Recent content by Mr. Wolf

Nah, just mates coming together.

Lol. Why is this so? Making decisions has been fairly easy - no emotions attached - in fact the only issue we have faced so far is the finance. We have an independent consultant though (a female) - so that makes it easy making objective decisions.

Nine males only.

Yes, that's what our lawyer suggested. What set up would you suggest?

We have had two brokers so far. The first spoke to Bankwest, they said they would lend us on 80% LVR. Submitted paperwork - they said structure was too complex. Moved onto to another broker, NAB was okay - but took too long and at the end no finance. Looking at a simpler way of doing this. In...

I think the issue is the no. of parties involved, not the Unit Trust per se. We have not dealt directly with banks, and no hits on credit files (we didn't get to that point) We have a broker, who is also a member of this board.

We have been knocked back by two banks now for a property deal (Bankwest and NAB). Deposit and serviceability not an issue, but the appropriate structure. Our Structure consists of a Unit Trust with a Corporate Trustee. We are equal partners and each of us holds 1/9th of the units through...

Thank you everyone for your comments. Initially we were looking at a development and subdivision seemed favourable but looking at our numbers and demand/supply in Maddington we would struggle to make money. Also, we don't have experience in land sub division. Can any one recommend a buyers...

This is a land subdivision. Yes, we are aware that this area has clay - but I would assume the buyer would pay site costs when they purchase a block of land? On bank fees, are this not in built in the rate, and how much are we talking about?

These costs: site costs, town planning permit, building permit, council fees, water corporation, subdivision costs, landscape (fencing), external plumbing and drainage, concreting, drainway, water tank, stormwater detention costs etc These are the most difficult to estimate, conservatively we...

We are looking at doing a sub division in Perth and running the numbers on this block (this is a sample, as part of our research): http://www.realestate.com.au/property-residential+land-wa-maddington-200829387 Our Cost Estimates are as follows: Purchase price of block of land...