gowide replied to the topic Renovation profit margin in the forum Value Adding 8 years, 4 months ago
pascoe, do you recommend any courses at present? I would like to chase low hanging fruit initially. I did a full reno years ago and did everything that sherie barber recommended we NOT do. Of course i found this out after i had completed the reno. And no i didnt make $ but raised the rent by about 300pw because it had an unused granny flat. What…[Read more]
gowide replied to the topic How to invest in positively geared property using infil laws in the forum Creative Investing 8 years, 5 months ago
I have been reading posts for 3 hours and this is the best post so far. I will let my buddy know about it as he already owns a house in woodridge so hopefully it meets the criteria above.
cheers
gowide replied to the topic When to do renos – tax implications in the forum Value Adding 9 years, 9 months ago
okay stuffing this up…thanks to both of you
gowide replied to the topic When to do renos – tax implications in the forum Value Adding 9 years, 9 months ago
oops credited corey and not you for your comments, i wonder if you could a second or two to look at my comments and reply please.cheers.
gowide replied to the topic When to do renos – tax implications in the forum Value Adding 9 years, 9 months ago
Thanks corey, makes sense to reno significantly, our broker has paired us with westpac and apparently is able to get a reval under 6 months…which he has done for other beinvested clients..I wonder if its because we only buy in major capital cities ( hopefully at a discount) and put in 20% deposits, stamps, and legals all upfront?
if you still…[Read more]
gowide replied to the topic When to do renos – tax implications in the forum Value Adding 9 years, 9 months ago
makes sense to reno immediately to increase equity/cashflow and access further deposits for next deal. Simple stuff that ive forgotten. Does your lender allow you to access equity within 3-6 months or do you have to wait a full year.
cheers