Hi Meister
Have you considered helping out your friend who has been developing well for 15 years in return for his knowledge and experience? It sounds like he has a system that works well and you also have an established relationship with him.
You’ll find that many entrepreneurs, including...
Great advice Philip and couldn't agree more. As a registered architect, licensed builder and property developer with over 25 years experience you'll find that an experienced architect will do more than just design the project.
The role of an architect is central to the development process...
We personally prefer Joint Ventures to Syndicates. Joint Ventures offer many advantages especially to newcomers to property development, including the ability to spread the development risk and, at the same time, source the finance and possibly even other expertise.
We find Joint Ventures...
Hi Theo
We recommend Feastudy for those interested in getting started in real estate development because we find it is an easy to use affordable program that provides good detailed feasibilities.
http://www.adobe.com/products/acrobat/readstep2.html
Regards
Adrian and Amber
Hi Rockstar
Great to hear that you're working on your mindset. We believe your success lies in your mindset. It all starts with the quality of your thoughts! If you have positive thoughts, you'll have positive results.
You may also find an article in our June REDDreport helpful, titled...
Hi Rockstar
Thanks for posting the photos of your development project.
Real estate development does have its fair share of surprises. It is hard not to stress when delays are out of your control especially when they are costing you money each week in interest payments etc. Just try to...
Initial Meeting With Council
Hi aegcp
We find that it’s very beneficial, after the preparation of the concept plan, to organise a preliminary meeting with the Planning Authority - usually the local Council. We do this to determine their attitude towards our proposed development and to...
Hi Scooter
We agree with craigb that you should find the development site before considering feasibilities.
We research areas to invest in that suit our criteria first. Once we've found an area we're happy with, we obtain the local authority planning regulations because we need to...
Hi Triton07
If you're investing for capital gains then http://www.residex.com.au has the following prediction reports which may help: Best Growth Metro (Top 100) cost $215 and Best Growth Budget Metro cost $155.
Thanks for understanding Ian but we probably could of posted it a better way. Anyway if you drop us an email to: [email protected] we'd be happy to discuss the details further with you.
Hi Ian
We send our 'Letter of Intent To Purchase Under Option' BEFORE we go to the expense of having a formal Option Agreement prepared. It outlines the basic 'terms and conditions' upon which we would be prepared to purchase property. A Letter of Intent can be used to confirm interest in a...
Hi Rockstar
Purchasing corner sites for duplexes in good locations and having designs and finishes slighty above the market requirement generally means you're able to achieve much higher returns.
Good luck with your project.