Land investors & Buyer's Agent reference

1. Is there any one who invests in land? What factors do you consider when buying land?

2. Can you please share thoughts on buying land in Riverstone area in Sydney.

3. Anybody has a strong reference for a BA with REBAA registration. I am a first time buyer so appreciate your help finding the right people.

Thanks for your help.

 

Can't answer 2 and 3 but i have switched from purchasing residential, retail, office, warehouse, industrial ,service etc to purchasing land only
My suggestions are
1 read the lease thoroughly
2 ensure tenant has invested a reasonable amount of money in the property (the lowest in mine is about $250k to $28m) for ouf security
3 adequate yield as it may be a long time before the opportunity to increase the rent
4 adequate yield with good margin to cover loan
5 adequate $ volume to split the vauation cost at review time eg i try to ensure i have about a dozen units per block so the $4k valuation cost can be economically split
6 be patient with reviews ..mine are up to 12yrs
7 resist temptation to sell (offers of double what i paid i have received)

 

Hi @Beano , to clarify, my question was about investing in a block of land without a house or any construction on it to provide rental income. Keep it as land for 3-4 years and wait for the land value to appreciate. Have you done this?

I am sure some people would have done it like in Kellyville or Rousehill etc., 3-4 years ago and saw the land value multiply. Any thoughts from people who have done it?

 

I would watch out for flooding..

Talk to @Jacque

 

Can't go wrong with either @Propertunity or @Jacque

Cheers

Jamie

 

Sorry i meant land only but with a buiding on it