Does PM fees include letting fees?
You've use 52 weeks rent. Do you need to consider where there'll be a period where there'll be no rent? When I first get mine, I've got 3 weeks vacancy before the tenant start moving in.
Oh I think I came across a newsletter from washington brown that they are offering 1 yr YIP magazine if you get it from them. I believe they are quite well known in this field as well. The 1 yr YIP may be before 1 July though, better check with them.
I’ve looked into building a retaining wall for my ppor. All of the quotes are on the high end. It’ll definitely be cheaper to do it yourself.
Other than treated pine, it’s also better to have the plastic behind the sleeper, to prevent them from rot and last longer. You’ll also need agi pipe for drainage. Scoria on top of the ai pipe.
If 1 building has 10 floor and each floor has 10 units, that’s 100 unit.
If all of them become available for rent at the same time, it’ll be very challenging to find tenant.
How many buildings are going up at southbank you can see for yourself.
I also do see potential in Geelong, but do your due diligence.
Sorry to be off track a little. Obvious house with land component will appreciate the most, but what about comparing villa unit and apartment in the same suburb say canterbury, vic. I’m thinking capital growth would be pretty similar given both has limited to no space for expansion. Is this correct?
Richard had help me out in the pass and you may want to check with him, but for me
it is very important to understand how much I can borrow first and structure correctly for the most tax benefit.
From there then decide how much you really want to borrow,
Look for property
Do the calculations
Bought an IP and I’m worry that the rates, body coporate, water etc letters will be sent to the IP address rather than to my PPOR. Was wondering what do you guys normally do.
ALF1 wrote: Identifying Risks – Begin looking for a property manager early in the purchasing process. Interview and select the property manager before you settle. Your real estate agent will be able to keep an eye out for tenants before you even have the property in your name! Finding a good property manager early can help to lower the risk…[Read more]
Hi,Just want to thank Richard for helping me sort out my finance, especially on the valuation. Initially value at 720k, then bump up the value to another 100k more.Thanks Richard.