Hey Jamie,Where is your latest purchase/renovation taking place?

Well, its all finished now. Tenant moved in last week paying $340 p.w for 12 mths. My estimate was $320 – $330 p/w so I am happy with the result. We have applied to refinance our loan to unlock the equity after the renovation. Very happy with the result as the property is valued at $285k. I was working towards $265k – $275k to be conservative but…[Read more]

Hi goldies, Thanks for recommending an agent for me, I will be sure to give them a call. What are the best areas to target for high rental returns and potential to add value? I am only new to Sydney and dont live around there so unsure of best areas in the west to buy or avoid. Would prefer a 3 or 4 bedroom brick house over a unit where possible…[Read more]

I have only been with Professionals for a couple of weeks. My first impression was the pm I was dealing with was fantastic until after I signed the exclusive management agreement. I felt like I had to manage her all the time otherwise there would be errors. She has now left and I have a new pm.

The leasing agent there is very efficient and keeps…[Read more]

Jamie,My IP's are in Central and Lake Albert. I have looked at purchasing an ex H.C property but mainly in the area of Mount Austin. I missed out on 2 properties which were sold at auction by H.C last year.  I have owned the 2 bedroom unit in Central since Sept 2008 and it has increased in value by $35k and achieves over 7% rental return. I sel…[Read more]

Hi Jamie,

I lived in Wagga all my life and recently moved to Sydney.

I have 2 IPs there and looking for some more.

I would be interested in Syd as I want to diversify but as I have only been here for 2 months, I’m very unfamilar with what areas I should invest in.

Yeah Tarakan Ave has alot better street appeal than Buna. There are more owner occupiers in Tarakan where Buna has mainly tenants or housing commission so looks pretty let go.

Hey goldies,

Congrats on your purchase you have done well!

Can u recommend a good real estate agent you use when looking for properties to buy in the area?

Cheers,

Jac

Thanks for posting your experience in Wagga ajay, I found it very entertaining.

The part about tolland made me laugh as I have had similar comments made to myself.

A local lady yelled out at me once “Welcome to Tolland love, I don’t know why the f$&@ you would want to buy here!

The real estate agent didn’t know what to say and just…[Read more]

Updated before/after reno pic's – http://s1130.photobucket.com/albums/m538/jacqui_303/Hope everyone has had a lovely Christmas!

I have landlord insurance with EBM on my investment properties and they cover self managed and were even cheaper than T.S.

Hi naidaimee.

I have read every $1 you spend should add $3-$4 dollars in value.

Cheers

Jac

As we moved to Sydney when the property settled most of the work was outsourced. Major things outsourced- Kitchen, Painting, Tiling, Electricial, Plumbing, Carpets, Wall Removal (Builder). Handyman jobs such as replacing all the external/internal doors and locks, floor sanding and polishing were completed by my partners father. We completed most o…[Read more]

House Call,Just to confirm,I am not selling – It was a Buy, Renovate, Hold project. I plan to hold the property for the long term.And the figures you have calculated are not accurate. If you read further down the post you would see a change in figures.Purchase Price was $200k – The valuation at Purchase was $215k – So I bought it for $15k under…[Read more]

Hi viv

I bought the property privately off a guy I met so it wasn’t ever advertised.

The suburb is lake albert which is in Wagga Wagga NSW.

I don’t have exact figures yet but when I get time I can post them up or email them to you.

Jacqui

Thanks for your feedback guys. Catalyst – In relation to your question about if I would do it again – YES DEFINATELY, I loved the experience and it has really encouraged me to go out and do it again. In relation to any ‘hiccups’ along the way, I won’t go into too much detail now but Our Sander pulled out last minute and we were unable to get any…[Read more]

http://s1130.photobucket.com/albums/m538/jacqui_303/Hopefully this link works…

http://www.domain.com.au/Property/For-Rent/House/NSW/Lake-Albert/?adid=6839698This is the link – hope it works..Now I just need to put the before photos on

Hello everyone,Just reporting reno has been completed last week and property has now been listed online.Can someone tell me how I can add the link from Domain etc on here and also add the before/after photos?

Hi Lorraine,Thanks for your post. I think we will be able to get away with just scraping it off as it is only in a few patches. I found out contracts have exchanged today so settlement will be on 19th November. Very excited, now I can book tradies in with exact dates. What should the order be? I got told painting & floors last?