do what derek says, it’s easier than splitting the loans now, and next time you’ll split them.

You should always get a building report, for your own peace of mind, you can also use it in negotiations to reduce the price.

But if the report is bad, you wouldn’t want to buy it anyway, at any price and just becaue the report is bad, doesn’t mean the sellers are going to be any more negotiable, they still think it’s worth their price, in it’s…[Read more]

I started at 30 and retired at 39.
Came back at 43 and retired again at 48.
It does’t matter when you start, the hardest thing is starting.
When you do, you will love it, and you won’t beleive how easy it all is.

You just have to have the guts to do it the first time.

YES
But when you have paid their fee and found out all the things wrong with the place, what difference will it make to you, and more importantly, what difference will it make to the sellers.

Here in far north QLD, we sell the whole building for removal.
All depends on condition, 10g for not too bad, 20g for ok and 30g for good, costs about 40g to shift and set up again.
Some removal firms even buy them, set them up on another block and sell them off.
I wouldn’t be paying anoyone, I’d be looking at making some money.
Phone removal…[Read more]

I may have read things wrong, but $10,000 a square equates to around $1,000 a metre 2 ( square metre )
It can’t be $10,000 a squrae metre.
That would make each unit cost over a million dollars.

Negative gearing is the best way to reduce your tax.

It’s better to pay interest, than to pay tax, at least you end up with something.

Borrow and buy, the tax man will help you pay it off.

What rent do you expect to get, less rates,insurance + maintenance.

That should help you decide how much higher to go

Westpac charged me $4 for each number coded book, I’m sure other banks do the same.
If the tenants do it direct to your a/c, tell them they have to have there name next to it, otherwise you won’t know who it is and won’t be able to receipt it, FOR THEM.

Redhaven
You should get about 350 house allotments out of your 100 acres, at a cost of approx 25 to 30,000 to develop each block.
Do it in stages, a surveyer will know how many.

Anyhoo 350 blocks with a profit of around 40,000 = 14 million dollars.

If you let a chance like that slip through your fingers, I for one will never speak to you again.

As Byronent said,
it depends on the town, i’ve had up to 18 in one town, and still have 11, better the town you know well, than one you know a little about.

Timtam, I’m slightly dislexic and I probably can’t spell iether, but every time I see you name I inadvertantly read
TIT MAN
Sorry But I couldn’t hold it in any longer

Get another agent, sole agencies are for the agents benefit not yours, Trust me I’m an agent.

I’m 100 km from Cairns and our markets are completely different, let alone Mt Isa which is in western QLD, 1000 or more km away from here.

I’ve since been told that there are 2 sides in The Isa (as the locals call it) the stinky side ( smell or smoke from the mill ) and the other side.
I’ve also been told that the reason why the rents are so high there is because no one wants to own property there.

This is from an x resident, who left 12 years ago, so it may be completely different now.

Had the same problem, valuer was $ 400 G below the comparable properties presented to him, it made no difference, the bank went with his, until I got nasty, and now we are all friends again.

Tell the bank you will leave, and what they are going to miss out on if you do.

Worked for me.

I live near Cairns, too far North East I’m sorry.

Super Ted,
What the #@*% is an ICQ

Where in far north QLD

Wizard has just sold out to G E international.

I don’t know if that’s good or bad, but GE are a’holes.