Why? I can understand that the land on the down side of the road would have worse views, and thus be worth a bit less, but then…[Read more]

Go to council, and ask to see a planner. Run some ideas through them on what is allowable. ie in my local council, you cant sell the two duplexes to two different people, so…[Read more]

If you flog it off now, you will pay no tax on any profit, at all, because it is your ppor.

But, if you develop it, you may still be up for some tax (albeit you will get the 50% reduction)

Also, dont forget gst on the units, and the possibility of a downturn in the market.

Personally, I would go…[Read more]

Stopped by council today, they said all I need is a survey and a piece of paper signed by both landowners.

Well wrappack, today, wrappack was, like you, out looking for opportunities. On yapping to a next door neighbour, who had been doing a bit of subdividing, he mentioned that he had just put a road in a few years ago.

Like you, wrappack, wrappack always tries to carry his trusty 8m pink Lufkin measuring tape…[Read more]

All been guilty of that at times.

Please dont quote what I say hear as gospel, but I did check out being an owner builder.

Main problem I see is that you must provide insurance to anyone if you sell your house within…[Read more]

Obviously, you have developed a heap of properties in the last couple of decades.

If not options or subject to’s, how did you develop the property? Were you in a jv as a builder, as opposed to the landowner?

WOuld be very interested to hear any other alternatives.

Ps the fun begins in deciphering them!

I think the fundamental flaw in your plan is your basic assumption that there will be less developers looking for land in the near future.

By saying there would be less demand, I was referring (perhaps badly), that we are not in a runaway bull market now, nor likely to be in the near future.

While I would love to…[Read more]

Firstly, peter combdens free download at

http://www.smartpropertydevelopment.com.au/downloads.htm Brilliant, simply brilliant!

Secondly,

http://www.yourproject.com.au, buy the developers ebook, but forget about the toolbox, as most of it is not really related to…[Read more]

Regarding the central coast- get in touch with a mob called Aconsult. They act as a help to developments in any/ all of the stages.

I havent…[Read more]

Secondly, we need to get something approved by council in a relatively short period of time.

Would I be right in assuming that the best would be an amalgamation of land for unit developments in medium density res development,…[Read more]

If I buy a house for say 1M, and the vendor will lend me 100k, would he get a 2nd mortgage/caveat/joint venture/etc?

By the way , what is a caveat? I was under the impression (?mistakenly) that a caveat meant that you had a financial interest in the prop, and it is very difficult to sell without the caveat removed. What is the difference between a caveat and a 2nd or third mortgage?

You mention that it was your first successful deal. Did you have a few options expire, or go sour through council?

I just secured options on them with exercise prices that are less than both the median and average prices in the postcode. The land can be developed into between 20-24 units. If…[Read more]

I checked out the web sites that you suggested, both look good.

Are they aussie, or, if not, how much of their resource is less than beneficial?

wrappack

Lets say I lend someone 200k on a 1M prop, and are given a second mortgage on it. I would also assume I would have a caveat taken out over the property?

Lets say the developer goes belly up and the banks want to sell. My understanding (which may be entirely wrong, so feel…[Read more]

I am also interested in options, then either selling them, or using the new equity to possibly develop myself.
What was the option that you took, and what was involved? (ie I assume that you had to do survey, then go to council with plans for either a subdivision or units/etc)

i) Drinking 10 glasses of h2o a day, and spend half the day on the dunny.

ii) Scary thought number one- Ph of coke is well below three (ie acidic) it is that way so that more sugar dissolves in it, so it is sweeter. BTW Warren buffet (who owns a shitload of coke) says that most people prefer the taste of pepsi, cause it is about 4%…[Read more]

Then reread and reread them.

Couple of comments. Forget currencies they are a 24 hour job around the world. Forget options, elder says that futures are actually a lot safer (and he backs it up, just pick the right market!)

Best thing about elder is his…[Read more]

“friendly real estate agent”- surely an oxymoron.

According to every real estate agent who has ever walked the face of the earth in every bull, bear and sideways market, NOW has always been the perfect time to list with them, sell with them, and…[Read more]

Mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.

So, if you mark up a property at say, 11.5%, how much of this net ‘profit’ would be eaten up…[Read more]

Is it possible to slightly change the layout of your house to suit you both. ie the house I lived in previously was 4bed, 2 bath, 2 story, dual entry. By blocking the stairs off, upstairs would be 3 bed,1bath,…[Read more]

Firstly, everyone is entitled to express their opinion (even Bec), regardless of how many or few postings one has done, or how experienced or new one is to investing.

Catchy title- Good idea, if you have a dud title, it often sinks down deep, but if you spice it up,…[Read more]

PS: Funnily enough I’ve found that it’s the live vendors who are more prepared to negotiate a good price than the dead ones.

The previous comments are uninformed drivel, rude, derogatory, arcane,…[Read more]

Firstly, good reasons for houses on the market? Divorce, deceased, mortgagee in possession, job transfer, etc.

I thought that if relatives were out of area, there would be a better chance of them wanting…[Read more]

Im with the loanarranger, find out NOW from council about any future developments possible ie easements, covenants, etc, else you may not be able to do…[Read more]

(wrappack jumps up on his high horse, a fine, muscular palamino mare)

1) Being hooked on smoking. 40-50 bucks a week down the drain, but in pre tax dollars, probably 70-100 dollars.
13 years ago a friend was going to give up the smokes when they hit $5 a pack. Yep, hes still…[Read more]

It would depend on income (no use neg gearing on the pension!), and also your intention.

Is your intention to buy one expensive property that will be a prime development site in 20 years time? Or do you wish to be getting tenants, etc.

I saw this question of yours and immediately thought of ‘the answer’, which is ‘it depends’

One…[Read more]

I think Russ’s first post would strike a chord with over 90 percent of people in the street. ie made sick by a house full of rubbish and filth

Yes, a few of us (particularly in the health field) have broader life experiences involving mentally ill people, and can guess on the…[Read more]

Pay any extra money off your ppor, as this is not tax deductable

If the bank will lend you 160k, then why not buy 2 pos/neutral/slightly neg geared, in the same area which you think will go well in the long run?

As for renting to the ex- well, in the same way that you have let someone else marry her, let someone else tenant her!

Anyone else got any ideas about “properties with a twist”?

Couple o’ thoughts

Try to think about what you should do disregarding centrelink. So often people do something ‘because of centrelink’ or ‘to save tax’ that just loses them money.

Thus, do all of your sums, ask centrelink AND a qualified accountant PRIOR to actually doing…[Read more]