Over the last couple of years I have seen friends and aquaintances change what develpment they are doing of course they are looking at return but not always.
S
Started a co-op business moved on to land subdivision at least 2 the whole box and dice put in roads utilities and selling off land for houses to be built on, brought blocks of land in different towns and built & sold new duplexes.
Brought a fish & chip shop and worked in it, then a second one, sold the shops worked as an employee in a grocery shop mainly as his daughter worked there on the checkouts after school.
He said you can only do nothing for so long...and he is sick of butting heads with the local councils and have holding costs blow out.
Aquired his helicopter licence and his daughter did so as well.
Now this year we find out he started a grocery franchise after the previous owners struggled when the new IGA opened in town. Haven't been able to catch up with him yet as he is at work most days.
Obviously he does not need to work.
J
Built mainly duplexes & held, helped his kids with property development and business. One kid is 28 with 3 X businesses related to autmotive industry (2businesses he started from scratch one he brought but had to learn a different trade in case employee was sick) son's partner also has her own business with 3rd child on the way.
Friend is over council BS and but he is slowly selling properties and rebuilding in SMSF and he will get a project home builder so he only has to deal with one person.
SS
Always worked additional job besides running their farm and brought IP properties as he could afford. Last two developments over 5 years was to buy 2 properties side by side in capital city and demolish or relocate house then build townhouses.
He is over dealing with councils and builders.
Most of these guys (and their wives) have the money to self finance now but find they are sick of council red tape and time delays.
BIL
Hired different professionals to design and apply for DA and build an industrial shed ( he even had an ex town planner) what a saga and the drama has taken 5 years and still not fully approved the council don't like his landscaping.
Me
We are having this year off I personally like to build new things but we are looking for a commercial property with good returns to buy, next year 2013 we will get serious if we can't find one thsi year.
One thing all friends have evolved, they have had a go at doing things.
Wouldn't it be good if you could have meeting with council officer and say I would like to build and industrial shed and during the meeting they rough out for you a diagram after listening to you OR explain why something will not work.
Timewise wouldn't it be good if you then put in your DA in and all relevant parties meet to discuss approval or changes needed to diagrams at the one time after all you pay for council time in your DA fees but their process is not streamlined!
Rockstar
What are your developer friends up to?
S
Started a co-op business moved on to land subdivision at least 2 the whole box and dice put in roads utilities and selling off land for houses to be built on, brought blocks of land in different towns and built & sold new duplexes.
Brought a fish & chip shop and worked in it, then a second one, sold the shops worked as an employee in a grocery shop mainly as his daughter worked there on the checkouts after school.
He said you can only do nothing for so long...and he is sick of butting heads with the local councils and have holding costs blow out.
Aquired his helicopter licence and his daughter did so as well.
Now this year we find out he started a grocery franchise after the previous owners struggled when the new IGA opened in town. Haven't been able to catch up with him yet as he is at work most days.
Obviously he does not need to work.
J
Built mainly duplexes & held, helped his kids with property development and business. One kid is 28 with 3 X businesses related to autmotive industry (2businesses he started from scratch one he brought but had to learn a different trade in case employee was sick) son's partner also has her own business with 3rd child on the way.
Friend is over council BS and but he is slowly selling properties and rebuilding in SMSF and he will get a project home builder so he only has to deal with one person.
SS
Always worked additional job besides running their farm and brought IP properties as he could afford. Last two developments over 5 years was to buy 2 properties side by side in capital city and demolish or relocate house then build townhouses.
He is over dealing with councils and builders.
Most of these guys (and their wives) have the money to self finance now but find they are sick of council red tape and time delays.
BIL
Hired different professionals to design and apply for DA and build an industrial shed ( he even had an ex town planner) what a saga and the drama has taken 5 years and still not fully approved the council don't like his landscaping.
Me
We are having this year off I personally like to build new things but we are looking for a commercial property with good returns to buy, next year 2013 we will get serious if we can't find one thsi year.
One thing all friends have evolved, they have had a go at doing things.
Wouldn't it be good if you could have meeting with council officer and say I would like to build and industrial shed and during the meeting they rough out for you a diagram after listening to you OR explain why something will not work.
Timewise wouldn't it be good if you then put in your DA in and all relevant parties meet to discuss approval or changes needed to diagrams at the one time after all you pay for council time in your DA fees but their process is not streamlined!
Rockstar
What are your developer friends up to?