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my thoughts exactly,
will do more research and try some offers,
your rental with the big companies? who do u use for managaing in moranbah?also any agents you recommend or not??
thanks .
yorkiespeak to a good mortgage broker and they will steer you in the write direction, also on your loan structuring,so to maximiase your tax deductions and to keep it simple when it comes to tax time, so don't mix up investment debt with personal debt…..
yorkie
hi daedalus,
what are your current thoughts on moranbah?? have been doing some research and it looks like some good buying there?? any info is greatly appreciated, also any areas to avoid or good streets to buy etc etc.look forward to hearing from you.
yorkiehi karenday,
i would like to pick your brains if possible?? am just starting my reserach now on your town and am looking at 22 kenneddy st, anygood?? seems o.k on the surface, backing onto golf course and 1 neighbour, also whats mccool st like seems to be a few round there?? thanks and look forward o hearing from you.yorkie
hi fish gym,i was in your position 2 years ago and was getting the run around from the cba, i then asked them to give me some pay out figures an then someone higher up called and asked what was the problem, she then put someone onto me and we undid all the cross collaterals. which was good and easier than breaking fees etc.
hopefully you've got enough equity in your place to cover the shortfall on the 2 ips.
the thing that may go against you at the mo is the banks valuations are very conservative at the mo…..
so goo luck.
wayne
kell wrote:Looking for some advice on how much to budget in building a new double garage with aluminum pitched roof 6m x 6m or so, with panel door fitted.
also considering doing a 4 post brick carport with pitched roof with or without panel door on it.
It wouldnt bother me buying a kit and doing it myself or getting someone to install itAny idea on approximate cost would be very helpful for my budgeting. If anyone's done it or is a tradey just drop an estimate in
timber posts and colorbond roof is your cheapest option, approx $6000 + for 6×6.
where are you building?? i can quote if in eastern subs melbourne?? or get a stratco kit and do yourself?? would be cheaper.
let me know your thoughts.
waynehi jaywi, i'm interested in doing j.vs in the melbourne area ? have u any specific areas?. i live in eastern subs and have extensive knowledge of frankston area.
p.m if more info required.
thanks wayne
am looking to buy development site now in frankston, 2or 3 unit site ,about $400 k. do u know of any?? thanks yorkie
hi scott,
the property that i'm looking at the council knocked back the current owners proposal to build because of the unregistered easement, so there are aware of it?? which poses the problem…..need to do more research.
thanks wayne(yorKie)
Scott No Mates wrote:kattan wrote:btw whose responsibility is it to register easements? if unregistered how is the prospective buyer going to be aware of the condition? KattanFor an easement to exist, it needs the consent of the land's owner (ie the property which is burdened) as well as the documentation submitted by the property benefitting from the easement. To find out if there is some form of easement, you should approach your solicitor (or do the search yourself) of the adjoining properties to discover whether in fact that there is an easement – you'll discover that the other properties might have a right to drain water etc over your land.
The responsibility for registering the easement lies with the person benefitting from the easement. If they haven't registered it and it does not show when you make your enquiries eg http://www.DBYD.com.au, then you can build in blissful ignorance.
hi jan, just been looking at your thread regards un registered easements, and am in the same boat kind of, am looking ata property in frankston which has an unreg. easement and wondered what was the final outcome of yours?? any info would be good as have been searching allover.
ta waynethanks mike, your the man.
this is agreat offer from a genuine person.
there are not many out there now adays ….
hope to do business one day.
wayneits very expensive, check out smartpropertydevelopment.com.au
$550 dollars and you don't get all the hype…….. email me at [email protected] for any more views,
good luk
waynethats great news, just wanted to make sure that u;d done your homework, sound like you have.
good luck with the next one.
wayne
hi, i,ve been looking at development courses and there are a few, you can spend $6000 with ccorp and get all hyped up(wouldn't recommend) also there are peter comben , google him and also positive property strategists, another mob that do it, also theres the red club developers, in sydney. you'd be better off reading some books first and speaking to a town planner etc or d.a mob who do all the drawings etc and then get the ball rolling as will take 3 years to complete. you better off doing it now as will be perfect timeing then…
good look.
wayn ebzmum04 wrote:Here it is: the finished product. Any comments appreciated. Link to RE.com.au. Have just emailed agent to ask if can reorder the photos as I think the interior shots are the ones that will attract.http:// http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105615700&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=41656779&s=qld&tm=1237458354 Thats all folks for now.hi bzmum, well done, looks great how is the feedback on the property so far?? keep on at the agent to push to fhogs as we don;t know if the grant will be exteneded…… probably will but who;s knows.
also have some suggestions. the garage doors would look better as 1 colour white or cream whatever, at the mo it draws your eyes to them and u don't want garage doos as a feature….. imho.
also have you read "wealth for life" tony melvin and ed chan, very good and easy read. it would be better to hold onto your asset get depreciation report done before end of tax year and re-finance either 80% of $3150000 and get $252000 back or borrow 95% pay mortgage insurance and gett all your money back and rent, if you sell you lose most of your profits to tax man, cgt. and have now asset appreciating. if you want sell sell after 12 months and live on the equity you just added and then you feduce your capital gain by 50%…. anyway try and read the book, it will throw a new light on what you done.
well done, it looks great.
watch out for agents as they will try and convince you not to sell…. they only mak e money on selling…… let me know how you go.
great read.
waynep.s what was the price back then for carlys course?? ta wayne
thanks for that, and carry on your education, sounds like your in a good place..
waynehi azalia, have just been to the carly crutchfield seminar and have signed up for the developers course, when did you do it and what was the price ? if you don't mind me asking. there currently doing it for $5999.
also you said about there support was not that good? just basic info or getting in touch or?? any thoughts would be appreciated.
aslo interested in what your new job entails? as would be interetsed in similar in victoria.
good luck with beach thing at perth.
wayneMichael 888 wrote:Nice strategy Yorkie,You will certainly add even more value to the equity equation if you go thru with strata, however your costs will also go up. Council, water rates, possibly land tax etc. Weigh up the pro's and con's of doing this. Of course if you are looking for a future sale of one or all (one at a time) then it's all roses. If it's for a long term keep…..think twice before proceeding with strata.
I purchased four doors in Sydney about two years ago, and they were strata approved (reno'd and all council work done), however they were not registered. All I needed to do was pay council $1500 and they would be on their own title..
However as the intention for these was as a long term portfolio hold, I elected to leave them as is and keep holding costs of rates, etc lower. I also got a great yield for middle Sydney and with great depreciation write off. Not CF +ve at that time, but very close.
Any way, good to hear about what you're doing. You sound like a useful bloke who's out there doing it, I'll give you a call some day or email you and we can chat further.
hi micheal, point taken, there a long term hold as well so mite just let them tick over and get it refinanced and use the equity.
thanks for that insight.
will be good to chat, always open to new learnings…..
thanks
wayne
