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Corsa Sport » Message Board » Off Day » House Day » Property Development » Post Reply
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Colin |
posted on 1st Dec 08 at 19:00 |
Just buy a few houses & rent them out if you've got cash to burn!! | |
a_j_mair |
posted on 1st Dec 08 at 18:18 |
as apposed to conversions i mean | |
a_j_mair |
posted on 1st Dec 08 at 18:17 |
new builds are by far the easiest and cheapest to build | |
Fad |
posted on 1st Dec 08 at 14:08 |
ut depends on whether you ae wanting to do new builds or refurbishments. | |
a_j_mair |
posted on 1st Dec 08 at 10:39 |
currenlty have 2 propertys up for sale with little interest | |
J da Silva |
posted on 30th Nov 08 at 21:04 |
Moe I think the prices will bottom out quite soon and people will buy again, if you could manage a 14-20 week development and rent them out until people buy again it would be ideal, we both know you could do it the cheap way until it picks up, build a few terraced to save on timber/bricks/slate/fascia's etc.. and just use other trades for stuff you can't do. | |
Mad Moe |
posted on 30th Nov 08 at 17:31 |
Have my own business doing small high qulaity developments in the NE of England andf to be honest it is quite easy to get into. The only advice I would give is make sure you get someone on board who you can trust to project manage it for you. I've seen many a wannabe developer with no building experiance think they know it all and become really unstuck. As for if it's the right time to get into the market only time will tell, I decided to shut up shop last December for a year and have only just started looking at sites again now and bearing in mind how long it can take to get a development off the ground I couldn't see me actually starting to build anything until Summer 2009 which most development lenders seem to think could be the turning point in the housing market. | |
deano87 |
posted on 28th Nov 08 at 09:59 |
tbh, if you have the cash to cover the entire project, there is no reason why you shouldn't build and have confidence - you'll get cheap labour, cheaper materials, cheap land. By the time it's built, just hope the economy is recovering a bit. Naturally, you need to sell before doing another project BUT in the current climate, simply rent it out and wait to sell. | |
J da Silva |
posted on 27th Nov 08 at 22:03 |
Yes, buying land and building to rent/sell, what in particular are you aiming at? | |
BluKoo |
posted on 27th Nov 08 at 19:42 |
Just wondering how long it will take for property prices to start recovering... quote: This isn't anything to do with a house. Its about investment. bah... already been moved... pppffft. [Edited on 27-11-2008 by BluKoo] | |
Matt H |
posted on 27th Nov 08 at 19:42 |
House day..... | |
daymoon |
posted on 27th Nov 08 at 19:37 |
i'd think buy now, do the property up, rent it so u get the mortgage paid.. | |
BluKoo |
posted on 27th Nov 08 at 19:30 |
Maybe a long shot, but i was wondering it anyone on here was involved in any sort of property development? |