Hey well done
Looks nice:)
The only question I had is even though you have spent 20k + 585 for house if u add stamp duty is it fair enough to day u broke even at least?
There are a couple of things to consider for now and the future.
1) call you pm and ensure you will get your bond back .
2) have you got land lord insurance?
3)I would be talking to your pm and see what screening process they have used to get this tenant.
4) 3 week seems odd as most tenants pay on monthly cycles.
i used used to work in real estate between in the age 0f 24 to 27. I’m 30 know and I returned to the logistics industry (my forte).
i made a very decent income in working in real estate but I was time poor. Always working!!!
I had a share in a rent roll which I recently sold, but the knowledge I have learned is amazing. I can know apply these skills when looking at property.
developing can be quiet rewarding but I understand the game is changing and evolving all the time.
I think there is market for that… Also introduce your self to real estate agents in the area. You will be surprised how many opportunities will present them selves.
The best way to learn is through experince, Message me your details and will keep in touch… Your skillds are handy!!!
flipping properties in this climate can be difficult… Reason?
Stamp duty, cost of selling and capital gains tax do eat into your profits.
Have you thought of reviewing your loan portfolio? Maybe talk to a broker like Jamie Moore And see if he can do a health check on your loans
I have renovated a couple and flipped and made some nice coin the secret was to buying the properties at under value, renovating them slight and then on selling for a profit..
im in the process of settling in a bargain of the century, thanks to my parents wanting to get rid of a property.
the Vic market is headed for some interesting challenges.
from my point of view if you market your own business you should be busy like no Tommorrow, with the block ending and living in Windsor your in prime territory!!
1) I sold allot of my shares due to do many external factors effecting the market. China issues, war in Ukraine and earnings falling short for allot of companies
2) why Geelong "etc" doing allot of research in regards to Geelong, both federal and state government are looking at pumping millions into the area.
Talking to locals the area is transforming from a manafactuting hub to a service hub.
All in all the way in looking at buying is at buying the property under market value
Hi
I’m from Melbourne and I deal with Jamie.
I have just completed loan through him.
I went through him for two reasons:
1) structure was set up to suit my needs not the bank needs
2) he also clearly identified my goals and recommended a loan that suited me
Ps his a good family bloke who puts his family first, such a important trait!!
Long time no speak, I am not longer at my other company, here is my new email for you anyway [email protected]
On Thursday their is going to be some big news with Qantas and with any one saying that the Australian economy is looking good are not only lying to other but themselves.