📌 Unlock Financial Freedom: Free $20,000 Townhouse Masterclass! 🚀 Sign up for the FREE Fish subscription and access our $20,000 Townhouse Masterclass! Learn from industry experts and join a community of like-minded developers. 🔑 What you get: • Comprehensive modules on townhouse development • Digital templates & actionable checklists • Weekly live Q&A sessions • Members directory access • Private messaging • Supportive online community Start your journey today and secure your future. Click the link below to get started for FREE! ⬇ littlefishnetwork.link/free
Love the content Peter & Gavin!! I would love to know more about how the financing works. How much of the property and build cost is borrowed and how much cash deposit you need to make one of these deals stack up?? cheers :)
From the feaso looks like they are only funding the construction cost with debt and rest of the cost of $2.8m is equity funded. Why arent you guys leveraging higher? Also, if you did the ROI would be pretty low as interest goes up - is it worth doing these projects at
@@jjelelelelelwle Hey Jajaja! Thanks for the msg! We have found a sweet spot with the investors, paying for the land and soft costs with equity/cash and lending the build as a very straightforward way of doing things. It minimises holding costs and means we can get private lending VERY easily for the build with no valuers, quantity surveyors, etc! 👍🔥💪
Awesome content! Keen to learn more about how to optimise the finance side of things (e.g. equity releasing from other properties or renting out the existing house while getting plans and permits) - how do these things impact the bottom line and RoE
always very informative and helps broaden my knowledge and scope as a Building Designer in Melbourne, hope to be involved in more projects like what Little Fish does :)
Great work as always!.. It would be interesting to see what you and your community think about Victoria's incoming property tax hikes and what impact that may have on the construction/development sector going forward.
Hey JJ! It is still early in the process, so no builder has been appointed yet. That pricing is around $30K sqm; it would be a nice mid-spec... In saying that, if the re-sales permit, we will wind it up to higher spec and increase the budget. 👍👍
Cup holder - Glad to have you on board! We have a Network coming out the first week of March; there will be plenty of resources and guidance available in there!! Happy developing! 🚀
Hi Peter, so excited to hear all information you have provided with many many thanks. Can I ask what is about the project management fee in the soft costs column?
@@peterkellyofficial Hi Peter, thank you for your replying. Do you have your team in Queensland? We are in the stage of pre-purchasing and will need to find the reliable project management and builder soon.
📌 Unlock Financial Freedom: Free $20,000 Townhouse Masterclass! 🚀
Sign up for the FREE Fish subscription and access our $20,000 Townhouse Masterclass! Learn from industry experts and join a community of like-minded developers.
🔑 What you get:
• Comprehensive modules on townhouse development
• Digital templates & actionable checklists
• Weekly live Q&A sessions
• Members directory access
• Private messaging
• Supportive online community
Start your journey today and secure your future. Click the link below to get started for FREE! ⬇
littlefishnetwork.link/free
Honest, info. Good luck with the new podcast, Peter.🙏
Legend, thanks Gabrielle, I appreciate the support 🙏
Love the content Peter & Gavin!! I would love to know more about how the financing works. How much of the property and build cost is borrowed and how much cash deposit you need to make one of these deals stack up?? cheers :)
Hi Dion - Glad you are loving it, plenty to come!
We will make note of this and look to cover it in future episodes.
👍👍
From the feaso looks like they are only funding the construction cost with debt and rest of the cost of $2.8m is equity funded. Why arent you guys leveraging higher? Also, if you did the ROI would be pretty low as interest goes up - is it worth doing these projects at
@@jjelelelelelwle Hey Jajaja! Thanks for the msg!
We have found a sweet spot with the investors, paying for the land and soft costs with equity/cash and lending the build as a very straightforward way of doing things.
It minimises holding costs and means we can get private lending VERY easily for the build with no valuers, quantity surveyors, etc! 👍🔥💪
Excellent content. Will be watching every week. Thanks
I appreciate you stopping by and supporting the channel 🙏 Super excited for what's to come :)
Awesome content! Keen to learn more about how to optimise the finance side of things (e.g. equity releasing from other properties or renting out the existing house while getting plans and permits) - how do these things impact the bottom line and RoE
Hey Josh - Thanks for the comment!
We will put that on the things to cover in the coming weeks.
👍👍
always very informative and helps broaden my knowledge and scope as a Building Designer in Melbourne, hope to be involved in more projects like what Little Fish does :)
Cheers for the support, it's very much appreciated! 🙏
Great work as always!..
It would be interesting to see what you and your community think about Victoria's incoming property tax hikes and what impact that may have on the construction/development sector going forward.
We will get into that at some point soon! Thanks for the suggestion!! 🙏
High quality content as always
Thank you, sir, I appreciate the support 🙏😎
Who will be the builder? $1.77m for two $3m pricepoint townhouses seems low and would be more midrange finish no?
Hey JJ!
It is still early in the process, so no builder has been appointed yet.
That pricing is around $30K sqm; it would be a nice mid-spec...
In saying that, if the re-sales permit, we will wind it up to higher spec and increase the budget.
👍👍
Awesome episode guys, newbie here, would you have any resources you'd recommend when learning to create your own feasibilities?
Cup holder - Glad to have you on board!
We have a Network coming out the first week of March; there will be plenty of resources and guidance available in there!!
Happy developing! 🚀
Quality as always gents 👌🏻
Thanks legend 🙏🔥👍
Hi Peter, so excited to hear all information you have provided with many many thanks. Can I ask what is about the project management fee in the soft costs column?
Hi Cindy - Thanks for watching!!
That's Little Fish's fee to project management the entire project, it's 8% of the build cost. 🔥👍👊
@@peterkellyofficial Hi Peter, thank you for your replying. Do you have your team in Queensland? We are in the stage of pre-purchasing and will need to find the reliable project management and builder soon.
Hey Cindy - We are Victoria only at the moment!! You can join our Little Fish Network which will bring you a lot of value!! All the best 😀👍
@@peterkellyofficial Hi Peter, that is great! How can I join in to your Little Fish Network? I am keen to join in with your brilliant people! 😀🤗
Hi Cindy - Great news, see the link below!
Look forward to seeing you in there 👊
littlefishnetwork.com.au/fish
Great pod team!
Legend DC! 🙌
Hi Peter, will you add interest on land too? Cheers
Hi Pouria - For some clients we do, this particular client only lent the build!
Hi Peter , Thank your for content. Is the project management fee 8.5% of the total construction cost?
Hi Pouria! Glad you like the content 🤙
Yes the Little Fish PM fee for this particular project is 8.8% of the construction cost.
@@peterkellyofficial Hi Peter, I would like to know how do you calculate GST (Margin Scheme)in development business? Thank you
No worries, I could explain it.... but it is easier to Google 'margin scheme calculation'.
Good luck!!
@@peterkellyofficial Hi Peter, thank you for your hint. I learnt it . Cheers
🙏🙏🙏
Less go PK! 🤓
🤠💪 You guys concentrate on your channel 😜
Unreal!!
Go Harry! 🚀
Ripper👌
We just getting started Az 🚀🙏
Can’t wait. Might have to look at getting onboard… nice work Pete and little fish.🐟 🤟
@@aaronh4475 Less goo!!! ✊
Wish you guys could speak English. Square meters and not squares 😂
Sorry Pete - Bit old school over here!! 😜