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Type: Posts; User: DaveW

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  1. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Yes. Spend 3 months refamiliarizing with values...

    Yes. Spend 3 months refamiliarizing with values and agent contacts. You can buy vacant or under rented or partially rented and reconfigure, increase lease terms thus not only increasing rents but...
  2. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Keep us updated. Even if it is on Davos thread :)

    Keep us updated. Even if it is on Davos thread :)
  3. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Yes better to be on site. You will then address...

    Yes better to be on site. You will then address the problems in real-time and the build will be done quicker at less expense.

    First you get quotes for everything. When you get quotes it's not...
  4. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Where did you get your budget figures from ? ...

    Where did you get your budget figures from ?
    With procurement presumably you mean to have a design done first and then consider bids from competing building contractors.
    The problem with this is...
  5. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    What is the figures for procurement approach and...

    What is the figures for procurement approach and what are your projected margins ?
    Have you already bought the land ?
  6. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    How about "you make your money during due...

    How about "you make your money during due diligence". Is that better, or worse? Or "you set your profit margins and exit strategies during DD".

    I would rather not be too direct commenting on...
  7. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Residential construction is a commercial activity.

    Residential construction is a commercial activity.
  8. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    You're the one who changed the discussion from...

    You're the one who changed the discussion from John Bolton's construction to PI and now back again to construction?

    *sigh*

    Do you still not see he failed at the buying process ? 8%, are you...
  9. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Who said anything about pre-paid in full If you...

    Who said anything about pre-paid in full If you decide to spend the money on construction straight away then that is your decision. If you want cash in the bank from subdivision prior to settling...
  10. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    We are talking here construction. If John Bolton ...

    We are talking here construction. If John Bolton had pre-sold 90% prior to settling on the land and the vendor left money in the deal then don't you see there's money made before construction even...
  11. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Actually before you settle you should always aim...

    Actually before you settle you should always aim to have
    1) cashflow inwards
    2) delay outwards
    3) discounted outwards.

    John Bolton achieved one of theee with his pre sales.
  12. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Buy a value-add commercial property?

    Buy a value-add commercial property?
  13. Thread: Davo Tries Again

    by DaveW
    Replies
    787
    Views
    155,362

    Did John Bolton factor in the costs before...

    Did John Bolton factor in the costs before settling on the land, perhaps the price of the land needed to be re-negotiated? Did he communicate his intentions with council during a feasibility study...
  14. Replies
    29
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    1,091

    Sounds like a popular property. Good luck. I...

    Sounds like a popular property. Good luck.
    I presume you did a viewing before the open homes started and that you were accompanied by an agent other than the listing agent.
  15. Replies
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    1,091

    Yes you could try that. Have you still not made...

    Yes you could try that.
    Have you still not made your offer ? You are losing your early advantage as time goes on. They've just had another weekend of open homes ?
  16. Replies
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    1,091

    Yes, by bringing the auction date forward means...

    Yes, by bringing the auction date forward means it will be sold prior to the advertised date
  17. Replies
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    1,091

    Absolutely not. The buyer cannot add any...

    Absolutely not. The buyer cannot add any conditions to a pre auction offer.
  18. Replies
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    1,091

    The vendor accepts the pre auction offer...

    The vendor accepts the pre auction offer conditional on their being no better bid at the new auction date, which is brought forward to 2-3 days from conditional acceptance of the pre auction offer.
  19. Replies
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    1,091

    No. That's a Tender.

    No. That's a Tender.
  20. Replies
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    1,091

    It's up to the vendor but yes absolutely all...

    It's up to the vendor but yes absolutely all registered buyers are notified. So the sooner you get your offer in the better so there are less registered buyers.
  21. Replies
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    1,091

    That's correct. They can "accept" the offer but...

    That's correct. They can "accept" the offer but the auction is brought forward to usually 48 hours and all other buyers who have an interest in the auction are then advised that the auction has been...
  22. Replies
    29
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    1,091

    Only if the vendor considers the pre auction...

    Only if the vendor considers the pre auction offer is at an acceptable level then the auction will be brought forward. Otherwise they can say nothing and continue to the advertised auction date.
  23. Replies
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    329

    Yes. 1 and 1a but check with your post office to...

    Yes. 1 and 1a but check with your post office to have it properly registered.
    Or just tell the pizza guy to deliver to the flat downstairs and leave the name of the pickup person.
  24. Replies
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    388

    I think you posted this in another thread... see...

    I think you posted this in another thread... see your other thread.
  25. Replies
    29
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    1,091

    you can only try your luck, the vendor might not...

    you can only try your luck, the vendor might not like public auctions, or they might get less at Auction when you see you are the only bidder. You will certainly put the vendor on the spot.
    If you...
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