Hi Richard

Since Ritchie isn't looking to make VF his main business, but rather looking to use it to sell one underperforming property, would he need a credit licence himself, or could the JV partner hold the credit licence??

Catalyst wrote:

I think in your case (personal attachment) I would not do it. What if they lose their job, can't afford the rent one week? Will they ring you up and try to take advantage of the situation?

I would have to agree here, while it all appears good now, the personal attachment may make it very sticky and unhappy should something…[Read more]

Persistence, especially when the market is strong and there are many others in the game, who bid the prices up to ridiculous prices! When the market is strong, I need more hours to go through more deals!

In addition to what Catalyst said, have you looked at where the easements and servicees are, especially if you don't want to demolish the existing house

Great result! I assume this price is supply only?? I would be interested in how you go installing the kitchen.

Sounds like there's a few votes for Sydney Kitchen and Bathrooms (I was just about to ask if they did bathrooms but their name answered that one for me!).

I am wondering if disco is related to Dr Benson and pushing more information to further the cause??

A huge congratulations Steve!!

$100K (gross) passive income with PPOR paid off in less than 10 years – impressive. It's posts like these that bring these threads alive for everyone. 

Yep, clear as mud. I recognised the first link, but when it was in twice, it got me thinking…..

Hi munmun

The 2 links you include in your post appear to go to a 'Back to the Future' preview??? Is Steve taking everyone back to what he was doing in 1985 ??

Great post Wilko,

Then as you develop relationships with the developers, you can learn about the property market as well. Where are you located? Are there many developments occurring in the area? I think it would be easier to start a business in an area you know in depth, rather than learn a new market (property spotting, then develop a business…[Read more]

This article might also help the analysis paralysis – https://www.propertyinvesting.com/user/property-investing-news/blog/investments-sake

Hi Spongy

Reading this thread, I think so many forumites can agree with you – the analysis paralysis, being hesitant, one partner holding back etc etc.

Jac, Richard and Jamie have all provided great comments and I definitely think starting with Jac's question about the fear is the one to start with – for yourself and your husband – make sure you…[Read more]

Many thanks for your detailed response Jacqui, a great explanation.

I was a little slack with the use of the term 'trading properties', I certainly agree with you that the buying and selling costs erode any profits, and I am a fan of the buy reno, reval process (where sales prices allow for the reno to make enough of a difference!).

JacM wrote:
Hi Kallan

You have said the magic words…. money in super.  Would it be rude to ask if you know how much is in there?  This will help us see how many properties you could buy straight up front with the funds already in your super.

Hi JacM

I am interested in your comments about buying inside SMSF. I assume that Kallan is younger…[Read more]

There is a lot of vacant land through the area, so this may keep a lid on rental yields and CG for a while (even up to 10 years as the area is developed). Possibly look closer into Liverpool, you could buy 2 apartments for up to $600K. I realise your budget is up to $500K but the good brokers on this forum could provide some advice depending on…[Read more]

While cost of the agent is one consideration, as Queensland tourist points out, make sure they are property savvy and up on all the latest ins and outs. It sounds as though you got your recommendations through posters in this forum, which is great.

My accountant is probably on the more expensive side, but she knows all the ins and outs and…[Read more]

Depending on how big the area is where your property is located, I'm wondering if you will become known as a difficult landlord in the town (just have to think of the longer ramifications).

If you move forward with the process, all the best!

Here is a link to a previous post that might give you a few leads – https://www.propertyinvesting.com/forums/help-needed/4347727

Also start researching areas that might be of interest to you (and visit if you are able) and visit open homes to see what $x will buy. I have heard that people start guessing how much a property will sell for, then check back when it has sold to see how close they are.

Ok, so I realise this thread is rather old now, but wealthscore has scored itself a home far far away???

I was looking to have a play and see how I fared….