Search results

Hi, Im looking at building residential townhouses on a block of land. Im trying ascertain how worth while it is to subdivide a piece of residential property, into 4 titles vs simply building 4 townhouses under the same title. Ive seen people doing the latter and I dont totally understand...

Thanks for all your help

Hi Aaron, So you WOULD normally need to service the land interest? "If you are buying land that already has a planning permit attached you can't really think of it as a 2 step process. " please explain?

Hi Terry, The whole option thing confuses me. I cant seem to see what is the incentive for the vendor. Unless the cost of the option is very substantial and or the excercise price inflated...thoughts?

HI Aaron, Abit confused. So you explained that land can be purchased first with interest capitilised, then once presales are in place we can get construction finance. Then I asked what max lvr is achievable for the land purchase and you said its dependent on the construction costs/...

hey Aaron, Thanks mate. 2 more qs 1. When buying the land alone and hopefully capitilising the interest, what max lvrs are achievable?(im talking land values of around 1m) 2. When lenders require presales do they commonly give preapprovals subject to presales? Ie so you know once...

Hi Aaron, Great to get such knowledgeable responses 1. In re to my first point. Perhaps I wasnt very clear. I was referring to a scenario before purchasing the development(whether the deal had presales already or not). Ie you see a good deal, you do feasibility which takes a time then...

Hi Aaron, THanks for the reply. I definitely need more detailed knowledge of presales, from my understanding its very deal and lender subjective, A few questions" 1.) Whether the prop has presales or not it could take time fund it the way you want, so what would the best methods...

Hi, Have a basic questions about development, hope you guys can help out. Say I found a development that had DA approval and passed feasibility, how would I tie it up while I arrange finance? With development finance being alot more complicated, Id be nervous about signing contracts...

thanks Terry. Anybody else here have an idea about the lvrs? Pt_Bear?

Not quiet. Im aware of the obvious risks. This is specific as I have a keen buyer for an apartment I have already purchased OFP and im wondering what the best way for myself and the buyer handle this transaction

Hi, Can somebody explain how the cashflows and settlements process works if you do the following (numbers used for e.g. purposes only) Example Buy apartments for 500k off the plan with 10% deposit (50k) - settlement in 24 months After 12 months sell for 550k (before we initial...

im not self employed. I can show payslips or letter of employement. PAYG notice for 2010 might be an issue... Also any idea how difficult it will be to get 95% if im borrowing through a trust?

Is it safe to assume you are likely to get a lower lvr (max 85% ) if you want to do off the plan. This is what ive read anyway. That banks know about this risk anythere will lend less. http://wealthruproperty.com/Blog/spring-2010-property-update-investment-strategies-for-2011 However im not...

I expected as much... So what is the best course of action if this happens? I supposed the owner can try sell contract to before its settled.....any other ways around this?

Hi Looking at buying my first IP. Have some issues with proving income I can provide 1. Payslips 2. Bank accounts with sizable cash amounts (>130k) I can not provide tax assesment notice. Please tell me what is typically required from the banks so that I dont waste my time...

What happens if say 12 months after you pay the standard 10% deposit for an off the plan property, you are unable to obtain finance at the time of settlements..... What is the worsed case scenario? What would the best course of action be to salvage the best from the situation?

Does anybody have some rough building costs for a 3 bedroom home on a per square meter basis. Assuming I am looking for a cheaper solution(probably a project builder). Land area is approx 350square meters

Basically im looking to build and onsell asap Since im new to the game I thoughht maybe I could eek out a decent profit if I strike up the right relationship with a developer. That way the turn around time would be quicker( I think) - all the permit and council issues would already be done...

Thanks for responses so far 1. Willair - Can you tell me where do I find the sales data? 2. How about if I just build a house from a house and land package. I assume the process would be much easier - mom and dads do it all the time, But I woudl also assume the fact that im doing the...