Forum Replies Created
- wannabe2 wrote:interesting to hear about all the places around australia booming,western suburbs of sydney seems to be bucking the trend bigtime.loads of repossesion auctions very cheap,just bought a 3 bed brick house for $155,000 ,put in a washing line and rented out for $220 per week straight away .just need to wait for the next wave to come along here.
Hi wannabe2,
I am interested to know which suburb did you find this property?
Thanks.
lobo wrote:hello Guys
i have largish block of land in bangalore near motorola, EDS technology park which is suitable for building apartments. In fact it is the only block left around. I would like to know if anyone is interested in joint development.this forum definitely brings people together !!
give me call on 0414335411. I might be interested
I finally agreed with different agent on 7.5% + GST and 3$ for postage and petties and no other charges!!!
digitalmbs wrote:Hi,I am in Melbourne, but we have construction company in India. We have couple of big project going at the moment, specially in GOA INDIA. Goa is one of top tourist place in India surrounded by coast and beach. We are building fully furnished resort type apartment for short to medium term accommodation for tourist. As such we are looking for investors who are keen to invest. Project gain for investment is between 14-17%. For full details pm myself and we can get together and have chat.
regards
DM.give me call on 0414335411. I might be interested
Qlds007 wrote:Must admit i disagree with a couple of your points.
6) At settlement buyer pays stamp duty.
7) Stamp duty is only payable when title is transferred i.e. at the end and if contract is broken then no transfer of title and hence no stamp duty.
Unless this is different in Victoria which i doubt the Buyer pays the stamp duty on or before the date of possession rather than the date of settlement.
In Qld I think stamp duty is payed within 30 days of exchanging contracts?
Qlds007 wrote:Sorry eternit we dont go down that far.I have recently purchased an Agency with a large rent roll based in Clayfield so most of our properties are in and around the City and City North.
Hi Richard,
No worries. Do you know any good PM in south who will do it for good price?
Thanks.
Qlds007 wrote:I think we charge 7.5% + GST.Hi Richard,
Can you manage my property that I am buying in Browns Plains?
If so, what are the costs involved?
Thanks.
sapphire101 wrote:HiI have 3 investment properties in Melbourne and 1 in NZ and have completed the Results programme earlier this year. I now can identify CF+ properties with relative ease, but don't have the finance now to secure them.
In the last 2 weeks I have watched 3 go by, (buy, reno, hold) each returning between $4000 – $10,000 pa on cash down, a return equal and more than bank interest, plus these are all in suburbs that have seen a 10% increase in value in the last quarter.
Another, a reno and 2 unit development was snapped up 2 days after the agent contacted me. The return on that deal was 53% on cash down or in dollar terms a profit after GST of $85,000+
I have 3 more listed now. One is a reno sell, one is a buy, reno hold and the other is a 2 unit development. Asking prices are $250k, $490k and $520k respectively.
I am looking for persons with a real hunger to invest in property who are finding it difficult to find the right properties or who havent got the time required to source these deals, but can obtain finance and have a cash reserve. If you are interested,
please contact me asap and we can discuss this further.
Regards
Ian
[email protected]Hi Ian,
Your email account seems to be over quota. Anyways my mobile no. is 0414335411. I would like to discuss more on this topic with you when you have time.
Thanks.
Qlds007 wrote:As Terry mentions you should have got the Vendor to sign a P & C Option rather than a standard REIQ contract.In Qld there is no stamp duty on an Option so the net amount between the flipped amount and the original amount would have been yours.
Alternative is if you purchased the property in a Pty Ltd name you could sell the shares in the Company and as long as the Company is not consider "land rich" again their would have been no stamp duty.
We use a combination of both to carry out developments and flips in Qld.
Hi Richard,
I did not understand about what you mean about selling the shares in the Company. Do you mean buying a property in PTY LTD and then sell the property to someone else and there is no stamp duty on the property?
Thanks.
This is the one that I have found – http://www.2in1inspection.com.au/services.html
Can someone please comment on it?
Would anyone know if this is a good deal: http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104183050&f=10&p=10&t=res&ty=&fmt=&header=&c=94947872&s=qld&snf=rbs&tm=1186294259
?
Yes you right, not sure why maps.google.com says 35 minutes?
Are you familiar with Browns Plains at all?
Investing in India is not so much for te cash flow I dont think. Its more for the capital gain…….
Milly wrote:ok I have a property at Dinmore (Ipswich) walking distance to train, school and shops. It's an eastern suburb so it's a 20min drive to Bris CBD.so here is a brick an tile at dinmore for $220k
Accorind to maps.google.com its a 35 min drive from Dinmore to Brisbane CBD with distance of 31.8km.
You find it impossible to find a property in +ve cashflow in US or Australia?
I have a lot of family in New Delhi and would be interested in investing around the new delhi area.
I am interested in this too. I have heard prices have dropped there due to high interest rates at the moment. Could be a great time to buy there….
Hi Jon,
I am interested in a lowset brick house on about 600sqm land. How far will I have to go to find a house under 300K from the Brisbane city?
Thanks.
Jon Chown wrote:Hi Nicole,
As your post is about Suburbs in Brisbane, I can't see why you would be stepping on any toes. There is one area that I would add to your list and that is Houses and Units in Yeronga/Fairfield. The reason for this statement is that $70 million is being spent on the development of the new tennis centre at Tennison right next door. Mirvac have just released their first two towers and they have sold out in two weeks. It is difficult to not see a flow on effect from such a highly publicised event.Jon
Hi Jon,
The houses in Yeronga/Fairfield seem very expensive. Nothing under $400K on realestate.com.au
Is it possible to find a old lowset brick house in the area for around 300K?
