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I use Shahin, Elite property shop, he is on SS just do a search.:)

That's fine. You should post your journey/blog on here, very interesting.

Prop Sounds like hard work. I suppose it comes down to what the estimated profits were and whether there was enough fat in the project to start off with? I am also building 4 townhouses in Melb and I am in Perth. I have a project manager who will be managing the project and will fly...

OK, can you clarify are you sub-contracting every trade??? or are you using a builder to manage the project with a fixed price contract??

Thanks for sharing, appreciate this. This is very interesting and obviously your business model is working well for you, I agree more than one way to skin a cat. Buy and holds would fade into significant when you can make much higher returns with less risk. BTW, I agree the buy and hold...

Very true, just left a couple of main players;) Lets go through the list though - REA - easy to deal with, flattery will get you everywhere:p Councils/Planning Dept - So far so good, but only dealt with Cockburn and Melville. I may change my mind if I had to deal with Stirling, heard...

I totally get it. My partner also had a business where he was at one point employing 18 people, very stressful, I was not involved in the business. DH got out of it 5 years ago now, one of his clients purchased and continued to operate this. Rewarding for some, not for us, with partner...

Sanj Do you have to put in lots of long hours and deal with lots of employees? Just curious really, could be very stressful

That's a hell of a long day at the bank:p

I agree, but not everyone wants to get their hands dirty;) Also, not everyone wants to sell down, I think this is actually probably quicker way to move forward. Once I started trading I realised I could take advantage of the cycles and reduce debt. OK, no one want to pay tax but its better...

Hi dajackal Don't want to rain on Leo's parade but just thought I would give you an insight. It will be dependent on your financial situation as it is not only the property that you have to consider when developing but also construction/holding costs. If you do not have adequate funds...

DT Just had a read of this So basically this strategy is buying as many properties as you can that are neutral/cash flow from the date of purchase, continue to accumulate and then eventually sell down to increase cash flow. MTR:)