No, sorry.

How do you protect yourself from developer insolvency risk?

Not really any risk of that, There is actually greater risk with the builder (unless you are calling the developer the builder in this post). If you are buying a house and land package then you are settling and purchasing…[Read more]

What part of the construction finance are you not able to come up with, the equity (you might have it in your land you already own) or the servicing ?

Cheers

Where I would trim the fat in your fictitious flip is this.
– Holding costs, 6 Months to complete renovation, way to long (are you just working weekends?), Speed is the key. (If the renovation could take longer, get early access on a unconditional contract, finish the renovation before you even settlement, some risks here, You would…[Read more]

Where I would trim the fat in your fictitious flip is this.
– Holding costs, 6 Months to complete renovation, way to long (are you just working weekends?), Speed is the key. (If the renovation could take longer, get early access on a unconditional contract, finish the renovation before you even settlement, some risks here, You would…[Read more]

Where I would trim the fat in your fictitious flip is this.
– Holding costs, 6 Months to complete renovation, way to long (are you just working weekends?), Speed is the key. (If the renovation could take longer, get early access on a unconditional contract, finish the renovation before you even settlement, some risks here, You would…[Read more]

Where I would trim the fat in your fictitious flip is this.
– Holding costs, 6 Months to complete renovation, way to long (are you just working weekends?), Speed is the key. (If the renovation could take longer, get early access on a unconditional contract, finish the renovation before you even settlement, some risks here, You would…[Read more]

A disappointing story to be sure when you just want to be heard and are treated indifferently.

One of the issues you are having here is you constantly approaching different builders.
Approach a building designer only, agree with that designer that you will own the copyright of the plans so that if you choose to tender with multiple…[Read more]

– I have read many posts containing horror stories about the time for DA approval, why is there so much uncertainty with the time for approval? How can it vary from 3 months to 2 years and What is it that is actually taking up this time? Is it purely b…[Read more]

– I have read many posts containing horror stories about the time for DA approval, why is there so much uncertainty with the time for approval? How can it vary from 3 months to 2 years and What is it that is actually taking up this time? Is it purely b…[Read more]

– I have read many posts containing horror stories about the time for DA approval, why is there so much uncertainty with the time for approval? How can it vary from 3 months to 2 years and What is it that is actually taking up this time? Is it purely b…[Read more]

and not sure who quoted this one but I think its a partial Tony Robbins quote.

” I believe life is constantly testing us. For our level of commitment. Life’s greatest rewards are reserved for those who demonstrate a never-ending commitment to act until they achieve”

Usually standard house just under $10k, asbestos extra budget $2-4 depending on how much etc. Speak to Joanne in the office she will organise a quote for you. Have used them many times before always good and accommodating

Xero with add ons – (either pocket rent) or released
Property tree is a online cloud based software (usually used by RE agents, slowly replacing the server based

Pick your accounting software first there is heaps of add ons, for xero, quickbooks etc.

http://www.afr.com/real-estate/property-investors-lose-50pc-in-qld-mining-towns-20160302-gn8qv9

Any more detail that you can give ?
State, suburb,
Purchase price, Current Value of the property, current value you think now you have a DA (was it a complying 4 siter or did you squeeze the 4 on), Current LVR

All the options Benny suggested,
– Plus knowing the above you might have some more equity in the deal then you think
-…[Read more]

You might find it difficult to get rid of your personal guarantee over a small development, Unless you can get your loan to value ratio down on the whole project. I.e. down to 50-60% as a limited recourse or non recourse loan.
But if you are up above that you might just have to suck it up and sign

And I would just ask their hourly rates. And don’t be Afraid…[Read more]

Firstly I would question have you bought any property at all period?

Secondly commercial lending is at a lower LVR typically then what’s available to…[Read more]

CBA are one of the banks that will go 2nd in line on a mortgage. Most banks policy is to be 1st and 1st only.

My partner works in insurance and I think I might be sending a link to see if that clause is in building warranty polices.

That is not a good result. What have you done since? Or planning to do

– can’t settle, you just did the guy a favor and fixed up his house for him
– not finished the renovation and the valuer comes out because you are trying to
Borrow 95% with LMI, so they always request to come into the property . Meanwhile you haven’t finished and you have no kitchen and no bathroom—- valuation will come…[Read more]

Short answer is no, renovations done before a tenancy will be treated as capital. Must then apply…[Read more]

Ie when calculating their in one line net of gst approach.
Say 1.7 mil end value. They go take off 10 percent – 170k. This is a bit cut and dry over the top in my opinion and is more then the gst which would be…[Read more]

No point looking at anything if the purchaser is not utterly understanding of HOW much they can borrow, HOW much equity or cash they have and HOW much they need to fund deposits, keep LVR’s in check, hard and soft costs. Ultimately that determines where and what type of development they should look for…[Read more]

As long as your buying the entire carpark.

But no a single carpark for a investment. Poor choice in my opinion. A limited recourse loan and 100k would get you into a 300-400k property easily, which would be a better investment.

– costs of 1,380,000

= 544k gross profit

544,000/1,380,000
= 0.394 x 100 = 39.4 % ( and he said approx 40%)

His gross return profit calcs are fine. I think you need to change the batteries in your calculator.
And why would he post the address online. If you wanted to know badly a PM would suffice and if you really wanted to know…[Read more]

If you withdrew 200k and used it to pay for the deposit and stamp duty of another investment property then it is tax deductible.

This is why, offset accounts can be beneficial then paying off…[Read more]

Or write down the address and do a title search on the property for the cost of between 11 and 25 dollars.

Usually boarded up houses are government housing as they are usually the only people that board up their houses.

Once council have granted a land use application (DA). Then it is not their authority to say if community title division will happen before the construction or after the construction.
You can pay all your division fees, water fees, have your water meters connected and the block level clear and pegged and you can get the community…[Read more]