If you do a search on buyers agents, or the two specific agencies, you should find responses as the question has been asked before.

Regards
Wake

Hi shazzajaksic

If you owe $100k and receive $250 a week rent and it isn’t covering the loan repayment, you must be on P & I. Have you thought of changing to interest only, as this would then provide cashflow.

Also, if you have aready refinanced and borrowed against the extra equity, by the time you sell and pay all the associated costs, would…[Read more]

We have dealt with Sam, and more recently Sanja, from Positive Real Estate on quite a few occasions over the past few years with no problems. If you have a current agency agreement with them, at a cost of $250, you complete a profile and they email you brief details of suitable properties as they come up. If you want further info you email them…[Read more]

Hi Dave

I recommend reading “An Intelligent Guide to Australian Property Development” by Ron Forlee, to get an understanding of the various aspects of developing. You can get it from http://www.businessmall.com.au

Also, if you can get your hands on a copy of Martin Ayles Development Checklist, it gives step by step instructions on how to develop a…[Read more]

Thanks for the info, David. Good luck with your development.

Wake

Hi Richard

Small, as in subdivide and build a duplex.

We are looking for 80% of the tentative value on completion, which is greater than 80% of the land plus build costs. The point is to be able to stretch our equity further.

Regards
Wake

That could be the case with smaller lenders. I know the big 4 have no restrictions on LVR there.

Wake

Hi maddy1769

We have 2 IPs in Moranbah, both bought mid 2004. We are in the process of selling one now – contract not yet unconditional. We made 62% CG in 18 mnths. Not bad for a property that was bought primarily for cashflow. Of course if we’d bought even earlier we would have made a lot more.

It is a riskier investment, and depends on your…[Read more]

The workshop is at the RACV at 501 Bourke St, Melbourne. If you tell them you are attending the seminar they will give you accommodation at members rates – $190. I’m sure you could find cheaper, but staying on site would be more convenient – especially if attendees wanted to network afterwards.

Wake

Hi All

Official letter from OSR advised 2006 threshold for NSW is $330k. Marty-boyo, if your land is on approx 700 sqm, the $200k value you refer to is the property value. The land component will be less than $50k. I have $1000sqm in Armidale and the 2006 value from OSR is $37K.

Breathe easy.

Regards

Wake

Hi Nickelben

The only way to know is to look at the strata plan, which will show you what is common property (strata responsibility) and what is part of your lot (yours). The strata manager will be able to interpret the plan and explain the situation to you.

Wake

Hi Cabo Wabo

The type of expenses that units/blocks incur include building insurance (plus other types of cover if strata titled), common electricity for lights in stairwells, garden, garage area, intercom, antenna etc, water usage (each owner pays water and sewer service charge but strata pays water usage), accounting fees, cleaning and…[Read more]

Hi cazz67

Rental demand in Moranbah is still very strong. Leases being signed today average between $500 pw for a smaller 3 bed to $650pw for bigger 4 bed 2 storey bouses. Many of these are leased to companies associated with the mining industry, and in many cases the tenants contribute very little – one of ours pays $20pw!!

It is very difficult…[Read more]

I guess the reason we’re not buying in the next few weeks isn’t so much a problem that can’t be resolved but rather sticking to our goal.

Next week we are going to Qld to plan a cosmetic reno on a place we bought 13 months ago which is needed to move it from 1970’s to 2005! The extra equity from that (not to mention rent increase!), in…[Read more]

Hi Leoau

Any contractors need to be licenced and have public liability insurance. Also, depending on the cost of the work being carried out, they might need to give you a works contract stating what they will be doing and the cost. From the sounds of it you probably won’t be spending that much, but if in doubt contact the Dept of Fair…[Read more]

I’m with Celivia.

Plus, it doesn’t seem like an efficient use of funds. The extra deposit you put in to make it appear +ve could be otherwise put towards a deposit on another property. I suppose it depends on your plan, and whether you intend to buy more properties, in which case some investors would normally maximise their leverage by putting in…[Read more]

Hi Kevin

Thanks for the suggestion, but we were told yesterday the vendor won’t allow access under any circumstances. Getting in early to do the reno was going to fit in with other commitments. Waiting til we settle to reno doesn’t, so unfortunately I think we’ll have to pass. The agent has learnt that next time a purchaser asks for this, he…[Read more]

Hi Blondie

I agree with Don & Liz. The visible damage can be the least of it. By the time they have eaten into the room, they’ve gone through the walls etc. If you can’t get under the house ie slab construction, perhaps a builder can pull off part of the damaged skirting and gyprock to see behind the wall. This will help determine if there’s…[Read more]

I’m pretty sure this question has been asked before. Do a search on Hans Jakobi and see what has been said.

Wake

Hi

We can’t function with one car. Have a 2002 Ford XR8 sedan and 2003 Ford Falcon wagon. These are leased through our company. We decided there had to be more benefits than just a decent wage. Hubby has much higher aspirations for his future car, so we’ll just have to be more frugal in other areas.

Wake