Forum Replies Created
Thanks guys, will get some proper advice before I go any further.
For the record, Im in NSW.Cheers,
BenThanks for sharing Lisa, great to see people hitting the road even when they’re not buying, and sharing their experiences. Even though fixing up the place a little may not affect the return, It could have a large effect on the increased value of the property?
Hi Audrey123,
Sounds like your well on your way to acheiving your goal. Great Work, you have a great mindset to be successful. Just wondering what age you started investing and how you funded your first deposit (if any).
Personally, Im 21 and am currently in the process of buying my first property (its taking forever- 8 weeks and counting so far, but doesnt worry me as am saving heaps a week which will be spent on the reno once bought).
An alternative is the Excel Rental Workbook which seems to be alright and easy to use: http://www.excelaustralia.com.au
For a quick analysis of cash flow for potential property investments try the jaffasoft site: http://www.jaffasoft.com
Yeh its normally on the last Sunday of each month at Petersham RSL, but not sure if it was on last month. I was working anyway
So is it still on this Sunday (last Sunday of the month)??
Same place, Same time?
Thanks for that Jhopper
Funny that, I too often wonder the effect on concrete and building structure when a body is thrown in the footing (I also think ive watched too many mob movies).
Hi Jenny,
Im currently in the process of buying from department of housing, but as a former tenant, so not exactly the same. Still, if the property is really run down the department will probably not bother with the upgrade costs to make it suitable for tenants, so may sell it. Best bet is to call the department of the area it is in, and ask to speak to the person who looks after sales of dwellings/houses. They will probably try and quiz you as to who you are and why you need to speak to them, so try and and get trough this- just say your interested or theres an issue with your adjoining property or something, they will almost definitely ask you the address of the property. Once your through you will be able to speak to someone about it, but they will most likely need to pass on the information to someone else (its a bit of a mix up there). Just make sure you keep calling otherwise it may take a while before anything gets done. It might be possible that theyre waiting for the right people to put in there so might not sell. Anyway its worth a shot.
Good Luck,
BenActually his name on this forum is PM Direct, and Presto is his name on the somerset forum. As mentioned he is a very nice guy and very experienced.
Cheers,
BenHey,
Im from the Central Coast and am about to buy a property in the next few months in the East Gosford Area. There are some bargains around, especially for those who dont mind doing a bit of reno work. Erina is a really good location and has rapidly grown however it has become a bit expensive in recent times. The same goes for Terrigal and other beachside suburbs (e.g. Avoca and Copacabana). I believe suburbs near the freeway have good potential (as you said its handy for commuters to Sydney) and theres been a bit of development along the freeway up north (e.g Warnavale, Blue Haven etc) but I prefer areas like East Gosford (and even the older, cheaper parts of Erina) as it is central to everthing including the beaches and the freeway. Gosford looks as though it may be changing for the better also. I think the Central Coast market may be down at the moment so it may be a good time to start sourcing potential properties. Id be interested in hearing any other opinions.
Cheers,
BenSee yas there
Thanks Len,
I will certainly be making myself available for that evening.Cheers,
BenHey Matt,
I think its a great idea. Im fairly young and looking at investing in the near future. I moved to sydney about 3 years ago from the Central Coast and would love to meet some like minded people in a similar situation in and around where I live, as well as receive the guidance and education from those more experienced and knowledgeable. This “Young Club” sounds great. Keep the ideas comin’ guys
