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That's a great space specially for building guitars. Looking forward to the reno. I hope to have a space like that in the near future.

It was brand new. Brand is Pope with a 4 stroke Briggs and Stratton. It was promotional. I'm a rep that calls into Bunnings so I generally get a wind of what's about to be deleted or what's promotional which are generally on pallets or middle aisle. Promotional items are generally cheaper...

I got mine for around $120 sometime last year I think. We use to pay a guy around $25 to mow the grass but he moved Interstate and the other mob are charging a lot more, so I thought I'd just get one. I've used the thing around 10 times maybe. Add the cost of petrol, oil, etc. I think I'm...

I read the book up to 2 episodes down the line and have an idea what's going to happen in the next couple of episodes which kinda spoiled it for me. I will probably hold on reading a bit so I can enjoy the episodes in 3 weeks time.

I might be able to come but a bit late and will probably have a late night coffee.

Not sure if this is value adding but I like Property Wars. It's more gambling though than investing or anything else cause they can only see the outside of the house.

Thanks for sharing. Learned a lot from this thread.

I took the course years ago and can't believe the ACCC hasn't caught up with them. I just put it down as part of my education. In regards to the Options Contract, all I can say is that it probably won't work outside of Gold Coast/Brisbane but don't quote me on that. I just went with what the...

In regards to My Dream Home, does anybody know what type of App they use on the 3D building/design is?

Thanks for the heads up on Selling Houses Australia. My wife and I love it. We watch it whenever we get the chance. I also started watching My Dream House and a little bit of Income Property. If there are any more, that would be awesome.

I might drop by late.

Looking great Brendon. Looking forward to the finished product.

I thought they would like to put up a building in the future but apparently it's only to expand car park space at the moment anyway. He'll be calling a surveyor to find out his options. I'll update this thread on the progress.

My brother and his doctor partner has a medical clinic where he practices his dental prosthetics as well. Their problem is that they are getting busier and the car park is not big enough (6 parking spaces). They bought the vacant land next door with the intention of consolidating the 2...

I'm not sure if you're aware that he already owns the property and this is an exercise of adding value to the existing property. The described margin is only paper profit. Also, the 16% is margin on development cost, the actual return on Brendon's contribution is much, much higher. You might...

Missed this one but I'll try to be there on the next meet

12% margin is fine if you can definitely realise the deal in 12 months or less but thats not the case more often than not. There also seems other costs not included as already mentioned. Based on what's been provided (and not), it seems like this deal is risky IMO.

I think you've answered more than enough and doing really well with your project. I'm looking forward to the finished product and might even drop by to check it out. ;-)

From what I've read on the thread and what Mindmaster just wrote, what I understood was certain swing have been allowed in the feasibility where certain conditions or issues might happen where it did. So yes, after riskiest part is over, the margin is still healthy in my opinion...

On another note, if you can keep as investment and then keep it. If you've done your due diligence and allow at least 20% margin then more likely than not, you'll be in break even or maybe even positive gearing or cashflow. Unless you're developing in a volatile market area where a 20% plus...