Bought my 3rd IP in August for $185k Merriwa, Perth…have been spending many late nights, and weekends, renovating this place by myself.[cigar]
Even though it’s been challenging working fulltime whilst trying to meet reno deadlines, and trying to keep to the budget, I’m learning heaps and hope to have it all finished and rented out before Xmas!
I’m hoping to get $210 p/w rent, and hope to have the house valued at around $225-$230k (should have spent about 12k doing it up).
At the age of 23yrs, i’m pretty happy with my progress to date – though I just hope the market keeps going the way it has to allow me to continue growing my portfolio!
Should I even ask what people think is going to happen to the Perth market? Do you think Perth will continue it’s growth for at least 1-2 more years?
Cheers
Wayne
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
I would look at what your goals, long term strategy is? eg, are you looking to create cashflow …or are you looking for the capital gains? If your looking for capital gains then selling up and re-investing the money into another more productive investment maybe the way to go…
In regards to the block being permitted for a duplex – what permit’s the block to be a duplex block? Is it purely based on the size and zoning of the block? (just curious:)
cheers
wayne
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
I ummm’d n rrr’d… then after doing a few tile cuts I’ve decided to go with the skirting boards on top of the tiles. I see your point Tools – however in my situation placing the skirting boards on top has allowed be to make a few “measuring mistakes” along my wall lines and be able to get away with it!
I guess if I had a bit more practice and was more experienced with getting the cuts right then I may have laid the skirting first.
Over the weekend I laid my edge tiles and have done about 5 rows of the diamond pattern from the games room corner.
Things have gone pretty smoothly and I’m pretty happy with the results![biggrin]
I hope to do at least 3 rows each night after work – so hope fully in a couple of weeks I’ll have it all finished up:)
Once I’ve finished I’ll post up some pics:)
Cheers guys!
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
Though now I’m unsure which way to go! The house is only a couple years old so the floors and walls are all relatively straight…
– Wayne
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
I’d like to be rich enough so my IP’s could buy me a boat, and pay for the weekly expenses of running a fishing charter business in broome!
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
Is there a calucaltion to work out the cost of mortgage insurance?
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
I spent last night cleaning up the area to be tiled and have started laying a “Dry” line of tiles to find out the best way to go. I’m going to be laying the tiles with a border, then in a diamond pattern across the living area.
I understand that I have to choose the appropriate corner to start from – eg, to start laying the diamond pattern.
The corner I choose to start from will look great as I can simple cut a tile in half and the triangle shapes (half a tile) will fit in along the straight lines of the corner I start in.
However, when I get to the other side of the room I’ll have tiles I will have to cut- giving me un-even diamond patterns on the opposite side of the room.
My question is – how do you choose which corner to start from?
The living area has 3 door ways and a main patio entrance… therefore there’s not just the one door way to start from.
i was gunna start laying the skirting tonight in the room that has tiles! I’ll start the tiling instead:)
I don’t suppose you can recommend a good tile cutter??
I’ve been looking at the manual and electric ones. The electric ones are nice those the tiles I have are 333mm in width, so cutting those tiles diagonally won’t fit on most of the electric tile cutters.
The manual one I was looking at is a DTA 570mm tile cutter – bout $200… This should do the job – though the electric ones make the job look so much easier:)
Just with the skirting…won’t it look a little weird if the skirting is at a different height in the rooms with carpet – compared to the rooms with tiles?
Thanks for your help!
Wayne
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
Do you usually put just the one coat of paint on the pre-primed MDF?
All the floors are concrete at the mo…We’ll until i lay tiles and carpet:)
While we’re on the topic of skirting, I’ve got another question to ask:)
I’m gunna be tiling a room which I also plan to lay skirting boards in – is it best to lay the skirting first then but the tiles up to the edge of the skirting – or should I put down the tiles first – then lay the skirting over the top of the tiles?
Hope that made sense!
cheers
wayne
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
Cheers for the offer chupachup! Though unfortunately I live in Perth…
Yeah I haven’t been too impressed with bunnings either – yes, their prices aren’t to bad though their customer service is shocking!
Because I plan to do a fair bit of wood work – both in this house, and future IPs:), I’ve decided to go pick up a router:) I’ll be doing them this weekend – so I’ll let u know how I go:)
Btw, has anyone had much experience with laying skirting boards?
I’ve just laid it in two of the rooms, and I’m now thinking that I should have given them a coat of paint before laying them! The reason I didn’t is that I’d have to paint over the dowel holes after fixing them to the wall – though I guess painting over a few holes, would be much easier than painting the whole skirting board:)
What’s the go… to people usually paint them before laying them? The skirting I’ve laid is the pre-painted white MDF stuff – so it should only need one more coat to finish it off…
cheers
Wayne
Btw, hope all you Perth people enjoyed your long weekend!!!
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
If a first home buyer did buy a block of land as their first piece of property, would they still get away with not having to pay stamp duty?
btw, did u get my email bout my other post?
cheers
Wayne
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
cheers richmond! Do you think this is one of the best term deposit accounts around?
I’ve heard a few other people mention ING direct…
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
g’day simon… what kind of extra info do u need to know?
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)
legally i don’t own it, and don’t want to because of liability factors – becuase it’s my parents its based on trust…
Wayne Leech
*Below are links to my websites – any feedback, comments would be appreciated:) http://www.landsearcher.com.au – List your land for FREE (Private sellers only) http://www.homesearcher.com.au – List your property for FREE (Private sellers only)