Hi Pental,Sorry i should've been clearer with my description of this deal.  The estimate of $20-$25K in repairs was fairly accuate but to date i've only had to spend $120.00 on a leaking water pipe and a sticky door handle.  The repairs were not things that needed to be attended to immediately.  And yes, when you include things like stamp duty, le…[Read more]

Hi jamjam,check out http://www.vendorfinancelawyer.com.au

Hi neilvs,Re- "So my point here is in Australia, with the banks only recognising 65% of rental income, HOW on earth can one build up a large property investment portfolio with cashflow (+) properties???"  …Mate, as Richard said, find another broker how can put you onto lenders with less stringent criteria.  On top of this, find/create a deal wi…[Read more]

Hi 14281239,Here's a bit of a success story to hopefully get you pumped to get out there and find one of your own.I live on the Gold Coast and a couple of years ago became interested in a little coastal town in SA after reading an article in API.  After a bit of research and making a few offers i jagged one.  I offered the asking price ($105K) be…[Read more]

G'day jaglions,There are few things you could do if you aren't happy with your val…1 get another val.  But before you do spend a weekend spruicing up the place eg. mow lawns, new mulch on garden beds, water blast drive way, wash marks off the walls, vacuum, etc. Present your house as if you were selling it2 do your own CMA and give this to the…[Read more]

Gday skuz,Termites are funny little critters.  Ive ripped out walls before and discovered that the termites have eaten a few studs then left a few and continued eating out studs further along the wall, so even if you find damage in one area it wont necessarily be contained there.What i usually do at inspections is give the walls a good thump with…[Read more]

Hi dreamscape,I'm currently renovating aswell and for my situation it's critical that i finish the job in order to get highest possible valuation i can, so to answer your question i think it's a great time to be renovating.  There are some great opportunities out there at the moment, it's a buyers market, money's cheap and rents are up so i th…[Read more]

Hi Mike,I'd prob go with option 2.  The corice cement should hold but if you were still concerned you could also use nylon masonry plugs aswell.  Have you had any quotes for your glass splash back?  I was keen on glass for my splash back aswell but the cheapest price i could find was around $350 per M2 installed.  I'm going with tiles now for ar…[Read more]