Forum Replies Created
These guys build granny flats;
It’s a little under $1000 per square metre for most of their designs. Have a look through the site though, it seems fairly detailed.
How about using the local Sheriff or Police to help you evict the tenant on a specified date for an eviction if they haven’t vacated by then. This might work, but maybe because they’re there on a ‘monthly rolling verbal non paper lease’ they’re simply tresspassing at this current time?
Are these the ‘illiterate, neanderthal tenants’ from some of your previous posts?
I can suggest using hired muscle, a midnight hack-job eviction or the use of a firearm(s). Maybe applying to a court to get these squatters out could do the trick.
I just dont know what else to suggest, how much is the building insured for???[evil4]
I’m not sure that you’d need to go through the council at all if you’re just putting up an internal wall. But you might want to run it past the body corporate at your complex beforehand, just in case.
Regarding the kitchen, I think you’re saying that you’re going to do it up? Just go head and do it. The type of work you’re planning to undertake shouldn’t need any permits, because it’s just minor renovations. You might be worrying unnecessarily, good luck with the project and keep us posted on the progress.
Hope this helps…G7
If she’s trying to lease a place back for $280 pw that she cant sell for $400k, then she’s dreaming and yes it does sound like a dog of a deal.
And if I’ve read your post correctly, then jumping into a mortgage with this person is financially irresponsible. If she’s that over-extended and cant manage her finances and repayments then steer clear, unless it’s your future wife or mother of course.
You could do better with your money. Good luck with it all, and let us know what happens…G7
Thanks for that, it’s really straightforward and easy to use. All I need now is a property to use it on…G7 [specool]
The tenants can go to HELL! [satan][satan][satan]
Just ripped this off a UK website;
Landlords from Hell:“We always knew our landlord was dodgy, but on the day we moved out, he really tried to stiff us. We ended up leaving earlier than planned, meaning that our BT line was still connected. About a month later we get the bill from our former flat and it’s for hundreds of pounds more than we expected. Our lovely ex-landlord had decided it was a good idea to use our phone to call his relatives in Afghanistan. We then had to fight to convince BT that none of us knew anyone in Afghanistan.â€
Peter, London
“I was living with two girlfriends in a shared flat, and our old landlord would just arrive unannounced, let himself in and use the loo whenever he felt like it.â€
Alison, Birmingham“My old landlord would put up the rent every six months, arguing that the demand was so high that he had people queuing to rent the flat. He made it sound like Xanadu or something when there were hookers on the corner and dealers in every shop front. He also made us use gas and electricity meters which cost an arm and a leg.â€
A.M, Manchester“Our landlord lived upstairs, and was just LOUD. He once had a party completely unannounced, which ended up with about thirty people Irish dancing above our heads at 3.00am. When we moved on he tried to charge us for the damage his party had done to the ceiling plaster.â€
Alba, Liverpool“Our old flat was above the letting agents, who were all real Alice-band Sloane types. When we moved out they insisted that we have the carpets washed, which was a bit cheeky, because they were in a good state and they certainly weren’t cleaned before we moved in. We agreed anyway, and the head Sloane said she’d get a quote from a local company. The quote came back as nearly £500.00. We told them to stuff it but they withheld our deposit until we had the work done. In the end we bought a washer/vacuum thingy from Argos and did the whole job for about £80.00.â€
Carmen, South London“The loo in our shared flat just stopped working, so we contacted the landlord. He came to look straight away and said he’d fix it, but not to let anyone else touch it. A week later and he still hadn’t. Two of the girls just went back to their Mum’s but luckily I knew the people in the flat next door who let me their loo. When he refused to get off his backside and do something about it we told him we wouldn’t pay any rent until he did and wouldn’t pay for the time that the flat had been basically uninhabitable. He still didn’t do anything and started making threatening noises. Two weeks later, we all moved out. Then the idiot took us to court for the rent he said we owed him. The judge threw out his complaint, made him pay our legal costs and asked him how he dared waste court time.â€
N, Egham“When we decided to rent this flat it had way too many wardrobes, especially as it had this really cool, really deep walk in wardrobe for storage. We said we’d take the flat as long as we could have some of the wardrobes removed and the landlord agreed. On the day we moved in, the wardrobes were nowhere to be seen and the flat was just as we wanted it. Until that is we opened up the really cool walk-in wardrobe only to find the landlord had stuff all the other wardrobes in there.â€
Pritti, Brighton.“I went to look at a flat where the landlady lived on the same floor. She was from a show business background and a bit eccentric, and I had a sneaking suspicion she fancied me, but it was a nice flat so I arranged a second viewing. When I got there she’d covered almost every flat surface in the flat with books open on pages of either dead or naked, sleeping people, and kept insisting on me looking at them. I didn’t take the flat.â€
Chris, DerbyThe Qld market is generally very tough at the moment, regardless of where you’re looking at. I dont think you’d see much action from an investment property bought in Qld for a while but buying in the GC-Brissy corridor would put you in good stead for the long term. [suave3]
Maybe you could pick up something for a really good price off an over-extended vendor. They’re really starting to come out of the woodwork now. Good luck with your search and keep us posted as to how it works out…G7
I’ve recently been doing a bit of study/research on NLP and it seems pretty interesting to me. I believe that Anthony Robbins uses NLP as the tool in his “Unleash the power within” training.
Anyhoo, the following might be of use to others if they’re interested;
http://www.google.com.au/search?hl=en&ie=ISO-8859-1&q=nlp+explained&btnG=Search&meta=
There are a few really good contributors that have been missing for a while now, but some tend to come and go. What about Derek and The Mortgage Advisor, amongst others…?
Luckily I’m still here or we’d all be in trouble![tongue]
A lot of these types of properties are cashflow positive after tax (assuming you’re on the highest rate) and after depreciation benefits.
They can be good for ‘off the shelf’ investments, but I believe unless you’re fairly well off most people would only be able to aford 1 or 2.
I believe anyone can find their own investments with far greater returns, but as Dr. X says they are not stand alone properties and thus dont qualify for true positve cashflow.
Good Luck…G7
Pitfalls, there are only pitfalls, no upside. Here’s why;
-you’d be getting in at the absolute peak of a dead and drastically overpriced market,
-if you’re into the ‘sardine syndrome, suburban holocaust, scorched earth policy’ location to invest then go ahead,
-You’d be getting a 5% gross yield, with no room for capital growth for years yet plenty of room for capital decline though. Unless you’re after an investment where you want to lose money you can do better,
-There’s no exclusivity, they’re just gonna keep building the damn area, it’s gonna be bigger than TasmaniaThere are others, but why go on. Why don’t you invest somewhere desirable, like Iraq?
Seriously though, if you’re on the highest tax bracket and are just looking for somewhere to park money then do it (good depreciation available). But if you’re after making informed and profitable investment decisions then I think with a bit of research you can do a lot better with your hard-earned.
Good Luck…G7
Hey Batts,
Have a quick flick through this lot;
Also have a look at your local Trading Post under Real Estate. There are usually a few ads that list sites that deal with sellers selling privately.
Minor cosmetic renovations can up the rent to tip the property into positive territory, also creating another bedroom and maybe even supplying something like whitegoods or Foxtel for a price that’s more than the cost can help with cashflow.
Getting new tenants at the market rate is good too, but like HM said offering $20k less and getting an interest only loan is one of the best and easiest ways to help with a properties cashflow.
I’m sure you’ll get heaps of suggestions, good thought provoking post aswell…Good Luck…G7
I saw this post a few days ago and was thinking of an Adelaide-Saints final.
Having said that I think the Eagles will get up by 14 points and Chris Judd for the Norm Smith. Having said that, the Swans will win and one of their players will win the Norm Smith coming off the bench.
Go the Hawks for 2006!!!
Yes she’s done well out of the course. She’s thinking of doing it again because second time around as an affiliate it’s cheaper and also for the comrarderie and the course content has expanded to cover more things.
For more info check out;
http://www.wildlywealthywomen.com/
and also;
https://www.dymphnaboholt.com/ModCoreFrontEnd/indexh2.asp
Dymphna is the main figurehead behind the course.
Hope this helps…G7
My property holdings in Afghanistan would go well with my waterfront home in New Orleans and my farm in Zimbabwe!
No seriously though, I hope that you and your family clean up over there but I’d say the barriers to entry for most people in Australia would simply be too high.
Good Luck, keep us posted…G7
My mum did the first course in 2004, that’s how I became interested in property.
Mum said to tell you that it’s probably some of the best money she’d ever spent and is well worth the investment. They would have ironed out the glitches in the course by now and should be really good.
It was also very good for the participants socially as many women became good friends and even teamed up to do joint ventures. The course material is invaluable aswell, however many women seemed to fall away as the course progressed so she recomends that you be patient and see it through to the end. She is also thinking about doing it again next year as an affiliate because she’s done it before.
Hope this helps…G7
Congratulations Gatsby, you’ve always laughed at my jokes and agreed with my opinions so it couldn’t have gone to a better person.
P.S. Please don’t edit, delete, move or lock this post.
Once again, good work…[biggrin]
Hey Scullyman,
I’m in Rockhampton and am looking to invest in the area. However there doesn’t seem to be much worth buying at the moment, if at all. Meanwhile the search for that elusive deal continues…[wacko]
I’ve got a 95 EF Falcon (330 000km’s on the clock) I payed $10 000 for in 2001 that since then has had about $20 000 worth of smash repairs done to it.This was posted by myself a few weeks ago. Well I’ve still got the same car but make that about $22 000 in smash repairs. Just got it back after another fender bender at a roundabout the other day. Wasn’t my fault though…[grrr]
