Hi Jacqui,
I was lucky enough to buy there before its all started going up, both in the suburb and the surrounding suburbs just not sure if i should start buying land on delayed settlements and resell for a profit or just keep buyinng houses and units. My concern with land is that there are quite a few blocks in surrounding suburbs so its not hard to get them so i dont think land value will increase to a decebt profitable margin due to so much supply.
If you are looking at doing VF (rent to buys) it'll be hard to get agents involved very little return for them. Might be best to work out your target type investment house or unit etc and write a note print a lot out and start doing some letterbox drops.
Yeah i at first thought he was joking they are your basic basic lightbulbs you know the type were you screw them in and thats it lol.. Yeah the PM ended up doing it even he was a little confused by the price. The worrying thing is that the PM said he was usually the cheapest. I'm praying i don't ever need a new powerpoint installed otherwise I'll need to refinance or sell off a property to cover it
Dodgy *ricks. Getting sick of tradies thinking that because it's a IP we are all rich. $208 quote to change 3 lightbulbs in a regional property lol the other day seemed heaps legit.
Also I've never had a problem with an unseen property (touchwood). I do request photos of every room in two directions just for future reference for renovations, depreciation etc
I've bought both seen and unseen. For the amount you are paying I'd definetly look yourself or get a building inspector. To be completely honest I'd probably just get a building inspection. I personally don't know a defect or the first thing about bad plumbing etc so they know what they are doing. I have found though that its easier to haggle if you have seen it unless you can pull off sounding like a property expert about the area or the market.
I'd suggest some value adding, if your handy or have a mate whos handy you can do plenty of small things. I've being sourcing gumtree getting free front doors, leftover bathroom tiles, brand new blinds that don't fit their windows(take them to a specialist and cut them down to the right size for $15) a world of small things you can do and all you really spend is money on petrolo picking items up from homes or worksites. Hope this helps
Yeah they've been pushing for me to have all my properties landlord insured through their company or affiliated insurance company. Maybe i should just take all my insured properties over to them in exchange for a healthier interest rate on some of my variables. There insurance is cheaper anyway but obviously i won't be telling them that
I have a portfolio with St George lending off about 1.1 million and a LVR on my IP's of about 87% and a PPOR at 77% do you think that will be high enough for them to consider a discount?
I'm looking to do this with my girlfriend and all my properties are in my name and my bank won't let me use the equity if I'm buying a property with someone else''s name on the title. Yeah all the properties i find and do some numbers for come back at alright profit levels(although I'm aware there will always be hidden costs or things go wrong) but the discharge mortgage fee i could do without. Might have to save up a 20% depoist to avoid LMI to make the deals more appealing.
I'm looking to do this with my girlfriend and all my properties are in my name and my bank won't let me use the equity if I'm buying a property with someone else''s name on the title. Yeah all the properties i find and do some numbers for come back at alright profit levels(although I'm aware there will always be hidden costs or things go wrong) but the discharge mortgage fee i could do without. Might have to save up a 20% depoist to avoid LMI to make the deals more appealing.
I'm looking to do this with my girlfriend and all my properties are in my name and my bank won't let me use the equity if I'm buying a property with someone else''s name on the title. Yeah all the properties i find and do some numbers for come back at alright profit levels(although I'm aware there will always be hidden costs or things go wrong) but the discharge mortgage fee i could do without. Might have to save up a 20% depoist to avoid LMI to make the deals more appealing.