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bottum will probaly be around end of 09 threw to 2011 and then it will start creeping up again. you will prob pick up deals upto 40% less than a year or two ago. buying a property today or tommorow is good either way as long as you get it at a bargan price
Thanks I think i will get a renderor in this time because ive got to cover 250 sqm. but iam deffinitly going to try doing it on a smaller job
you will find some agents do that especialy the stupid ones if i was an agent i would present every offer because you never no what the vendor will do, Ive made offers that i no were never presented because the agent thought the offer was to low so i go past the agent straight to the vendor and sometimes you get a deal, he probaly never even took your offer back to the vendor
Probaly about $20k for the new pool and depending on access to pull the old one out the price would vary if you can get a reasonable size digger in and he demolishes pool loads it straight on truck it should be under $5k but if you have to have digger demolish pool and bobcat run the debre out to truck on road side then it may be more than $5k. Just get a couple of quotes, cheapest way would probaly be to buy a pool from somewhere and organise a local earthmover to sought the old pool and put the new one in
everything you have listed is quite simple for a contractor, and if the pool is buggered rip the old one out and put a new one in a new one is probaly around $20k. if you have a couple of decent contractors that will turn up everyday it should not take very long to do everything.
If theres money to be made out of this property then don't walk away, I think $30k to do the repairs is plenty but with out seeing it i can't be 100% i would try get $30k taken of todays purchase price and do the repairs properly.
Scenario 3 would be the way to go so you don't outlay your cash but the vendor is less likely to go for this and probaly doesn't have the money to spend.
Don't fill the pool in it will devalue the property and if you were to fill it in it will cost just as much because the hardfill you put in should be compacted and you will require machinery to do this.
Richard maybe thats what the $50k covered
Hi Terry, whats the current 2 year fixed rate with bankwest for commercial property
Hi if a house that i live in i sold in 12 to 24 months of purchasing so i dont pay capital gains tax and i keep doing this every 12 to 24 months of purchasing the next property i live in, And lets say iam paying 6% interest. And lets say over 10 years ive owned and sold 7 property's that i have lived in and i did not pay capital gains tax. would i be better of.
Or would i be better of to buy these and hold them all as investments. and pay tax on them in 10 years.But keep in mind i will already have other investment property's.
so iam pretty much saying i can pick up 100% cgt each time i sell a property that ive lived in or i can live in 1 property over 10 years and get 100% cgt on that and keep the other 6 as investments an pay tax.
which way would be better?good read thanks
whats the current 5 & 10 year fixed rates
sounds good some nice gains acheived
Thanks world yea i don't think its worth me buying the things as i don't no who the new tennant will be and i could be wasting $$.
I don't realy care that they take what is theres but stuff like copper piping for the hot water that is just stupid and the power cables it will cost them more to take these than the scrap yard would give them but i quess there pist i don't want to pay them any money.I thought if the tennant fixes something to the building then it stays with the building when they leave?
bit harsh scamp, anyway why wouldn't you invest in this when the economy is going down hill you would have to be a fall scamp not to find other ways to get your business extra work while things are slow, So iam sure billboard advertising would work unless you have no brain to think outside the square scamp
Maybe line of credit, But you wana be a good saver or you don't want to do it. if you start buying everything on your credit card you will probaly go overboard if you are not a hard saver you might fined in 6 months or so the bank comes and takes your house away
World changer you can get lower than 8%, I fixed at 6.4% last week and now there has been another interest rate drop so its probaly under 6% now, I heard rooma about 6.69% for 5y fixed i wish i got that one but never mind
Hopefully it doesn't quak then.
Is it zoned as commercial or residential.
If residential and your using the garage for storage they shouldn't be able to charge extra.
That would be like having a house an using the spare bedroom as a home officeThats a Nice return
Try this, Get hold of the vendor and see if there was ever an offer put to him/her. Iam thinking maybe you made an offer and gave the agent a deposit now there playing games with you to increase the purchase price. Its happend to me before and after contacting the vendor myself and talking to him i had a signed deal the following day and the agent dropped a large amount of his commision because he new he was not allowed to do this and he can get in alot of trouble.
But your deal maybe genuine and maybe the vendor does want more money for the property but to me it sounds fishy the way the agent dropped his commision and you would think the vendor would no how much his mortgage was before telling the agent how much he wanted to sell for, But you never no with some people.
Do your figures again and see if its worth buying because theres plenty of property's on the market for sale. so i would walk away if its only an average buy.
