You can do that but I find mostly Real Estate Agents don't have vision. ie -they can't see what it WILL look like. Look on the net at what's available for rent. That will give you an indication. Look at what renovated places go for. It's hard for an agent to know because they don't know the quality of your work. You may say "new kitchen" but it…[Read more]

OK. get an asbestos specialist in to see what IS asbestos. Not all fibro is asbestos. As I said it is rare for a whole house to be asbestos.

There's a BIG chance that only the kitchen and bathroom are asbestos. If that's the case you can remove the rest yourself.

I understand you not wanting your family there but people SEVERELY over estimate…[Read more]

OK. get an asbestos specialist in to see what IS asbestos. Not all fibro is asbestos. As I said it is rare for a whole house to be asbestos.There's a BIG chance that only the kitchen and bathroom are asbestos. If that's the case you can remove the rest yourself.I understand you not wanting your family there but people SEVERELY over estimate…[Read more]

You are not a tenant as you are not living there and you are not paying rent. Contents cover will not cover your contents if you aren't living there.Never assume current owners have insurance. Also they may not want to claim on their insurance if it doesn't involve them. Always get your own as soon as you exchange contracts.

worldinvestor wrote:
HI ShaneMy brother in law is trying to sell a property, he has had 2 offers both deals fell over, apparently once both buyers found out it had asbestos walls they pulled the pin.What State are you in, as I may be able to recommend someone who can remove the asbestos.Personally I would get rid of it.

That's just ridiculous.…[Read more]

If there's no Body Corp I assume there would be no minuted meetings so you wouldn't get much information except for moneies in the accounts. Is there a strata company? If so get the owners permission (letter) and make an appointment and go and look ast the books. They usually charge a nominal fee ($30). If there is no money in the admin fund or…[Read more]

If you don't know what it means you really MUST get your solicitor to look at it. No time? Send it to him. He can read it and get back to you. I sent mine a contract Monday morning asking if there was anything scary in it. They rang back Monday lunchtime with an answer.I wouldn't risk my money buying something that may be a dud. If you can't do…[Read more]

What do you mean by "one side" is vacant? One house is vacant? Is it 2 separate houses or one split in 2? Makes a big difference.

He'll work something out? haha. Why woul he tell a complete stranger about a deal that could prpfit someone hundreds of thousands of dollars. You're dreaming!!!   It looks better for them if there are a lot of people there (especially one that gets the auction started).He can't work anything out. I f you bid you MUST have 10% deposit WITH YOU. D…[Read more]

Withdrawing the money to invest is not a problem as it will be for investment purposes. It doesn't matter whether it comes from the redraw or offset. Where you come unstuck is when you turn your PPOR into an investment.If you want to buy a new PPOR and pull the money from the existing PPOR it could get sticky. Speak to a property savvy…[Read more]

booge wrote:
I'm taking the plunge again! Nathan Birch is having an investment night. This one's free and less than 2km from my house. I figured i've got nothing to lose but time on this one.

Nathan's an inspiration. AND he doesn't push for sign ups and the like. Well here's my take on the Reno Kings 7 Killer deals presentation. Small room…[Read more]

Welcome. What are you hoping to learn from the forum? Have you purchased property or hoping to get started?

Bit hard to say whether it will be easy to rent without knowing where it is. If it's in Sydney near the CBD no there will be no worries. Some places are 28sq.Other areas of course will differ.

OK maybe approach the bank with you proposals and see how you go. You can try to negotiate terms and still go to auction (eg deposit, settlement time etc). Not sure about a laneway though as I'm assuming another party owns it. Sounds a bit tricky but if it's worth pursuing go for it.

Anyone who bought property based on what the Real Estate Agent says is a fool waiting to be had. It's as simple as reading the contract. All the information is there.Reading the contract will tell you how big the block is, where it is, boundaries, water etc.

Not 1-1.  They have regular meetings. They try to sell you their OTP investments in Queensland. Save your money. There are many threads on this in various forums. I'm not going to hehash it.

No. It doesn't matter who's name the loan is in, it's who owns it. She can carry the losses forward (not sure how many years). That will help if she plans on returning to work later. Congrats on your new baby.

It's not a requirement to go to auction but when they do there's no dispute about "fair price". Which is why they DO go to auction. Why do you want to pay market price? If you are going to auction don't show your hand before.If you don't want to bid at auction, wait until after. It will be listed with a price then.

I'm going to the Reno Kings one tomorrow. I do hope it's not a waste of time. I do reno's myself already and thought I might get some useful info on how to take it to the next step. I currently buy, reno, hold but would like to go part time at work and do at least one buy, reno sell a year.I will report back tomorrow night. I'll be saying…[Read more]

Thank you. Have downloaded it on my iPad- will read it this afternoon.