If you said your last offer was your final offer then I would stick to it (money wise at least). You can’t say it’s my final offer and then offer more. I would probably go the opposite direction and say you’re a serious buyer but you’re getting pissed off with the back and forth, same amount but go a short settlement or something.

I must admit…[Read more]

If you said your last offer was your final offer then I would stick to it (money wise at least). You can’t say it’s my final offer and then offer more. I would probably go the opposite direction and say you’re a serious buyer but you’re getting pissed off with the back and forth, same amount but go a short settlement or something.

I must admit…[Read more]

The real question is – what is it worth? If you think is $115k+ then maybe $109k is good. I hate the back and forth, and I never do it. I offer what I think it’s worth and make it clear I won’t budge. I’ve walked away a couple of times and some of those I’ve had the agent call me back.

I would make one final offer and be prepared to walk. Maybe…[Read more]

The real question is – what is it worth? If you think is $115k+ then maybe $109k is good. I hate the back and forth, and I never do it. I offer what I thinthink it’s worth and make it clear I won’t budge. I’ve walked away a couple of times and some of those I’ve had the agent call me back.

I would make one final offer and be prepared to walk.…[Read more]

The real question is – what is it worth? If you think is $115k+ then maybe $100k is good. I hate the back and forth, and I never do it. I offer what I thinthink it’s worth and make it clear I won’t budge. I’ve walked away a couple of times and some of those I’ve had the agent call me back.

I would make one final offer and be prepared to walk.…[Read more]

Not that I think it will change the answer but what state is the property in? But I doubt you can increase the rent or get them to vacate without their consent in any state. Happy to be proved wrong though.

What rate were you getting offered… more out of curiosity because I’m going through the same process. I am employed though, so that’s important.

I’m assuming you’re trying to get work. Maybe just wait it out?

What rate were you getting offered… nor out of curiosity because I’m going through the same process. I am employed though, so that’s important.

I’m assuming you’re trying to get work. Maybe just wait it out?

I’m not sure about what state you’re in, but where I live you can’t just evict a tenant without cause. Even if they are on a month to month agreement. However if they are not on a lease you can increase the rent to market rates and they either need to pay it, vacate or contest it. That is a minimum 8 week process here.

If you buy the property…[Read more]

Does this worksheet help?

https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Calculating-a-capital-gain-or-loss/Using-the-capital-gain-or-capital-loss-worksheet/

When I first started out I wanted $100k net passive income (paying forever including CPI) before I retire. It’s changed a bit as my investments / work / family situation has changed. But I took that and worked backwards across all investments (and insurances). So far, so good.

In general I’d say ‘buy the problem, sell the solution’. If you reno that’s what you’re doing, if you buy a house and land package you’re buying someone else’s solution. So, as well as the issues mentioned above I’d go the reno option, especially since you can draw down the equity if you need it without selling (serviceability might be an issue).

In general I’d say ‘buy the problem, sell the solution’. If you reno that’s what you’re doing, if you buy a house and land package you’re buying someone else’s solution. So, as well as well the issues mentioned above I’d go the reno option, especially since you can draw down the equity if you need it without selling (serviceability might be an issue).

https://m.realestate.com.au/property-studio-qld-woree-107265403

Address is
307/1 Anderson Road Woree, Qld 4868

https://m.realestate.com.au/property-studio-qld-woree-107265403

A few random points

– if you are happy where you are then I’d stay renting. It’s essentially free money and without doing the maths I would imagine you’d be better off financially if you stay and buy straight IPs (not your dream PPOR). You buy the PPOR later. Plus moving is annoying.
– blunt q. If the aunty dies do you have to move out? Just be…[Read more]

A few random points

– if you are happy where you are then I’d stay renting. It’s essentially free money and without doing the maths I would imagine you’d be better off financially if you stay and buy straight IPs (not your dream PPOR). You buy the PPOR later. Plus moving is annoying.
– blunt q. If the aunty dies do you have to move out? Just be…[Read more]

A few random points

– if you are happy where you are then I’d stay renting. It’s essentially free money and without doing the maths I would imagine you’d be better off financially if you stay. Plus moving is annoying.
– blunt q. If the aunty dies do you have to move out? Just be aware that if you choose to stay you might need to move at short…[Read more]

In my opinion the likelihood of buying straight off a real estate / Internet and into a positively geared IP is near zero. The reasons are that other people will see them and push the price up. Maybe the real estates themselves, buyers agents who get in early through relationships, other investors etc.

You need to be a little bit more creative…[Read more]

Hi Jo

Just letting you know that I read your posts and I’m glad everything is going well. Keep it up!