Hi Tony;I greatly appreciate your help. I will be getting in touch with Yeo, shortlyKind RegardsDaniko

Awesome thakn you very much

HI Tony;I am in NSW.Cheers

Dear All;Can anyone advice me about Insurance company which provides Landloard insuranace for student accomodation?Thank you

Thank you to all of you, I think you are right, better no to take the risk

Dear All;Just more info collected through some research.I have spoken to few builders and all of them had many years experience with doing reno/construction in the units and all of them said -dont bother yourself with council/strata approval. Its taking lots of time and you have to pay for nothing, They claim that most of properties in Au…[Read more]

Hi newbi;Its structural work and IP so I think I should not take a risk to do it without approval and insurance?

Anyone else with some experience on the subject?

Hi Linar;Thank you for your comments. I am not going to sell the property, at least for next 12-15 years so its not issue Are you a builder, if I can ask? Regards

HI Jon;I didnt realise that such a work can bring so many "buts". I have spoken to builders, reno people and nobody could say for 100% you can do it or you cant. I am going to use licensed builder for the construction work so it will follow all buidling rules. The only question is, what would happen if someone from body corporate finds out? Can I…[Read more]

Hi Scott No Mates;Please correct me if I am wrong. Lets say I am planinig to add extra bedroom to my unit, so as long as I dont go over 12K I can do it as an owner- builder and I dont need council permission for the work?Where can I find more info about the rules of applying and beeing owner-builder? 

HI John;I am assuming that you have lots of experience in terms of unit development. I am still getting differenet opinion from differnet people. I acctually called council and I said that I am going to add one bedroom to my unit, they didnt ask any further questions are replied that I need councill approval. I dont think they could make the…[Read more]

Hi Terry;Thank you for your reply.That was different case, anytime you are changing external apperance of the property you must have councill approval, but for internal changes it should  not bother anybody. I think so.

Guys;Thank  you for your comments. I already have some experience in studnet acommodation, thats why I am interested in developing the project. I know its extremely hard to find landloards willing to rent their IP for students. How about if I offer, for instance higher rent or higher bond, or other bonus which could convienience them to lea…[Read more]

Dear All;I really appreciate all your comments.Summarazing, the less money I have the more interests and extra fees I will have to pay? Is the best option to  take mortgage from the bank?

Dear Xenia;Thank you for your reply, but the problem is that landloards and real estate agent are terrified when I mention about putting studnets into their property. Do you think if I sign long term contract with higher amount rent rate every year and guarantee that the accommodation wont be destroy, they will change their minds. I spoke to few…[Read more]

Dear Linda;
You are wonderful!!! thank you for all advices. You helped me a lot.
Cheers
Daniko

HI Ecatt;
To making clear – I was talking about speding 500K and putting 10% deposit ,so my morgage would be 400K. I would find house for the amount easily, but the thing is I wouldnt be able to get positive cash flow.
I have do admit that you are getting excelent deal renitng unit 1,5 bedrooms for 400 AUD per week. For this amount you can get…[Read more]

Dear Linda;
Thank you for your advice, that would be a good solution, I will definately keep in mind. You mentioned in your e-mail, that you are real estate agent, so you must have lots of experience. I would like to ask you few questions, if you dont mind. If I buy unit through 15 years morgage, is it any possability that the unit will be worth…[Read more]

Hi Bridgebuff;
Ive just completed reading Steve’s book and there is one serious question I would like to ask. Steve claims that the best option for propety investment is positive cash flow. I am not sure how situation with proeprties looks in Melbourne but considering Sydney I dont know how achieve positive cash flow. If I would like to buy house…[Read more]