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heh, I am pretty sure they won't care if 4-5 people login using the same logins. Those 4-5 people are unlikely to get their own memberships individually so... And I'd be amazed if they're doing any IP tracking :) What I'm proposing is that I pay for the whole 3 months. (1 month at a time)...

Hi, I am looking for 4 others to partner in a monthly membership of the Investar property research tool. I've heard good things about it. Thought I'd try it for 3 months. It would be $150 for 3 months for each person in the group. Google search "investar" to see a demo of it and the fees etc...

private financing Aaron, how does private financing work? I know nothing about it! There's a mention of it being low paper work, subject to the project roi as opposed to my personal cashflow, higher interest rate (11%?), can cover the interest repayments as well, 60%LVR on the end value...

Stratta Hi, if I was to hold onto all the apartments in a new apartment block build, would I still need to Stratta title them? or can I can keep them all in the one title until a future date? I'm trying to reduce my upfront costs before the build is finished and rented out :) So if I can get...

hey hey great tip about the private lender. I've pmed you for their name/contact. Feel free to post it here if you wish :) It's a high interest rate but if it's near 100% funding of the project then the numbers might look very good. Especially if the interest repayments are tax deductable...

holding costs Hi, the holding costs I list here are only my interest. I estimated over the 12 months of build I will be paying Interest Rate x Total Cost (build/land) / 2 (since it's progressive build payments). Are there other holding costs aside from interest? *gulp* I would be...

ok Ok. That gives me some good guidelines for when I talk to accountant/advisor. Here is the rough breakdown of costs/sales/profit based on some of the information you provided: Build & Land Costs =============== Land & settlement fees: $710k (borrowed $544k) Town planning and...

ah Ah ok. That makes sense! I've just seen these blocks where they haven't been stratta titled at all, which I assume means the block was not sold/owned by multiple people. What's the best way/timing to minimise the cost of stratta titling? ... I knew there would be a lot more expenses...

Gst Thanks again Aaron. I totally understand that it's a complicated matter and it will differ from case to case. But you're managing to dumb it down sufficiently for me to get a slight handle on it :) Also I note that I will consult my accountant before I do anything and I'm not asking...

thanks Aaron, thanks again. so... 1) I get a draft plan of subdivision - Land Surveyor 2) I get council to approve this 3) I do the build 4) I do the sub-division (through council? expensive?) as per the approved plan post build and pre-settlements on apartments 5) If I choose to I...

Aaron that's really helpful. Can I ask... 1) Under what condition do I need to be registered for GST? 2) If I am not registered for GST, then I don't have to pay GST to the gov for apartments I sell, so no GST is payable? 3) If I'm not registered for GST, what is the catch? I don't get...

Hi, I am looking at developing a small block of apartments in Melbourne. My understanding is that: - Subdivision: is subdividing the lands under the apartment block into parcels, one per apartment. This needs to be done and approved via the council before selling the apartments off the...

Hi, I am looking to sell some apartments in Melb off the plan. I am trying to work out the expenses/profit margin roughly. My understanding is that: - 2%-2.5% to RealEstate agent (paid on sale out of my pocket pre settlement?) - 10% of settlement price is paid to gov in GST (but...

Nat hey Nathank, I've pmed you :) Hani

Hi, I am looking to sell 6 apartment off the plan for a development project. What is the best way for me to sell these as a developer to avoid paying for agent fees (4%-6% I believe)? I tried gumtree.com.au but it doesn't seem to have much traffic for buying real estate. I've used...

ok Thanks Michael. Will do :)

thanks Thanks Aaron. Are there any specific financial/accounting documents that I should get the selected accountant to put together for me? I assume some would include: - Spend schedule - Financial forecast (post build) - Tax related planning? - ...? thanks

great hey many thanks for the tips. I'll contact James as recommended. Any other tips and potential gotchas appreciated :) e.g. subdividing pre build to save on subdivision costs...?

Misa I have a big problem with the CBA offset account, it should really act as a line of credit account. Which is doesn't because it's not a transactional account. For example, if I put all my pay and rental income into my MISA account automatically, I can not pay my CBA interest on the loan...

Hi, I have approval to build a 12 apartment block in Melbourne. Even though it's small in size compared to the big boys, I've never done this level development myself in the past :) So all advice is welcomed. My biggest hurdle right now is around the accounting and how to structure...