I've got access to 80% of the purchase price in cash and can make somewhere between $150-$200 +CF per week after all expenses with 20% left in but i need to pull that other 60% money out of it but could leave 25%-30% deposit money after the Reno which is mainly all cosmetic and I'd give myself three months from today to get it all done, maybe…[Read more]

I can't be under auction rules. There has been no auction terms and conditions read out and or stating a start of an auction. I don't think the agent is making sense according to the action act. Still a vendor is quiet within there right to object to a subject to finance request.

That's not a bad idea and it makes sense but with what conversations i'v been having… the agent is firm firm firm on all this about it being the auction process. He's only a young bloke 9 months in the Industry.Well, i say the vendor is saying it must go unconditional but they are probably under the agents suggested strategy! The bank is taking…[Read more]

How ya doen?It's Victoria!

I calculate everything right down the last red cent and keep a running tally of all the renovation costs in an online spreadsheet as i go. A calculator here to play around with the variables!http://forpropertyinvestors.com/blog/number-crunchers/property-investor/

These have been brilliant. Thanks very much for the reports Mike. This insight really changes the way i structure my offers.

This seems to fit the discription! http://www.realestate.com.au/realestate/agent/wee+waa+properties+agency+co+wee+waa/iqkdwj/page2/105299643

This property is negatively geared currently and a little over neutral if all tenanted but with 75%-100% occupancy probably neutral unless some effort is gone into management and securing tenants. Where is it that you earn the $300 or $400 a week?

The last time i consulted a private town planner and drew the plans to which this town planner had been an employee of the Council previously and stated that they would be fine! Then to have them sent back twice until i had to seek a Draftsperson to draw them up pretty much the same as i had done at $1320 delaying the project couple of months. I…[Read more]

I think the bank would get a shock along with visitors to the house. It's not as small as the nurses home room i resided in (2.5×4 mtrs) for a couple of months that was then a whole nine Government dollars rent per week.

Thank you.Is there any Draftpersons in here. Have you put small designs through Council and what's the smallest type of low cost finish dwelling that could later be expanded upon such as carport, shed, deck etc making separate Building Applications as you go. Will Council take plans drawn from an owner but not an owner builder.

Latest tips i learn was. 1). That often it's paint that is raved about that adds so much value and is cost effective… not taking a hell of a lot of time to do. Paint is undeniably a great tool. But the refreshing ease of watching a skilled driver unload blue metal gravel to form a low maintenance 'total' rear area topped the painting for how…[Read more]

$36,500 for regional Victoria.

I tend to focus on the opposite for number 5 because i have found that you can make positive cash flow in undesirable areas ignoring any need for growth which is not in the current Australian property market mostly. What could look undesirable can be made to look pretty in some other cases as well. And that that does not look pretty is a diamond…[Read more]

The government extended the grant! Anyone know exactly what amounts that means for Victoria for both buying old and or newly constructed. If the changes announced last month by the Premier and this new boost announcement in last nights budget building new in regional Victoria adds up to $35,500?  Because the boost would be included in this…[Read more]

Your first deal is an excellent one why not repeat. How much did you spend on it?

It will be illegal to claim the grant each in the time zones you are considering mainly because as a couple you can only claim one grant by law. Seek clarification at the State Revenue Office (sro) web site. Or ring them up for a chat you will get through to someone helpfull quickly.Interesting and helpful strategy to buy a property. I guess the…[Read more]

Anyone that does not buy Buyer Beware is inequitably and undeniably mad.

Hi,     To send a private message roll over the members name when browsing the forum. Click on the members name. A drop down menu will appear. Select the View Public Profile and progress to sending a private massage to any member that has private messaging enabled by clicking on the Send Private Massage button.Daniel

The government will choose to extend the grant if they can.If you knew for certain waiting until after to buy if it was not continued could yield you discounts compared to the current market.