From the desk of Colm Dillon ...
Author
"Residential Development Made Easy
For your development project to be successful every element must be planned carefully.
Buying land for development is just one intergal part of that planning process; however it tends to be the focus of most start-up developers.
Before starting the process of selecting and buying land for development, you need to decide who or what legal entity is going to buy the land. For instance is it going to be in your personal name, in you and your partner's names or a company name.
Answering that question is important because you need decide who or what entity is going to borrow the money to purchase of the land, but also borrow the money for the total development.
Each individual’s personal circumstances are different. Add to that the different States or Countries in which we live, and and you can see that they are many permutations to be determined before you can answer that question.
These decisions are fundamental to your work as a developer. After all we are developing to make money and setting up your structure correctly ensures that the money you make is tax advantageous.
My best advise is to investigate and engage a good property accountant, a good property lawyer and a good property finance broker.
Notice I have bolded the word property against these three professionals. Please understand that in any profession, there is the need to specialize.
I mean you would not get the best advice from a lawyer who mainly did family law, now would you. What's the answer? Before appointing anybody ... interview them ... after all you are about to base your future on their advise.
Have your personal and or company financial details clearly set out and in particular have your 'wealth plan'defined so you can brief each of these professionals.
Don't do you thinking in front of them. It wastes time; is unprofessional and costs you money. The better the quality of your preparation ... the better the brief you will leave with them.
Except for the Finance Broker, they all charge by the hour.
Please - please - please; if your best friend or Aunt Mary's next door neighbour is a lawyer, accountant, broker - don't engage them! Or if you want to go in that direction, interview them and ensure they have the correct property background.
Residential Development Made Easy goes into more detail as to how you proceed with these professionals and determine which entity actually buys the land; borrows the money; develops it from the greatest tax advantage to you and protects you legally
Let's Get Control of That Development Land
So your plan is progressing. We know who or what entity is going to buy the land. The next point to consider is what 'tool' are we going use to gain control of the land.
You'll see as you progress through the development process, you need to build in as much flexibility 'for you' as you can.
We haven't got there yet, but eventually you'll need to made an application to the local authority in order that you can build what you want i.e. 4/6 townhouses, apartments etc. What happens if the
authority says 'no.'
Do you still want to buy the land? I don't think so!
So in this part of Residential Development Made Easy I talk about the various strategies you can adopt to gain control of the land the correct way.
Time To Find That Development Land
One of the things you'll discover in my eBook, is that you can do several
development activities at the same time.
One of the 'Activities' I tell you to do "well before" any of the above action steps is to do your market research ... yes, I tell you how to go about it!
Is it important? ... Multi million dollar corporations spend 'millons' on market research ... if it's good enough fore them to do it, I think it's more than good enough for you as well. It's professional ... it's necessary ... and it's in your financial interests.
You can do this kind of research before you spend a 'dollar' of your own money ... you can do it in fun way ... but with a method behind it ... all explained in Residential Development Made Easy.
From that data base you'll know what type and size of accommodation product you want to develop. You'll finally also determine what is the total 'make-up' of your development.
OK, every authority has different development rules. You should go to the
Authority's offices and find out 'the rules' for the type of land you want to buy.
Architects know these rules ... ask them to explain to you the quick 'easy' way to determne a development site's capacity!
I give an easy example in my eBook ... how to assess the number of residential accommodation 'units' you can develop on a particular land site ... from the front seat of your car. All this impacts on your development costs.
Buy land for $100,000 and put eight units - houses, whatever, on it the land cost per unit is $12,500 per unit. If you local authority says No and only allow you to put four units on the land ... that looks like double yourcosts to $25,000.
Development Land Negotiation
Only you know if you can 'Do It Yourself!'
Well, Can you negotiate directly with the Seller of the land? It's the one I use myself ... but is it for you?
It's you choice ... if you go my way, my eBook gives you a 'word for word' script. Even if you don't do it yourself, you need my information to be able to manage the person who does it for you.
Plus other options.
The Contract to Buy The Land
In Residential Development Made Easy I address this subject in great detail.
You need to know the detail of Contracts for the Sales & Purchase of property.
In two sections of my eBook I give a 'blow by blow' detailed explanation of how to ensure your contract is prepared correctly for what you want to achieve.
To emphasise how important your understanding of the Contract is, let me just say this to you.
After you have completed all your market research, talked to your accountant, lawyer, finance broker, many real estate agents, found the property and successfully negotiated the purchase ... you then have to design your project and make application to the Authority for permission to develop.
This is the point: (read that last para again)
After all that work, time and money spent, the only thing that connects you back to the land you want to develop is a 'bunch of paper' called a Contract.
The words on the Contract should ensure that, if you get your approval to develop, that the Seller can't change his/her mind and not sell you the land.
Got It?
By that time you've invested a lot of time & money ... by getting an approval to take a property from its current position, say one house, to four townhouses, you have increased its value Subsantially.
If your contract is not correcly worded and the vendor can 'get out' of the contract, then the value increase you have created passes to him/her.
This is not a Happy Experience ... read Residential Development
Made Easy and be aware of what to do.
Oh Yes, I almost forgot. If you decide to negotiate the purchase of the property yourself, I take you through a special session on Contract Presentation to the Seller ...
By definition, there's a 'right way' and there's a 'wrong way.'
Life is full on these decisions ...
'turn right and you're successful,' or 'turn left and you're on your way to trouble'... 'learn the right way and be successful,' or 'keep flying blind
and learn from the school of hard knocks.
About the Author
Colm Dillon author of "Residential Development Made Easy," the only 'How To' Become a Developer eBook, selling in 63 Countries; he has developed $1.2 Billion worth of real estate - read more on his web site: http://realestatedevelopmentcoach.com/realestatedevelopment.html
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Power of a Positive Attitude by Shannon Herod
Power packed linking strategies - part one by Tony Cooper
Power packed linking strategies - part three by Tony Cooper
Power packed linking strategies - part two by Tony Cooper
Powerful Considerations when Starting Your Own Business by Gobala Krishnan
PR Still a Mystery to Some by Robert A. Kelly
Practical Steps of Enchantment by Dr. Barbara Becker Holstein
Practical Ways to Bring Enchantment into Your Life by Dr. Barbara Becker Holstein
Practicing, "Bringing Generations Together" by Don Schmitz
Professional Home Decorating Is In the Details by Lisa Spaulding
Profiting From Writing Your Own Ebook by Greg Hayes
Promoting Your Business with Copper Wire? Think Again. by Stone Evans, The Home Biz Guy
Psychic Angels by Skye Thomas
Psychological Encouragement by Michele Gauvin Alley
Puppy Love by Wendy Yeager
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Radio Interviews - How to get them by Ben Botes
Raising Money for Your Company by William Cate
Ramp up your newsletter to build a strong business by Barbara Saunders, Newsletter Associates
Reach Out To Touch Billions by tony dean
Reaching for the Brass Ring by Chas Brothers
Reading the Manuel by Joyce C. Lock
Reasons for individual, corporate and national success and by Diane M Hoffmann, Ph.D
RECIPE FOR ENCHANTMENT - THE THREE R's: Remembering the Best, Restoring Yourself, Rapture by Dr. Barbara Becker Holstein
Rediscovering Love and Intimacy by Margaret Paul, Ph.D.
Reduced Fat Meat Loaf by Dr. Donald A. Miller
Reflections by Rita Ballard
Relationship Networking by S. Housley
Reliving The Music Of The Seventies by Wendy Yeager
Remember To Pull Them, Don't Push Them by Kirk Bannerman
REPLACING YOUR OLD WOOD DOUBLE HUNG WINDOWS by John Rocco
Retirement Planning the Offshore Way by R.L. Williamson
ROMSOURCING ROMANIA SELECTS OPEN-TELECOM TO DELIVER E-CARE SERVICES by Alexandru Petrea
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Save America, Vote for Anyone but Bush! by Gary R. Hess
Save Money and Reduce Fat by Dr. Donald A. Miller
Scales are for fish, not weight loss. by Dr. Jeff Banas
Search Engine Optimisation on a Shoestring by Amanda Vlahakis
Secrets to Selling Consumer Electronics Online by Margaret E. Booth
Seducing with Hygiene by Pankaj Saini
See No Google, Hear No Google, Speak No Google by Michael Cheney
Seeing Purple: On Pens and Paying Attention by Maya Talisman Frost
Selecting a Cell Phone by Deryck Richards
Selecting a Laptop by Deryck Richards
Selecting a Personal Digital Assistant by Deryck Richards
SELL A BUSINESS - DEAL STRUCTURE AND TAXES by Dave Kauppi
SELL A BUSINESS 10 STEPS TO MAXIMIZE SELLING PRICE by Dave Kauppi
Sell Your Love by Skye Thomas
Selling for Beginners by Ben Botes
SELLING YOUR BUSINESS FOR THE BEST PRICE by Dave Kauppi
SELLING YOUR TECHNOLOGY COMPANY - WHY EARNOUTS MAKE SENSE TODAY by Dave Kauppi
September, 2004 - How to Take a Break from Leave Administration when Implementing a Telecommuting Model by Sanet Janssen
Serious Dieting Tips, Humorous Explanations by David Leonhardt
Sermon in the Weight Room by Tony Papajohn
Setting up a Network -- Wired or Wireless? by Deryck Richards
Seven Strategies You Need to Know About Strengthening Your Self-Esteem by Carol Dickson-Carr
Shades of Grey by Nan S. Russell
Should You Pay to Join a Business Opportunity? by Vishal P. Rao
Sick of the Traditional Publishing Path? by Judy Cullins
Six Steps to Creating Online Presentations for Telephone Selling by Roger C. Parker
So, My Child Has Been Recommended for Testing - What Do I Do Now? by Sandy Gauvin
Software Companies: Generate new revenue streams and decrease costs with custom e-Learning content by Synapse SE
Some Villain Thoughts About a Container Village by Iulia Pascanu
Soy Recipe: Hearty Miso Soup Meal by Dr. Donald A. Miller
Spiffy Life Sayings by Marilyn J. Tellez, M.A.
Spiritual Skepticisms by Judi Singleton
Spouse or a House Povar asks? by Paulette Povar
Spring into Spring by Lorraine Pirihi
Starting your Own Autopilot Home-Based Business by George Papazoglou
Step On To A Larger Stage by Tony Papajohn
STOP THE WORLD I WANT TO GET OFF! by Victoria Elizabeth
Success at Work : People Skills : Networking by Stephen Bucaro
Success Is a Choice © by Deborah Cole Micek
Supplements and Drugs: A Hazardous Combination by Marjorie Geiser, RD, NSCA-CPT
Surviving September: The Dietary New Year by Will Clower, Ph.D.
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T by S
Take the Logo Litmus Test by Maya Sunpongco
Taking in the Good Criticism and Leaving the Rest Behind by Gary R. Hess
Tap the Ultimate Source of Abundance: How to Put More of YOU into Your Business by Amanda Murphy
Tech Heads Should Build Software for the Average Person by Jesse S. Somer
Tech Support email Writing Exposed! by Diane M Hoffmann, Ph.D
Techniques to Help e-Learning by Catherine Franz
Ten Breakthrough Marketing Ideas by John Smith
Ten Tall Tales of Traditional Marketing # 1 by Jimmy Vee
Ten Tips for Cross Cultural Communication by Neil Payne
Ten Top Reasons To Give Gift Baskets! by La Tunya Sifford
Ten Ways to Cut Marketing Costs by Christopher
Terrorists... Who are they really? by Gary R. Hess
Test Your Professional Behavior by Gerri D Smith
The #1 Secret to "Online Wealth" Creation is... by Bob Mobino
The 12 commandments of publishing a membership website or online newsletter by Peter A. Schaible
The 6 "secrets" to Sales Success by tony pola
The 7 Pillars of Business Phone Etiquette by Neil Payne
The 7 Ultimate Laws Of Success by Angel Low
The 99 Percent Rule by Greg Reid
The art of surfing by Jakob Jelling
The Author Within by Esther Smith
The Benefits of Emotional Intelligence by Susan Dunn, MA, Emotional Intelligence Coach
The Benefits of Online Portfolios by Jesse S. Somer
The Best Time to Inspect - Part 1 by Wally Conway
The Best Time to Inspect - Part 2 by Wally Conway
The Better Behavior Wheel - A New Kind of Calm in the Family by Gina Ritter
The Cyber Lothario by Kathryn Lord
The Do's and Dont's of Creating Business Partnerships by Andrea Pellettiere
The Easiest Most Effective Saving Method by Jeff
The easy way to create your website. by Mark White
The Evolution of Man - The History of Hunting by Rebecca Blain
The Evolution of Technology - The History of Computers by Rebecca Blain
The Exotic palace Hotels of India by Mark Patrick
The Gov't Wants You To Be Fat by Maya Pinion
The Growing Trend in Business Networking by Andrea Pellettiere
The Hidden Costs of Medicare in 2006 - An Analysis by FixMyHealthcare.com
The history of Printer Ink Cartridges by Keith Kingston
The Holiday Shopping Experience - Rewarding or Traumatic? by Lee-Anne Robert
The Hospital Waiting Room Revisited by Susan Dunn, MA
The Importance of Balance by Staci Stallings
The importance of feedback in improving your sales, site and software. by Michael Wall
The Importance of Massive Action by Kelvin Scoon
The Internet and Tom Robbins are both windows into new realities by Jesse S. Somer
The Internet could be a beacon of light when all seems hopeless. by Jesse S. Somer
The Internet: Helping You Find Friends Lost in Time and Space by Jesse S. Somer
The Key ingredients for success with your own home based business! by Veronica Bath
The Latest Airsoft Trend: Sniper Rifles by John Schwartz
The Logic of Emotion! by Wally Conway
The Magic of Design by Melody Foster
The Maharishi Ayurveda Approach to Allergies by Nancy Lonsdorf M.D.
The Maharishi Ayurveda Approach to Weight Loss by Nancy Lonsdorf M.D.
The Marathon Monk by Tony Papajohn
The Mid-Life Challenge: Make a Plan to Re-ignite Vocational Passion by Craig Nathanson
The Most Important PR In America by Robert A. Kelly
The Need For Speed In Soccer by Neil Stafford
The Nitty Gritty to Soccer Safety by Rebecca Blain
The Power of Buzz by Susan Friedmann, CSP
The Power of Healthy Words by Patricia Wagner
The Power Of Scrapbook Journaling by Elaine Clay
The Problem with Partials! by Wally Conway
The question of spy-ware and junk on the internet by templatemagic.net
The rising popularity of windsurfing by Jakob Jelling
THE SECRET 3-STEP FORMULA TO GUARANTEE YOUR SUCCESS - Online & Off. by Dr.Mani Sivasubramanian
THE SECRET KEY TO PERMANENT WEIGHT LOSS! by Dr. Jeff Banas
The Secret Of Silver Jewelry by George Ahrens
The Secret To Mining Online Gold Using The Hidden by Ebong Umana
The Seven Keys to Successful Offsite Meeting Management by Andrea Pellettiere
The Shakuhachi: What is it? The place to find out is that fountain of knowledge called the Internet. by Jesse S. Somer
The Stampede Secret of Marketing Using RSS Feeds by Laura Childs (c) 2004 www.smartzville.com
The Success Formula Revealed by Pamela S. Eldred
The Top 10 Benefits of Spiritual Environmental Design by Bea Fields
The Top 10 Design Tools for Enhancing Your Spiritual Connectedness by Bea Fields
The Top 10 Secrets of Successful Authors by Judy Cullins
The TOP 5 things that keep you from success. by Emmanuel SEGUI
The Truth About Paid Online Surveys - A Question and Answer Session by Chris Ohlson
The Two Reasons to Take Your Company Public by William Cate
The Word "Love" is Overused in Todays Society by Gary R. Hess
The World's Most Beloved Sport - The History of Soccer by Rebecca Blain
THINGS PERFECTLY NORMAL BEASTS DO by Victoria Elizabeth
Things to Watch Out for When Dating Online by Jonathan Striem
Three Cost Effective Ways to Get Bumper-to-Bumper Traffic Using Your Vehicle by Mike Snyder
Three Sure-Fire Ways To Lose Weight Get Healthier & Feel Great Without Dieting by Paul Wilson
Time and your Internet Business by John Pryor
Tips for first time home buyers by Ajay Pats
Tired of chemical ingredients in your cleaning products? by Kristen Voegeli
To anyone who has tried to start an Internet business................. by Steve Ellis
To Test or Not To Test - That Is the Question by Sandy Gauvin
To the Citizens of Kansas by Gary R. Hess
To the next level with Google Groups 2 by Jakob Jelling
Today, While I Surfed the WebThursday, August 26, 2004 by eRix
Top 10 Reasons Why Conservatives Love George W. Bush by Peggy Butler
Top 5 Credit Misconceptions by Cindy Morus
Tracking Offline Advertising Success by Measuring ROI by Stone Evans, The Home Biz Guy
Train Your Dog With Respect by Wendy Yeager
Travel Industry Trends and Predictions 2004 by Bryan Wilson
Treatments that offer hope to hair loss sufferers by Richard Mitchell
Trust Starts with You by Margaret Paul, Ph.D.
Truths about Diet, Obesity, and $75 Billion by Dr. Donald A. Miller
Try a Website for Free!1! by eRix
Turn One-Time "Hits" Into Repeat Visitors by Jim Edwards
Turning yard waste into gold. by Steve Enlow
U
Unconditional Love by Judi Singleton
Uncovering Your Skin by ChaChanna Simpson
Understanding Custom Server Controls in ASP.NET by Balaji
Understanding The Report by Sandy Gauvin
Understanding Why Your Child Has Been Recommended for Testing by Sandy Gauvin
Universal Success Secrets Shared by Greg Reid
Unlimited Wealth Creation Through Reseller Hosting by Ninad Gupte
Using Anchor Text Efficiently by Jason Rickard
V
Video Services by John Ingalls
Viral Marketing Technique Creates a "Chain Reaction" with One-Time Action! by George Papazoglou
Visibility, Credibility and Position Through Articles and Celebrity Testimonials by Kathleen Gage
Visualise your way to home business success by Ian Canaway
Vitamin B-1 by Dave Snape
W - X
Waiting For The Cut by Robert Levin
Wake Up to the Life You Love by Gregory Scott Reid
Warm & Toasty Outdoors with Patio Heaters by Nicholas Webb
We Are the Five People We Associate with Most by Greg Reid
Weathering Colic for New Parents by Jason Rickard
Weighing the Options by ChaChanna Simpson
Wellness versus Ignorance by Dr. Donald A. Miller
What Are Angels? by Judi Singleton
What Are Negative Calories? by Tanya Zilberter, PhD
What are the common hair loss causes? by Richard Mitchell
What Do I Wear To Play Paintball? by Andrea Wilson
What does Meditation music do to you? by Werner Boersch
What is "Confianza" and Why is it Important? by Anthony Griffin
WHAT IS "GUERRILLA P.R." ANYWAY? by Michael Levine
What is an Acceptable Response by S. Housley
What is an affiliate program and how can it make me money? by Lori Redfield
What is Blogger.com? by Jakob Jelling
What is Froogle? by Jakob Jelling
What is Gmail? by Jakob Jelling
What is Google AdSense? by Jakob Jelling
What is PageRank? by Jakob Jelling
What is second mortgage? by Ajay Pats
What is snowkiting? by Jakob Jelling
What is the Google Dance? by Jakob Jelling
What is the Google Sandbox Effect? by Jakob Jelling
What is The Google Toolbar? by Jakob Jelling
What is White Noise? by Jason Rickard
What is with all these Gurus? by Jim Hoffman
What Is Your Legacy of Success? by Kathleen Gage
What Makes a Translator? by Brett Jocelyn Epstein
What started it all - the History of Volleyball by Rebecca Blain
What To Do When Successful Training Fails by Anthony Griffin
What Will I Learn Today? by Tony Papajohn
What you need to find success Online The Easy Way! by Damon Smith
What you should know about Volleyball Safety to make the most of your play time by Rebecca Blain
What's a Blog Anyway? by Susan Dunn, MA, Marketing Coach
When children are asking for love by Don Schmitz
When Internet Marketing Gurus Sell Their Souls by Gobala Krishnan
When You Attract Negative People, Be Thankful by Catherine Franz
Which PR Is Right For You? by Robert A. Kelly
Who Has Time To Relax?! by Lakeysha Green
Who Is The Inner Critic? by Skye Thomas
Who Wants To Be A Millionaire? © by Deborah Cole Micek
Why "Toughing it Out" on a Bad Job Is a Bad Idea! by Marilyn J. Tellez, M.A.
Why all the excitement over Poker? by Tom Howze
Why and How to Work with a Consultant by Bryan Wilson
Why Diets Are A Waste Of Time & Money - What You Can Do Instead by Paul Wilson
Why Marketing Fails: Situational Marketing 101 by Amanda Murphy
Why Most Affiliate Marketers Fail! by Dan Farrell
Why Range Finders are Perfect for the BackCountry by Chuck Fitzgerald
Why Resources Added to a Web site Increase Revenue! by Vishal P. Rao
Why Should I Buy your Book? by Judy Cullins
Why There Are No "Secrets" To Success. by Yvonne Finn
Why You Must Get In The Software Industry Now? by Mike Chen
Why You Must Get In THe Software Industry Now? by Mike Chen
Why You Should Switch To A Fast Internet Connection by Rick Rouse
Why Your Brick-and-Mortar Biz Needs A Website by Kelly Kyrik
Why Your Sales Copy Should Be Written As If It Will Never Be Read At All! by Brett Laffin
Will further release of studies on Paxil force GlaxoSmithKline to settle? by Online Lawyer Source
Winning Lotto - 10 Things You Absolutely Must Know Before You Buy Another Lottery Ticket by Terry Fisher
Working At Home And Time Management by Terry Stewart
World Class Heart by Tony Papajohn
World Series of Poker Mania by Tom Howze
WOULD YOU LIKE TO FEEL TWENTY-ELEVEN? by Terry L. Sumerlin
Writing fiction can be fun too! by Gary R. Hess
Y - Z
You Can Lose Weight on a High Carbohydrate Diet by David Snape
You will Regret this for the Rest of Your Life. by graham and julie
Your Best Bet by Bill Dozer, SBR Analyst
Your Computer May Be Infected. Here's how to check.. by Fazly Mohamed
YOUR FAMILY BUSINESS AND YOUR ESTATE by Dave Kauppi
Your niche on the Web by Stephen Cope
Your Own Home Business - Dream or Reality? by Craig Binkley
Your Own Personal Online Shopper by Jim Edwards
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