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  • Profile photo of menteementee
    Participant
    @mentee
    Join Date: 2006
    Post Count: 44
    September 30, 2006 - 11:00 am

    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 place of the house, you can put a couch and it will slide to the other side. :)))
    Cheers guys.

    Profile photo of menteementee
    Participant
    @mentee
    Join Date: 2006
    Post Count: 44
    September 29, 2006 - 11:31 pm

    It is a brick veneer house actually

    Profile photo of menteementee
    Participant
    @mentee
    Join Date: 2006
    Post Count: 44
    September 29, 2006 - 10:25 pm

    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

    Profile photo of menteementee
    Participant
    @mentee
    Join Date: 2006
    Post Count: 44
    September 13, 2006 - 12:36 am

    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.

    Profile photo of menteementee
    Participant
    @mentee
    Join Date: 2006
    Post Count: 44
    September 12, 2006 - 12:33 pm

    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

    Profile photo of menteementee
    Participant
    @mentee
    Join Date: 2006
    Post Count: 44
    September 12, 2006 - 7:57 am

    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, yarraville, maybe sunshine).
    since this area is close to the CBD, and within my price range around 250k.
    Anyone got one around this area, any suggestins???

    Profile photo of menteementee
    Participant
    @mentee
    Join Date: 2006
    Post Count: 44
    September 11, 2006 - 10:31 am

    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?

Viewing 7 posts - 21 through 27 (of 27 total)
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