Adnie replied to the topic High Yield investment property in VIC under $320k ? in the forum Help Needed! 8 years, 11 months ago
Frankston is always on everybody’s radar I feel, if you can find a good deal there I think id choose it over Werribee, but then if you can find a better deal in Werribee, I’d go with where ever will give you the best return.
I would be calling up or dropping in to some local agents in the areas you’re looking in and having a chat with them, they…[Read more]
Adnie replied to the topic Develop units OR hold to renovate?? in the forum General Property 8 years, 11 months ago
Hi Doug,
Without seeing the property it is hard to give an answer, the first place I would start is your local council, you can get some great advice (free too) from them, they can pull up your property and will be able to tell you if it’s feasible to fit a driveway down the side.
Do you have any rear access?
Adnie replied to the topic Hold or sell???? in the forum General Property 8 years, 11 months ago
What is your investing strategy Jonesy? Are you an income investor or a growth investor?
If you are wanting an income (positive cash flow) from your properties then you would have to weigh up what return you would get from the two duplexes, if the numbers don’t quite stack up and you’re left with a lazy investment you would be better to sell and…[Read more]
Adnie started the topic Behind house unit development in the forum Value Adding 8 years, 11 months ago
We have just bought a house that we will be doing a quick Reno on and then subdividing the backyard into 2 lots, speaking with our agent today, he found a guy near by to us that has done a subdivision similar to ours, with the house in front and the driveway down the side (no side or rear access) but what he did was cut the driveway into 3 lots of…[Read more]
Adnie replied to the topic Cherie Renovation Full Home Study Course in the forum Buy, Swap & Sell 8 years, 11 months ago
Also interested, can you pm me the details
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Adnie replied to the topic Purchasing display home in new estate in the forum Help Needed! 11 years, 1 month ago
Yeah i guess one thing to watch for is paying a premium for it. Im guessing that the case would often be you are getting a good return of say 8-9%, but that good return is cut into because you could be paying more than what the house would actually be worth.
Im also keen to know about building in new estates in general too, like not as a display…[Read more]