Forum Replies Created
I am definately still in the learning stage and I know I still have lots to learn. I have learnt so much since our first reno on our IP and plan on keeping it as its now cashflow + and in a pretty good location with potential good CG. Want to do a buy/reno/sells to consolidate our LVR as we don't want to be maxxed out.Dave
Thanks Catalyst,
And that’s my issue. I can find next to nothing where the numbers actually stack up. I’m thinking that they don’t exist so I’d thought I’d ask the gurus before giving up on the idea and looking elsewhere to spend time researching properties.
I have focused on the north side of Brisbane because I know the area well and as I can do a lot of the work myself or my trade contacts are all based here also, it makes sense to look here first. As most well know, there is a lot of homework involved to see if certain areas so I have focused on certain areas. I’m happy to hang in there and keep looking if it makes sense to. Has anyone else on here done the buy/reno/sell in Brisbane successfully?
Dave
I'd be happy to do a couple houses and only make 20k at the absolute worst each. If everything went well hopefully more but I also very keen to get some more experience also. I know a lot can go wrong and its a lot of risk for small return, but i'd rather manufacture the equity rather than sit aound and wait
Collinsville and Oakey in QLD
Thanks Jacqui,
Even with 50% discount on CGT the numbers don’t stack up. We are looking for a quick turnaround (max 3 months for renos) and move on to another one to build equity and reduce debt, Don’t want to live in the houses while doing renos either as we already have a PPOR.
We think this investment method is achievable based on others stories, have done lots of research, super motivated but just need to find the right property. Do these exist in Brisbane under $350k
Dave
