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www.theherons.com.au these units rent for $350 a week. i designed them for a client of mine who develops in the area and was telling me yesterday that $350pw is very feasible for anything renovated with quality or anything new. seems my DD was decent after all. there are a lot of...

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ah i see - so you've looked at it very hard then! how did you manage to speak to the owner and get in on the fact they've inflated the rent payable?

yeah cheers - i did my research with 4 bedders and they seem to get that much - the 3x1s etc all seem to be the $280-290pw mark. glad i'm not going insane.

thanks - i have tried bringing "skills only" deals to the table before, but the general concensus is that "money talks" so a skills only deal sees no more than about a 30% stake in profits. tried with the limited amount of family i have (that are half money savvy anyway) but family + money...

i was aware of the easement - but i thought it was a sewer easement not water - whcih means we can build up to 600mm off the sewer itself with piles - but that's where i placed the courtyard anways. the salb would have to come up along with the shed, the limestone is crushed and will be good...

cheers - but it's a solid deal and all my DD was done. instant capital generation as well of about $120k

i saw this and have got some figures done - see the attached word doc. i lost the deal because my serviceability is shot thanks to paying rent + mortgage (and i'm close to the limit as it is) - i gave my family a shot but, well, who wants to take advice from the youngest in the family...