Forums

October 13, 2003 - 10:13 am

sorry…my email is julesmat@iprimus.com.au
good luck with the reno!!

Always look for the exception to the rule

October 13, 2003 - 10:12 am

hi there molkenr, im also in northern suburbs of perth (mindare). You can go to bunnings and get an owner/builders card wich entitles you to a 10% discout i think. I also hold accounts with quite a lot of suppliers so feel free to give me a call on my mobile phone number. just email me if you would like to get my number

Always look for the exception to the rule

October 12, 2003 - 12:24 pm

Quote:

Yes i agree, if you can find a good manager, hold on to her. You will be amazed at what some of them have to put up with…its not a job i admire!!

David Femia

Is this the same david femia from woodvale senior high school??

Always look for the exception to the rule

October 12, 2003 - 12:08 pm

i have heard that because it is a sellers market ( especially in Perth where I live ) we can expect to be paying a premium price for properties in the fast moving price range 250k – 300k to the tune of approx 10-15%
also , i have the same probs too, everyone seems to have a different opinioin on where the market will go to. i dont think the bubble will pop, but rather, deflate somewhat….and when ?…..your guess is as good as mine![

October 12, 2003 - 12:01 pm

enduser…you are very correct, however, the edger is probably one of the most difficult sanders to use and to somebody who has never used one before, i am almost certain more damage will be done than good. Use a normal everyday orbital sander with coarse paper to get to the edges, alternatively, you can hire a squar buff which is just an orbital on steroids…it defends upon the size of the job. Also, something i forgot to mention before- always vacuum the entire area before and after fine sanding.

October 12, 2003 - 10:24 am

sounds like if you can hold on for just a little bit longer you will be able turn the +ve. Realistically, however, is it possible the rents will increase as fast as the market value of your properties?
I do not know the full details so cant comment too much with any confidence, but I think you may be in a better position than you think, if not for the short term but definately for the long term.

October 12, 2003 - 10:06 am

unfortunatly the person who painted your floor has made your life harder!!
PERSISTANCE[

October 12, 2003 - 9:37 am

Im with terryw on this one but you will still have to work on that business for a few more years to come.[

October 12, 2003 - 9:29 am

hey there, im a timber flooring guy so i will try to help.
if you have lifted carpet, vinyl etc,..the boards shoud be quite flat already.a drum sander will get the floor flat while you will have to go over the floor with a rotary sander with various grades of fine paper to get a very smooth finish. coating should be done only after applying a sealer ( this will stop the coating from soaking in too much to the timber and give you a “blotchy” look.) then two coats of polyurethne coating will bring the floor up nicely. This coating is solvent based so you will need a respirator mask. On the other hand you can use a water based coating but it is harder to get a good finish while costing you a lot more to buy.
feel free to emial me with any questions
Also, timber floors where never supposed to be extremly consistent in colour so just relax, enjoy the colour variations. [

May 6, 2003 - 9:54 am

actually, i stuffed up.
Its probably easier for you to just borrow what you need for the property and refinance after the honeymoon

May 6, 2003 - 9:52 am

from what i gather , it can be done, however not all banks/lenders will do it.
If it is valued by the banks/lenders recognised valuer, then i dont think there could be a problem. Instant equity!!….I like it!!
Tell me where I can get one of these bargains….Im always on the lookout.

May 6, 2003 - 9:43 am

tonyinoz…it all depends on :how old is the property, was it built before 1985?
what fixings,fixtures does it have?
best thing to do is get a quantity surveyors report done,this will outline every legal claim and rate of depreciation for different aspects of your investment property.Also quantity surveyors have to be registered with the ATO so you can rest easy with there figures. An accountant is not always the best person to do it for you as they are usually not up to date with all of the different depreciation rates.
hope this helps