in victoria how ever roofing is a licensed trade.

in Queensland anyone can get a ABN and advertise in the paper / start up a roofing company. it is not a protected (licensed) trade like a plumber / electrician

same as a chipper, cabinet maker, tiler and so on.

all i could find is this link

http://www.yourinvestmentpropertymag.com.au/news/mortgage-delinquency-on-the-rise-in-victoria-189535.aspx

wallan has a 30+ days delinquency rate 3.5% could be some good deals.

I also have looked in both. I’m going to kilmore next weekend.

how come you want to invest in a country town / rural area?

why do you want to buy interstate? why not outer melbourne area? for cashflow ?

very valuable information, Thanks a lot Mike for your comment!

pretty tenant is aware that there isn’t a heater before they sign the tenancy agreement, thus meaning they should pay..

better outcome would be to get them to resign a 12 month lease at 20 dollars extra a week and you buy it. / they buy a cheap oil one.

It’s not a licensed trade*

Yes i’m sure.

in Queensland, individuals and companies must hold a QBCC licence to carry out:

any building work valued over $3,300
building work valued over $1,100 where it involves Hydraulic Services Design
building work of any value where it involves:
Drainage
Plumbing and Drainage
Gas Fitting
Termite Management – Chemical
Fire P…[Read more]

your going to sell for a 1% more capital gain? that isn’t even guaranteed. i suggest not selling.

Interesting, How will you know if the bank will go of a desk top valuation or send a valuer? when you enquire they will tell you then i guess?

what do you look for when you look at the stumps to see if they need to be re stumped? will the beam thats sitting on it be bowed?

ask the vendor for the next PPOR you buy to have a longer 3 – 6 months settlement (i’m in vic not sure if you can do this in qld and pay stamp duty afterwards) buy on a lease option for 3 months – 1 year.

see a accountant… haha

whats involved in doing it? like how do you actually do it haha. and how long did it take you to do 50 stumps?

also when looking through the property how would you know all 50 stumps have to be replaced? or do you just rely on the builders report?

make sure he buys colorbond roof sheets!

in qld its not licensed, I would let him do it but keep an eye on him. and when completed go up their your self and inspect with a friend take a hose and run the water for 5 minutes on each little bit of the roof while your friend is in the roof space checking for leaks (ideally before you pay him)

for more information you could have a look at…[Read more]

jmsrachel,

How much did it cost to re stump? what was involved? and how long did it take haha

I’m looking at a place atm that might need a re stump but have no idea how to do it.

also what do you do for work? are you in the construction industry?

thanks guys for your replies, Catalyst 1 how do you expect to buy a property say in sydney or melbourne within a 10km radio from the cbd at todays price. and not have it negatively geared?

also how do you borrow all the costs? are you just saying your buying below market value so you don’t have to put anything into it?

Cheers Andrew for your reply.

What i mean to say is that i’m not really interested in doing a development deal. i just want to know ball park figures because i was negotiating with the RE agent and the biggest point he had on his side of the negotiation was that the vendor is looking at putting permits in place to advertise for a developer.

RE…[Read more]

Cheers, Andrew. so you don’t have to write your offer on the contract of sale?

Also if there was a scenario where i wanted a 12 month delayed settlement but there are tenants living in the property and i wanted to be able to have the rent paid to me instead of the home owner for the 12 months. how would i go about wording that?

would that just…[Read more]