Freetolive replied to the topic A word to everyone in the forum General Property 17 years, 4 months ago
Thanks Barney, good advice.I have found a bunch of CF+ properties due to their depreciation. It did take some homework as you said so I agree with you fully. I didn't get them as a free lunch.Oh, and grats on getting to a place where you can start getting into it. I love to see how you go!
Freetolive replied to the topic Investing Advice. in the forum Hi Semetha
I’m not an 17 years, 4 months agoHi SemethaI'm not an experienced investor but I know where you are at. I'm in a situation where I have one IP with about 200k equity. My plan is to draw on that to renovate/develop or somehow improve properties to sell quickly for profit. I plan on continuing this until I can have my own house paid off and have a growing amount of rental pr…[Read more]
Freetolive replied to the topic Equity questions – First IP in the forum Finance 17 years, 10 months ago
Just two notes:
Management fees are closer to 9% of rental income and…
Valuations must be done by a valuer NOT A REAL ESTATE AGENT!! Agents are not qualified to value anything.[crying] They can only give appraisals. Appraisals are what they “reckon” you can get.[cigar] Sometimes this is not even anywhere near the mark (for various…[Read more]
Freetolive replied to the topic desperately trying to figure something out… in the forum Help Needed! 17 years, 10 months ago
A bit of encouragement![king]
Great to see you taking heart and going for it Romina!
I was in a similar situation to you three years ago. I was on about 33K salary and only had PPI.
I got sick of not being able to do something so I changed careers, moved to a mining town and now I have about 150K equity to invest with, a salary that will…[Read more]
Freetolive replied to the topic I’m buying tomorrow – HELP!! in the forum Help Needed! 18 years ago
Thanks Marc
I’m basically looking at the two cheapest houses in a niche area that has lots of houses the same. The asking price (as far as I can see) is based on the presentation of the house and those around it.
A house across the road sold for 60k more than what they are asking for this one with the only major difference being a pool.
The…[Read more]
Freetolive replied to the topic Who has recently bought a cf +ve property? in the forum Help Needed! 18 years ago
Whoops, I can’t get it for some reason – “Still being developed”
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional.
Freetolive replied to the topic Thanks Steve McKnight. in the forum General Property 18 years ago
Sounds scary when you say it like that but I have two thoughts:
1) I can only see the banks calling in your debts when a depression hits and property prices start to fall or stagnate to the point where they start re-valuing homes with high debt-to-value ratios.
2) Surely these plans can be modified to smoothly transition from ‘living off your…[Read more]
Freetolive replied to the topic Cost of rendering over rough 70’s brick in the forum Value Adding 18 years ago
I have spoken to two people who have rendered their entire house for under $500. I have also read in a forum that someone did it for $150 not including paint.[exhappy]
I have a practical suggestion if the bricks do come out about half a brick from the wall:
Hire a brick cutter and cut the juts off. Ask a tradie about it at your local…[Read more]
Freetolive replied to the topic I’m ready but where should I start? in the forum Help Needed! 18 years ago
Thanks Chris and Mortgage Hunter.
I think I’ve decided on starting on a plan. I seen a few other guys plans and I’m astonished that after years of not being able to do anything due my circumstances, I haven’t used that time to design a good plan.
[withstupid]
I’m going to rifle through some other forums about people’s plans and the pitfalls,…[Read more]Freetolive replied to the topic I’m ready but where should I start? in the forum Help Needed! 18 years ago
IP was my own home for 5 years. I have moved to a mining town and therefore I cannot duplicate what I have done. Unless of course I want to retire when I’m 90.[whistle]