WWRD Keep or sell after a development

Published: April 22, 2016, 2 p.m.

b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/wwrd-keep-sell-development\\\\/#arve-youtube-hklygcgdwi8659a0b2e5ef04872943425","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/HklYgCgDwI8?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\nWhat would Ryan do? Would he keep properties after a development or would he sell them off for a lump sum?\\n\\nHey guys! Ryan here from OnProperty.com.au, helping you find positive cash flow property.\\n\\nThis is a new segment, new sort of episode, that I am starting, that I am going to run on weekends as I have questions for you guys. I am calling it WWRD or What Would Ryan Do. So if you send in your questions about your situation or your "friend" who has this situation and you want to think of, "Well, if Ryan was in this situation, what would he do," then you can send it in. That is what WWRD is, which I will be doing on weekends. This is going to be, as you can see from the picture you are watching on YouTube, it is just going to be a bit of fun. Do not take this too seriously. This is not going to be personal advice though I will try and help you out. Obviously I will be talking about some things that I would do.\\n\\nI will probably be asking you some questions, giving you some things to think about rather than saying here is exactly what you should do. So we will talk about what would I do for my situation, and then we will talk about some things that you can think about because you are not me. You are not in your 20s with 3 kids, quit a 6 figure job to go and work for himself. I am a very unique fellow. I am also a vegan and homeschool my child. You are probably not the same as me, but we will still find out what will Ryan do, WWRD.\\n\\nIf you want to send me some of your questions, you can do that. Just email me on Ryan@OnProperty.com.au, that is the easiest way to submit your questions. And just put in the subject line WWRD and I will know that it is for this segment.\\n\\nToday\'s topic is a question from an audience member, whether they should keep or sell their properties after development. And so the way we are going through this is we are going to read through the email from them, and then I am going to go in and give my thoughts and stuff like that. You may need to bear with me as I do some maths as some of these questions do get quite specific. So, here is our question from Duval, and Duval, thanks for sending this in. I am just going to grab my notepad because I am guessing there is going to be some mass here.\\n\\n"Hey, Ryan! I have a question that you may think it is a question for my accountant or for myself. But I want to know, if you are in the situation, what would you do?"\\n\\nAnd Duval, just so you know, you inspired WWRD. This segment will not exist if it was not for you, so thank you very much!\\n\\n"I bought my principal place of residence in 2012 for $715,000. Let us go ahead and write that down, including stamp duty, which is a townhouse and probably worth $1 million today. I have also bought a house diagonally opposite for $740,000 with land on it, rent for $450 a week." That seems like terrible rent for something that you are paying $740,000 for, I do not know why the rent is so low on that. Maybe it is in Sydney. I do not know where this is, but that is very low yield for a property.\\n\\nAnyway, rent for $450 a week. They have subdivided it, cut the existing house; built another townhouse at the back which will cost around $280,000 for the whole process including the DA. So it is subdivided and it is built, $280,000 in total. "If I sell a brand new townhouse, so this is the one at the back, the subdivision cost $280,000; then I would get around $750,000 to $800,000 for it." So let us call that $750,000 if you sold it.\\n\\n"I have 4 options now.'