Recent content by nowork

Does anyone know of any websites aimed at connecting strangers up for potential development JV's?

I would like to get into development jv's as well, but have no experience.

Thanks for that guys.

Hi Guys, I am excited as I have been given full approval for my second IP, paid building and Land deposits and am awaiting settlement for a dual-occupancy house build which will be done in NSW. I should have enough cash to pay the rest of the deposit by settlement and I will pay LMI. I...

Cool, thanks.

Hi Guys, I was just wondering two things, Can you claim LMI for a new build for investment purposes? Can you also claim LMI if you are accessing equity from your current property (eg, LVR going from 30% to 10% to gain enough funds) to use as deposit for a new investment property...

Thanks for the info guys.

Hi, I was wondering on peoples thoughts on Mandurah WA, seems like a few older cheaper homes on blocks that now have been re-zoned. Would like to one day to do a small development, just learning more with how they work etc. I have the one IP. No PPOR, work looks after where I live...

That sounds great.

Hi, I am a newbie as well and I only have the one IP so far, but I did option 1. I had no experience, and learnt a lot from family, friends and tradies. Was great fun (stressful as well) and very rewarding, my one regret is I didn't get to enjoy living in the house once I completed...

Hi Guys, I was wondering if you could help me with the below example... 1. SMSF purchases a house on a large block with a loan. 2. SMSF has paid out loan, SMSF no longer has a loan and fully owns the house. 3. Council changes Zoning for land and allows block to be split for another...

Thanks for all the advice guys. Yes I definitely want the double carport. I have thought about the Bedroom + Ensuite, but was concerned about pricing and also how small the bedroom might end up with the ensuite included in the Garage. The Bathroom in the house is a good size and is a two...

Nah, it isnt a rough area. But most other houses have double garages. :)

Hi all, Was looking for some advice on which is better to have, my property at the moment currently has a single garage with a single carport out the front, but i have never used the garage to park my car and neither have any of the tenants i have had in the property, yet my agent tells me...

CBA moved fixed rates up again..... :mad: