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Hi Jeffery, I am just a humble draftie
there is no magic formula as to how many or how long.. do your homework.. read the papers, go to auctions, take to agents…
and when the deal comes along grab itGreat bones to work with !! I agree re kicthen , check out bunnings and also budget kitchen suppliers. Some places have a standard kitchen that may work for you. In bunning you can get kitchen guides with grid and sized cupbd to layout.. dead easy to use.
Hunt around at Joyce and Harveys for kitchen package bargains. We got an oven, ceramic cook top, range all in stainless steel, plus a bosch stainless stl dishwaher all for $1500 !!! the dishwasher was the old model and was $200 under cost price. cheap and looks great in a IP.
wash the walls well. Use a quality brand 3 in 1 undercoat sealer prep coat. Spend the extra $20 on a good brand… you get less splatter and a better new surface to start with. If you want to u can use this on the celing too. It may be worth getting 2 smaller tins and having one tinted to your wall colour.. saves time later as you only had to add one top coat to the walls. a good celing paint is worth as welll nothing worse than needed to recoat 2 times to get coverage.
consider panelled splashbacks in the kicthen as they are easy to fit.
love the idea of a brekkie bar.. so usesful in small flats.
make sure u take lots of before and after pics so you can enjoy your hard work laterdont put aside mid st blocks. I was lucky enough to pick up 2 places back to back.. ! 2024 sm total, we can subdivide to a battle axe with dual occupany in the middle block easliy as we have 4.5-4.7m from the side boundry to the eaves… our council has a min of 3.5m for driveways on battle aex so its a no brainer. the min block size is 450sm but 650 for a battle axe blk so we can onlhy get 3 blocks but we can do dual occupanies so its 4 rents for price of 2 plus building
Never thought I would score a deal like that
We have been using them for 4.5 yrs and up till now ( well april 2009 ) , no probs…
very disappointing they dropped the ball and failed in their duty of care.. the hard part with this was by the monthly statements all rent was paid… so its deception by their part as to the rental arrears.. I had no way of telling until I asked then requested a copy of the tenancy ledger which shows the truth.cant wait to be rid of them… ended up using flyers at mine sites to get my own new tenant, and they will take 1 weeks rent for that too… but its all for long term gain.. $6K in my bank not theirs. My this time next week they will have a 30 day termination notice as my managing agent.
Yes the only person who really cares is the owner, but when u pay a premium of 10% managing fees ( closed market and they know it when they charge ) you do expect something back for it. They have a large number of properties they manage in that area… so I hope they are not doing this to other investors as well.. look after the locals at our expense !
