Forum Replies Created
Hi Rebecca2,
Just keep in mind all these coloured driveways you see have to be sealed over the colour and continually sealed at least vevery 2 years. Also they show up stains easily.
RoboHi Rbecca2,
To be blunt concrete cracks even new.
My advice would be leave it and put up with the cracks or rip it out and start again and wait for the new cracks.
Robo[comp]Jobee,
ps. It will help if you get a builder who has experience with what you are looking at doing. As they will know alot about what council will and won’t let you do and will do alot of the mucking around with council for you, if they want the work. Thats what i found.
RoboHi Jobee
I have just done what you are looking at doing although our block was only 1000m2. The main problem we had with council was side access down beside old house to build new one. They wanted 4m we had 3.6.To cut a long story short we got approval as dual occ which was ok as we live in the new house and rent out the old one and will never sell.With our council their fees depended on when the land was originaly sub divided. We had to pay $5,000 section 33 contribution fee. We may move old house later and build a new one and can then sub divide if we want. You can get some ideas for doing up your old house off my web site http://www.bestclad.com.au
You will have to figure in extra costs for driveways, parking, fencing, landscaping.
Hope this helps.
RoboHi Guys,
Thanks for all the advice.I do pay extra off my own mortgage. But am looking for some extra tax deductions.
Thanks
RoboSorry Glauco i think you miss understood my question. i wasn’t asking if it was a good place to buy, was just wondering if their was many +IP
houses there. i live about 3 hours away and was thiking about having a look there. have had a bit of a look on net.
sorry if i confused you.
i clad houses and have just done a house in tenterfield. its a nice town and stanthorp is only 30 mins away
roboHi Glauco,
Is Tenterfield a good place to be looking for + IP. Have had a bit of a look.
roboHi sis,
i am guessing you must be in you’re early
20’s. Mate i wish i had you’re knowledge when i was you’re age. you are on the right track.
good luck to you, not that you need it.robo
Hi risky,
i agree with kadabi1. 3 years ago we bought a house on a big block for 115k plus costs and repairs ended up 125k, it was rented for 185p/w, at the time it was costing me $60 p/w.
We built a new home on the back of the block for us to live in moved in july 03. the new home cost 230k.the original house in 3 years has gone to 225 p/w rent and the mortgage is at 115k, now it pays me $60 p/w, with capital gain its now worth 230k and our new home worth 450k. instead of 1 house worth 230k we now have 2 worth 680k.
you can’t buy a house under 250k on a big block now.
i know what i would be doing.
robo
coffs hbrhi i would like a copy of property manager pro, send to [email protected]
thanks
robohi oz
thanks for going to the trouble of answering my question. i was offered a spot at the last seminar by a client at 200 off, $1,280 by using her name. she had sent me a cd and other info about it. i was probably more interested in property than his other ideas which as you said are not too hard to learn about for yourself. i can't imagine he lets you know where to buy real estate. like steve he gives you why and how and sends you onn youre way. i have found steve's book really helpfull.
thanks again
roboQuote:HI THANKS FOR THE REPLY. IAM REALLY HAVING TROUBLE WORKING OUT THIS 11 SEC RULE WHEN YOU BREAK IT DOWN. THE AGENT SAYS $50,000 WILL BUY THE HOUSE AND RENT COULD GO UP TO $105PW.
RENT $105 PW LESS 8% AGENTS FEES = $97, LESS RATES $25, LESS $50,000 MORTGAGE AT 7.3% ALLOWING FOR RISES = $67 PW LEAVES $5 PW. IS IT REALLY WORTH IT. WHAT IF RATES GO TO 8% OR HIGHER?
