I did that in my little unit on the Gold coast.  I got a quote for a builder to build a wall approx 3 m long.  Quote $2-3k.  Way too much for me.  So I built the bloomin thing my self.  Very proud.  Bought timber framing.  went on you tube to see how they build a wall.  Went to recylcler and bought a door in a frame, and a louvre door (which…[Read more]

Could be wise to start up a lawn mowing bussiness in Moranbah   

Hi Andy,Great Blog, good to see what/how other medium investor is doing.  Had a look at the 'Karls Mortgage calculator' , could be good, but wasnt sure how to analysis if property was interest only repayments.  Also have you sold property for less than what was owed on the mortgage.  I have a property in Cairns Ive been trying to sell for mo…[Read more]

Hi Ive just bought a motel type situation in Surfers.  Very small only 35m2.  Cba was fine with the size.  A little hasstle cause the broker said it was a serviced apartment, so it was declined at first.  But turned out ok.I only bought this one cause I have 4 options;1.   Owner/ occupy2.   Permanent let to general public3.   I can let out to h…[Read more]

Fisher & Paykel was good when it was still owned and made in NZ.  I had mine for 15 years, no hassles.

I know what you mean.  I have 2 properties that are besa block.  I definitely wont buy them again, there a pain even to put a screw in the wall.  I bought a little hotel unit in Surfers and doing it up at the mo'.  Ive used no more nails on the gibrock.  Its expensive tho' cause I use one tube for only 2  sheets of plaster.  I personally think…[Read more]

Does anyone no anyone in Brisbane or Gold coast?Neety

Hi there,Ive bought 2 properties in the last 4 months.  The CBA bank took forever to get things sorted, but finally it all happened.  The one thing that intrigued me was that on both occassions when I asked about the valuations, they said it was valued at EXACTLY the same amount of the loan I was applying for……In both instances the people l…[Read more]

Thanks Clint,Great to hear words of encouragement.  And also Richard for your knowledge.Neety

Thanks Richard your very helpful,I thought about line of credit but havent done a lot of research on it yet.  The loan is stand alone but secured against other properties.  So would I be wise to go to bank on Tues and ask to reconfigure loan as you've said above.?Neety

Woops didnt realise there was a page 2 !

Yeah, but better homes and gardens probably  have about 30 staff in the background that probably dont get paid for the work they do.  So $500 is just for the purchase costs of goods.Neety

Hi Ive had the opposite problem,  where I am purchasing a property, and I had to extend settlement 5 times!!I had a nightmare with the CBA, the Broker and the Solicitor were hopeless and not being pro communicative with each other.I basically had to take over because mainly the CBA were really really behind in processing loans. Ive been told they…[Read more]

Hi Clint,As a fellow Kiwi, very interesting.  I live in Brisbane and purchased a 2bd villa in Cairns last year,  1 month ago a unit in Shailor Park, and hopefully tomorow find out if finance has been approved for a small apmt in Surfers.  A little scary at the moment with job security, but I say 'Make Hay while the sun shines'.I would like to in…[Read more]