Agree with above thought. Looking at the figures, it would appear as though it is slightly cheaper for her to stay in her place and pay the minimum repayments.

J.

True, you sometimes have to create +ve CF properties, or, find them, which you can, but you will have to search.

Approvals are an issue yes, also, have you actually had a look at what the cost of moving a house is. Getting it lifted, transported and set again?

If that is a true situation with the properties that you say above, and depending on…[Read more]

Kempsta,

It’s spot on. It is an excellent bet to hold off for a while yet, there will be, as said above bargains and positive CF opportunities arising. As long as you don’t just dive in like others did.

Good luck.

J.

J.

Get into it John, good stuff.

Not to stereotype an area, but Beenleigh? Will the tenants be very good? Probably a good idea to take taht into account….low maintenance, easy clean, durable etc. therefore I question carpet and anyover expenditure.

FYI, I completed a reno on a townhouse at Birkdale late last year, sold early this year. Tiled…[Read more]

Nice one dazzling, dazzling performance even.

Tend to agree, keep it simple. 50 properties! it is not the quantity, it is the quality(ie:time and money).

Keeping a mortgage open is always good. I like option two, and also the above “dazzling idea”.

REnting…..eeek. That is what people are supposed to do for you! You don’t need to do…[Read more]

Depends on what type of reports you are chasing. On sites such as the above mentioned realestate.com.au you can do searches on previous sales etc. but normally at a cost. Or if you are buying through an agent, get them to do some work, tell them what sort of information that you want, and have them provide it to you. Obviously on paper and…[Read more]

Just a quick one….

Possibly you could increase the loan on your rental property(make it as much as possible) and have a small loan on your “principal place of residence. It is always quite handy o keep a loan open somewhere along the line, even if you have the ability to completely pay it out.

PM me and I can give you a good contact in both…[Read more]

Yes, this renovation spreadsheet would be excellent. I have completely two reno/sells, and have just begun another, unfortunately I have not had the time to create a decent program for the initial feasibility or even the completion study to see where I am making money and areas wher I am not profiting- therefore wasting time and money. I will…[Read more]