Sorry Wolfe I read as " but until it is a good couple mil…." meaning when you have a good couple of mill you can start to give back. My mistake. 

As Scott said.   But answering your question- It depends on the area and what the expectations are by buyers and renters. We recently bought a house with a small bathroom and separate toilet. Normally I wouldn't combine them for a house but by combining them we can add a freestanding shower (instead of over the bath) and this outweighs the a…[Read more]

Paint never goes astray. Clean/replace carpet or polish the floors, tidy the yard. These are cheap things that make a difference.For a bit more money update the kitchen and bathroom. Some people replace kitchen doors and benchtops but decent kitchens aren't expensive and I just replace them. 2 days in and out (unless walls are a problem. …[Read more]

Scott No Mates wrote:
yes it is possible to buy, refurb & sell at a profit in sydney but transaction costs are high. In your case it'll be around $50k + holding costs. You might be well served finding a deceased estate in poor condition.

Where did you get the $50K from. He didn't even say how much the property costs. Assuming it was $800K…[Read more]

As mentioned don't let people tell you you are too young.Nathan Birch (he's 25 years old now) bought his first house at 18. He used a credit card to get his first deposit. He now owns 30 properties. Self made millionaire. Amazing young man. No-one helped him, he just used his initiative and went for it. He's got a book coming out soon. Can't wait…[Read more]

I have used a buyers agent twice. I have found good properties myself but needed a break from spending all weekend (and nights) looking on the internet, ringing agents and going to opens. Now everything they presented to me wasn't wonderful but I did get 2 under market places. Yes they were on the internet but I would have overlooked them due to…[Read more]

Yes basic $1 = $3. Some say $2 but that's too low for me. But you need to do the numbers for each case. Sometimes you can buy way below market and just spend very little and make a lot. If doing it as a job you need to be more careful with your figures, especially if you are going to sell in 12 months as there's not a lot of room for error.So do…[Read more]

DWolfe wrote:
Maybe after people make a lot of money then they start to ask how they can give some back/share it around, but until it is a good couple mil……

Maybe- If you have to wait until you make a good couple of mil before you give to charity I'm willing to bet you never do.If you have money to spare to invest you have money to give to…[Read more]

Thanks. I went to a few auctions there. Bought in North Albury. Lovely street, lots of private owners. As you said, you need to know the streets. I know Hibiscus. Looked at a couple there. One agent said they won't manage it if I buy there so looked elsewhere.Parts of East Albury are scary (around Eastern Circuit). When there are wardrobes and…[Read more]

Agree with above. Ditch him. He obviously just wants you to take out the max loan through him. The only way the LOC is an issue is if you mix it with personal use. If it is solely for investment then it is tax deductable. What makes it tax deductable is the USE of the money.Just go to the bank and tell them you want to access your equity for…[Read more]

lbluedento  How do you think the UNI moving out to Thurgoona will impact Central Albury prices. Good/bad? As you said Albury has been flat for a while and vacancy rates aren't that low. How has the new development areas affected existing housing?  Population growth is projected to be stable for the next 10 years but there seems to be a lot of b…[Read more]

Mario everyone is different. Some people have more time than money. Others have more money than time. So that's why investing is different for everyone. You do it the way that suits you. There is no right or wrong way. As you said the numbers need to work. Bottom line. I have a friend who buys similar houses to me but he pays people to do the…[Read more]

We do a lot at nights and weekends (besides our day jobs), We rip everything out ourselves. We paint, do kitchen tiling, put vanity, laundry etc in, rip out walls.Builder friend helps with new walls. After bathroom is prepared we pay for bathroom to be waterproofed and tiled (then we put in vanity etc) and kitchen installed and electrical (of…[Read more]

Marie123 wrote:
I have another question – as a newbie and all to this game of buying and negotiation – how do you ask the sales agent "why" the landlord is selling? Is there any good way, apart from just coming out and asking the question, ect?CheersMarie

You can just ask. You may not get an honest answer though. Ask if they want a quick…[Read more]

When you say it's CF+ you mean AFTER tax benefits right? What Jamie mentioned would be applicable if it were CF+ in it's own right (not after tax benefits). As mentioned it's who owns the property not who has the loan, that determines tax allocation.SO if it's in your wife's name you will not get those benefits. Put it in your name so you get the…[Read more]

wwc_1980 wrote:
Hi Jamie, great advice there.  As an example, my offer was 5% under asking price, and this was based on the past 3 months of sales in the same and surrounding suburbs for properties similar to what I was going to purchase (2 bed/1 bath/1 car space) as well as looking at 3 bed houses for comparison as well (No 3 bed units built i…[Read more]

You need to explain what you mean. So what IS your approach?What type of investing (other than a creative one)?   What type of deals?   Why do you need clients?Personally I just go and buy houses.

Well done!!!    It's a great feeling of accomplishment isn't it.Love the kitchen. Isn't it amazing what a new kitchen and bathroom can do.So are you over it or keen to go again? Care to share some figures?

Just copy and past the page from Domain. I haven't posted photos on here so can't help there. Sorry. Keen to look at it. Any hiccups?  Did you take the wall out?

propertyjockey wrote:
I am pretty sure a house will never be as cheap (at least in Oz) as when it was first built. Wouldn't this effectively reduce your exposure in the long run?PJ

What makes you say that? I have friends that have bought houses (regional) for land value or very close to it. So virtually getting a house for free. You can buy…[Read more]