Unlock the Cash in Your Backyard: Develop Your Unused Land Without Spending Any of Your Money

Unlock the Cash in Your Backyard: Develop Your Unused Land Without Spending Any of Your Money

by Iva Norris


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How many times have you examined your financial situation and wondered, ‘How do I find enough money to pay off my mortgage, afford a holiday, or pay school fees for my children and grandchildren?’ Imagine how easy life would be if you won the lottery, or found a stash of hidden treasure. You’d be able to afford everything your heart desires, and ensure your family is well taken care of. Imagine paying off your mortgage once and for all, taking that dream holiday you and your spouse have always talked about, or being able to contribute to your grandkids’ tuition.

It sounds wonderful, doesn’t it? Well, it’s all within reach – because you’re sitting on a gold mine. That’s right. You can come up with the money you so desire because there is treasure buried in your backyard.

This book presents detailed information for property owners who want to subdivide and develop their land, so they can free up much-needed cash for their future. It reveals the opportunities and pitfalls of subdividing and developing a block of land, and how to leverage what you have while avoiding common mistakes.

Product Details

ISBN-13: 9780648137177
Publisher: Grammar Factory Pty. Ltd.
Publication date: 05/30/2018
Pages: 316
Product dimensions: 5.83(w) x 8.27(h) x 0.66(d)

About the Author

Iva is the founder and director of Premier Property Developments, which specializes in local real estate investments and developments. She has also invested in property in the United States and Brazil.

Drawing on her vast expertise in vendor finance, property development, and buying and selling commercial and residential real estate, Iva wrote this book to help homeowners unlock the 'hidden treasure' in their backyards and achieve their financial dreams.

Table of Contents

Foreword 13

Introduction: Buried Treasure 17

Why you should consider subdivision now 19

A manufacturer of wealth 22

Three building blocks to financial freedom 26

Section 1: The Seven Step guide 29

Step 1: Define your strategy 31

Know your end goal 31

Is my land a match? 34

Discover your development options 39

Know when to cash in 46

Step 1 Checklist 48

Step 2: Get council buy-in 51

Learn about your council’s rules and regulations 51

Other requirements 58

Get your neighbours on board 60

Step 2 Checklist 63

Step 3: Assess your project’s viability 65

Create a concept design 68

Define your budget 73

Determine your tax requirements 76

Consider your exit strategy – cost and revenue 83

Calculate your ROI 89

Step 3 Checklist 94

Step 4: Secure funding 97

Option 1: Get a loan 97

Option 2: Use your own cash 103

Option 3: Do a joint venture 103

Step 4 Checklist 111

Step 5: Applying for your permits 113

The planning permit process 115

Tips for a speedy permit approval 120

The building permit process 126

Step 5 Checklist 129

Step 6: Working with your builder 131

Builders insurance 134

The contract 139

Site supervision 144

Step 6 Checklist 146

Step 7: Go to market 147

How to find a good real estate agent 147

Negotiating a deal 150

Renting your property 157

The finishing touches 158

Step 7 Checklist 160

Section 2: Meet Your Team 163

Meet your team 165

The accountant 167

The solicitor or lawyer 168

The town planner 170

The real estate agent 171

The property valuer 172

The land surveyor 174

The developer 175

The architect or building designer 177

The interior designer 183

The quantity surveyor 185

The building surveyor 186

The mortgage broker 187

The builder 190

The project manager 192

The engineer 194

The landscaper 196

The arborist 197

Section 3: Interviews with the Professionals 201

An interview with real estate agent Anthony Gunn 203

An interview with land surveyor Jeremy Pearce 209

An interview with property developer Andrew Lenox 215

An interview with architect John Herniman 223

An interview with accountant John Lombardo 231

An interview with lawyer Colin Adno 237

An interview with mortgage broker Leanne Watson 245

An interview with property developer and mentor Rob Flux 255

Conclusion: Building a profitable future 265

Glossary of terms 269

Helpful links 277

Appendix A: Expanded Feasibility List 281

Appendix B: Unit inclusions, room by room 291

Acknowledgements 309

About the author 311

Customer Reviews