Forum Replies Created
because of what we can afford, we're not too fussy with the location (being near the water etc), but we also dont want to end up choosing the wrong area… can anyone suggest which street to avoid?is there more land available around altona meadows? hence, the lower price and lower capital growth?thanks beaniemonster, i will look up altona bay & seabrook as well
hey allterry, i didnt purchase throu a real estate agent, it was a private sale. i did learn alot from this, it is only my first ip….well, lucky our friend is pretty reasonable, we have discussed a few more options , including a wrap. i'm sure there's a way to solve this problem, and if anything, it makes me wanna learn more and get more into investing!thanks everyone for posting ur comments!
hi richardwe have asked our broker, if it's worth it to get an independent valuation done.he said that the bank has used a local valuer, and because it's in a regional area, there's probably only a few valuers out there, and therefore it's probably not worth it to get an independent valuation.our friend didnt get a valuer before he purchase the property. after alot of research and talking with the agents, we agreed that the purchase price , both before and after renovations, is fair.i wonder if other people have had the same experience, and how they manage to solve this problem….
Thanks for replying all!
[biggrin]
hi
i was in the same boat
i’m just getting started as well
and i thought this property investing thing will just be like a part time thing. obviously i would have to keep my full time job so i can afford investing in the first place.as long as you have to have a passion for it. or else after awhile, you’ll loose interest. it definitely takes alot of dedication and sacrifice to keep doing the research, inspection, due diligence, reno, etc. if you’re lucky , you’d have enough money to pay someone to do all the hard work, but personally i’d rather find out for myself and that way i’m more confident in my investment.
oops, betta stop rambling![blush2]
hi all
thanks for all your replies
i’m thinking about melbourne. outer suburbs.
i know in regional areas it’s easier to find higher yield properties, but in major cities it’s alot harder….
[mellow]hi all
i’m planning to buy my first home this year!
i have one investment property still being renovated, and hopefully by middle of this year, will have purchased my own home, to make full use of the first home grant!good luck to all this year![jerry]
thanks bridgebuff!
our friend is not a builder himself, so he’ll get other builder to do the work. i suppose it’s better to be careful now than sorry later on. whilst we do trust our friend, sometimes you just never know when things will go wrong.
do you also know of a good independent building inspector who’s willing to travel to gippsland area?
cheers!
hi all
i’m not sure if it’s cf+ after deposit or not. the show wasnt that detailed.
good point paul! i guess tat guy has probably got all he can out of those areas before announcing it to the public. i will have alook at those areas over the weekend thou, just to see for myself[strum]hi marc
thanks for your advice…
i definitely wasnt trying to compare myself with others… just curious to hear about other people’s experiences, how they go from buying one to the next one [strum]thanks alot for the tip chris! i’ll definitely have a look into it more.
my plan is to start buying next year, as i want to learn alot more about property investing before jumping in.another question is, for a first time investor, is it better to buy a property that’s brand new? i’ve been offered to buy brand new place (being built early next year), below average selling price, because i know the developer. I was wondering if this is a good way to get into property investing? and if it is, is it necessary to get a professional inspection done on a new property ? (to check for structures, etc).[blink]
Any advice is greatly appreciated[thumbsupanim]
