the forum Value Adding https://www.propertyinvesting.com/topic/4380607-recent-development-success/#post-4518923 Sat, 04 Jun 2005 09:42:45 +0000 I am doing two subdivisions in Melbourne. But I am finding that building a house on the subdivisions is a wastre of time and money, selling the land makes money. By building a house on subdivided land, you only recover the cost of subdivided-revalued land. So why build?

Any other person having similar experience?

Rakesh

]]> 66bb0890abd93188c1ec6d9d0a104c77 rmittlal1 replied to the topic Town House costs (branched from 4 townhouse topic) in the forum Value Adding https://www.propertyinvesting.com/topic/4380436-town-house-costs-branched-from-4-townhouse-topic/#post-4517679 Fri, 03 Jun 2005 02:58:55 +0000 Hi!
Project mobs build only standard houses, which are replicated many times, so are cheaper. Townhouses are normally custom designed, with specific planning approvals, not just building permits. So, project mobs don’t touch them. Is this the reason town houses are expensive?

If you look at Metricon’s prices, even double storey houses of standard…[Read more]

]]> 700921f6eaad724b9489b91a9f4e1c99 rmittlal1 replied to the topic choices as to where to live and be wisel in the forum Creative Investing https://www.propertyinvesting.com/topic/4380512-choices-as-to-where-to-live-and-be-wisel/#post-4518242 Fri, 03 Jun 2005 01:13:53 +0000 Hi!
My accountant has advised that:
1) if your previous ppor was say A and you rent it out later.
2) you buy and move to another house B, but do not change ppor
3) You can change ppor to B, sell and pay no CGT
4) You can move back into A later on, stay for 6 months and sell again with no CGT.

Just recheck once again with your accountant.

]]> ddd895111707d23d711690f244810a16 rmittlal1 replied to the topic Help on proposal for 4 townhouses in the forum Value Adding https://www.propertyinvesting.com/topic/4380395-help-on-proposal-for-4-townhouses/#post-4517444 Tue, 24 May 2005 22:11:09 +0000 Hi!
I am doing two backyard subdivisions in Melbourne. I find that it is profitable to sell the land rather than build and sell. In Mooroolbark area of Melbourne, I can sell a 600 m2 back yard for say 120-130k. If I build a 3 bed basic house, it costs about 150k (with driveways/landscaping) totalling say 280k. I can only sell it for 275-280k. So…[Read more]

]]> 431ab4dc12b2f4f2ca619125f37240c4 rmittlal1 replied to the topic HELP! WRAP CONTACTS NEEDED S.E MELB in the forum Help Needed! https://www.propertyinvesting.com/topic/4380240-help-wrap-contacts-needed-s-e-melb/#post-4516179 Mon, 16 May 2005 03:12:29 +0000 Hi Michelle,

I am in Eastern Melbourne suburbs and want to start in wraps/leasing? So how do you start? We have a negatively geared property but I can’t imagine people paying so much money weekly for Melbourne properties? All examples I have seen in books are for properties costing 40-70k. If properties are worth more than 300k, renting…[Read more]

]]> 5613849430dc33c7e55b8d63108a0ac2 rmittlal1 replied to the topic The benefits of property developing in the forum Value Adding https://www.propertyinvesting.com/topic/4379213-the-benefits-of-property-developing/page/4/#post-4509529 Mon, 16 May 2005 03:00:49 +0000 Hi!

While doing developments, I find it is easier and probably more profitable to subdivide land and sell and move on.

If I think of building by employing a builder, I find profits come down.

Is this correct or am I missing something?

Thanks

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