Recent content by DexV2

Thanks for the info guys! It's been very helpful, yes indeed it would be tough for the first time but I'm looking forward to the possible challenge. I looking into a range of 7-20 unit apartments. I am trying to be on conservative on cost so I'll go with the safe prices.

Hi everyone, Just wondering how do people usually calculat the cost of developing apartments? How much extra would the cost increase as the number of floors increase with and without an elevator? Is it usually based on a $cost/unit regardless on the configuration (1x1, 2x2, etc.) or is it...

Blow off as in go on holidays and spend enough of their assets so that they would qualify for a pension. So are you saying that if I'm retiring soon and my PPOR is worth >$800k it would be exempted when calculating if I qualify for a pension?

Hi everyone, Was looking around the forum and noticed that there hasn't been any discussion about the impact of the new budget on house prices?? I heard that in the recent budget the have lowered the pension level to $800k? If that is the case, a lot people may not qualify for a pension...

How about building cost for apartments? I heard that cost/sqm increases as the number of floor increases? Due to elevators and etc. If so what would be the cost/sqm for a 2 storey development vs 3 storey and so on? Is there a rough guide out there to calculate? 200k per unit for a 75...

What is considered as an insufficient fence? Some of the fence are in a bit of a bad condition with holds or breakage.

Yes I've have talked to the neighbours and mentioned that I'll be changing the fencing, just wanted to make it official in written form. Doesn't hurt to use the law to persuade :P

Hi everyone, I am thinking of removing some old asbestos fence around my newly built house and install some new fencing. Reasons: 1) It will be safer 2) More aesthetically pleasing However I would like to have my neighbours contribute to some of the cost. Does anyone have a letter...

My building insurance may be up for renewing soon. Any advice of good building insurance companies?

Hi everyone, I am about to rent out my property and was wondering what insurances might be necessary and what companies are good to go with? Cheers!

Oh sorry, yes its under my dad's name

My dad's trust is the legal owner with no mortgage. Thanks guys, i hope to check it out

Hi everyone, Does anyone have any thoughts or know the procedure to transfer the ownership of a property from a trust to an individuals name without a direct sale? My example is that my dad current owns a property under a trust and wants to transfer the ownership to my individual name so I can...

May be good to also look out for the zoning of the area. My dad bought 3 adjoining lots with a great frontage and access into the Riva area and so happened to be R40! He didn't know about it but if he did he would have bought the whole block of 5 lots. Oh well... 3 lots is still sufficient to...

I've only read instant cashflow so far, I've been reading a whole load of other books. But instant cashflow is really practical and it really helped me to understand the basics of building a solid business (though mine is in its infant stage). Unfortunate you will have to wait a long while till...