Thanks Terry

Hi all,

First of all, thanks for all the inputs.

The reason why I want to start now and don't want to (well I can at the same time) reduce my debt is, I plan to buy my first IP, then after considerable amount of time of holding (1-2 years), I can benefit from capital gain (not negative gearing, aiming at positive gearing or neutral), then sell…[Read more]

Hi Wilko,

Thanks for your input, I've never heard of scrapping report though.

Will browse around for quote.

Thanks.

Regards,

Nue1

Thanks for your PM D, I just PM you back, and again thanks for all advices.

Nue

Can the property manager act as my project manager?

I'm planning to renovate-hold, and revalue to get equity out and purchase another property, that's my plan.

Thanks.

Nue

Thanks Jamie,

I'm just trying to find a good solution for renovation while doing everyday job!

Thanks JacM.

From what I can see from her (dwolfe) website, she specialising in Melbourne metro areas, not sure if she does Sydney regional areas, will ask her on that later on.

These are the steps I will do:
1. Order all the stocks, keep them at the property for tradies to go and browse his.
2. Get tradies to come and do their job.
3. Once each…[Read more]

The cosmetic renovations should take about 3-4 weeks I believe.

So I don't think a 4 days sickie for 4 consecutive weeks is cool lol

But that sounds like a something I can do after the tradies had done their part and I just go and check.

Is it wise for me to let the tradies do all the job and check it afterwards?

Few suburbs: Narrabri, Gunnedah, Armidale, Parkes, and Albury

Also any recommend BA for VIC and QLD will also be great.

Does JacM do all states? or just NSW?

Thanks.

Nue

That's  what I was thinking and what I will do for anywhere I have to drive more than 800km.

Jamie, since you are in Canberra, do you know any BA for NSW?

Thanks.

Regards,

Nue

Would people use BA for interstate IP?

I'm also considering BA for IP that I cannot drive there.

Just found this in the new current Development Control Plan 2013 for Mudgee Mid-Western Council:

"All dual occupancies must have direct street frontage; that is no dual occupancy can be
developed in a battleaxe arrangement."

Does this mean that, development for another dwelling at the back of the existing dwelling is impossible????

Thanks JacM

That's all make sense now.

Coming from a non english background sometimes these confuse me a bit.

Regards,

Nue1

Anyone help please?

Hi all,

This is in Mudgee. I'm planning to start my portfolio there. Quite a challenge I think.

Anyone can explain me what's the clause mean?

Thanks.

Regards,

Nue1

Hi Richard,

If you don't mind, please email it to me as well. [email protected]

Regards,

Nue1

It was a great night indeed, attend but left early due to work in the morning, would like to apologies for that as well.

Thanks to Richard and Nigel for informative night, hope we can have meeting like this again in future!

Nue1

– Contour survey by registered surveyor
– Preparation of working drawings
– Council application fee or Complying Development Fee
– Construction Certificate
– Engineers slab design
– Sydney Water/Hunter Water fees (standard approval)

Are these cover the whole thing Shahin? Or have I miss anything out?

TheFinanceShop wrote:
Nope surprisingly that's not right. Make sure you read the Building Contract in great detail.

Regards

Shahin

Alot to learn, won't know I see the big and long contract anyway.

Thanks again Shahin.

Nue1

Very interesting to see that the prices of the builder charge for construction includes nearly everything that needs to be done, basically I only need to obtain block of land and contact the builder, and that's it!

Question for experienced investors though,
– I believe the downside for having builders do everything, ie. they will charge more…[Read more]