Presentation on theme: "Medcraf St, Park Avenue, Rockhampton QLD 4701 Real Deal Presentation RICHARD CLEMMEY 28/01/2011."— Presentation transcript:
Medcraf St, Park Avenue, Rockhampton QLD 4701 Real Deal Presentation RICHARD CLEMMEY 28/01/2011
The Real Deal a synopsis With the belief that I will Learn More by Doing, The Aim is To make money from a property deal requiring minimal owner presence, value adding through developing a site, either strata title, subdividing, perhaps getting to DA, then sell, with ability to derive an income throughout to offset costs. First up, find the right property...
The Production Budget PLAN Buy Price338600 Closing Costs24000 BUY TOTAL362,600 Reno8500 Holding Cost18600 Strata Title Costs14250 Total Cost of Owning403,950 Less: Rent (net)10660 SELL (WORST CASE) Unit 1 215,000 -Sell Cost6750 Unit 2 215,000 -Sell Cost6750 Expected Profit 23,450 Time Frame 6 Months!!
A three part play with too many intervals ACT 1 - BUYAct 2- Define the Process, Manage the Project Act 3 – SELL for a profit Selling REATenants (always on stage)SELLING REA BUYING AGENTLEASING AgentBUYERS Solicitor My SolicitorMy SOLICITOR MORTGAGE BROKERCadastral SURVEYORBank Settlements Dept Property InspectorINSURANCE BROKER Insurance BrokerRocky Regional Council Leasing AgentDEPT NR & WATER PAINTER, Plumber, Fencer Glazier (Shower Screen) Neighbours Set to a backdrop of fluctuating property prices. Plus a Distracted Lead character.
Programme for sale or... Do you always need a photo? ONE SOLD/ONE TO GO - AMAZING 2 BEDROOM BRICK UNIT ONLY $225 This is definitely the most powerful investment opportunity for both the astute investor & the smart home buyer a fantastic 2 bedroom brick unit -being sold individually -strata titled- at 72 Medcraf Street, Park Avenue. Just freshly painted inside. - Sensational central location- walking distance to Stockland Shopping Centre & close to Red Hill, Northside Plaza, Glenmore Shopping Centre, Uni, Emmaus College & Glenmore School - Ultimate affordability, low maintenance, excellent capital growth area & good rent returns - Brilliant first home buyers property, perfect for the retiree, the single parent, as well as couples & those attending the Uni, to name but a few - Fully fenced with their its own individual yard & personal garden shed - Big open plan living & kitchen as well as very spacious built in bedrooms
The Post Production Budget PLANACTUAL Buy Price338600 Closing Costs2400020416 BUY TOTAL362600359016 Reno850014500 Holding Cost1860050444 Strata Title Costs142508800 Total Cost of Owning40395073744 Less: Rent (net)1066027500 SELL Unit 1215000 (Worst Case)215000 (Pretty Good) -Sell Cost67507080 Unit 2215000 -Sell Cost67507160 Expected Profit2345010500 Time Frame 6 Months!!22 Months
Review Time Blow Outs come back to YOU the project Manager. Do the Numbers give a YES or NO? But do not get too comfortable, time waits for no one. Maximise the rent, whilst keeping fully rented (to suit plan). Improved understanding of the process, players and costs. – Inc. Finance, legals, tenants, Government, Supermodel tradies, REAs Inform the Team of the objective for a better result Step back to focus, the problems will lead to the solution. CONCLUSION: Active Learning improved understanding, leading to clearer and better defined objectives on future productions.