Thanks for your replies everyone.
I did it myself except for the tiling and new sink.
I would post pictures if this site allowed it. I don’t have anywhere I can upload it to for a link. The picture hosting sites are too confusing.
If I was going to get the floor tiled too, would the tiling come before the new kitchen and go on top of the tiles?
Or do the kitchen benches/cabinets/cupboards get put in first, and just tile around where they have been put?
I’m thinking of doing a renovation in my investment property. The kitchen is dated, ugly and partly broken.
What should I expect to pay for a new kitchen (including dishwasher)? It’s a small kitchen – 6 or 7sqm.
I’m not interested in getting a flatpack or doing any work myself. The finishes would be normal – not flashy, not…[Read more]
I think it can keep rising steadily, particularly if interest rates are cut early next year.
A whole new group of speculators and tyre-kickers who would be sidelined now are able to enter the market when rates drop meaningfully.
Can anyone point to a time when house prices have fallen WITHOUT interest rates rising first (i.e. while rates have…[Read more]
Thanks for your response – much appreciated. I wish my broker had’ve sent me to one of those banks then, because I could’ve saved 6 months.
So with commercial lending, what would a typical LVR be for a multi-unit construction (e.g. 10 units)?
I’m building a duplex, and my loan is the same as a normal property investment loan. The interest rate is about 5% or whatever.
ANZ say they will treat up to 4 houses on one title as a normal property investment loan.
What I would like to know is what will happen if I were to build for example 6 houses on one title, and need…[Read more]
I put it on there for $100. He talked me down to $50, but I didn’t care, I told him to pick it up and give the money to the tenant. I let the tenant keep the money. I just wanted the metal gone.
You sound like you’ve got a fair bit more than I did though – maybe a couple of hundred dollars would be appropriate….?
Wow thanks for all the great responses everyone.
I don’t understand the banks’ approach to this…. why isn’t rental income considered to be more secure than a salary? Someone could get sacked at any moment, but a house would rarely burn down….?
Also why would AMP have a policy of not lending to anyone with more than 10 properties?
Does anyone have any experience with having only rental income as your only source of income?
Say you own 4 houses that are cash flow positive, which make you $50,000 per year.
Is there any sort of discount applied to your income, based on it not being a salary?
What I’m getting at is how do you know you can quit your job, and still be able to…[Read more]
I'm thinking of buying an apartment in Santiago. To the original poster, if you ever come back to the forum, I'd appreciate any info you can share about strata laws (or the Chilean equivalent) in the country.
- Load More