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Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of aletaaleta
    Participant
    @aleta
    Join Date: 2006
    Post Count: 9
    May 14, 2006 - 11:28 am

    Thanks Ros and Alison for you reply,

    I now rethink how I would add value in a cheaper way like changing door knobs and repainting the kitchen and bathroom. As for the wall paper – I properly rent it out until it need replace then I just stripe it off and repaint the whole house.

    cheers….

    Aleta

    Profile photo of aletaaleta
    Participant
    @aleta
    Join Date: 2006
    Post Count: 9
    April 23, 2006 - 7:20 am

    Thanks heaps for your reply Suelever, now we know our price ranges we can compare the price and start our reno. I very excited about this project as its our first and we’ve been looking forward to start our IP for a long time.

    Thanks Brahms for your (-) contributions, it is our first property we brought and we got it for a good price in a growing area. The rental is near +cf, after having some great advice from fellow forum surfers we believe by adding value to the property we could get the unit +ct.

    [thumbsupanim]
    cheer!

    Profile photo of aletaaleta
    Participant
    @aleta
    Join Date: 2006
    Post Count: 9
    April 18, 2006 - 5:12 pm

    Hi Jaclift,
    I am on the same boat as you..cept I’m in SA and in the process of buying a house. I would love to quit my “Bitches” job and start my dream in Property Investing cuz its what I’ve always wanted to do. Having says this I also knows I have alot to prepare before I jumping in the deep end without any support and experience.
    Well good luck with your decision….

    Profile photo of aletaaleta
    Participant
    @aleta
    Join Date: 2006
    Post Count: 9
    April 16, 2006 - 10:56 pm

    Thanks for your reply leebee1,
    The unit we are getting is in very good condition. Its doesn’t require any major comestic reno but I might take up your idea and see if we can improve it better. [happy3]
    The unit next to us is also up for sale, not as good as our (inside) and price at 115k. I am thinking of getting the unit revalued once we got all the paper work done. If the unit is worth $115k and we already put in 20k for deposit, we may have 35k in equity…is that enough to start something else….?

    Profile photo of aletaaleta
    Participant
    @aleta
    Join Date: 2006
    Post Count: 9
    April 15, 2006 - 1:58 pm

    Thanks for your reply and advice guys, currently we just had a deal…a 2br unit in a growing suburb, close to all amenities; price at $110,000 and we manage to get it at $103,000 > could rent for $150 p/wk. After doing all the sum I figure we still have to pay some from our pocket, not exactly cf+ yet. But its the closest deal we came across. I guess since its our first time it scary and with no based asset its hard to play big so we decided to play small, even if we make mistake we can still learn and grow from experience…

    Cheer….[blush2]

Viewing 5 posts - 1 through 5 (of 5 total)