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I'm using Shahin from Elite Finance. Seems very good so far.

Thanks Westminster, it was a hard choice. But a very valuable lesson learnt. Something I could never have learnt in a seminar, course or any book.

Yeah its the cash from us that's stopping us. Its OK, we're happy with what we're doing now, the multi dwellings were just too expensive, risky and time consuming. PS we are keeping the triplex units, we're in this for cash flow.

So were definitely going down the road of a triplex. Looking at builders now. Got pre-approval for the loan. Feeling like it's the right thing to do. Looking at it calmly without emotion. Thanks everyone for your input. It's been a hard slog but could have been a lot harder. Dave

Hi SOP, absolutely have thought about selling it. However we've been told we'd only get $600K for it by my PM, even with the DA. That number is not substantiated though (I'm currently seeking it through the agent who's renting it out). At $600K we'd make no money and possibly a loss. And...

hi folks, I could rant and rave about what's happened with this block. To be honest I've probably pushed this too far when I should've been more cautious. I recon I've been hearing the dollar bills instead of being sensible. Don't get me wrong though, I thought I was being sensible by...

So I called Stirling Council. They said they cannot budge on conditions and the build of the two dwellings must happen simultaneously. Also 28 days is up for appeal so I now have no option but to continue or to complete a new DA, which might not get approved anyway. They also let me know...

good advice, thanks Westminster.

If we were to meet council, should I take a professional so they can understand the jargon better than me? Maybe a mortgage broker? Also want to appear humble so maybe just my wife and I?

Yeah they (PM) knew it was always our intention to build on the rear first. However they also made it clear to Council that this was our plan. I don't know how they made this clear but I understand they've got a good working relationship with the council. However on all the applications it was...

Tyhans Westminster for your reply, Yeah I'm trying to think of a way round the simultaneous builds, see the info from the DA I received on previous post to cast light on why we may no be able to do it. I'm now way an expert at this so don't know from the wording if we have any options...

Hi all, thanks again for all your replies. I've just been given the DA paperwork from council given to my PM. One thing I didn;'t mention as I didn't think it was important is that we got the DA back in July. Unfortunately after reading the DA it says we have 28 days to appeal. I don't...

So we have DA approval to build all 6 units, with a Vacant Strata. I've been told even if we demo the front house we wouldn't get a loan as the rear block isn't a green field site as the sewerage runs across from the rear block to the front block. Plus add to that the loss of rental income...

Thanks MTR, tried to sort it out with Council, it's a no go, only way would be to go to SAT. I'll give Elite a ring, get an idea of where I stand. This is my first development. thanks Dave

Does anyone know of good commercial brokers in WA? If they're good I suppose it doesn't matter where they are :)

Hi LoeT, our brokers are experienced in commercial lending, not sure how much experience, they often deal with larger projects than mine. They have explained to me that they are using examples of recent loan applications to justify their reasoning to me. However I may ask around and see what...

thanks for your time and reply. 1. We've not even started talking to banks yet, this is the PM's brokers telling me how many pre-sales we have to do. 2. We could wait, however were we need $300K cash, we'll never be able to get that kind of money. 3. The option were most interested in...

Hi everyone, we recently got the DA and WAPC approval for a block in WA. It's to build 2 multi-dwellings, each holding 3 units each (2x2). Unfortunately the DA states we have to knock down the existing house and build all 6 units at the same time, yet the WAPC says we can keep the front house...