Forum Replies Created
Hi Crystal,
You’re right about checking the vendor’s motivation. I was advised yesterday that he only wants to lease it for 6 months while looking for another house. So the cashflow could be the issue, perhaps we can offer $110k?
As for CF+ properties, I have resigned to the fact that they are non existent in Bris, & you know we’re not comfortable with branching out to regianal areas as yet. As i see it, we’re getting this place under market value as it needs some cosmetic work. If we fix it ourselves, it could possibly become CF+ in the next year or 2…
Thanks again for the advice, it’s great getting opinions from people who have done this before! [exhappy]
Thanks for the insight guys, it is much appreciated.
Will be doing the research you suggested today Anthony.
Cheers [biggrin]
Thanks guys.
Dr X, I saw your article in this month’s API, impressive [exhappy]
Foundation, you sure are subtle [blink] something for me to think about…
You can do both, and you don’t have to decide right away. If you’re doing 4 modules in each semester, you can pay for 2 and leave the others, or whatever is convenient for you. That’s what I did. Now I pay $30 a week to pay off the remainding HECS & I don’t even feel it…
Hehe, I apreciate your honesty Todd!![biggrin]
Hi Rayson,
Have you considered childcare? On your combined income you will get the complulsory 16% deduction from the gov’t & may be entitled to more. So that would cost around $10k a year. I know it’s steep, but it’s better than losing your wife’s $40k income. But that’s my oprion, I’m not a huge fan of staying home with kids!
alotti [rolleyesanim]
I’ve just been advised that it just went under contract. This is what happens when you procrastinate! Anyway, thank you for the insight. Will keep looking [blink]
The weekly repayments are $220. So I will have to make up $40 a week. Maybe I should offer $140k and stick to that. I hope that doesn’t offend the vendor, but they’ve purchased elsewhere so I think they are keen to sell… [cigar]
Hi Crystal (again)[biggrin]
I’d like some details on your investment club, I think I can learn lots from you!
As you know I’m in Brissie, but I visit Newcastle often as my sister lives there.
Please let me know when you have the set up details organised.
Alotti
Thank you for the advice guys, that’s great. Tony, I like your words of wisdom, the yield is only relative to the purchase price, I will remember that!
I’m not a fan of chance, I like to sleep at night so I will stay away from Tassie for the moment.
Karl, it’s funny that you mention the corridor between Brisbane & Gold Coast as I already have 1 property there and was looking at another one yesterday. The price is $159k with a return $200 per week (-$20 body corps). Am thinkning about offerring $145k. Would that be a wise thing to do?
Alotti
Hi Porsha,
I have a house in the suburb next to runcorn. It’s about 20 mins drive to the city on a good day or 40 mins in peak hour. There are several schools there and shops close by. It is very close to both main motorways (M1 & Gateway) which connect the Gold Coast & Brissie + airport. As for the demographics, it is mainly families with a medium to lower income, but by no means the wrong side of the tracks. It had a bit of growth around 2002-03, but I think there is plenty of room to grow in the near future.
Alotti
