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Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of bnag1bnag1
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    @bnag1
    Join Date: 2005
    Post Count: 6
    February 10, 2005 - 12:45 pm

    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
    Brett

    Bellyflop

    Profile photo of bnag1bnag1
    Participant
    @bnag1
    Join Date: 2005
    Post Count: 6
    February 9, 2005 - 12:55 pm

    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 nowdays?

    brett

    Bellyflop

    Profile photo of bnag1bnag1
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    @bnag1
    Join Date: 2005
    Post Count: 6
    February 8, 2005 - 1:46 pm

    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 so am happy to let the process run and learn from the first property buying experience by tagging along with the property consultant offering the service which they are more than happy to allow.

    Do you do renos or buy property which requires no renovations and why either way?

    Cheers
    Brett

    Bellyflop

    Profile photo of bnag1bnag1
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    @bnag1
    Join Date: 2005
    Post Count: 6
    February 8, 2005 - 1:22 pm

    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 turn around of 4 – 6 weeks.

    Anything else to particularly look out for in your eyes?

    I very much appreciate your response.
    Cheers
    Brett

    Bellyflop

    Profile photo of bnag1bnag1
    Participant
    @bnag1
    Join Date: 2005
    Post Count: 6
    February 7, 2005 - 1:53 pm

    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 that is good value? Am I being lead up the garden path?

    Cheers
    Brett

    brett

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