Hi Start,

slow down with the old saw. First find out why the area is rotten. Most common reason in the area you describe is broken or leaking guttering. You need to get the water away from the wood by fixing this problem or you could end up where you started. Could also be ground water in which case you will need to get some drainage in the…[Read more]

are you talking about selling an asset and buying it back latter when the market is despressed?

Hi Crusader,

There are some property managers who will take on this problem and sort it out for you. Don’t know the laws in WA but it probably not a good idea to trot off to the tribunal on your own as a first timer with this problem.
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Good Luck.

Hi Wayne,

Just thought I would add one thing that some of the other posts have touched on. Knowledge about the seller is very important in these situations. You don’t want to be bouncing prices back and forward over the phone every couple of hours. Ask the agent about the seller etc to get some sense of their motivation.
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Also be very carefull…[Read more]

Hi Salla,

What do you experienced reno folks replace old carpet with in order to achieve an attractive presentation for selling a family sized house? I would like to achieve a more modern look – the house is very 70s!

Polishing the boards if you have them is a super idea. Don’t pay to get it done. Im not suggesting it is easy but it is a skill…[Read more]

Hi Guys,

My 2 cents as well. Have to go with the debt dog on this one.
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Jason: I’ve never heard positive gearing descibed in that way debtdogg described it.

From my point of view positive gearing and positive cash flow are exactly the same.
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When you get over a dozen or so properties the difference b/w gearing and cashflow will be obvious.…[Read more]

Hi all,

Rodney and Dunedin came out on top with a score of 91 as places offering a good or extremely good quality of life.

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Does not suprise me either Westan. What a brilliant part of the world to live in.
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Regards,

Don and Liz
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I haven’t had any reasons why i SHOULD be a developer, but 58 reasons why not.
Sort of like 90 percent of responses to my posts dating back years now about the awesome possibilities of CF+ve investing in NZ.

Just do it mimi!
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From memory your new developement/s are in NZ. I thought the whole idea was growth. Not just in the financial sense but…[Read more]

Hi Ibuycashflow,

How is this project going. Is it time for an update? How did the naming process go?.
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Good Luck

… or significantly under valuation.

Hi Foundation,

I’m not intentionally being pedantic or negative, but I hear this often of late, and it rings alarm bells for me.

Obviously the market price is where supply equal the demand.
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I think redhaven like many others is just using this term to indicate that they intend to research and negotiate the price of each property.
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good luck.

Hi Loanwolf,

Some people may disagree but I think travel can be very beneficial to you investing career. If you don’t have the opportunity to see other countries and cultures through work you will have to pay for it yourself I suppose. Although you can do this on a budget if you research.
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The other problem, ie, how do you stop yourself wasting…[Read more]

Hi Kingmike,

I am curious. Do you have any further details about the property eg location size and return. The reason I ask is there has been a bit of negative sentiment about the UK market (hate to generalize like that ). Your post is indicating that you believe the rental market is firming. Do you live in the UK.
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I agree with the others.…[Read more]

Sorry about the plug but maybe you guys need to get on the same page financially. Playing the cashflow board game is a good way to find out what each party knows and challenges your assumptions. Work on getting rid of that 90k as part of an organised strategy. You will have heaps of fun too.
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Good Luck.
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Hi Terry,

We had friends who did the same in Syndey but they had to cook and clean for that price. How does yours work

Firecaesar,

These guys are right. If you are an aussie would be best to do your numbers on and 80% lend. It is probably where you will find a better choice of products.
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Cheers

Redwing and Dazzling are spot on. You need to go out and get some accurate information about rental values in your area as a starting point. Armed with this information you will be confident of the product you are showing to prospective tenants.
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Is the property local to you, interstate or overseas?

Hi,

My point is that buyers have become far more cautious and savvy recently. Also, thanks to renovation tv shows, many have an unrealistic expectation of the costs involved and will therefore only see $30k worth of expense in option a). This may in fact be true if they are prepared to put in some effort themselves and live with the results…[Read more]

Hi Guys,

However, you desire to earn $80k per year through buy/reno/sell at the same time as spending more time with the kids. Here’s my problem – most tradesmen in your area would have to work overtime to achieve that kind of pay in a stable market, so how do you figure you & your husband will be able to add more value and work faster than…[Read more]

We met at work. Knew each other for 5 years. We had one date and stayed together evr since.