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Hi Shahin,
It took this long as we at first decided to do it ourselves. The house is an 1860s miners cottage it was i bad condition . Needed re stumping, floors done, 2 bedrooms gutted receilinged ,new walls new windows new front verandah. Plus it was under a potential Heritage title listing not told this by solicitor who did all checks before buying . We were told we had to be careful by the council what we did. It is now a listed property.
We also looked at extending and had plans drawn up but the cost was too much. Time also ran away with us . We would visit for a weekend do a few things and time passed. Have to say ended up my job as I work part time to husbands full time job. It was and still is stressful so cannt wait to learn what to do to get out of this mess lol.
regards Tiggar
Thanks for your replies. Yes unrented for 3 years. To be rentable needs a paint inside where renos done.What does it mean to apportion costs. We borrowed 250 thousand against our own home so not an investment loan. they call it the wealth package but charge us 350 dollars a month to have it . I know we have done this all wrong and its cost us but really I dont know where to start to change things and move forward. Should we refinace our loan so its an investment loan and therefore could negative gear.
Could some suggestions be made on where to go for good advice. Basicaly I would like to sort Bendigo out and then look at other investment opportunities.
regards Tiggar
