Thankyou everyone for your input. I would dearly love to have a shot at it, but I am not sure about the risk-level at the moment. That’s why I wanted to pick all your brains! Foundation, hubby and I would be buying under-market properties – at least, that’s the plan…we’ve just finished reading “The One Minute Millionaire” – wow, talk about…[Read more]

I agree with Kerwyn. A week goes quickly! Perhaps mention that for reliable payers each 6 months they get $100 voucher to spend on making the house their home?

Redhaven.

“I alone know the plans I have for you, plans to bring you prosperity and not disaster, plans to bring about the future you hope for.” ~ GOD ~ (Jeremiah 29:11)

And thanks Dazzling, yes I did read that post, so did hubby. We are considering the commercial side of things but so far we’re getting very good results with our rentals…will probably stick with what we know til we get up and running a bit more. Thanks.

Redhaven.

“I alone know the plans I have for you, plans to bring you prosperity and not…[Read more]

It was approved a number of years back then it fell through (before we bought it) because a neighbour complained. However, now that neighbour is also willing to sell his block beside us for development…however the council is saying “not yet”. I am not sure where you got the 5M bit but you can see why we’d be reluctant to sell at the moment,…[Read more]

Yes Jason, we know it’s going to happen. We actually bought it from a developer who went bust. It’s right beside the township. The surrounding development is all 1 acre down to quarter acre lots, and our property is unique and has wow-factor in that the views are breathtaking and are unable to be built out, and every block would have an…[Read more]

Foundation and Terry, thanks for the input. Foundation, I understand what you are saying. I was thinking more along the lines of 4 to 6 a year and doing them during school hours. However I know you and many others are of the opinion that prices will soon be dropping, and as such perhaps it’s wiser to sit tight and wait!?

Terry, we would be…[Read more]

Try Residex on this link.http://www.residex.com.au/index.php

I believe they have lots of different reports to choose from and reasonably priced for what you get out of them.

Redhaven.

Redcliffe Qld that is![biggrin]

Maybe it’s past my bedtime but I don’t really understand…..sorry!?[blush2] Who, apart from students, would be interested in renting just a room, anyway? Sorry John, I am unsure exactly what strategy you have.

Redhaven.

Good one Brendan. Sometimes it seems you are 16 going on 46……[hmm]

Gotta wonder![wink2]

Redhaven.

Wow guys, certainly a lot of food for thought. We’ve written to the tenant of the brick place and offered it for sale if he’s interested (outright or otherwise) and if he bites then we’ll look at buy/reno/rent the other one. No reply yet.

Foundation, there’s not many times I agree with you as you often come across pessimistic, and I tend to be…[Read more]

Ik’m with Derek…where’s vacancies increasing?? Certainly not Toowoomba. We advertised an old farmhouse IP in a rural area for $200pw and got more than 30 phonecalls, swamped with applicants from all walks of life, and ended up with fantastic tenants who want to stay “forever”. Many who rang commented that as soon as houses hit the paper they…[Read more]

Can someone PLEASE! tell me what the [baaa] sign means?????????????? Is it anything to do with sheep or am I in the wrong flock??

Redhaven

Heaven help us if we have to put disclaimers on the bottom of fun threads!

Redhaven.

This post was in no way directed with malice at anyone living or dead, with or without a sense of humour…

Oh dear. Yuck. I had been trying to keep an open mind about him, “eating the meat and spitting out the bones” to use an old saying. Sometimes the most ignorant folk can be the most judgemental.

YUCK.[puke]

Hi Soum

My gut feeling on this would be it’s too many eggs in one basket? I guess it depends on your own bank account. Myself, I would be inclined to feel it too great a risk for what you’d get back out of it.

My advice would be to sit down for HOURS with a calculator and go through every scenario possible until you find the best and worst…[Read more]

I love my old tabby cat who knows my thoughts before I do…..he’s quiet, sensible, non-intrusive company compared to our two farm dogs who can’t be near you without licking and pushing! However, we have bought a Lassie Collie, and they are the most gentle dogs…it is truly just like having a large cat sit adoringly at your feet. So there you…[Read more]

Invest in long johns……[lmao]

I think Steve meant he bought the property FROM the agent, not THROUGH the agent…so this guy was feeling personally ripped off perhaps? I would be surprised if Steve didn’t turn this around to a win-win…..but when will he let us know?????

WE WANT STEVE

WE WANT STEVE

WE WANT STEVE[jerry]

Is the house empty already Shelley? If not the owners would need a minimum of 2 weeks to get their wits together and get out…chipping into your valuable turnaround time. Could you squeeze a 4 mth contract out of them? I’ve not done flipping before, but I’d be cautious in the current climate to make sure I had plenty of time up my sleeve, AND…[Read more]