Forum Replies Created
There are cf+ properties out there….I could, in theory, build on a block I bought, get it rented and together with the depreciation, would be cf+. I think land is the key…
Building is still fundamentally the cheapest way to create an instant cf+ IP, in my opinion. In terms of "finding" a property, yes I think these days are generally over in the CBD locations, rural areas seem to be out of reach also. However, there are occasions when a dogbox pops up, and with a lick of paint, presto, it becomes cf+. Good luck all…To the people who talk about Steve's books, would you read the 5 year old paper for today's news? I don't think so…
HHmmm…I think there is a bit of over analysis to my post here…can you see the thumbs up???
Look at:
– recent sales
– put dollar amount on extras you have in your home
– read the paperThese 3 should get you your value…
OK, if its long term, and because its Ipswich, I would say make it "rentable" so that it brings in at least a decent income and wait…this is relatively cheap for you to do, will be easy to hold and easy to do…building has its advantages, but also a lot of disadvantages. If I was in your shoes, I would think about maximising cf, therefore easier to hold, and use the extra income to purchase another, maybe even in Ipswich…. A tough one Daniel Son….
pwinne wrote:Hi,I've just been through a similar process.
We own our PPOR outright, and are buying another PPOR. We are taking a deposit from our current home until we move. We had planned to rent our original PPOR but of course the interest is not deductible, so its just simpler to sell, move house and use the proceeds to grab another couple of IPs
However, you are deriving income which you can then use to make the new repayments. I think perhaps some number crunching is in order, AND lets not forget CG…
I have a 1998 Holden Combo…the "barina, come postie van"…its so bloody handy that I just can't get rid of it…and NOTHING has gone wrong with it since 2002…fingers crossed. I also have a 2002 Ducati Monster 620, to make up for putting around in a gutless van…
Wife has a BA Falcon….
This question is a little bit general, but by the sounds of it, you are looking at about average $3000-$5000 if you get them to do everything…also depends on the fittings I mean you can buy a hand basin for $300, or $3000….tradies prices are very different also…
Don't forget Marge that OP scores are also heavily dependent on the cohort…
I think you should chane your topic title to.."What are people's opinion on renovating?" and then proceed to post the same as you did….you will still get responses, but perhaps you will not com across as negative…AND, you may learn something from opening your mind…good luck with your new found view of renovating…
Um, I think the original post was referring to public schools…I'm a teacher and thus my opinion leads me to Kenmore SHS. I think basically almost all the SHS in Brissie do very well these days in terms of OPs. You have to remember that here in QLD, there is now a major push towards traineeships, VET subjects and apprenticeships, which leads to a scenario where the majority of students that sit OP tests are those wanting to go to Uni and therefore, better OPs are a result…hope this helps, PM me if you would like more detail about the QLD system…
I think you could almost do both….buy your PPOR, then access the equity again to buy your IP..good luck!!!
Building is still fundamentally the cheapest way to create an instant cf+ IP, in my opinion. In terms of "finding" a property, yes I think these days are generally over in the CBD locations, rural areas seem to be out of reach also. However, there are occasions when a dogbox pops up, and with a lick of paint, presto, it becomes cf+. Good luck all…
