Forum Replies Created
hey lefty
nothing as of yet, but plan to make a trip up there in the next couple of months to investigate further..
cheers
does anyone know if the council allow granny flats in mackay?
i swear i read somewhere the other day that investment in mackay had exceeded gladstone? is this correct, they may have been talking about planned investment mind you.
I am looking at renovating or possibly small development opportunities in mackay hopefully by the end of the year? does anyone believe this a good area for it considering the upcoming projects in the area for all aspects of industry?
cheers
hey lucky,
I like your idea of telling them upfront you will be getting 3 quotes and taking the best one. will use that next time.
As for the shed size its 30ftx40ftx12ft high so its not that small, that quote only includes building the shed.I already haggled a fair bit and got about 10 quotes for the manufacturer for the shed but if I had known some of these tips I have learnt in the last couple of posts I probably ould have saved myself a little more and made it easier.
I have a lot of trouble with tradies not coming through with their quotes which is a bit of a pain in the ass, and I feel some overquote expecting to knock down a little or maybe even jag a customer on that price?? just my feeling…
cheers
valid for all states too..(has percentage increases at top)
Truly believe honesty with the quoting will get me further, as you said ashley.
thanks for your help, wisepearl is onto something there. I think I’ll use wisepearls wording as a basis and see how I go with another quote, pretty sure when most places quote something they leave room for a bit of negotiation anyway. will update with the outcome, cheers guys!basically I believe the more expensive quote (4200), does offer better quality, yet the other quote (3350) is a company I am unsure of the quality. I am basically after some advice on wording to use and the best way to negotiate to a lower price similar to the cheaper competitors.
thanks in advance
I would have to say a property Investment firm/ mentor program would be the way to go but only if you are time poor, if you believe u have at least an hour a day over the next 6 -12 months for self education ( books,research and the acquisition of your first property by yourself) then I’d go at it alone, go to the investment networking groups also this will help greatly.
I have been studying and researching for the past year, only to go to paid seminars to find out “a magical secret to wealth” that I had already learnt from books,research etc.I believe acquiring the first property alone with plenty of education and research will excel you forward faster and cost u less.
But if you believe you need help or guidance along the way I’d just research the companies and get opinions from off this forum on them.I recently attended an info session on positive real estate and they seem genuine with there approach to investing, it was also recommended to me by a couple of other investors that between them hold about 40 properties but not sure if they were affiliated with the company – just another one for u to consider.
Ultimately you need to weigh up your time, goals and money available for investment .
Just be open to anything at first and filter out the crap with plenty of research.awesome thread, does anyone know if council allow granny flats to be built at the rear of properties in emerald and mackay?
Has anyone successfully done this? if so what was build cost and rent/yield afterwards?
is this worthwhile for increasing the yield or are they not in demand? seems not many 1 bedders up for rent in these areas?
thankz
basbog are you talking about building? I was just referring to the cost to subdivide one block into 2?
thanksthanks basbog, would it just be more for travel expenes to a surveyor?
actually just read that the corporate license is available to brokers,accountants and financial planners, but cant see anything that says not for individual shared use?
KeyStrategies wrote:Hi everyoneThe media has finally caught up with the new of the mining town boom check out the link to read the news
Cheers
check out mars of bne’s comment, haha, he says that a shack should be rented at a shack price, but the reason for the higher rents in mining areas is because the higher incomes of the workers there, duh.
mars of bne Posted at 2:30 PM September 22, 2011
supply & demand is rubbish…it purely profiteering, no matter what the goods or service. housing should be protected against this type of pricing nonsense. housing is an essential not frivolous spending. a 150/wk shack is still a 150/wk shack no matter how people would like to rent it…prices should be based on equitable & sustainable prices people can afford to pay & follow a steady yearly increase based on cpi numbers, not what the greed of the real estate lobbyist tells the public theyre going to get ripped by. im tired of the investors bleeding heartâ?¦the govts dept of housing needs greater powers at its disposal to slap the real estate industry around the back of the head to protect the renting & buying publicâ?¦a free market shouldnt enable investor greed to crucify a local economy to make their own outrageous gains. food, water & shelter should be completely off limits to these tyrants that simply cant be trusted to do the right thing.good blog and good forum, liking it.
some of those yields are quite decent, has anyone on here gone in halfs with anyone to buy in gladstone/moranbah/emerald/mackay?
looking at doing this to get my foot in the door over there as I only have the capacity to borrow up to 250 k at the moment. judging from what ive read on here and a bit of research, gladstone and dysart seem to have the best potential for +CF/high yields whereas emerald and mackay are lower yields/neutral geared and a little on the safer side, am i right?
cheers
so would the best way going forward be to put the next ip in my name or joint with my partner or even in a trust structure/business entity is what i am asking?
i just hear all the time that it is bad to buy property in your own name and better to buy through a trust structure or business entity?
do you have offices in adelaide richard?
cheers
thanks for the help jacM,qldS007 the pL is all payed down as of today, now its just a matter of saving some cash for my first IP, girlfriend already has one in her name and the ppor is in my name, should this be structured any different? details below,
me-income – 90k per annum, ppor debt 280k
partner-income – 60k per annum, ip debt 213k
looking to buy my first +CF around 200k mark, will there be much difference to tax/depreciation benefits if the ip goes into joint names with combined income or just in my name with my income, pretty new to loan structuring..
thankshey mike
thanks for the report, will help me decide what offer to put forward on the place, recommend it..
wade
