- propertyeclipse wrote:Hi, I was wondering what market you are in doing the B&B for $400pw and how’s it working out so far?
nice to meet you, actually my place is already a B&B before I bought. So I didn’t really pay much effort in renewing it, though I did spend some money in buying new furniture. The most important thing is to the way to advertise your place (of course include a website). I can introduce several channels to you if you want to know.
P.S. Of course you may suffer from low season if you run B&B, but if you are serious enough about it you can earn quite much even in low season.Hi
My creative project was at the end of last year and well not so creative as some suggestions on this forum, it was to me.
We bought a relocatable cabin for $16k along with all the costs involved to install on my IP site (TOTAL $36k) and we rent it out currently for $200 p/w along with the main house. A dual occupation project.The creative part for us was getting the existing cabin onto the site as we had no side access and surrounded on three sides by neighbouring properties, we ended asking the back neighbour if we could drive an 18 tonne truck through his property in return we would erect a new fence at the back (falling over), mazingly he agreed and could not be more helpful.
Sometimes people are amazing when you give them a chance!
Cheers
Ianbricman wrote:HiMy creative project was at the end of last year and well not so creative as some suggestions on this forum, it was to me.
We bought a relocatable cabin for $16k along with all the costs involved to install on my IP site (TOTAL $36k) and we rent it out currently for $200 p/w along with the main house. A dual occupation project.The creative part for us was getting the existing cabin onto the site as we had no side access and surrounded on three sides by neighbouring properties, we ended asking the back neighbour if we could drive an 18 tonne truck through his property in return we would erect a new fence at the back (falling over), mazingly he agreed and could not be more helpful.
Sometimes people are amazing when you give them a chance!
Cheers
IanSounds awesome bricman.
this is what we are looking at doing for our next project.
Do you mind me asking where you sourced the cabin from?cheers,
BenHi Ben
We bought it on Trading Post, cabin was in Newcastle, we are in Sydney so not too far to go.
If you need more information on this PM me and i can give you more cost breakdowns etc,
Golden rules for this type of project
Cabin/GF 3.4m wide max, will go onto a flat bed with no police escort required.
Side access at property 4.5m min, for the truck/crane
Location of sewer/stormwater channels, this is crucial!!
Site analysis, know location of overhead cables, trees, stumps, side access, slopes, drainage,
Hire an architect / surveyor / expert to do a site reckky, well worth the money in the long run
Hope this helps.
Ian
bricman wrote:Hi BenWe bought it on Trading Post, cabin was in Newcastle, we are in Sydney so not too far to go.
If you need more information on this PM me and i can give you more cost breakdowns etc,
Golden rules for this type of project
Cabin/GF 3.4m wide max, will go onto a flat bed with no police escort required.
Side access at property 4.5m min, for the truck/crane
Location of sewer/stormwater channels, this is crucial!!
Site analysis, know location of overhead cables, trees, stumps, side access, slopes, drainage,
Hire an architect / surveyor / expert to do a site reckky, well worth the money in the long run
Hope this helps.
Ian
Sounds good!!!!!!!
zmagen wrote:Also planning to experiment with holiday/student rentals with my next Japanese purchase.Trend?
zmagen, You lost me when you said “my next Japanese purchase”
zmagen wrote:We’d be advertising mainly to Chinese and Koreans, so wholly different channels.I’d try to get in hotels.com and booking.com- both have b&b listings, I know they come up in my searches even if I don’t ask for them lol
Advertise to Chinese and Korean within Aus?
Amit- Japanese purchase as in property purchase in Japan.
Advertising to Chinese and Koreans in china and Korea- many of them come to Japan for study or holidaying.
Make more sense now?
(hint- look at the signature below, it may clarify things somewhat)
Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
zmagen, thanks for clarifying that. I did look at ur signature but did wanted to make any assumptions
Investing in Japan sounds interesting, what sort of return do you get? I am keen to know what other countries you invest in?
Regards
AAmit Thaker wrote:… Investing in Japan sounds interesting, what sort of return do you get? I am keen to know what other countries you invest in?…The returns we aim for (both personally and for clients) are 11-15% – up to 12% can usually be secured in a few days, higher takes a bit longer. This is all pre-tax of course, but other out of pockets are very rare compared to other countries (i.e. vacancies, unexpected maintenance expense etc, almost non-existent due to the nature of Japanese tenants, the size of the units, cost of living in Japan, and the structure of condo fees – all of this takes a bit more explaining, <edit>. I'll also be writing an article about it for another website in a month or so, and will publish a link here when it's done, as quite a few people off this forum have been asking about this in private correspondence).
As for myself, I have properties in both Australia and Japan – will be liquidating Aus to move to Japan by the end of this year, as returns, diversity and unexpected costs are horrible compared to Japan, and capital gain is a bit of a mystery if the last four years are anything to go by – in any case the cashflow more than covers for any "standard" cap gain trends (if such a thing even exists these days).
My partner is currently looking into the USA as well (she has USD left over from better days and doesn't want to lose on the back-exchange), and so will probably be purchasing a small investment there in the near future too.
<edit> (I could carry on blabbering here, but it's a bit offtopic
Regards,
Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
My creative Project was a couple of years ago. I purchased a large corner block with a DA for 2 x 3 bedroom houses on it. I knew I could better and put 2 x 4 bedroom Houses on it as the previous owner had not really used the best designs for the project.
The twist came when I really sat down and figured out that I could put a 4 bedroom house and a Duplex on the site – it was a slightly longer process but the extra profit was worth it. So I ended up doing a 2 lot subdivision, building a 4 Bedroom house on one lot and a Duplex on the other being 2 and 3 Bedroom – I tried for 2 x 3 bedrooms but could not quite fit it on.
That and the former School site I purchased and did as a JV which we turned into 5 individual lots and then had 10 townhouses approved over 4 lots in 2 stages of 4 units on 2 lots and 6 units on the other 2 lots would rate as my most creative to date. The 5th lot was sold to another developer that put 3 townhouses on it. It took 18 months from acquisition to getting the final approvals but a nice project.
zmagen wrote:Amit Thaker wrote:… Investing in Japan sounds interesting, what sort of return do you get? I am keen to know what other countries you invest in?…The returns we aim for (both personally and for clients) are 11-15% – up to 12% can usually be secured in a few days, higher takes a bit longer. This is all pre-tax of course, but other out of pockets are very rare compared to other countries (i.e. vacancies, unexpected maintenance expense etc, almost non-existent due to the nature of Japanese tenants, the size of the units, cost of living in Japan, and the structure of condo fees – all of this takes a bit more explaining, <edit>. I'll also be writing an article about it for another website in a month or so, and will publish a link here when it's done, as quite a few people off this forum have been asking about this in private correspondence).
As for myself, I have properties in both Australia and Japan – will be liquidating Aus to move to Japan by the end of this year, as returns, diversity and unexpected costs are horrible compared to Japan, and capital gain is a bit of a mystery if the last four years are anything to go by – in any case the cashflow more than covers for any "standard" cap gain trends (if such a thing even exists these days).
My partner is currently looking into the USA as well (she has USD left over from better days and doesn't want to lose on the back-exchange), and so will probably be purchasing a small investment there in the near future too.
<edit> (I could carry on blabbering here, but it's a bit offtopic
Regards,
Ziv, Sounds like a interesting concept and I am not sure how much experience one would need to invest in Japan as a individual. 12% before tax is still pretty good. From few contacts I have with Japanese and Korean community unexpected maintenance and vacancies are rare things – I do agree. Keen to know more. Best to talk on PM?
KeyStrategies wrote:My creative Project was a couple of years ago. I purchased a large corner block with a DA for 2 x 3 bedroom houses on it. I knew I could better and put 2 x 4 bedroom Houses on it as the previous owner had not really used the best designs for the project.The twist came when I really sat down and figured out that I could put a 4 bedroom house and a Duplex on the site – it was a slightly longer process but the extra profit was worth it. So I ended up doing a 2 lot subdivision, building a 4 Bedroom house on one lot and a Duplex on the other being 2 and 3 Bedroom – I tried for 2 x 3 bedrooms but could not quite fit it on.
That and the former School site I purchased and did as a JV which we turned into 5 individual lots and then had 10 townhouses approved over 4 lots in 2 stages of 4 units on 2 lots and 6 units on the other 2 lots would rate as my most creative to date. The 5th lot was sold to another developer that put 3 townhouses on it. It took 18 months from acquisition to getting the final approvals but a nice project.
KeyStrategies, What you are doing in something I aspire to do in near future. I would love to know your journey.
Amit Thaker wrote:Ziv, Sounds like a interesting concept and I am not sure how much experience one would need to invest in Japan as a individual. 12% before tax is still pretty good. From few contacts I have with Japanese and Korean community unexpected maintenance and vacancies are rare things – I do agree. Keen to know more. Best to talk on PM?Obviously, it's highly recommendable to educate one's self before investing in any country or area (DD etc) – but as a rule, I'd think that a buyer's agent/proxy like ourselves, who has no vested interests other than yours in mind, makes the actual experience required far more manageable (considering the same now for our US investment – I know nothing save what I read here and in similar places, so a buyers' agent seems like the logical choice).
Yes, feel free to contact me via PM (or through our website, below – I receive a copy of all enquiries off it and will respond personally).
Kind regards,
Ziv Nakajima-Magen | Nippon Tradings International (NTI)
http://www.nippontradings.com
Email Me | Phone MeZiv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property
Amit Thaker wrote:KeyStrategies, What you are doing in something I aspire to do in near future. I would love to know your journey.Amit – I shared a part of that journey in my 3 Workshops that I presented in Melbourne at Steve McKnight's MegaConference a couple of weeks ago – I actually had one workshop recorded and I am just reviewing it before sending it off for production. We can talk about it at the Parramatta meeting next Monday.
Cheers
zmagen wrote:Obviously, it’s highly recommendable to educate one’s self before investing in any country or area (DD etc) – but as a rule, I’d think that a buyer’s agent/proxy like ourselves, who has no vested interests other than yours in mind, makes the actual experience required far more manageable (considering the same now for our US investment – I know nothing save what I read here and in similar places, so a buyers’ agent seems like the logical choice).
Yes, feel free to contact me via PM (or through our website, below – I receive a copy of all enquiries off it and will respond personally).Ziv, I checked out your website. It looks interesting concept for sure.
KeyStratagies wrote:Amit – I shared a part of that journey in my 3 Workshops that I presented in Melbourne at Steve McKnight’s MegaConference a couple of weeks ago – I actually had one workshop recorded and I am just reviewing it before sending it off for production. We can talk about it at the Parramatta meeting next Monday.Michael, Sound good to me.
Hi All,
We recently did a deal for our clients in Gladstone after rescuing a Developer with 3 Land + construction deals they needed to finalise within 60 days to avoid a disaster.
On the tail-side of that deal … being successfully completed and building trust with them … we set up a deal for about 25 of our clients to secure a house and land package.
The creative aspect of the deal was that the clients each receive $85k equity in the deal from day 1 of purchasing the land (step 1.), rather than in dribs and drabs through the construction, making it hassle-free for our clients and therefore not having to worry about the developer and deal with cashflow concerns with the progressive draw-downs.
Result … our clients gain equity on settlement off the land – not on completion of the project (purchase price was the actual valuation). They also had the cashflow upfront to take care of any repayments during the progressive drawdown, and until the property was tenanted. The clients also used NONE of their own money to do the deal, and they had a buffer in their loan on completion.
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