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" Seeing as the cost to build a set of duplexes is around $800,000 turnkey" Shouldn't cost 800k turn key for a duplex. CB

Thanks for your input guys. Much appreciated! Sesster

OK guys. Need some advice. I am trying to choose the building materials at this point. I want an all rendered look as opposed to brick veneer at botton with rendering on top to break up the look. I have always thought that an all rendered look has a more modern and sharp appearance. I am...

hahah! Damn, and I was looking into property forecasts, anything new happening this week with property, govt etc! Argh Geoffw! Tess i'd rather keep the North , south, East etc till after settlement..you never know who is reading this forum. Just recently I read a post on this forum where the...

Residential Lend, 90% on property fixed for 2 years @ 4.97%, Construction loan details not certain yet. Consultant fees are the professionals you need for different parts of the project, depending on what your building, eg engineers, drafter, town planner etc. I'm going to be the project...

Yep no concept design yet and no quotes from construction. Once I have these Ill be able to put more solid figues. Shahin yup im going through council most likely. With regards to DA,BA and CC for 10k I was only refereing to application costs.

Thanks Dtraeger and Television! If all goes well by Friday with the Engineers report, that will be one big relief! Negt at the moment its a rough 22% but i do know there are more costs I have probably not included so I do expect the rough 22%, when taken in other costs probably will end up...

OK so i know its still very early days but i thought it would be interesting to diary from beginning to end this development here and I know the feedback from you guys is awesome. So here I go. Yes it early days but my offer has been accepted and I am in the middle of a cooling off period to...

Mflying thank you for the contact. Is there a particular contact person I should ask for? Also did you end up using their recommended builders? Thanks mate Sesster

Ricflair I have done a google search but i can't seem to find the company you recommended above.. do you have his contact details? Thanks mate sesster

Ideo and Ricflair, Thanks a lot guys for the contacts. I will make them my first port of call. I appreciate your responses. cheers sesster

Hi guys, Can anyone recommend some good drafters/building designers in Sydney? It?s a simple duplex build so I?m hesitant to use architects on this one. Thanks a lot much appreciated! Sesster

I would break the deposit and purchase 2 IPs in 400k range. Sesster

1000% agree!

Richard is spot on. It's insane to jump out of a plane without a parachute. Equally, its ridiculous for anyone to buy an IP having little to no investment knowledge, relying on strangers and then expecting to achieve your financial goals in the long term. sesster

Hey Undertaker, Congrats on your new job! I kinda feel like a broken record here cos I keep telling newbies to read and learn as much as they can (buy 5-10 books on property investing by Aussie author) before diving head first into a purchase. Many things will be clearer after you have...

Hi Celsioraus, Depending on your financial goals and what age you are at, from reading what your curent debt, equity and current net income is, you are in a strong position to build wealth for your future. I'm going to give you the same advice I gave someone else: give yourself 3-6...

The three points I mentioned was with regards to the article Bobby posted the link. That would be my move mate. Dennis I think your passion is great and in time youll get there - I hope I didnt dishearten you. I just believe in keeping it real with people. Sesster

Hey Bobby, Yeah I was recently reading that article and the more I read the more I cringed: Strike 1: Guaranteed rent ( almost always a negative catch involved) Strike 2: cross collateralized loans (huge no no) Strike 3: 15k a year in unknown/miscalculated costs (unforgivable)...

oh Dennis, Dennis, Dennis... Your calculations scare the hell outta me, Your really clueless mate and you have too many way off assumptions. I've realised that people are giving you good advice but because of your great lack of understanding the fundamentals, its just going over your head...