TRUWAY Real Estate and Its partner companies of TRUWAY Project and JLC Building Developments offers you a variety of
specialised Real Estate Property Manufactured Growth Strategies which are tailored to your circumstances, the steps below are critical in the process of developing growth strategies and gaining a return on your investment (ROI) when investing in property:
1. Investigate, evaluate and negotiate
TRUWAY believes in the principals of not rushing into a deal just because it looks good on the surface, we guide you through the complete investigation into the sale for home buyers, investors and commercial buyers. Each property has its own unique issue, therefore for TRUWAY to find the right deal for you we undertake:
2. Evaluate and negotiate
Have you already got your eye on a property or already have done your own searching? Are you still wondering if it’s a good deal? Have you done enough research? You don’t want to make a mistake, get caught out and maybe lose financially! ‘Evaluate the property potential and negotiate’ would be the ideal service
for you, as it includes property growth opportunities with a towner planner advice on your behalf.
As experienced negotiators, TRUWAY know the pitfalls you can come across as inexperienced buyers. We provide an impartial view on the properties true worth and remove your emotion from the negotiation process. With access to live property data (including RP Data, DSR, Residex, APM, Investar and more) we give you a detailed
evaluation of the properties including permissible growth strategies that suits your strategy and budget. Now fully aware of this knowledge we are armed to negotiate the best deal for you.
3. Bidding on Auctions Day
If the property is being auctioned we need to take the stress and emotion out of buying at auction? Emotions can overtake you on the day and you
could over bid and pay more than you were intending to pay! If you do not have your bidding strategy down pat in regards to the development strategy or are not experienced in the negotiating, you could end up regretting the result. It’s a pressure cooker environment that is nerve wrecking, it’s difficult to gain the upper hand when bidding and your emotions take over.
TRUWAY will only bid to an agreed limit that meet the development strategy. If the auction price goes too high, we will walk away, and seek your instruction or move on to the next opportunity!
4. Need Help negotiating with the Sale Agent?
At TRUWAY we just don’t leave you to the selling agent “puff”! We can provide you with our experience which includes an objective opinion on the property value, then assist you in the management of the purchase including advising you on the negotiations with the sale agent so you do the deal at the right price keeping in mind your development strategy .
5. Granny flats/dual living/positive cash flow properties
The key to any cash flow positive properties is first buying right. The second most critical point is identifying how to manufacture a positive cash flow property strategies such as renovations, granny flats, dual living, auxiliary units and garage conversions to name a few.
TRUWAY can assist you in finding that property with the capacity to a positively geared investment, to enhance your portfolio and provide you with supplement income. Granny flats are an exceptionally trendy strategy that work very well in particular suburbs. With approvals that can be obtained as a ‘Complying Development Consent’ CDC by a private certifier with no council DA requirements in NSW, this may not be the case in other states of Australia.
TRUWAY Project manages the design and development for you and JLC Building Development undertakes the construction process and we have created a streamlined process for our investors. What we have found to work best is to undertake a cosmetic renovation to the existing house at the same time as the granny flat is being constructed in order to manufacture capital value and lift the rental return. TRUWAY is fully licensed to project manage the design and development and the construction or to have any renovation done via JLC Building Developments. So you can trust us from start to finish to do the hard work for you.
6. Looking for a Subdivisions opportunity
Undertaking a subdivision can take a lot of time and resources, it is also a smart way to create profit in a relatively short time depending on how big the subdivision you are looking to do. A one into two lot subdivision on a suburban block could take six to eight months of planning work, plus the construction. The profits can be used to leverage the purchase of further property, or to recycle into another venture.
Not all the property you come across are suitable subdivision sites, it requires countless hours of searching, investigation and doing feasibilities study on the deal, with lots of due diligence to be undertaken. There are many hidden traps when it comes to subdivisions.
If you are considering a subdivision strategy it is important that you are comfortable with risk and are prepared to work with TRUWAY and our professional consultants to achieve the most profitable outcome. We keep you updated with the due diligence and the feasibility so you can achieve the highest return on investment (ROI).
7. Locating Developers-Site
Not all the sites that you find are good development sites that deliver a reasonable profit and meet minimum rates of return. The key to finding a good development site is the result of extensive research and having the knowledge to identify the best and highest use of the targeted site. So that you do not fall into the trap of insufficient investigation TRUWAY can assist developers in finding, investigating and negotiating the purchase of the sites. Most of the sites we have found in the past have been
Offmarket opportunities, sourced through our broad network.
TRUWAY’s Project Management firm TRUWAY Projects also undertake the project management of consultancy work for site investigations, acquisitions or special projects. We have worked with community groups and private developers, combining key sites with owners ensuring discretion and privacy.
Development sites we have managed and sourced for clients include:
8. Five year wealth business plan
TRUWAY can work with you and your financial planner / accountants and solicitor to undertake a number of different land development strategies for the long term. Working together we develop a tailored five year wealth business plan.
This plan identifies your way forward, including undertaking projects within your own risk comfort zone. Real estate investing is not a hobby it’s a business and at TRUWAY we work with our clients to manage their business in Real Estate. Ask us about the benefits of our five year wealth business plan!
9. Feasibilities of investment project
TRUWAY will work with you to seek out investment opportunities. As part of the process, TRUWAY Project will undertake professional consultancy management including feasibility studies to ensure that the project can be developed and meet the projected return on investment (ROI).
The fees for undertaking our feasibility study are well worth it to ensure the numbers stack up, and you are not taking ‘pot luck’ when you invest hundreds of thousands of dollars in the purchase notwithstanding the cost to complete the development . We utilise our industry experience and our established building construction firm JLC Building Development to workshop the cost of construction and liaise with TRUWAY Real Estate to provide the sale price point for your project.
Talk to us about our fees for undertaking feasibility and consultancy management studies for investing in and development real estate.
Our consultant will be happy to hear from you. Please feel free to contact us to discuss your project.
We are Real Estate Negotiators, Managers, Auctioneers for Buyers and Sellers. We are The Specialist.