Forum Replies Created
Hi McHenry,
I have a wrap pack for sale @$500.00 but it doesn't have a lockbox?
There are 7 seperate packages in all (video,CD and manual in each) and in perfect condition.
If your interested just message me.Regards
RBooth
Hi Jase & Flic,
I love reading about your progress, very informative.
BTW I managed to buy a Steve McKnight Wrap kit on Ebay today, so I now have some serious reading to do. Got the word about it from someone on this forum.
Keep up the good work.Russ
Hi Johnny,
Thanks for that, I will look those figures up.
As far as the by-pass, it's called the Deer park by-pass and will supposedly shave off 10-15mins driving time to the city and will join up with Ring road when it is completed. It has been mentioned in the local papers here for quite a while and I think if you check the Shire of Melton website or any others along the Western Hwy you will get the info you need.
If I am correct, try checking a current Melway and I think you will find it marked as future road works at Deer Park.
If you do decide to look over this way, drop me a line, I'm more than happy to have a chat with like minded people.Russ
HI gaga,
I notice you mention you 'checked out the data' for Melton & Sunbury. Could you tell me what or where that data is? I wouldn't mind checking it myself.
BTW,one thing that is a drawback with Sunbury is access to the CBD. The old Sunbury to Tullamarine Airport road is absolutely terrible in peak times as is the Calder Hwy if you enter the CBD the other way.
I'm not saying the Western Hwy is a dream either, but as I mentoned in the last post, the new by-pass should help alleviate that problem.Anyway keep on looking, coz I know I am.
Russ
Hi gaga,
For what it's worth, I'll broadly outline my experience with the West.
I lived in Sunbury for 15yrs until my divorce in the late 90s when I moved to Melton. Sunbury was a great place to live and as I worked for Ansett at the airport, it was conveient. Having read Jan Somers first property book back in the early 90s, I immediately purchased two IPs in Sunbury. Unfortunately with the demise of Ansett in 2001, I was forced after 18mths to sell one of them.I now live in Melton and have done for the past 9 years and also own an IP here.
My brother has owned three IPs in Melton over the years also.
What I have found is, Melton properties have always had better yield than Sunbury, coupled with low vacancy rates. Houses are generally much cheaper in Melton and from my experience, Sunburys equity growth has been no better than Melton.
I am currently looking at more property in Melton due to its affordabillty and the fact that it is growing extremely fast.
The Deer Park by-pass will also reduce travel times to Melbourne in the future and the building of a new horse racing track (to replace Moonee Valley) out here is also a bonus.
I am no expert, but from where I sit there is nothing wrong with the West.
Which is better, Sunbury or Melton? I couldn't say, but I think you could at least check out Melton and draw your own conclusions.I hope I have been of some help and not just confused you even more as I know how difficult a decision it is.
Lots of luck.
Russ
Hi Jase & Flic,
Thanks for the response, I want to apologise for "thread hogging" with my questions about wraps. I am very new at this and was unaware of my breach of forum 'etiquette' until my wife spotted it and gave me a lecture. I have now seen the error of my ways and will now put the question to the forum in a more appropriate topic area.
I really look forward to viewing your progress on the home reno over the coming weeks.The photos look great by the way.
Good luck.
Russ
pinknic20 wrote:why doesn't Steve sell the wrap pack any more?Hi Nicole
I contacted Steve through the products line on this forum via email and the reply was:
Wrapping is an investment solution that is most applicable to solve the problem of finance. This is less of an issue in the current de-regulated finance industry, as the market has moved more into a value-add market. We may re-release the product in the future with some revisions, but we have no plans to do this in the immediate future.So as you can see, I need to somehow get the information elsewhere. If anyone has any info, please let me know.
Russ
Hi Jase & Flic,
I am new to this forum, but I have taken great interest in your thread since you started it. I must say your thread is nothing short of inspiring .
How on earth do you manage all this work on the project and work what I presume is a fulltime job? Have you taken some form of leave from your employer?
My best friend and I recently set up a business together and purchased our first IP (small 3Brm +garage) in the outer western suburbs – Melton (prices much more affordable there).
We were lucky to get it at a reasonable price($150,00+on costs) and it had been painted inside + new carpet , but required a considerable amount of cleaning both inside and the backyard. We have managed to rent it already @$185 per week and are considering building a deck and painting the outside and get a revaluation. We had two valuations prior to purchase and they came in at $175-$185,000
Prior to purchase we had unlimited access to the property and I put in many hours cleaning the place, fitting and painting some new doors + all new security locks and a heap of new light fittings,down lights, etc and generally preparing it for renting.
I found it very difficult working fulltime and doing that on my weekends.
I am fairly good with handyman tasks and there's not a lot I won't have a go at (fathers side of family were builders) but I am not sure if we can do a great deal more with this property other than the deck and a coat of paint.
The block however is large enough to fit (STCA) another dwelling in the backyard and we are considering this option but $$$ may be the problem.
I am really interested in the wrap system to try and achieve + cashflow rather than negative gearing or resell at a profit at this stage.
Do you or anyone else on the thread know where I can get more info. Steve McKnight is no longer selling the wrap pack and the only other option I have seen is Rick Otten? (very expensive) Can it even be legally done in Victoria?
The reason I am interested in the wraps system is ( as Steve points out in his last book) you get to a stage where your income cannot cope with the make up costs of too many negative geared properties.
Anyway keep up the good work and good luck when you sell.Russ
