Forum Replies Created
Don’t really have an option other than RACT if you don’t have an active body corp which seems common in Tassie.
I found their quote only a little more expensive but this covered common area’s which they seemed to know about,
My regular insurance companies did not offer in their insurance common area cover and not even a separate cover.-
This reply was modified 8 years, 4 months ago by
jeta.
The original post was some time ago.
Would really need to do some research on the specific area , I do know one area on the Central Coast NSW that
has recently seen 5 new granny flats go in to an area of approx 1000 homes which has pushed the rental market
down , There are definitely areas on the Coast becoming flooded , someone might have updates on the Logan area.-
This reply was modified 8 years, 4 months ago by jeta.
Whats the price.
Whats the difference between price finder and rpdata
Might be another option with rpdata taking over onthehouse and doing away with it.-
This reply was modified 8 years, 4 months ago by jeta.
Prices have certainly dropped in parts of Tassie , just picked up a 1991 built 2 bedder for $122,000 , was listed for $140,000
another in the same 4 unit complex is on the market for $160,000 , these sold last in 2008 at $174,000.
This one renting $210 owner wanted quick sale to move to mainland with family , was getting on a bit.Turns out they don’t have an active strata/ body corp so responsible for all insurance , RACT offer landlord insurance
with common property protection , other big insures don’t cover common property on your insurance property.Here is a purchase from Nathan on the Gold Coast
In the clip he claims they purchased two for $225000 each and would rent for $300 a week and he estimated it
to be undervalued and thought it worth $260,000 at date of purchase Oct 2014Looking at On the house website for the property Its 45 Burra st Chevron Island
Now some figures
Yes purchased Oct 2014 at 224000 and 225000 remembering he said it was undervalued and estimated 260,000
I see the latest sold purchase was march 2015 at 239,000 and the latest rent seems to show $250 a week
although there seems to be a lot of properties of this vintage for rent on realestate.com for around the $280 mark a week.probably has done well out of it now but don’t think it was worth his spruking back then.
Same as above , Jan sommers is where I learnt my technique and somersoft a great help over the years.
As for Nathan I followed a buy of his near to me which I knew the numbers didn’t stack up.
So he maybe successful but he doesn’t always get it right and when he’s wrong it doesn’t go down well
with him when others start to pic at the numbers.You’ll learn everything you need to know from these types of forums then paying for it.
-
This reply was modified 8 years, 5 months ago by jeta.
Theres weatherboard and weatherboard.
What kind of weatherboard are we talking.
Asbestos
cement sheet
timber
masoniteYour not going to really have any deteriorating issues with asbestos unless it has exposed fibres or blistering paint.
Masonite needs to be well protected using paint or can be damaged , cement based sheeting will be fine unless its
the first type that came on the market after asbestos was removed which just crumbles away and timber if not
maintained could have rot.So really it comes down to each property , how they have been maintained and a good inspection.
Ive done all above except timber weatherboard and found it easy enough with just a DIY certificate .-
This reply was modified 8 years, 6 months ago by jeta. Reason: Bordering issues
I don’t see how buying another in the same area is going to be a cluster for you , if the numbers add up why not.
I have many in one spot and never had issue. I always look for positive geared (has to be large positive geared) and
at a good deal before I buy and always under $200,000 , at the moment exchanging on a $105,000 2 bed unit county
regional renting $215 a week,last sold 2007 $125,000 was in my watch list for 6 months and watched it drop before
I offered $105 and stood my ground.The positive cash flow will go on to the added mortgage repayments.Using real-estate.com watch list , look around save your searches which look good and if there still on the
market later on , you then can low ball. currently have over 100 in my watch list.
Yes they will never be killer capital gains but they will pay for them selves much faster.-
This reply was modified 8 years, 4 months ago by
