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Viewing 13 posts - 1 through 13 (of 13 total)
  • Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    February 17, 2014 - 6:08 am

    Hi All,

     I have email with my offer and agent not happy and she think its a mistake. LOL. So what do i do now?

    Wait and put new offer? 

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    January 24, 2014 - 12:36 am

    HI,

    Love it but where can i buy around 500K in Brissy with Positive cash flow?

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    January 23, 2014 - 12:14 am

    Hi All,

     Thanks, Ok thought of going in this path and let me know your views.

    This year buy 1 -3 Properties  – purchasing price of around $500,000 in Melbourne Inner City Apartments

    Looking these apartment market is forecasted to grow 6%-8% over the next five years

      MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    January 15, 2014 - 11:14 pm

    HI,

    I'm also looking someone in Melbourne. 

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    January 15, 2014 - 10:48 pm

    Hi Redwood,

     You mean renovation or Build?

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    January 15, 2014 - 10:40 pm

    Big Thanks to all of you.

    I have 10-15 years to Invest but i need a Plan or Strategy to learn.

    If i have $ 1.0M to Invest where do i invest or how? 

    Two or more properties in growth suburb or one in Inner city suburb?

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    January 13, 2014 - 5:41 am

    HI,

    This property is sitting there costing me money every week . But 100K equity create during this time. ( 2010 To 2013) If the subdivide and build project is not the option.

    can cosmetic renovation make rentals high? 

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    January 7, 2014 - 1:15 am
    yellina wrote:

     

      If you have 763 sqm in Wantrina South, Which is a good are in Melbourne. I think you might squeeze in 3 properties.  

     

    HI,

     How this help please explain? i thought two specious houses are more value than putting 3.

    MI 

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    December 23, 2013 - 1:08 am

    Hi Ryan,

    I like to keep this Properties after developed and also want to know how its look like this Development journey. LOL

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    December 18, 2013 - 12:10 am
    Jamie M wrote:

     Generally speaking, my preference is interest only on all loans with an offset linked to one – and that's usually the owner occupied loan if there is one.

    Jamie

    HI Jamie,

      What is the tax benefit with LOC setup?

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    December 17, 2013 - 11:59 pm

    HI,

    Can we claim costs associated with demolition of House ? Then I'm going to build two houses in that property.

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    December 17, 2013 - 11:44 pm

    Hi ,

    Thanks, I was doing bit more research and found following in this area.

    1.http://www.realestate.com.au/property-house-vic-wantirna+south-115047763

    2.http://www.realestate.com.au/property-house-vic-wantirna+south-115277471

    Median property price:  Buy $621,000  and Rent $420

    If i put those calculation into above. 

    Buy Price              $475,000

    Plans and Permits ,subdivision, demolition:  $  35,000

    Building costs        $550,000

    Total Costs            $1,060,000

    Estimated Sale cost House A . $ 620,000

    Estimated sale Cost Unit  B     $ 620,000

    Total end values: $1,240,000

    Potential gross equity to be created:$180,000

    Estimated rental returns:47,870

    Gross yield on completion of development:6.7%

    Again Interest ($4.2K Per Month) and depreciation didn't count?  Both of us are paying 45K TAX also.

    MI

    Profile photo of MelbInvesterMelbInvester
    Participant
    @melbinvester
    Join Date: 2013
    Post Count: 17
    December 17, 2013 - 1:12 pm

    Hi Wilko1,

    This is just number without any details research. Thought of build 2 x 4 bedroom Houses.( 26 /M2)

    Buy Price              $475,000

    Plans and Permits ,subdivision, demolition:  $  35,000

    Building costs        $550,000

    Total Costs            $1,060,000

    Estimated Sale cost House A . $ 550,000

    Estimated sale Cost Unit  B     $ 550,000

    Total end values: $1,100,000

    Potential gross equity to be created:$40,000

    Estimated rental returns:47,870

    Gross yield on completion of development:4.9%

    I'm not sure where is the Interest come into play and no income for 6 months ( Construction Time) ?

    MI

Viewing 13 posts - 1 through 13 (of 13 total)