Thanks for all your input guys,
The auction was actualy today (this morning).
and i decided not to get it, although it sold about 60k cheaper.
i just think the whole place was too messy and realistically I need a bulldozer and start over just to be safe.
I found more problem than just the stumps, the ceiling were cracked everywhere, and on some…[Read more]

It is a brick veneer house actually

Thanks guys,

Jaffa you’re absolutely right, there is a brick wall cracked due to the movement. how much would you put aside for fixing the brick wall?
Cheers

I have seen any property in this area for private sale. i guessed it is rare to find one these days.
Quoted “However, if you can find a motivated vendor combined with a slow market an auction could be perfect.”
What is the indication for the above?, or you just come and see on the auction day??
I’m sorry if i’m slow, I am still very new in the game.

Does anyone know whre to grab sold prices for west footscray area, for 2-3brs house? and another question is what sort of commitment you getting into when you win an auction?
Thanks for all your replys, guys
cheers

Thanks guys,
so pretty much ($500) is too negative?
i’m assuming that for your first IP, you have to start with -CF. You will be considered extremely lucky if you can find a property with +CF on day one (except apartment, you got no CG though, correct?)
I’m realy keen in getting a 2-3br house around western area (prefably west /footscray, seddon,…[Read more]

Thanks Simon.
Here is another thought.
What if i bought the house and use the FHOG benefit, rent out the other rooms to help with the mortgage.
Anyone out there done similar? Is it too much to maintain your property without RE agents? What do they do anyway,real-estate agents?