Mine covers residental property investing (no surprises there lol) I started mine because I need an outlet and a place to share ideas and Im on long service leave happy investing
Hi sgoodes, I would avoid clarendon vale some parts are ok it can vary street to street, Risdon vale and Rokeby are a bit better I think, I own a place in Rokeby and some other low socio economic areas around hobart, if you are looking for cash-pos stuff its easy to find in these places you can private msg me if you want to chat or ask any…[Read more]
I would steer clear of it if you are having dramas getting finance, think about down the track when you resell at a later date, your pool of potential buyers will be small due to people having trouble getting finance for these types of deals and lending critera could change too a better idea ive seen done is buying larger studios 45sqm plus n…[Read more]
Hi Wendy, Im living in Hobart as well, from the figures you have given us assuming a 10% deposit was used you would be Negatively geared, therefore you must have a capital gain potential to offset the cash-flow loss or its a loss making venture and I research the market down here a lot and I think the there is a better chance of property going dow…[Read more]
one could argue that a business owner is carrying all the risks of the business they are in why shouldnt they be rewarded for that?, compared to the employees they are exploiting who show up each day and trade their time for money.True socialism works perfectly lol until the money runs out
Hi Waydo to answer your question, yes the reno kings course helped me from making a few common mistakes early on in renovating so yes there course definately saved more than the cost, I did it in 2008 off the top of my head I think it as $1800 for a couple to go I have done 4 renos since all were profitable (some more than others)I also brought…[Read more]
I went to a reno kings seminar it was much cheaper than Cherie barbers, but I think "the complete reno system" is great and again much cheaper it has spread sheets and templates and costings for there projects they have done in the dvd set, Im just saying shop around other people are offering the same info for less
I brought a town house in 2007 and the only thing it has done is gone down in value in the lastest API magazine the Brisbane auction clearence rates is up 10% more than a year ago There is a mining boom going on in QLD there is plenty of affordable housing there, rental yields are good (some people say this can be a precurser to capital gr…[Read more]
I find it alarming that a potential tenant would say this, it could be because they have been black listed on a tenancy database,I agree with the others go the property managment route, however if you are keen on self management I would at the least get a leasing agreement with a local agency as they can then vet the person then they hand ev…[Read more]
Hi chris, I would use vacancy rates in conjunction with speaking with a couple of local property managers, they are usually more than happy to answer these type of questions, as they could get your business, and they are usually the most informed as they are in the rental market everyday
Hi Guys, for cash pos stuff Ive been buying Northern suburbs of Hobart in some of the low soco econimic areas, there will be little to no growth in the short to medium term, but im not to concerned as Ive been buying well below market value and getting great rental yields (Nathan birch style) I got one that was 10.4% and this is in a capital…[Read more]