Forum Replies Created
- 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,
LukeI believe these median house price rises are due to williams landing being the same postcode? or at least included in laverton prices, and house prices are significantly more there in new estates.
just my 2 cents..
Michael
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 another note I had property advertised fully furnished by property manager and didnt buy anything until tennant/company was found and they gave a list of what furnishings they required, it was all pretty hectic but was done in a week apart from outdoor setting taking 2 weeks, this means if a tennant is hard to find at price you want "furnished" you can always change it to "unfurnished" and youve had no outlay. Sort of a win/win situation i thought.
Michael
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 table, dinning suit, outdoor setting , 4 queen beds and mattresses. Companys dont care if its top of the line just a good standard.
Just pointing out that you only need to purchase the minimum required by company, super amart have been a good source for beds/mattresses etc.
you can finiance the loan for the build, and get a top up to cover the finiance of furniture at completion, you can then still claim everything
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 interstate, well thats what i do. a good property manager will do this and only charge for desposal of all the rubbish boxes etc, if they want your business.If theres a demand for furnished property in emerald, which i would imagine being similar market to gladstone you may get 200-300 per week more furnished which will help increase your ROI , and if your furnishings are cheap you will recoup this cost quickly,
cheers Mick
ill jump on this also, after a depreciation report for my property in gladstone bmt are so expensive, anyone got a recomendation?
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 be charged on the initial purchase price and the balance would be reduced by the principal reductions amde over the term of the contract.
Title remains with the Vendor until such time as the final instalment (whether this be a number of contractual repayments or a lump sum payment) is made and the Title transfer to the purchaser.
Cheers
Yours in Finance
Richard Ive been considering vendor financing, do you set up the wraps yourself is there somewhere to find good advice on this set up?
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?
square concrete pavers? dig a bit of soil out, staab sand, level and lay? cheap option …..
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 loan
eg 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?
thanks in advance
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 deductable as its all used for ip, as long as i dont spend money on personal things out of this personal loan? and personal loan fees will be deductable too?
as the personal loan(higher %) would only be for a short term maybe 2 months this seems like a good option?
thanks
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 served on my ppor, are there any other options?
shazfamily im about to rent out my furnished house in gladstone msg me if you want details
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 costs fixed in contract as most blocks slabs need to be upgraded to p type or higher adding 7-11g in extra costs, this whole area seems nice and is all recent with new woolworths etc being built.
hope thats helps.
