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Land investors & Buyer's Agent reference

Discussion in 'General Property Chat' started by New2prop, 30th Jul, 2016.

  1. New2prop

    New2prop Well-Known Member

    Joined:
    26th Jul, 2016
    Posts:
    71
    Location:
    Sydney
    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.
     
  2. Beano

    Beano Well-Known Member

    Joined:
    7th Apr, 2016
    Posts:
    411
    Location:
    Brisbane
    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)
     
  3. New2prop

    New2prop Well-Known Member

    Joined:
    26th Jul, 2016
    Posts:
    71
    Location:
    Sydney
    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?
     
  4. MsAli

    MsAli Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,147
    Location:
    Sydney, Australia
    I would watch out for flooding..

    Talk to @Jacque
     
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  5. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,154
    Location:
    Canberra and Sydney
    Can't go wrong with either @Propertunity or @Jacque

    Cheers

    Jamie
     
  6. Beano

    Beano Well-Known Member

    Joined:
    7th Apr, 2016
    Posts:
    411
    Location:
    Brisbane
    Sorry i meant land only but with a buiding on it