Forum Replies Created
YC,
I have been a subscriber to his email for approx 12 months, and have found the information contained with in excellent. I have not ventured that way with them yet ( I’m in Sydney not that stops me) but when the time arises, look forward to it
Cheers
Hb & Anitia,
I have mad a boo boo with my figures there, ( I blame it on my shift work sorry
).Was looking at figures for something else.
The CP I was referring to, I was out by $ 100,000 opps.
Price is $ 269,000 @ $ 26,000 rent a year, still positive by approx $ 7,000 a year.
Had to post back here to clarify my err there.
Anita how you going with it ?
Cheers all
Hello Cam & Guys,
I have just recently reno a 2 bedroom unit here in Sydney. Some of the top points for units that I believe attract greater value, quality tennants, and rents are: ( no particular order.)
1). Kitchen, modern, ergonomics, space conscious.
2). Bathroom, modern, storage, sleek n clean.
3). Carpets
4). Blinds
5). Security, this may inlcude window locks, screen doors.
6). If not cooling, then ceiling fans as we did, remote control with lights,
7). Look at open the kitchen area up, i.e. demo part of the wall. Sense of greater space.
. Satalite,optus,foxtel cabling.9). Nice nuteral colour paint.
10). Dont over capitalise the demo reno work, budget it, stick with it
And shop around for the products, i.e kitchens etc, you be surpirsed of the savings out there.Regarding the house sitution havent reno there yet
hope this helps a little.
P.s after the above reno, we recieved an extra $40 a week rent and very happy tennants.
Cheers
Vyvyen,
Maybe you can make it much more attractive to them, such as rent free, although cashflow wise this will not assist you, but it may help your dream house a little more.
Mate, I believe alot of the comments above are true, i.e. property fresh on the market, you have put in a low offer. Would have been great if the accepted it, but they havent, it would need to be more realistic to the vendor.
So where to from here anyones guess, never cut your finances so short / fine, that baked beans become the weekly mains
Interest rates / personal porblems / building problems.
you maybe be worse off then us guys here will see the property back on the market for 1.2 mill fire sale
Cheers & good luck
Pk, always good to have a good laugh, didnt know three stoogies did renos hahah. Good positive reading Kp & Resi.
Keep it up
Aaaa the life, Pipe good question to see if it does exist, its something I aspire to, (but 32 now), but I dont think you actually stop working and retire as such, but have more options to exercise that you may not have been priveledge to before.
Them longer fishing trips, four wheel driving is definately a calling
I hope to be in that position is 5 years via a mix or commercial & residential.
Excellent reading.
Ps Dazz how did you find your mentor, just curious
Unfortunately I am in Sydney, however I would be willing to share my views with, maybe help you Wa’s out lol
will pm u with email
Hello Bofclark,
Maybe you can try EBM Insurance, not sure if u allowed to post info here, (prob get trouble for this), they specialise in investment property insurance etc etc.
I use them (03) 9853 4666
Cheers no kick back here
[blush2] should really proof read before I post there
Sorry about the errors there.
Feel like adding a bit more Anita.
I am about to purchase a commercial property same price tag as yours.
However returning $ 500.00 a week.
But this may vary on location, you may get better capital growth in your location than mine
Keep searching and good luck.
Auzzie (used spell checker this time ) [biggrin]
Anita,
Think my above will answer your question re gst too
Why did they change plans re living on premises? Chances are it may have not been approved by council or strata, just my guess.
Anita another thing I would like into also, is what kind of phase power is in the work shop?
Is the work shop specially fitted or has multi purpose?
Always good to keep the options open if tennant moves out
Cheers and good luck.
Harley,
Dont quote me here re: the gst,
But it is my understanding, if you buy a commercial property vacant or without lease, then the purchase price will attract GST.
So if you go commercial definately better to be tennanted.
Why pay GST when you dont have too
Cheers
Hello Ganakars,
I think we have all been where you are ( some still there too). But you have taken the step to learn.
When is the last time you had your property valued ?
Just quickly looking at the sums you have supplied, it looks like you have approx $68,000 in equity in your current home.
There is nothing wrong with using this equity if done wisely
Pretty good deposit actually to get creative with it.
I have a bout the same equity and about to use it to finance my next venture, commercial.
Any yes it is postive by about $ 7,000.00 a year.
I am fairly new here, suggestions to read many different books, and read the different posts here, absolute wealth of info here.
If you not have the deposit to find positive in Perth, then look outskirts, who knows might have enough equity / deposit there to fund two i/p.
Good luck
CheersHello West wealth of info as normal you are
When you talk about your team in the USA, is this like accountant, solicitor etc,
or
research team
or
group of investors, investing together?Just trying to catch onto the lingo.
Cheers
Dazzling,
All I can say is WOW, how impressive, you have definately built great applied knowledge, and have the confidence to grab the bull, not just by the horns but
Well done great reading.
P.s dont think West will be upset, personally this is fantastic reading about success, and achieving / striving to possess the ability to take full control of the situation as you have just outlined.
Once again very impressive.
Dazzling can just ask one question, do you and your partner share the work load evenly? just curious
Cheers
).
. Satalite,optus,foxtel cabling.
