Are any of these great options affected by the fact it is a construction loan, i.e. I am building from scratch?Thanks heaps for the advice so farRegardsMike

Nice bit of activity here. I might also add that althought eh gross return is 10%, you will find that as these properties are so cheap, the rates and repairs and maintenance will throw them into negative cashflow territory anyways. I used to look at these cheapies but found that even if a place cost 30k, in Norseman, WA for example, and the rent…[Read more]

Wow, sounds like fun. And so did you put the pine polts in the same place where the piers ere? i.e. did you jack the floor up at each old pier, remove gthe pier, and then dig 2 foot deep in its place? And so now you have pine piers?

Thanks

Mike

“Its all beer and skittles really.”

I have a rental property in Kambalda, East Kambalda, and paid 74k for it 13 months ago. It is rented for $185 as it is furnished. It is fibro but in good nick. I recenetly had it officially appraised at $110k. The good news is is that the real estate agent who I have become quite friendly with asked me not to sell it as yet, even though there was…[Read more]

Ok, so here is where i have got to.

I have hot mopped the floors with a heavy duty bleach and left overnight, this reduced the smell a little, then I cold mopped with hospital strength domestos disinfectant and left overnight, leaving all windows and doors open, again, this reduced it a little, but i dont know how permanantly. I then removed the…[Read more]

Gday redwing,

Yup, I’m buying in Sydney too, prices have obviously been coming off for ages, and there are some deals starting to surface that are 20% or more below their peaks.

Bluey

“Its all beer and skittles really.”

I should also mention it has a window, is accesses by a sliding door from the kitchen and is about 4 by 2.5 metres in size.

Thanks
Bluey

“Its all beer and skittles really.”

Gekkoes being so small, its hard to imagine them trying to make off with too much of your stuff??

“Its all beer and skittles really.”

But when you reinstate the loan, is the security over the new property, or over a consistent property such as your own home. I am wondering how the bank does not stiff you for valuation fees and so on.

Thoughts?

Bluey

“Its all beer and skittles really.”

Amanda BS,

You just made my day. I’m on it.

Best regards

Bluey

“Its all beer and skittles really.”

And that one you mention there is the one I typically use, but am thinking twice about it now because where I was payintg $500 in Est. fees as an individual, now that I am operating through a Trust, the sting is $800 Est. Fees and then the $300 to bail out.

There surely must be a cheaper option than $1100 in fees alone on top of your…[Read more]

And that one you mention there is the one I typically use, but am thinking twice about it now because where I was payintg $500 in Est. fees as an individual, now that I am operating through a Trust, the sting is $800 Est. Fees and then the $300 to bail out.

There surely must be a cheaper option than $1100 in fees alone on top of your…[Read more]

Thanks all,

I have found a solicitor who appears to be reasonable priced, at around $1300 including enquiry costs and petties. This is much greater than the $795 on my last NSW deal, much much greater than my $455 conveance on my last WA deal, but much less than the $2000 or so including costs that most outfits in NSW seem to be asking.

Thanks…[Read more]

C’mon Guys,

surely there’s one person out there who has a solicitor that they can recommend. I’m looking to crank out deals, and am empty handed on the legal side of things.

Regards

Bluey

“Its all beer and skittles really.”

I bought a furnished 3 bedroom fibro shack in East Kambalda 6 months ago for 74k. A drilling company has rented the place from me on a recurring 3 month lease setup, paying $175 per week. This properrty is well cared for by the miner tennants, and I have done my research into the various mine lifes in the area, sop I for one, have no plans on…[Read more]

Sorry for being a dummy, PPOR stands for….?

“Its all beer and skittles really.”