… you saw that made u scramble to the email/phone to call the real estate agent to get a look through or more info? just out of pure excitement at what u saw!
me??
i KNOW this property i found today will most likely be under contract by Tuesday – given the 4 day weekend. If there was no public holiday tomorrow it would be under contract tomorrow I do believe.
As soon as I saw it I felt a bubble of excitement start to well inside, and now i am patiently waiting for a reply email from the RE to let me know if i can look through on saturday.
ive been wanting a prop to reno, and have been checking a few times a day for new listings. im wanting a 3+ bedroom house. whenever one comes up that is under $300k it is gone straight away.
so now this very interesting looking duplex has come up. very unique design. one house on top of another one – so two story. upstairs unit has 4 bedrooms, renovated kitchen. downstairs has 3 bedrooms. both are in not bad condition at all! from the photos it looks like fairly decent carpet, and not too bad paint. but in need of a freshen up.
rents for $740 a week, collectively. asking price for the duplex – $450k !!!!!!!!!!!!!!!!
oh i hope and pray that this (1) is actually a pretty decent looking prop – photos can be decieving, (2) we get a chance to at least put an offer forward before it sells!!!
what would u be doing? putting an offer forward before even seeing the prop?
(edited to take out town of purchase in case someone is watching
never thought of that!)Hey Karen,
I guess no one wants to admit to getting that excited! As for your duplex, the one unit on top of another thing is a bit of a turn off for me, personally. It might be different if it was actually designed that way from the start, but I've seen too many that were just closed in high sets, and I imagine two families living on top of one another, and just can't get comfortable with the type of tenant and the length of stay I would expect under those circumstances.
SI get all excited – then check it out on google street. A viewing on google street – normally has me easing back into my chair
if you really like it that much. I would keep it to myself until after purchase.
/me slinks into chair and looks around to see who is watching over her shoulder
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so did you go and look at it and what was it like?
SGoogle Maps – saves time in wasted inspections (if the street has been covered). One site I considered stacked up nicely however was located on the driveway side of a rough pub adjacent to the keg store (really quiet).
we went and looked but too many renos needed. we would have looked more into it if we had more cash to burn. but who does?
one of the "units" didnt even have a lounge room. and the kitchen was half the size of what i would be happy to live with. who wants a 4 bedroom house with a teeny tiny 2 meter kitchen and no loungroom??? not me. i dont know how the current tenants live there – they have 3 young kids.
besides, i went to see my financial planner today (first appointment) and they are doing up a plan for us. its a bit exxy but its worth it. its a long term plan where we employ them for a certain dollar value and each year they are available at any time over phone or email to help us out, and then once a year our whole financial situation and reassessed and picked apart to see how our investments/finances are going and what steps we should take next.
he is getting back to us in 2 weeks with our completed plan for discussion, so we arent doing anything until we see what he recommends. when ur as "green" as i am u appreciate help from someone who has been there and done that
he has over 30 investment properties and is labelled the best in the region. costs a pretty dime though! but i guess ill find out if he was worth it haha.Glad to hear he has real estate. Too many FP's flog the sharemarket. With 30 IP's he should have some good advice and some handy knowledge.
Hi Karen
I'm also looking around for a good financial planner. Did you do much research in picking one or did you get a referral?
Regards
Anthonyit was referral based. i asked everyone i could think of that is interested in financing and most people mentioned this company.
and i like the way this company is run. I pay my annual fee (not commission based) to use their services and advice, and they dont sell their own product. so there is no conflict of interest.
they have a commission based service if u come to them with a lump sum of money and get them to invest it for you, but that didnt suit our needs. so we are paying a lump sum each year instead for their guidance.
never thought of that!)
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