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  1. reeco

    Looking for a Development site that makes no profit??

    Well theres one thing we can agree on. There marketing is full of s**t. Made me want throw up actually. I despise spruiker websites. With a passion...why is it that they all have the exact same layout?? You dont need to link jenman aswell. No-ones a bigger critic of mcknights work then i...
  2. reeco

    Looking for a Development site that makes no profit??

    :) one part of the puzzle. Im in building and i work with a certain product that makes building cheap and very quick. Are you still pursuing this savanna? sounds interesting. Love how property makes one think outside the square... My plan includes looking at other peoples plans to see if my...
  3. reeco

    Looking for a Development site that makes no profit??

    Certainly. The modest are here to learn. The not so modest...well we all know what they think;) Special Id rather let it run its course and then share. Even if it doesnt work. At the mo im apart of Mr Mcknights RESULTS program so ive got some decent heads in the background helping out. It...
  4. reeco

    Looking for a Development site that makes no profit??

    Yay big clap for PB. Hes so special. Happy for you. Honest. 0% is relevant bud. You see those 2 question marks at the end of the title?? Its a double ask which implies that what you percieve as 0% i might see as 100% I not asking for your opinion on my strategy your highness. I asking if...
  5. reeco

    Looking for a Development site that makes no profit??

    Why do bird dogs and real estate agents exist? Who said i wasnt trying to find profitable sites? Thanks Michael: You hit the nail right on the head. Id love to share but i knew i would get responses like PB's. When your different people LOVE to shout you down or ridicule you for there own...
  6. reeco

    Looking for a Development site that makes no profit??

    Who said i was losing money. How do you know PB...but thanks for the heads up on the advanced ridicule. Hope it makes ya feel special about yourself buddy. Anything else you wanna say? Dont stop there please....
  7. reeco

    Looking for a Development site that makes no profit??

    Funding not a problem also.
  8. reeco

    Looking for a Development site that makes no profit??

    Certainly there would be a ton of potentially no profit sites. A given. Hard to explain but again. Method to the madness. I wouldnt take any site. It would have to go through my list of inclusions/exclusions also. The title of the thread is just a baseline for my investing strat
  9. reeco

    Looking for a Development site that makes no profit??

    Method to the madness ;) The sites im looking for would be profitable, but only to me. Ive got a different kind of feasibilty study :) I see an oportunity where others dont it seems. Its tricky though and involves family. But is all above board.
  10. reeco

    Looking for a Development site that makes no profit??

    Different regions is what im comparing. SOR NOR. As with most things i speak in general terms. The asking price is a given, It could be a billion dollars. I understand ecomomies of scale and the like very well. Its still a contrast that can be observed. Entry point into the market is more...
  11. reeco

    Looking for a Development site that makes no profit??

    Ive found that strange about perth. The generalisation is that If your NOR one tends to know little of SOR and vice versa. Anything really. Even land on Septic.(Good money to be made there. People love a real loo) Properties on Septic can be cut down very easly price wise. Im no...
  12. reeco

    Looking for a Development site that makes no profit??

    Cheers. Now i know why i stay away from the north. Cost is kinda through the roof. You can get some great deals for 850,000 in the south. Massive it seems in comparison to that. Is this your property Chomp?
  13. reeco

    Looking for a Development site that makes no profit??

    Yes. Not a problem. You just do it in stages. If its a 8 unit site you just stagger it. Alot of developer rules wont apply to my strategy. Ive sorted that side out. I just need the site/s Would love to go north but not my area of expertise. Might punch in the places you mentioned and see what...
  14. reeco

    Looking for a Development site that makes no profit??

    So the standard call for developers is that they have to have a margin of 20% for it to be feasible. No developer would go under this number. Some wouldnt look at it even if it were 20% Im looking for anyone who has done a feaso study and has come up with numbers inbetween 0% and 20%. Im even...
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