/biz/ fuckin listen m8. Portable housing.

>$20,000 AUD for contractors

hahahahahahahhaha

Ahhhhhhhhhhhhahahahahahahaha

HAHAHAHAA oh fuck,

Oh fuckin' hell. Don't even get me started with the rest

Well, guy, to start there is a VERY significant expense associated with sewage/power/water. 20k is not even the half of it.

2nd, no one wants to pay brick and mortar prices for a shitty track home.

>>1455917
i work in construction doing those types of jobs, i know for a fact that i can get that price

>>1455918
>2nd, no one wants to pay brick and mortar prices for a shitty track home.
i think people dont want to pay 200,000-300,000 for a normal home.

>Well, guy, to start there is a VERY significant expense associated with sewage/power/water. 20k is not even the half of it.

the idea is to buy a residiantal lot, but obviously it has to have those ultilities under the ground already. the only thing that needs to be done is to prep the area so that each service is ready to connect

So it's a trailer park?

>>1455926
>i think people dont want to pay 200,000-300,000 for a normal home.
But they do. All the time, religiously. I'm in real estate and the first thing a potential buyer asks is "who lived in it previously". Your answer is going to be, "Well, no one. I built it with the intention on turning a quick profit" and they are going to walk from the deal because they notice its an $80,000 portable home. The problem with an $80,000 portable home is that it looks and feels like an $80,000 portable home.

People are generally willing to pay about . . . $80,000 for said home lol.

The main reason the market in AUS is what it is right now is because the homes are built with solid, quality parts and good architecture. If you insert shitty china homes into the market, you don't get to charge near or even at market rates for a sub-market property. Additionally, the only way you are getting a vacant lot sold is with a massive, top shelf home on it. Its vacant because there is nothing around making it less than preferable to live in. That is what we call; Social Obsolescence. The cheap house itself serves as Functional Obsolescence. before you head down this road you should google those terms.

>>1455930
thats a good point.
but im sure there is a way to spruce up the place to make it feel less like a $80,000 portable home. like plants, gardens, mabye a lil pond or some paving or some shit. id have to do the paving myself though since that can get expensive.

>I'm in real estate
do you ever come accross the type of buyer who cares more about living in a cheap home over a 300,000 one? because i know im in that catagory and i think that others would think the same

>>1455932
> Social Obsolescence
> Functional Obsolescence
Typically, one of these is enough to reduce the appraisal value of the property by over 40%; let alone both.

>>1455932
will do

>>1455935
Yes. Because generally people dont have a few hundred grand to just sit around and they need to finance it. Banks are just not willing to front more money than a property is worth. Loan to Value ratio kills deals for one of the aforementioned points. The property WILL be appraised by a non-biased professional and he will rape the expected value because of the way it was built. Thus, the bank kills the deal. This would work for an all cash deal though.

>>1455942
>The property WILL be appraised by a non-biased professional and he will rape the expected value because of the way it was built. Thus, the bank kills the deal

fuck. well i didnt know that. are there many people who would buy houses with cash or there savings alone? i expect not many

>>1455949
I've done over two hundred deals, with maybe 3 cash buyers. All over 55.

Actually, now that I think of it. They might finance it if the guy has better credit than god himself. but i'd wager if he did, he owns a real home lol. But banks will loan anything to the right person. Albeit very very rarely.

>>1455952
looks like i have to rework my plan. thanks for the info

>>1455956
No worries, hopefully since this is literally my only topic of expertise I've helped you and any lurkers.

I am the Real Estate Clark Kent.

Tl;dr won't work

>>1455909

>6-18months for a house to be built

Fuck man, where I'm from it only takes 2 months tops to put up a house, and these are small time independent contractors.