Forum Replies Created
Hi Serry,
Thanks for your post. I have had 2 quotes so far, and 3 or 4 more to come in yet. So far I have been quoted $12,400 and $17,025 for the same job. My thoughts is our roof should cost around $10,000 as we only have a small house. If you have those contact details for a good roofer I would appreciate if you could send them through. I have sent you a PM.
many thanks,
TimSorry should have added we are prepping the house for sale ! But I would like to know the cost of a new roof.
Hi Guys,
As reluctant as some sellers are, some are accepting the low ball offers, however I would assume the following are sound strategies.
Targeting the elderly sellers – 2 reasons, the first is that they probably own their property outright meaning that they are more likely to be flexible, the other reason is that generally elderly people sell their property to go into a nursing home. the difference of $50K means nothing to them as long as they can have a quick sale. That said some elderly people may question whether they have misjudged the value of the property if a low ball offer comes in.
Target deceased estates
Houses unsold at auction. Sometimes a bargain can be found at Auctions as these might also be repossession houses.
You can ask the real estate agent how long a house has been on the market, to gage the situation. You could specifically ask real estate agents which houses have they been unable to sell.
Many strategies, you may have to just wait until the right one pays off.
Thanks for the laugh.
I was hoping someone could tell me if there is a free copy somewhere I could view. Either on the internet or a library or at the BSA or something.
I need more information on minimum reporting standards for building and pest inspections.
Cheers
Cheers Neil,
Just thought there maybe a quick way to access the funds.
Cheers
Thanks for the heads up
Sorry Scott No Mates,
I am not following you. Suppose you buy a property @ $300,000. How do you know what rent to charge your tenants. Is it percentage of interest on your loan, percentage of purchase price. I am not following the math in your example above.
Hey Grimnar,
Thanks for your response, I was aware there are minimum subdivide quotas in ipswich and that they like a minimum 900 block. Just looking at getting in on the ground level before Ipswich turns into Brisbane, and people subdividing any property above 809m. Pleanty of large property’s still left in ipswich but I notice that all the new houses are on only like 500m blocks. Me thinks maybe in 5 years blocks of 1200-1500m will be hard to find. let alone cheap ones.
Hey DWolfe
Thanks for that info. I am just starting out my research for my first IP and interested to know about zoning with regard to subdivision or development eg townhouses, which may play a part of my strategy a few years down the track, as I would be looking to buy a property with subdivision/ development potential. I am trying to get clued up and minimise risk, before taking the plunge.
Cheers
I don’t know much about this, however I would think
*Your insurance would cover any damages – if proven it was your fault however you went to reasonable lengths by having the yard maintained. And I would say there is no direct links.
* was it documented are there any doctors reports – I would be asking to see them before paying for any electricity.
*Also if you are paying for the electricity and they are happy with that, I would say that there is little or no injury as if the injury was serious they would have lodged legal action by now. Obviously paying the electricity they believe is enough compensation.
I believe the blackmail on your agents account was misguided. Your real estate agent has put you in a vulnerable position I think now they have advised you to pay the electricity which in my books is not ethical.
Cheers,
GuysThanks guys, there is some helpful info there.
Cheers.
Do you know if you could pay upfront for a P&I loan, or is it only on IO loan.
Ahh, so Terry you are saying that if for example you pay your interest upfront and the rate you pay is 6%, and interest rates go up to 6.5% 2 months later, you could potentially save half a percent for the remaining period of that year.
So if you are doing this for a number of years, and interest rates keep climbing, if you are paying upfront, then you could save a fair bit of interest as each time you paid your interest upfront you would be paying the current market rate, not the increased level for later in the year.
So realistically its not really worth the trouble.
Thanks for clearing that up. I wondered what happened to those houses that have been foreclosed on
Can’t you make paying the advertising costs payable on sale of the property?
