Forum Replies Created
Oh right… the opportunity has probably passed now, but according to a RE agent I recently talked to the older houses have good resale, especially if they have original features. People like them unrenovated to do their own thing. Highly priozed in many areas of Qld. But it probably depends a bit on the suburb/town. People actually buy them from regional areas and move them onto their own blocks (which might be what hapened to your potential one!
LCHi,
If I understand the question, you are just buying the queenslander and moving it on to some land. Have a look in the Brisvegas papers there are always houses-only for sale by movers and you can get an idea of prices. They usually go for anywhere between $35K and $150 depending on their condition and this usually includes stumping. In some ways an older one would be worth more if it has its original fittings etc.
LibraCharlie.
Hey, Thanks everyone, makes sense now! LibraCharlie
Both names on the title and owned 50/50. The financial side is relatively straight forward I think. What I’m thinking about is splitting the euiqty etc. We bought for 342K and now it’s worth 600K, loan is around 315K, so to buy out the ex we need to take up a mortgage to cover the exiting plus give him half the rest – oir are there other costs we need to split (as opposed to us covering)?
Cheers, LC
Hi,
We have been to this seminar and it was pretty good. They do a bit of a sell of their partner businesses and then at the end of their mentoring program which costs $7000 for a year, but it’s a pretty soft sell and they leave you alone if you aren’t interested.
They do a proprty game where they simulate property investing over 5 years. You buy properties – they are real ones that have been purchased by them or customers recently – so you get an idea of how to use equity and how to bargain with RE agents etc. Fun and worthwhile.
You can probably get a better deal than the $400 but you need to bargain with them!
Cheers.
