KP

What?….That does not make any sense. Now stop it.

Bradshaw.

mrsimba

Residential Property
Some rules you may want to consider

When seeking to purchase property well positioned property should always return good CG over time.
When not buying for CG it should return good constant cash flow. If you think this property will do either or both, I would buy it. If I were worried about either or both, I would…[Read more]

Gross, Dannyboy, Spi, NatR, KP

The package has arrived, meet me at position x on the birthday date.

Bradshaw.

Pradeep

I have several units on the Gold Coast, both in Surfers Paradise. I will tell you about the last two deals that I did there in 2001

1. 2 bed 2 bath 1 carpark Peninsula Building beach front full sea/beach view 8th floor new kitchen and paint. Unit was an 8 out of ten in condition. Listed price $250k
Purchase Price $226k
Settlement…[Read more]

Thek

Your plan sounds fine. Many investors have made good profits doing business this way. Several things I would offer to you. 1. Buy property that is sound. 2 Buy what you can afford. 3 Do not over spend on the projects. 4 Do not pay more than what the property is really worth.

Over time you should be O’K

Bradshaw.

There are several things that concern me as a property investor when making a purchase to add to my portfolio.

Is the property sound in construction.
Can I afford it.
Is the yield reasonable
Is there good prospect for CG
Why am I buying the property (cash flow or CG or maybe both.)
Have I allowed a buffer if things change

If I am happy with the…[Read more]

Hi Munno

I agree the Sydney market is still overpriced.The yields are low unless you can find a bargan. You can still find reasonable deals in other area’s for under $260,000. Your repayments of your mortgage is a fair lump of your combined income so I would be careful not to over extend yourselves with a poor yield on your first investment…[Read more]

The Saint

The re-valuation of the property when this work is complete IMHO would not increase too much. It will still depend on Land value, recent sales. In relation to improvements on the property in regard to a rental increase, I would try for a minimum of 15% of the cost of the improvement and add that to the weekly rental. I have always been…[Read more]

FYI

For those who know the joke about the old bull and the young bull. I emailed Shade 121 and told him the joke. Not sure if it was appropriate to post on this forum.

Bradshaw.

bnb

You are at Mt Tamborine what would suit you re a meeting venue. I am available anytime between 29th Oct to 6th Nov 2005. If everyone who is interested in meeting up were to post a few dates and locations we will be able to narrow it down to get the most people there. Maybe we could call our group the Gold Coast Property Investment Interest…[Read more]

Shelley D

There are still other areas returning 6% plus on purchase price with good prospects for CG. Alice Springs is one if looking for the long term. Or are you intent to stay in your local area. If this interests you check out the web sites of Elders, Ray White, Raine and Horne, Westons in the Alice. I just saw a block of one bed units reno…[Read more]

Shade121

There is some good advise given in the replies to you. At 22 with a little research and experience in the future I am sure you will one day be very wealthy indeed. BUT, remember your youth and approach your investing in a way that will make the trip an enjoyable experience. A comfortable LVR will assist in this enjoyable trip. Do not…[Read more]

I am in Surfers Paradise from the 29th Oct to 6th Nov 2005. Then again after 19th Dec through to forever maybe. I would be willing to travel a bit in the area to meet with you guys. Is anyone game to pick a time, venue and date for a get together and see what happens from there.

Bradshaw.

Dohicky

In my line of work, I am supposed to seek permission to hold other employment. I do not think it would be opposed.But then again, why bother them with details.

Bradshaw.

Hi bnb

It is my intention to relocated to Surfers Paradise in 2006. I have several properties in that area. I would also be interested in a group of like minded people to discuss property investment. I can be contacted via Email. ( Look up my profile ) Bey the way NORMAL friends do not invest in property. You have to find UNNORMAL friends. (…[Read more]

Hi everyone first time posting from Bradshaw.

Just for interest sake. I am always amused with I see that property in the N.T. is still going up. It is true when this is applied in the Darwin market, although the N.T. does have other towns. These town include Tennant Creek which in fact is going backward. Also Alice Springs hit it’s peak around…[Read more]