Nice budgetting there kiwi, the other thing to be aware of is how its treated for tax. If you are timbering over timber floors it can sometimes be classed as repairs and be 100% tax deductible.

If you are removing carpet and laying a floating floor, its also classed as repairs and again tax deductible. If on the other hand you do tiles where…[Read more]

Hi Taffy, being a fellow Welshman, it is always good to see “the little saucepan” being successful.

I think Terry is suggesting, in not so many words, that if you rent in Cairns for the next few years before settling on a new PPOR all of your cap gains in Perth are free. However, if you buy a place in Cairns to live in immediately, you would then…[Read more]

Building sites where some trades have finished are excellent, have a look around and always ask the site forman for permission. We got enough treated pine from excess frames I cut up on site to put a storage area in our roof over our extension. All that extra storage was a selling point when we eventually sold.

Odd tiles 1/2 box here and there…[Read more]

Cordell Building Publications have a trade prices guide they put out. You can calculate how many square mtrs of what and then there are tables to accurately estimate each job.

Might help.

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!

Harley2, with most investors trying to squeeze out every $$ from their investments, keeping a rental property vacant is not viable. Ok so maybe some minor paint is scuffed and you need to touch up here or there.

Its better to do minor touchups while you still remember the paint colours six months or 12 months later, than then having to start…[Read more]

And you bought in Manoora…..no wonder its a reno and flick.

Very colourful place indeed.

Good Luck

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!

Im going to buck the trend. With so many units and townhouses carbon copy vanilla colours, I went a bot rad and did Taubmans Mayellan which is a blue for all walls top to bottom in one of my townhouses. White doors and trims and the first couple to walk in(as I was finishing the trim), the wife said “wow, nice to see a good cloour. Leased it for…[Read more]

Well with the tiling I always do my own buying of the tiles and take them to site, then pay the same guy the showrom recommends but a “cash price” of $25/mtr to lay and not the store price of $35/mtr for the same job.

This is in Qld though.

Bunnings sell kit kitchens if you have time, inclination and are close enough to do yourself.

Good…[Read more]

Make sure you seal and double primer your tile paint before applying 2 coats. Looked great a year ago when I did it, but now with the soap scum lifting the tile paint below the soap dish in the shower down to the floor, its another redo i didnt want to do.

Been like that for a while the tenant now tells me. Doh!!!!

DD

Buyers Agent (Dip…[Read more]

goto renokings website, lots of tips(and advertising) there.

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!

Like any sourcing body or organisation it may be they charge you nothing directly, but then they have all of their costs swallowed in the purchase price of anything you buy. Which in effect means you pay for these services anyway.

They usually charge a percentage of the purchase price, so it is in their best interest not to discount the pricing…[Read more]

My wife and I went last year and it was great. Yes there is a bit of Ra ra and American hype but thats to keep everyone awake.

It was a big step to get me there and I was not going to be brainwashed but approached it with an open mind.

It has changed not only how I relate to others, my relationship with my wife and kids, but also made me more…[Read more]

With 8 people there on Valentines day we had our montly meeting. 3 new members and some regulars attended and we discussed “The Investors Club” meeting some had attended the previous evening, which had been advertised in the local paper under “who wants to be a millionaire”.

Most comments were in the negative category due to the highly managed…[Read more]

Tassie you fools tassie!!!!!!

Well east coast anyway, with little or no reporting and lots of new jobs happening down there its a hidden sector of the market few even think about. House pricing there……we bought a 3 bedder for $116,500 in Oct last year, val came in at $125k. Last week a house 2 streets away that looked identical sold for…[Read more]

ANZ lost one of ours and we had to apply for a reissue. We were tight on finance time on the next deal which was a biggie so we raced in and did it the same day in their offices in sydney. Still took 3 weeks but we scraped through with a day to spare.

Lots of scotch that month!!!

DD[glum]

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the…[Read more]

So you are advocating buying a new house in Logan which achieves a whopping 4.6-4.9% return just to get better depreciation?

I think that maybe a 2 bedroom townhouse with 7.2% return with less building depreciation but the same fixtures and fittings depreciation and actually covering its own mortgage might just be a better bet for some of the…[Read more]

Its not the perth oricing that worries me its the prth agents. Managing rules in WA are so pro tenat we just sold our 2 in the last 12 months to be rid of the hassle. Be aware they ofteh charge 8.8% then 2 weeks letting not one and then $66 initial inspection fee, $45 for a qtrly then have the cheek to charge a whopping 2.5%on top of any tradies…[Read more]

Bevan French Rae & Partners Solicitors 3rd floor 93 York Street Launceston Tas 7250
PO Box 1257 PH 03 6337 5555 Fax 03 6334 1693
(Sharna-assistant)

He does all of the deals for all of my clients and mine as well.

Say you are a referral from Dave Thomas and you get a major discount.

My good deed for the day!!

DD[biggrin]

Buyers Agent (Dip…[Read more]

Well possums and rats and roadkill are light compared with termites who eat the house!!!
This is a nice thread.

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!

The 2 to 1 ratio quoted is actually 10% flat
1.5 to 1 is 7.5%
1 to 1 is 5% etc.

So to have a property worth 200k getting 200 rent sucks as it is only achieving 5% return.

For every $1000 invested you need $1.50/wk to get 7.5% return. This covers the mortgage and the managing agents fee but DOES NOT cover the body corp fees or council rates. So…[Read more]