I wanted to follow up on this tread. The strata manager had a work to the owner of the neighbouring property, who in turn had a chat to their tenant. The tenant approached ours and apologised. Both tenants put the awful experience behind them and now have amicable attitudes. Wanted to thank you all again for your help.

I would like to hear suggestions too

Hi Gavin, I’m in the Perth Market too. I have been a conservative investor the last few years and I’ve only bought properties close to the CBD (within 7km with a land portion), that have renovation potential but are presentable enough to rent out for cashflow in the meantime. After loan and expense repayments I get $3500 cashflow per year across…[Read more]

Thank you to everyone who replied, there are some very helpful insights and links.

I approached the Strata Manager who has had a word with the owner of the neighbouring villa (a relative of the tenant). For the moment things appear to have blown over but if it occurs again I will pursue the owners corp and/or other avenues.

Over the years this…[Read more]

Firstly, you will want to know that the site is going to be feasible to do said development. So you will want to roughly calculate the expenses and the income from selling the completed dwellings.What is the Zoning? How many dwellings will the zoning permit you to build on this land? Also talk to the town planner about what your council needs &…[Read more]

Also I should add, that you will need to find a reputable Valuation Company! Some do valuations purely based on comparable sales, others do alot more research! Helps if you supply as much info as possible (ie what council says land can potentially be used for) and see if you can't get a good Valuer by word of mouth. Also it is worth asking the…[Read more]

Meri I cannot PM (Private Message) you. Please enable PM's or PM me and I will return!

Hi Meri, Once you have an idea of what tha land may be potentially used for, another avenue possibly worth persuing is approaching a Valuation Company and asking them to prepare a Valuation for you. I did a letter to one recently asking them to address three scenarios of potential use for a large subdivision we have. This was then tabled at…[Read more]

 Thanks Terryw, Your right, I am seriously overcomplicating it! Better just to come to some private agreement about us adding value then sell and split profits proportionate to what value we added.When they first approached us about Vendor Financing it, they were going to loan us the money from their company (property in the company name also).…[Read more]

Thanks SNM I will do that. From what I can gather from conversation with one of the longstanding owner occupiers, When this hall was operational, the use of it had to be asked of the executive committee first. The users were responsible for preparing the hall for themselves then cleaning up after themselves so I dont believe there was any ad…[Read more]

Good in theory, but definately have to do your own due diligence. I was so close to signing a deal that was very attractively cashflow positive. Apartment had a deal with taiwanese govt to provide accomos for uni students. 6 month lease renewed every 6 months along with rent review and so on. Discovered that apartment was one of many owned by a pe…[Read more]

Dont get greedy, that is the trap that many have fallen into and then they get into trouble. Do your research and as suggested earlier go see your town planner as they will give you a rundown of what is needed and wanted in the area, and that will give you an idea of what to built, who to target and will be more likely to be approved by council.…[Read more]

Great thread! Though it has taken me some time to read through it!Of all my siblings I was the only one to get my first car myself, each of them (3) were given decent cars bought FOR them. My first car was a 1980 Nissan Pulsar Hatch ($700 and hardly road worthy), then a 1997 Ford Laser Hatch (good car, got it cheap, ran well, but no aircon) th…[Read more]

Hi Wayne, I did her course last year, approx June/July along with attending the Bootcamp in Sydney in August I think. Well since I made that comment about the support, I got an email saying they had not heard from me in a while and how was things did I need help etc. I did email back a question and I got a reply a few days later. I would assume…[Read more]

Ok, I cannot private message you, so can you private message me and I will return your message with the details you asked! thanks

I hear what you are saying, have you seen a broker yet? I was just reading an article in the latest property investing magazine about a young lad who was in a similar position to yourself (Uni, PT work,deposit & very keen) He made it happen. I think he may have had to see a lot of brokers but he persevered and he got there in the end! I will PM y…[Read more]

Option fee is what you negotiate. Generally approx 1-5k or higher if you need to sweeten the deal. If you negotiate the option fee to be part of the purchase price then that is a bonus as option fee is generally extra and is non refundable if you do not go ahead with a Contract of Sale (as apposed to a deposit on a Contract of Sale). No formula,…[Read more]

If you found those ++ CF properties for your dad, then can he put one up as a guarantee for you against your Home loan and you use your deposit, FHOG and Part Time earnings toward your PPOR for 6 months. Then you can move out of it, turn it into an investment property and if it is ++ CF then you dont need to pay anything anymore! You will only…[Read more]