Hey Guys im in Coffs and they are having a meeting this coming Monday. I’ll be there and have a look too.

DD

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

Great news about Colonial too nice so I can pass that on to people looking for 1 bedders. Go with the 2 bed if possible but I dont know the asking price and the body corp fees are a high ongoing cost to be aware of.

I tend to look for smaller blocks with low body corp fees and of course good returns. In a lot of cases the gross return of 8 or 9%…[Read more]

Michael has always been a confident project builder and marketer and is successful beacuse he seeks it. Those using the share market and those usuing property will counter each other in quoted wins and losses forever.

I love our diversity and I also love all the passion each of us shows in what we do to achieve. Hats off to all of those that made…[Read more]

For example say we have 18 ip’s and with all of the interest, management fees, rates and body corp fees we go back about 40k. Add 20k in depreciation on average and we can earn personal income of 60k without paying tax. Anything above this is then taxed as normal.

Any negative or tax credit is carried forward so when we sell an IP and have say…[Read more]

$240/160k buy is a straight 7.5% return. What rates and body corp fees do you need to pay? You may find the deal isnt quite where it started out from.

Secondly expect a high deposit for sure. I have heard recently that Comm bank are doing 38 mtr 1 bedders on an 80% lend so may be worth a chat with a broker.

Good Luck

DD

Buyers Agent (Dip…[Read more]

Hi Aaron, it all depends on what you personally call cashflow positive. Is it all costs covered, mortgage and management rates covered or something else.

At the moment all of the deals available through me are only 7.5% return which does cover mortgage but not rates and body corp fees.

I am cautious in WA deals as the management there sucks with…[Read more]

HI Mike C talk to Redwing. Seems to me “mic” has some issues.

DD[biggrin]

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

In the past I have been a currency dealer, stockbroker, dealt in the building industry and in IT. The last 5 years of my life I have spent 95% of my time on property. Now 5 years on I have a nice portfolio, live 250 mtrs from the beach and am learning to fly.

None of this possible without property!!!!!

Sure I have some small parcels of shares…[Read more]

If you are after simple cost effective ideas for renovations maybe a back issue of may 2005’s API which had 50 top tips to increase your rental yield as a cover story might be worth looking up.

Nice looking guy on page 48 feature too[fear]

DD

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

Attaching the posts is easy. Pre drill holes thru the timber and the metal fencing at the right height(place the timber supports against the fence and measure where you need the holes through both) buy a bag of self tapping 75mm or 100 mm metal screws and simply wratchet them in by hand. This is the time consuming part as if you use a drill to…[Read more]

It all depends where in tassie. For example a 3 bedroom house in west tas mining towns is a no no. Recently a tin mine was closed for 9 months loosing 260 jobs due to falling tin pricing.

On the other side of the well we have a nice growth happening in Launceston and Georgetown due to the new pulp mill being built there. Stable employment and…[Read more]

cautious consolidation from Redwing and a few others[biggrin].
Well my wife and I have had 2 days of what if’s??, calculator out and CG tax and offsetting income being high on our lists of options to chase.

Our end result was to sit and wait on the portfolio we already have and me off to do a reno every few months on what we have to increase…[Read more]

Hi Tan

we had a similar problem when the vacant lot behind our house was built on. As it was a gentle slope from front to back, where our fence was, the plans never showed they were raising the land 900 and then putting a really high slab of 300 on top of it. This meant that in total we lost 1.2 of the 2.4 metre height off our fence and privacy…[Read more]

Love this thread, Have a house on a long narrow 1240 sqm block with 55% at the back below flood level. Raising the living above with carparking below, what an inspiration.

Im off to council, yahoooooooo

DD

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

Wow, thought this was a new thread. Oops!! Well the main areas I assist people are in Qld southern regions, Rockhampton, Gladston and Cairns whilst the Tassie market I mainly concentrate on Launceston and Burnie on the north Coast. I have a few new sources of info for west coast mining and whats yet to come with that so its all a bit…[Read more]

The boom over, but bargains galore can still be found for the smart investor.

Never be afraid if it needs new carpet, tiling or painting. These are your opportunities to turn a suspect into a prospect. The potential there is often overlooked and where you see it others fly by.

So if you are twiddling your thumbs, dont.

We are looking at adding…[Read more]

I use a very basic formula when calculating what I need from a property.

The ideal is 7.5% return or better. So to achieve this you need to get a ratio of 1.5/1 per property.

A house for $100k then needs $150/wk to hit the ratio or 7.5% return. This is very basic and does not include body corp fees or council rates but is a clean easy to…[Read more]

I have just had my cereal with a really nice soy milk and you do this to me, arghhhhhhhhh!!!!!![puke][puke][puke][fart][fart]

Where do people get these sick ideas??

DD

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

We bought a house in Redbank Plains knowing it had a structural issue, there is movement due to black soil in the area. But getting a house on a 1/4 acre for $73k now worth $240k as is, im not too fussed. Rent is $195/wk.

Sometimes something wrong means money to you.

DD[headphone]

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

Congratulations on the chrissy bargain.

What work needs doing for the $135k price tag??

What suburb?

I love Ippy

DD[inlove]

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