Hi jambv,
The weekly rent appears to be good but there are few things you need to consider:
* Units in retirement village usually have limited capital growth
* You have no option but to rent the units through the management company.
* You can’t really add much value to the units because of its limited usage (that is retirmement unit)
* Check the…[Read more]

Hi Jenny,
I think the answer depends on the extent of damage and the type of tree/s causing it. Are the trees still growing or fully matured?
It might be worth getting few tradesmen to come and give their opinion and quotes.
Regards
Sanjiv
******

“There is no passion to be found playing small – in settling for a life that is less than the one…[Read more]

Hi jambv,
You can get the information from the council. I think they will charge some fees.
Regards
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi timothy_us8,
There are comapnies/people that offer mentoring programs these days. For example,
* Steve McKnights offers RESULTS program,
* Source Wealth (www.sourcewealth.com) offers 12 month mentoring,
* Dymphna Boholt has a similar program.
Alternatively, you can use the services of a buyer agency who will guide and assist you in the purchase…[Read more]

Hi investhut,
Although you mentioned the unit is 6 years old, please make sure you allow enough time for due diligence and make the offer subject to:
* building & pest inspection, and
* bank valuation
I am buying a property where the bank valuation has taken a long time because of not having comparable sales. I do not know which area you are…[Read more]

Hi
My preference:
# 2
# 3
# 1 (with the arrow going to the right side rather than left. I believe arrows pointing up and to the right show progress)
# 4

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi jambv
Thank you for your response.
Regards
Sanjiv
******

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hiya,
I think this was a good post. Its been a while since anyone has updated this post.
I am looking at properties in Frankston and dandenong areas.
Regards
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi Equitybuilder,
The cash flow is calculated after making provisions for repairs. The amount of provision for repairs depends on the age and condition of the property. I like to make a provision of 5% of rent for such repairs. And as you said, the risk of any major problem is covered through insurance.
regards
Sanjiv
******

“There is no pas…[Read more]

Hi azmiahmad,
I think you need to really think about what you want to achieve from your propeerty investment:
* If you have decided Melbourne is your the target investment area then you need to let go of the idea of positive cash flow unless you make a substantial cash deposit (as suggested by Michael).
* If you want both cash flow and capital…[Read more]

G’day Nathan,
You’d normally split the semi-detatched property into two titles to sell them separately. Generally you will make more money from selling two properties rather than a pair of semi-detatched. Also, at the time of subdividing one should try to assign land to both the titles and minimise any common areas.
Regards
Sanjiv

“There is no…[Read more]

thanks to all who replied.
Does anyone know what the minimum land size is to subdivide in Frankston, Frankston North or Frankston South?

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Holding the property in Darwin should not affect your. In fact, the positive cash flow should help improve the serviceability for your future loans.
Experience comes from time and practice. However, you can overcome the shortcoming by building a team of professionals around you, that is, good accountant, finance broker, property manager/s, maybe…[Read more]

Full marks to Mr Morgan Vicks for trying.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Thanks salacious,
Good luck with your future acquisitions in the area.
Have you had any troubles with the tenants and/or neighbours?

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

good one, mate!

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

hi mdavo1
Let us know how you go with the negotiation.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi as41,
I like to do conservative calculations and use rent before any expenses and price of the house including closing costs.
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi vic.nt
First of all, welcome to the forum.
If I were you, I will hang onto the unit in Darwin as it is putting cash in your pocket. Also, from what I have seen, Darwin has experienced capital growth as well, so it is a win-win situation there.
Hope this helps.
Sanjiv

“There is no passion to be found playing small – in settling for a lif…[Read more]