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michael1979

  • michael1979 replied to the topic Laverton Victoria Suburb profile in the forum Help Needed! 12 years, 6 months ago

    luke86 wrote:
    Also, I doubt houses in Laverton North have increased by 44%. Maybe the statistics show that they have, but like for like houses certainly haven't. The problem with median house statistics is they are easily skewed by new developments or lots houses in a particular price point selling for some reason or another.Cheers,Luke

    I…[Read more]

  • michael1979 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! 12 years, 6 months ago

    Eddy123 wrote:
    ok I think I am going to pass on the funiture package now and think about it when the property is closer to a rentable date and also from what Michael suggested I could possibly be able to get away with furnishing just the required items for the tenants and save myself some money.thanks for all the invaluable comments guys.

    On a…[Read more]

  • michael1979 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! 12 years, 6 months ago

    Eddy123 wrote:
    wow you've done really well for a 4/2/2 with $8k, are you able to get decent enough funitures for this amount? No offends just taking some notes here.

    Yeah eddy i got a tennant in place and the company didnt require cutlery, pillows, sheets etc, basic just fridge,microwave, washer, dryer, lounge, tv, entertainment unit, coffee…[Read more]

  • michael1979 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! 12 years, 6 months ago

    hey Eddy123,   I furnished a 4/2/2 house in gladstone for $8k using 2 suppliers,  $18k seems excessive , id just get your property manager if youve picked one to set it up for you and give you guidelines on what companys/tennants require in there furnished leases. Then you can just pick items online  pay for it over phone etc if your inter…[Read more]

  • michael1979 replied to the topic depreciation shedule? in the forum Help Needed! 12 years, 7 months ago

    ill jump on this also, after a depreciation report for my property in gladstone bmt are so expensive, anyone got a recomendation?

  • michael1979 replied to the topic On the way to 2nd IP and trying to find the right strategy in the forum Help Needed! 12 years, 8 months ago

    Qlds007 wrote:
    MikeAn instalment contract is simply what it says a Contract where the agreed purchase price is payable in a series of instalments.Normally where a Vendor was unable to sell the property in the open market he/she may agree to sell the property by receiving from the potential buyer a given number of monthly payments. Interest would…[Read more]

  • michael1979 replied to the topic Selling CF+ to buy neg geared in the forum Help Needed! 12 years, 9 months ago

    hmm if the first house is cf+ why wouldnt he just get another thats slightly neg cashflow to offset it and own 2 houses?, he is gonna lose a bit of money with capitals gains and fees to sell. Isnt this they way to grow your property portfolio?

  • michael1979 replied to the topic Driveway in the forum Help Needed! 12 years, 10 months ago

    square concrete pavers? dig a bit of soil out, staab sand, level and lay? cheap option …..

  • michael1979 replied to the topic Top up of IP Loan to cover extra costs? in the forum Finance 12 years, 11 months ago

    Hey guys a new twist…      Ive been told i can adjust the amount borrowed on my ppor and transfer the resultant moneys into my ip loaneg i owe 200g on ppor i have extra payments of more than 20g so i can change loan on ppor to 180g  and add 20g to loan for ip.I can then use this money for ip costs and i dont have to refinace? hows this sound?…[Read more]

  • michael1979 replied to the topic Top up of IP Loan to cover extra costs? in the forum Finance 12 years, 11 months ago

    thanks richard for now ill ask another silyl Q?ok so i want to cover 10,000 in furnishings plus the 4,500 im short plus maybe some landscaping to do, so if i got a personal loan for say 18,000 and got the top up latter on , i can transfer that top up out of ip loan and into the personal loan and pay it out , and then all the interest will be de…[Read more]

  • michael1979 replied to the topic Top up of IP Loan to cover extra costs? in the forum Finance 12 years, 11 months ago

    thanks gents!hmm this is exactly what i thought, and the relationship manager at commbank says he does this all the time! and its fine!the problem i have is i dont have the timeframe to do the top up before practicle completion, and im roughly 4500 short in my loan to cover slab variations, looks like ill have to use cash which would be better…[Read more]

  • michael1979 replied to the topic Gladstone – The good the bad and the ugly? in the forum General Property 13 years ago

    shazfamily im about to rent out my furnished house in gladstone msg me if you want details

  • michael1979 replied to the topic Gladstone in the forum Help Needed! 13 years ago

    Delg, im currently building in a house in little creek atm, land was slightly cheaper than emmadale which sells at a premium although theres not much difference as estates are basically next door,  vantage is on the opposite  side of kirkwood road to emmadale/little creek but is really hilly blocks. make sure to get land surveyed or slab type c…[Read more]

michael1979

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