How about getting the couple to agree to a BMBY solution? 😇

Hi Rob,

Generally speaking it does make a lot of sense to offset the loan that carries the highest interest (that is assuming one has no other debt, mainly non deductible debt).

Why is that loan so expensive, by the way?

Should you sell or not is a question that I suspect nobody here can answer for you. Who knows what will the value there be…[Read more]

I always think of the valuer as a potential buyer so both the reno and the staging are done as if for sale, so pretty much same rules as sale apply (kitchen, bathrooms, overall street appeal, features buyers like in this area etc)

Then the valuer comes and I walk with him/her, explain what was done, mention the high quality finishes etc.

Usually…[Read more]

Yeah, can and was done by many investors over the years.

Need to watch the downside though: what if you can’t on-sell (at a higher price or at all) prior to settlement? 😬

Yeah, can and was done by many investors over the years.

Need to watch the downside though: what if you can’t on-sell prior to settlement? 😬

Sure thing, happy to help 😊

Yes, that would be prudent.

You’ll need a solicitor or conveyancer to represent you as the vendor anyway so might as well ‘kill 2 birds with 1 stone’ I reckon.

Usually I’m in favour of hiring a conveyancer for property transactions but in this case, if I were you I would definitely get a solicitor on board t…[Read more]

What’s the delay with obtaining the OC?

If I were you, I probably wouldn’t place tenants in what is, officially, an ‘under construction’ dwelling. If something happens to them or their guests, it could get really, really nasty… 😞

What’s the delay with obtaining the OC.

If I were you, I probably wouldn’t place tenants in what is, officially, an ‘under construction’ dwelling. If something happens to them or their guests, it could get really, really nasty… 😞

Can’t see why would a property manager receive commission for a sale of the property to a tenant.

My guess is that compensation means if the tenant damages something and pay (compensates) you for it.

I could be wrong, though, as this isn’t my area of expertise.

If I were you, I would confirm this with fair trading. They’re always happy to help…[Read more]

👍😎

I’m no expert but it does sound strange. My understanding is that technically the building is owned by the body Corp so if it leaks, that’s an issue for them to resolve.

I might be wrong, especially with your unit having an outdoor and the leak coming from there so if I were you my next step would be to speak with ‘Consumer affairs Victo…[Read more]

I’m no expert but it does sound strange. M6 understanding is that technically the building is owned by the body Corp so if it leaks, that’s an issue for them to resolve.

I might be wrong, especially with your unit having an outdoor and the leak coming from there so if I were you my next step would be to speak with ‘Consumer affairs Victo…[Read more]

Personally, I wouldn’t go near it if it’s not at least 20% profit when doing ‘back of a napkin’ calculations.

Hey mate,

Here’s what I’m thinking:

1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds with one stone’. It will save the costs and drama of a boundary dispute, so you might get that land for a relatively great price.

2. If that fails, I would wait for the other party to do the first mov…[Read more]

Hey mate,

Here’s what I’m thinking:

1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds with one stone’. It will save the costs and drama of a bo7ndry dispute and so you might get that land for a relatively great price.

2. If that fails, I would wait for the other party to do the first mov…[Read more]

Hey mate,

Here’s what I’m thinking:

1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds in one stone’. It will save the costs and drama of a bo7ndry dispute and so you might get that land for a relatively great price.

2. If that fails, I would wait for the other party to do the first mov…[Read more]