get your property manager to do it for you

$40 per month admin fee is through the roof, i would switch 

The magic of thinking Big

By Dr David Schwartz

it is just awesome and i read it over and over 

Glen There isnt a quick answer to your questions, i do discuss it a lot further on my blog, however i do determine how much i will make on each project before i even sign contracts, that is crucial I dont always sell them, depends on a lot of factors.( i dont really like selling )I do plan my renos very well, and use timelines and engage my…[Read more]

could have been a vendors bid at the auction which dosent really mean anything.

Put it back to the agent and ask her what the seller will take ?

If that dosent get anywhere then

I would offer $125,000, put your offer in writing with a 48 hour expiry date, with your conditions ( subject to…. )

Make it clear to the agent that this is your…[Read more]

i have done many long distance renos ( 10 hours drive away )
you need to build a great team of tradesman
knowing good real estate agents in the area also helps ( most country real estate agents go above and beyond the call of duty i have found )
and get a great cheap handyman in the area, my handyman charged me about $20 per hour and was a wealth…[Read more]

i would start buy getting your home valued by a licensed valuer to see the real value as it is now

They can also value your house with the new renovations done without the work done if you show them your plans.

Then you should see if you are going to over capitalize

you may be well ahead if you sell it as it is without spending the 70 K

Good luck

Get advice from your agent

New flooring always adds value, however you want to make sure you can get the biggest bang for your buck

I think when doing cosmetic reno’s to increase your rent returns if you cant get your money back within 2 years it probably isnt worth doing

Great advice from all above,

The biggest thing to take away from this post it is 100% correct when they say you make your money when you buy not when you sell, in this market, where it is a buyers market, your in charge.

Buy right and buy equity

Never, ever pay the asking price

Hi

Thomas19 is correct, Goolwa is a little Gem, I Bought my first ever investment property there and it has gone through the roof

Good luck

Hi

In regards to choosing a property manager, choose by referral if you can

the difference between paying 7.7 % and 8.5 % is only about $3 per week

Choose your property manager wisely as they can dramatically affect the returns you get

Instead of buying a whole new kitchen, see if you can just cosmetically upgrade it, new cupboard doors, or a…[Read more]

Be careful with this John

Do your research, if you cant sell it you will have to be able to settle on it

I wouldn’t do one of these by yourself unless you have a great mentor holding your hand through the process

I would also be looking at using a deposit bond if you were to proceed, however there are a few hurdles you need to get through…[Read more]

Getting a referral is by far the best way to get a great solicitor

Every time i buy a unit i regret it

I much prefer houses because of the options available

– Renovating
– Sub dividing
– Knock Down
-Go Up A Level
– Put in a pool

The list goes on and on, try to get biggest possible land content

Hi

If you want to be a buyers agent, and there are a few around Queensland, you will need your real estate license and become a master negotiator.

If i don’t get a minimum of $50,000 off the asking price i would be disappointed.

It takes skill and tactic to be a successful buyers agent

Just because someone may be great at selling does not…[Read more]

If it was my house and it was under 11 k and only cosmetic, then i would just do it

I am sure that each quote can be under $3300

If you start doing structural things and changing rooms around and knocking walls out.. different story

I wouldn’t render it

Spend the 9k in paying down the loan

generally yes, it is easier for record keeping but not totally necessary

ask your banker

Hi Steve

I would buy a house on a large block of land, minimum quarter acre and possibly subdivide it

there are plenty of them out there you just need to look

i would buy a house on the biggest bock of land possible, i dont like units

i would look more for the best deal and worry about tax advantages after that

i owned a house in Goolwa SA that was 30 years old that never cost me a cent in repairs