PETER SKURR Triple Splitter Block. Current Deal… Not What You Think 1203m 2 3 bed 2 bath 3 lots Tennis Court!

Slides:

Advertisements

Similar presentations

MATT JONES Buy Reno Sell with a Twist. Current Deal… Not What You Think 647m 2 4 bed 2 bath Pool Rear access.

Advertisements

Finding Cracker Property Deals In A Hot Market Advanced Property Strategies Nhan Nguyen

STEVE WINTER CASA PROPERTY SOLUTIONS Finding Quality Deals I Find Profitable Property Deals For Investors.

Real Deal Adam Jones. A Bit About Me Born and grew up in Brisbane Did biotech and law at uni Practised law for 3 years Always loved property Full time.

Real Deal Ollie Hooper Director - The Vendor Finance Experts.

RUSSEL GRAY 1 INTO 2 LOT SUBDIVISION PROJECT 42 SAUL ST BRIGHTON Buy Demolish Subdivide Sell.

Chapter © 2010 South-Western, Cengage Learning Investing in Mutual Funds, Real Estate, and Other Choices Investing in Mutual Funds Investing.

Real Deal Duplex Development in Yeppoon With Ben Markwell.

Real Deal. \ How Did I Find It? Site Plan How Did I Secure It? Even Though It Was A 2 Week Tender?

CRACKER “Crack Den” DEAL. Deal Specifics: Splitter Block (2 Lots: 1 Title) House straddling both lots House: 2 bed, 1 bath, 1 car House: run-down with.

 Work with a partner and complete the problem handed out to you regarding the prices of tennis racquets. › Recall what we learned in the previous lesson.

I N V E S T I N V E S T Your business partner in Germany.

Introduction to Business and Marketing Chapter 32.1.

Real Deal Presentation… “Splitter Block” 99 Uplands Tce, Wynnum Qld 4178 By Jason Marianoff.

The Pitfalls Of Property Development How Not To Lose Your Shirt In Property Advanced Property Strategies Nhan Nguyen

© 2010 South-Western, Cengage Learning Chapter © 2010 South-Western, Cengage Learning Investing in Mutual Funds, Real Estate, and Other Choices 14.1Investing.

© OnCourse Learning Chapter 27 : Investing in Real Estate.

Brisbane Property Networking Group Monday 29th October 2012 Accounting and Tax Issues for Property Developers.

Structures for Investors Presented by: Kerrie-Anne Bailey KAS Tax & Business Solutions Phone: (07) April.

Trailers are for hauling livestock People live in homes & beer!

By Tamara Sharpe Accounting & Investing. Role in Real Estate The Real Estate role involves in a lot of options. Real Estate jobs such as the Real Estate.

Principles of Business, Marketing, and Finance Lesson Four

How do I know what price to pay? | |

Saving Homes, Saving Cities Solving the Mortgage Crisis Locally Processes and Cash Flows.

Managing Business Finance

Ch 19 Analyzing Income Producing Properties. 2 Outline  I. Advantages of Real Estate Investment  II. Disadvantages of Real Estate Investment  III.

Why Invest in Real Estate Presented by: Tony A Drost, MPM®, RMP®

Financial Plan Provides ‘E’ with complete picture of how much & when funds are coming into the Org- Where funds are going- How much cash is available &

MARYHILL LOCKS PHASE 2 NEW SUPPLY SHARED EQUITY INFORMATION BOOKLET.

Bell Ringer What is the total price of an item that is $102.30, if the sales tax rate is 6%?

Sale of Land for Overdue Rates and Charges A presentation to the 2012 Local Authorities Revenue Management Association Conference By Tim Fynes-Clinton.

Church Finances Rectory.  Cost of building our New Church ~$8,000,000  Balance due as of was $1,979,201  $2,200,000 Swap Loan Terms ◦ Balloon.

Chapter 22: Buying a Home.

Lesson 15: Financial Statements. Objectives Define the components of an income statement Define the components of an income statement Identify the line.

© 2010 by Cengage Learning Chapter 27/ Chapter 25 ________________ Investing in Real Estate.

Circular Flow Lesson 2, Activity 5 1. Give three examples of resource owners. Answers will vary, answer can be anyone who has land, labor, capital or entrepreneurship.

A Real Deal In The Current Market. How Did I Find It?

Financial Accounting Fundamentals

Understanding the circular flow of income. HOUSEHOLDS RESOURCE OWNERS Business firms Money payments Income payments Wages, Rent, Interest, Profits Consumer.

OUR HISTORY Hundreds of satisfied customers Honest and ethical Bought and sold hundreds of properties, since 2006 Delaware Valley’s #1 house buyer.

Using Real Estate Agents as Lead Generation Sources.

Chapter 13: Site Valuation. Approaches to Site Valuation  Direct sales comparison approach  Extraction method  Development approach  Capitalization.

19-4. Selecting a house  Real estate- Land and anything attached to it.  Mobile home Cheaper than buying a house Usually in a park with other mobile.

Fundamentals of Real Estate Lecture 8 Spring, 2003 Copyright © Joseph A. Petry

Def:It is an opinion of value rendered by an impartial person skilled in the analysis and evaluation of real estate Appraisals.

1. »Are vital because a business cannot exist without cash flow »Focus on the following: –creating up-to-date, accurate financial statements –making a.

Real Deal Rural Subdivision 1 into 3 With Ben Markwell.

How Transactions Change Owner’s Equity in an Accounting Equation The changes that typically effect the day to day activities within a business.

PREPARE THE FOUR FINANCIAL STATEMENTS 1. INCOME STATEMENT 2. RETAINED EARNINGS STATEMENT 3. BALANCE SHEET 4. CASH FLOW STATEMENT.

Search real estate listings through location with homestogoodowner.com. Browse to discover a house by budget, kind of property, kind of listing or variety.

FINANCIAL RESOURCES MANAGEMENT

Private Commercial Note Buyers You can sell a commercial owner financed mortgage note It is just like selling a promissory note on a residential property.

Planning for the Future

Bandit Sign Voodoo 25 High Response Direct Marketing Bandit Signs

FIN 467 RANK Knowledge--fin467rank.com

How Transactions Change Owner’s Equity in an Accounting Equation

How Transactions Change Owner’s Equity in an Accounting Equation

Transaction 6 August 12. Received cash from sales, $

LESSON 3-3 2/24/2019 LESSON 3-3 Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account Green.

Include your photo, your name, your company name and a logo

Chapter 27/ Chapter 25 ________________ Investing in Real Estate

ArkWright Communications

LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts

LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts

How Transactions Change Owner’s Equity in an Accounting Equation

LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts

How Transactions Change Owner’s Equity in an Accounting Equation

Sell Property Fast Cash

RECEIVED CASH FROM SALES

Transaction 6 August 12. Received cash from sales, $

Presentation transcript:

PETER SKURR Triple Splitter Block

Current Deal… Not What You Think 1203m 2 3 bed 2 bath 3 lots Tennis Court!

3 Lots on 1 Title

1 house with a tennis court

The Plan Purchase entire site on 1 title with 3 lots Register 2 lots on 1 title for the house & leave the spare vacant lot Sell the house on 2 lots Retain the vacant land to build on or sell in the future

Cash Out Cash In Purchase Price $630k Stamp Duty $22k Sewer $8k Register title $300 Fencing $3k Hold Costs so far $6k Expenses - $669,300 Sale Price of house and 2 lots $540k Minus  Agent $14k Net Sales Proceeds $526k Budgeted Numbers Land Owes Us $143k Land Valued at $330k Equity created in 3 months: $187k

Lesson Learned So Far…. 2 weeks leading up to xmas is not a good time to start marketing a property for sale! Being on a main road impacts on the price more than you might think Not all 3 bed, 3 baths are the same

Where to from here? New owner is an investor renting the house Vacant lot is on the market now. If no sale, the equity will pay for the DA to start the build Anyone want a tennis court??

Any Questions?

PETER SKURR Thank You