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  • Profile photo of tankbusterboytankbusterboy
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    @tankbusterboy
    Join Date: 2003
    Post Count: 17
    July 18, 2003 - 2:54 am

    Well, I have decided to take the plunge – but not so fast!!!

    I have placed an initial offer on a 3 bedroom – around the Hills area of Brisbane. Nice location -I am going to have a look at the place on the weekend. It needs a bit of work and is 30K less that what my initial thoughts were to get into the market – which I then can put back into the loan and also spend a few dollars on minor alterations.

    The only issue is that the backyard looks like a tip, the owner had a like for collecting things…..but this I feel with turn other investors away – but I see it as a definate opportunity.

    Its a great price, in a very good location and the place just needs a little elbow grease!!

    R[:P][:P][:P][:P]

    Question? If I do purchase this – how much should I be looking to spend to make cosmetic changes to make the place look a little more inviting…..

    Brad

    Will keep you posted.

    Profile photo of tankbusterboytankbusterboy
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    July 16, 2003 - 6:17 am

    Of course it matters if the property is a sound investment – that is the whole point of the purchase.

    I am just remaining cautious because we are on a good wicket at the moment and while we are the lucky country, I do think some area’s are inflated due to the ability of people to negatively gear numberous properties.

    Profile photo of tankbusterboytankbusterboy
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    @tankbusterboy
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    July 16, 2003 - 2:53 am

    Thanks Guys….

    Its good to know that people have the same problems as myself.

    I have no problem in repaying the loan but I’m starting to become involved!

    I will keep you updated on my progress!

    Profile photo of tankbusterboytankbusterboy
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    @tankbusterboy
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    July 16, 2003 - 2:24 am

    This will be my first major investment into an investment property. When I mean major – over 200K. Makes me think…..

    Regards,
    B

    Profile photo of tankbusterboytankbusterboy
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    July 15, 2003 - 10:59 pm

    AD,

    I’ve been seriously considering the hills area of Brisbane. I’m probably looking around the 250K mark – which I know is hard to find but there are a few out there. I’ve seen a few places around the 230-250 mark, that need some work, more TLC than anything else, but my objective is a longer term investment which I clasify as greater than 5 years.

    I am from Sydney, but considering relocating to Brisbane / QLD once I have travelled – planned for August 2004. I have lived on the Gold Coast for 3 years while studying and really see Brisbane as an opportunity (I spent a few weeks with friends looking around – so I’m not an outsider wanting to get on the bandwagon) but I’m a little cautious – now even considering if it is a good idea?

    I just don’t want to miss the boat but scared if the boat will sink!

    Profile photo of tankbusterboytankbusterboy
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    July 15, 2003 - 7:32 am

    I know that it is a good idea in principle but……….there is always that element of risk – should I or shouldn’t I!

    It’s a hard decision I will have to make soon…….which brings me back to where I started!

    [:P]

    Profile photo of tankbusterboytankbusterboy
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    July 11, 2003 - 3:40 am

    Sometimes I wonder, ‘Is the dream of owning your own home still attainable in this day and age’ and my answer to this is ‘YES’
    [:)]

    If you really want something, you make it happen. I think its a little bit of give and take too.

    No longer are the days where you worked in the same job for 40 years. People have to adapt to the change, it’s apart of life.

    I am young, but I still managed to purchase my own property and one small IP investment and I am looking to purchase another one in the short term future.
    Blood, Sweat and Tears. It’s about determination and in all honestly, you have to have passion, that get up and go.

    Gone are the good old days…..but its depends how you look at things – IS THE GLASS HALF FULL OR HALF EMPTY?

    ‘Luck is a by-product of your own destination; it’s the people that know the way that often get lost[:0)][:0)]’ ANON

    Profile photo of tankbusterboytankbusterboy
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    July 10, 2003 - 5:29 am

    I have heard reports that Cairns is a beautiful place for a holiday……full stop.

    Investment, like the water up there, you must be very careful, but should you tread the water?

    It’s a risk but is the risk worth its weight in Gold?

    Hmmm….I’ll let you decide that one because it’s beyond a novice like me!

    B[8D]

    Profile photo of tankbusterboytankbusterboy
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    July 9, 2003 - 1:03 am

    ?

    Profile photo of tankbusterboytankbusterboy
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    July 8, 2003 - 12:12 am

    That’s my problem….the legislation is very grey – what is deemed ‘enough time’. I may think its 2 weeks – you may think its 6 months and the guy sitting next to you could say 9 weeks?

    It will be my place of residence for approx. 2 months, but is that legally enough? And when you call the freecall 1300 number, to clarify or even understand the legislation you have someone just reading a transcript which is frustrating.

    I just don’t want to be on the ugly side of the stick if it comes back to bite me!

    Profile photo of tankbusterboytankbusterboy
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    July 7, 2003 - 7:29 am

    I am only new, and somewhat unknowledgable about this – primarily because I’m lazy in the fact that research while enjoyable isn’t sometimes the greatest of moments. I am struggling to understand but I’m getting there.

    I always will believe the phrase ‘what goes around, comes around’. If you are willing to help someone, often the favour is returned, without you even acknowledging it.

    Just a thought……

    Profile photo of tankbusterboytankbusterboy
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    July 7, 2003 - 7:08 am

    So, if this is my situation, what should I do ppl????

    Profile photo of tankbusterboytankbusterboy
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    July 7, 2003 - 7:01 am

    Dear All,

    I plan to live in this property for approximately 2 months – but my work commitments are in Sydney, so this will technically be my place of residence for 2 months but then move out, to work again for 12 months, then move back in for good!

    Can I do that????[}:)]

    Profile photo of tankbusterboytankbusterboy
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    @tankbusterboy
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    July 4, 2003 - 12:11 am

    I would be very interested!!!!

    [8D]

    Profile photo of tankbusterboytankbusterboy
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    July 3, 2003 - 11:04 pm

    [8D]
    No, I am eligible to recieve the grant as the property belonged to her father.

    My question is, if I do get the grant, what are the conditions before I can have tennants?

    Regards,
    Blake

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