Rodeo 98 replied to the topic Has anyone had conservative/low valuations of late? in the forum General Property 16 years, 7 months ago
Hi Hybrid ,Banks usually have a list of valuers they use . You can ask who is on their board of valuers and try another valuer . (will cost ) .The banks sometimes won't be too happy to do this . If you have supporting evidence as to what the property is worth it can help . If you can be on site at the time of the valuation it can also be w…[Read more]
Rodeo 98 replied to the topic investing in units instead of houses in the forum Help Needed! 16 years, 8 months ago
Hi Grease Monkey ,The most common thought with realestate investing is that land goes up in value and buildings go down . The amount of land that you "own" with a unit is quiet small . Having said all of that units can be reasonable investments . There are hidden costs like body corporate fees that jump to mind . Other costs can be building…[Read more]
Rodeo 98 replied to the topic Subdivision Cost – help!!! in the forum Value Adding 16 years, 8 months ago
Hi Lucky ,Here is a breakup of one we have just done in Qld .Sewer and stormwater to council specs (43 Metres ) $25000 .Underground power $12000Council fees …[Read more]
Rodeo 98 replied to the topic how much did you spend renovating your bathroom? in the forum Value Adding 16 years, 8 months ago
Hi Picnic ,I have done a few bathrooms , both reno and complete new ones . Your $2000 is probably a bit skinny but not impossible . The important thing is to be practical with the location of the fixtures . Think in advance about the sewer pipe and the drains from the bath ,shower and vanity before you start . Maybe talk to a plumber and get them…[Read more]
Rodeo 98 replied to the topic Only 19, but I have a plan! How do I begin? in the forum Help Needed! 16 years, 8 months ago
Hi TourMaline ,To wait maybe 10 years to start is probably counterproductive for you . If your parents are agreeable you could use the equity in their house now . A line of credit on your parents property could let you do a deal with your parents and maybe not use any of your own money . If you bought in a cheaper area and did a renovate and se…[Read more]
Rodeo 98 replied to the topic Buying before 20 in the forum Hi Kean ,
You are in such a 16 years, 8 months agoHi Kean ,You are in such a strong position because of your age . That may sound funny but you can acumulate so much knowledge by the time you are 18 yo .My son bought his first house at 18 . The things the bank look at are basicly set in stone . Do you have a permanent job . Permanent casual is ok . Can you make the repayments ? . General rule…[Read more]
Rodeo 98 replied to the topic Can an Easement running along a fence line impact on DA to subdivide a block?? in the forum General Property 16 years, 8 months ago
The Local council would be able to tell you for sure . Do you know what the easement is for ? Is it actually a registered easement ? Usually ,to build over an easement is a hassle to get all the approvals . Regards Rodeo
Rodeo 98 replied to the topic PM signed up at tenant at incorrect rent!!! in the forum Legal & Accounting 16 years, 8 months ago
The agent can't legally rent it without a written and signed agreement . One way out maybe for them to drop their commission for 12 months . The commisson is normally 8% plus and they add postage and petties to this as well . You would come out about where you wanted to be . This maybe less painful for them than you going through the realestate…[Read more]
Rodeo 98 replied to the topic Mortgage broker on Gold Coast-help needed in the forum Finance 17 years, 3 months ago
Hi Greenjoy ,Have you tried ASAP Financial Services ? I have used them and found them ok