bnag1 replied to the topic Buying my 1st IP!!!! in the forum Help Needed! 19 years, 9 months ago
HI YC
Would you mind sharing the figures which show us a CF+ is possible? I ask this not to be nosy but to see how you structure the numbers to make it CF+?cheers
BrettBellyflop
bnag1 replied to the topic Paying to get started! in the forum Help Needed! 19 years, 9 months ago
i can’t afford to buy new property at this stage tony so i’m looking at lowcost purchasing property which needs maybe a new kitchen and or bathroom and maybe some paint and cleaning up. is everyone looking for this type of place?
do you think, coupled with rising prperty values, thats why most people are finding it so hard to find cf+ property…[Read more]
bnag1 replied to the topic Paying to get started! in the forum Help Needed! 19 years, 9 months ago
Hi Tony
Is it fair to say that the reno should increase the value of the property and increase the rental income potential? We have been advised to let the experienced renovators tackle the reno so I would not be doing anything much. Can you clarify why we carry all the risk?I actually don’t know what to look for having never bought property…[Read more]
bnag1 replied to the topic Paying to get started! in the forum Help Needed! 19 years, 9 months ago
Hi Michael
Thanks for the info. I know that the $$$ don’t seem high however they are offering just to locate a property for this price. Because they are also doing renovations they make money from the reno also. They are very up front and say if you can find a cheaper way to do the reno then go for it. The key to them doing the reno is a fast…[Read more]
bnag1 replied to the topic Paying to get started! in the forum Help Needed! 19 years, 9 months ago
Hi Terry
The service is such that you pay $1000 for a property to be found which meets very specific criteria….it could take some time though and the company appears to facilitate finance and renovations if that is the type of property you are looking for. They have an experienced property consultatnt full time sourcing property. Do you think…[Read more]