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  1. Oshawott

    pre-sell - automatically classed as developer?

    hi, have read thru previous posts before about intent as a key point (but not only factor of course) when being considered an investor or a developer. can anyone give some thoughts about this scenario: want to build a few units with intent of holding for rental income and CG. However...
  2. Oshawott

    4m storage requirement

    just want to know if councils will accept attic storage as part of the 4m storage requirement here in WA. something like this? and if anyone has done it.... roughly how much is the cost. Thanks...
  3. Oshawott

    tenant in common % entitlement question

    hi, recently came across a very good deal but due to short term situation i cannot buy it on my own. due to me having equity to become a security guarantor, have teamed up with a good friend of mine to do a JV. the banks that broker have spoken to has said they are willing to accept the...
  4. Oshawott

    refinancing regularly hurt credit score?

    just wondering, if we are in accumulation phase, most likely there will be a fair bit of refinancing/releasing equity to maximize buying opportunity. if for example you do 1 or 2 refinance a year (assuming you have multiple properties) are you hurting your credit score a lot? should you worry...
  5. Oshawott

    cgt discount start time - contract or settlement

    i just got conflicting information today regarding CGT discount timing. 1 accountant and an investor friend says the 1 year time starts from contract signing/accepted another accountant and a broker friend says it starts from settlement (therefore can sell earlier and agree to settle at...
  6. Oshawott

    why is APM valuations so low

    just wondering. currently have access to investar and pricefinder. also had reports done from rpdata before to compare. notice that APM valuations consistently come in WAY WAY lower than the other 2. is there a reason for this? when i say low, i mean lower than whats currently selling in...
  7. Oshawott

    cba HL simulator

    hi, to the brokers who deal with CBA. how accurate is the MS Excel based serviceability calculator? I have been playing around with numbers and its looking good. just want to know how accurate is it. If results show as pass, are my actual chances of getting further loan good? will...
  8. Oshawott

    insurance for IP

    i know that Terri Scheer and EBM are known for their landlord insurance. However, do you usually take up the bldg insurance with them as well or do you look elsewhere? any suggestions for bldg insurance only? currently my IPs are all with comminsure. new IP settling in few weeks and...
  9. Oshawott

    timeframe lodging wapc clearance to title

    can anyone give me an idea the time frame and the steps left after lodging clearances with wapc? am asking because the project (retain and subdivide) is getting longer and longer than what was originally projected. costs has gone up as well i.e found decommissioned pipe in the ground, need...
  10. Oshawott

    do investors actively look for site that can fit gf

    am currently shopping around getting appraisals from local agents to sell a site that i have subdivided. basically retained the front house and made sure conditions are met that enables the front retained house to add a granny flat if future buyer wants cash flow. can add a 70 sqm 2x1 granny...
  11. Oshawott

    importing raw materials -- viable?

    hi, was speaking to someone yesterday and he told me he was building 6 4x2 villas. asked him how much would cost him turn key and he said its about $1100 per sqm. its mid-high spec in mandurah. told me kept costs low by importing some materials from china. has anyone else done this...
  12. Oshawott

    how much more it costs for double storey

    hi, can anyone share their insights how much more *ballpark %* a double story house costs vs single story assuming that you are building with same total living area i.e. 200sqm single level vs 200sqm double. thanks.
  13. Oshawott

    H&L package ads by builders

    does anyone know if those are JV ventures or do builders buy land themselves and sell as a whole package? i have seen ads where they list a suburb with a price for a complete h&L. has anyone ever done those with builders? if so, how is profit shared?
  14. Oshawott

    getting around commercial lending

    i know that maximum units you can build under residential loans is 4. i was thinking if i need to build 5 or 6 units, can i (using own cash) strata title the blocks 1st into 5/6 titles. then apply for loan with different banks to avail of residential loan terms?
  15. Oshawott

    clarification cgt/gst

    hi, just wondering if anyone can clarify the situation below for me please: IP1 - owned 2 years with DA approval. IP2- owned 1 year, subdivided so now has vacant rear land and a retained front house. If i sell the IP2 rear lot, i know now i have to pay GST/margin scheme, but what...
  16. Oshawott

    low vs medium spec questions

    can anyone help explain what are main difference a medium finish will have vs a low end finish? i tried googling but cannot really find any info about the differences. under what situation would you go low end and when would you go medium finish? and speaking of end value, will you achieve...
  17. Oshawott

    express sale?

    sorry for silly question. if a property is listed as express sale with no price, what exactly does it mean? quick settlement?
  18. Oshawott

    offering tenant first

    am thinking of selling a property i subdivided with a retained house. has anyone tried to offer tenants first if they want to buy to save agent fees? What is the best way to approach the tenants about selling. Am not too sure tell them i'm selling, they seem to have settled in nicely...
  19. Oshawott

    Offers over X amount dilemma

    If a property you are interested in is advertised as "offers over x amount" but you feel that the value is lower. Do you still try to make an offer? More specific to my situation, listing agent is the big dog in area i want to invest in. I have justifiable reason why i think the value is...
  20. Oshawott

    r60 subdivision costs

    as far as i know typical 2 lot retain and build style subdivisions costs between 30k-45k on average. (assuming no nasty surprises) does it get cheaper when you strata a block of land into 4 or 5? or will costs remain the same for each lot? thanks very much.
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