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Sam Diamond replied to the topic Investment idea - Buying untitled land and selling it when titled in the forum Creative Investing

Mon, 28 Nov 2016 23:31:39 +0000

Thanks mate, I get it now. This word of caution that you and Robert have put forward is of great help. I need to ensure the contract has provision to be able to onsell.

Thanks,
Sam

Sam Diamond replied to the topic Investment idea - Buying untitled land and selling it when titled in the forum Creative Investing

Mon, 28 Nov 2016 12:08:34 +0000

Hi Ethan,

Sorry, I didn’t quite understand this strategy. Can you please elaborate?

Thanks,
Sam

Sam Diamond replied to the topic Investment idea - Buying untitled land and selling it when titled in the forum Creative Investing

Mon, 28 Nov 2016 12:05:30 +0000

Thanks Robert. Thats valuable information. I will try and go ahead with it to see if I can negotiate 5% deposit and get an agreement to onsell.

Thanks,
Sam

Sam Diamond replied to the topic Investment idea - Buying untitled land and selling it when titled in the forum Creative Investing

Sun, 10 Jul 2016 07:19:19 +0000

Thanks Corey. Yes I am talking about buying a land off the plan from a developer.

Scenario: I buy an off the plan land which is not titled at a price of 180K on Jun 2015. I pay 10% i.e. 18K and sign the contract between the developer and the myself.

It could get titled after one year or in some cases after 2 years. Few months before its gets…[Read more]

Sam Diamond replied to the topic Investment idea - Buying untitled land and selling it when titled in the forum Creative Investing

Sun, 10 Jul 2016 07:19:19 +0000

Yes I am talking about buying a land off the plan from a developer.

Scenario: I buy an off the plan land which is not titled at a price of 180K on Jun 2015. I pay 10% i.e. 18K and sign the contract between the developer and the myself.

It could get titled after one year or in some cases after 2 years. Few months before its gets titled, generally…[Read more]

Sam Diamond started the topic Investment idea - Buying untitled land and selling it when titled in the forum Creative Investing

Sat, 09 Jul 2016 11:12:24 +0000

Hello All,

I am wondering if there is anyone who would buy untitled land, sell it once the land it titled and keep the profit. What are the pros and cons of this strategy? What to look out for? Here I am making the assumption that the land price will increase once its titled.

Any thoughts and input on this would be appreciated?

Thanks,
Sam

Sam Diamond replied to the topic Need advice with regards to property investment in Noble Park in the forum General Property

Mon, 20 Jun 2016 11:12:49 +0000

Thanks Benny, Richard and Terry for your responses. All your insights have been really valuable.

Thanks Richard, now I have got your contact. I will get in touch with you when I find a potential opportunity to go through the nitty gritty.

Terry, those are really good points. Mainly the borrowing capacity and the deposit eaten up. Now I dont feel…[Read more]

Sam Diamond replied to the topic Need advice with regards to property investment in Noble Park in the forum General Property

Sat, 18 Jun 2016 06:14:11 +0000

Thanks Benny for such an insightful response (especially point 4). I am glad that I joined this forum.

Also, can you please let me know what is an MB? How do I run my figures by an MB?

Thanks,
Sam

Sam Diamond started the topic Need advice with regards to property investment in Noble Park in the forum General Property

Fri, 17 Jun 2016 10:47:54 +0000

Hi there,

I am looking to buy a 1 bedroom student accommodation at Ian st in Noble park. Its near to the train station and its a new property. The cost is $170 – 180K

My reasoning for buying is that I will benefit from depreciation and if I pay off the property quickly (in 3 -4 yrs using savings, depreciation and rent received) then it will…[Read more]

Sam Diamond became a registered member

Wed, 15 Jun 2016 04:07:06 +0000