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26/09/21

16:42

Post #: 56357401
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Originally posted by Joannie: ↑

I have just realised that the property at Bambun was one which I appraised many years ago.
I seem to recall that the reason it was so hard to sell, was that it had a covenant on it, forbidding any building etc within so many metres of the lake, which basically meant that there was little you could do with it.

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Originally posted by Justis: ↑

The property mention was not suitable for farming or grazing over 100 acres if I recall correctly had a house built into a large shed, was on the market for $1m

When looking at properties like that I would do the basics of a business plan, costs to set up, target market and potential revenue

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Originally posted by kingpins: ↑

There are various ways to buy property
An old system was vendor terms, or if the people are retiring, ie too much work for them you can buy on small deposit and make a balloon payment some time in future
BUT you must have a workable business plan with details of how you are going to make money before you start

But in the area that you mentioned is not exactly cheap land for a startup so to buy and make money would be IMHO almost impossible

Good luck with next weeks lotto

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Originally posted by Parsifal: ↑

lol. Funny
freud though might have had another reaction altogether

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