Hi all

Buy/reno/sell is my game, I do 1 bed aprtments. I donot have a rule of thumb.

It is project by project, though, I did do a standard budget for a 1bed reno. ie Kitchen/ bath/bed/lounge. which on my 1st one I was under.

I use this bench mark budget when I do my costings on properties that i’m looking at to buy and when I buy I modify it to…[Read more]

Hi all

I have had a look around the web for the same, nil on free (good ones anyway)

I was in Harvey Normans on sat and saw some there, one was about $50 and some in CAD around $150. I am going back next week when iam 5yr old free to have a better look. I let you know if any good.

Celeste

Hi Paul

I gave the free line a ring they do not know.

Try ringing head office no. -under contacts (open and scroll to bottom) if its full and you want to go, they maybe able to keep a note of you and let you know if there is a cancellation.

otherwise it starts a 3pm at the convention centre on the friday, turn up and see if there are any no…[Read more]

Hi Paul

It on friday 27/10/06 until sunday 29th Subject Reno’s development & subdividing.

cost $2500.00 if paid all at once or $2700.00 payment plan ($450 pm)

Apparently you take a bus around the projects they have going then go back and discuss then in detail – thats the bit I like

I have not seen it advertised for a while do not know if any…[Read more]

Hi all

Actually I just double checked this on the ATO site last week, due to one of mine having a long settlement.

They say the date you sign the contract or offer/acceptance and I double checked with my accountant.

Here’s the cruncher its both ways when you buy and when you sell.
they call this a CG avent.

What you need to watch for is: if…[Read more]

Hi all

Like I keep saying, work out a plan of what you want $ how you want to pay & or set it up and go to the bank and ask if they can do it.

Always worth a try.
[biggrin]
Celeste

Hi all

I have a 5yr old and I know the kids play place like jungle gym, tropical twist etc with cafe and party rooms do roaring trade in my area.

must have a cafe for mum / dad

the cafe can also do the in house catering for the parties.

If you want further info how the ones I frequent work I can fill you in.

my email…[Read more]

Hi all

How about finding out the day they are moving in and organise a basket with themos of coffee / sandwichs / cake / cool drink.

Celeste

Hi all

Just a thought, do not know if legal or can be done.

Can you set up your own company say ” Student accomodation pty ltd” and do your third party lease through it?

Celeste

Hi all

One more thing I do not know wether this is any help, all you can do is ask the bank if possible.

When we built our PPOR we had a building loan, this was a loan approved to a certain amount, it was based on the value of the land and the value of what we were building.

So we had an approved limit, interest kicked when we started to draw…[Read more]

Hi Island girl

Your situation is similiar to mine. I also have a husband who does not like credit, but he is financially aware.

We also have a PPOR value conservately at approx 700 – 800k paid for, on this we have hubbies business LOC 140k, and an IP -ve with 120k equity.

I also wanted to quit work, luckly I receive and income from hubbies…[Read more]

Hi all

Is there any permit or licences need via the council etc.? Boarding House?

what sort of Bathroom to Rooms ratio do you need?

What sort of Insurance is needed?

Do you furnish common areas ie Kitchen / lounges? T.V / fridge / wash Machine/dryer / kitchen ustensils etc

Parking?

Laundry?

phone / internet ?

There’s are start for replies…[Read more]

Hi LifeX

Thanks for responding, I buy 1 bed apartments and Reno.

They generally have
2 fuses = 1 x power and 1 x lights
gas upright stoves
either gas or electric instant hot water systems.
and have 3-4 rooms (depending on kitchen lay out.)

I am trying to nut out a way of getting rid of the up right gas stoves and make more cupboard space and…[Read more]

Hi all

My comment re: Perth being different to Sydney .

I failed to explain properly, recently I read on this site where some one in Perth (sorry forgot who and which forum, I think it was this one) has purchased at the lower end of the market thinking when the bubble bursts he will be safe.

Other contibutors explained that when Sydney’s…[Read more]

Hi Christopher

What you want is a line of credit, this is a mortgage in most senses.
except it works like a credit card. You have a limit and you only pay interest on what you use each month.

It is what I use for my reno’s, the line of credit is on my ppor this is no problem with tax as it is a seperate loan for investment / business purposes…[Read more]

Hi all

b4 I moved to Perth, I had a house in Monee Ponds Vic, when we reno’ed it , we found behind the plaster on the inside of the weather boards that the builder had signed his name and dated it. It was 1 month off 100 years old when we sold it. Just missed out on the heritage status.

We sold in 88 last year when I visited I drove past and…[Read more]

Hi all

Oh dear, you mean I can’t sit in my office surf the net, play spider, have a coffee / choky bikky whilst watch the midday movie to make good deals?

I have to go out into the big bad world???

Who exactly should I talk to and how do you find properties that are not listed???????????[blush2]

Celeste

Hi all

Yesturdays paper & news echoed my thoughts on Perth.

I did not see value in Perth for long term as the rents are to low and prices to high.

But I did see short term gain buying / reno / selling.

I am seeing rents rising in Perth now eg. my apartment in vic park is leased at $120 pw (previous owners lease) this is month 5 of a 6 month…[Read more]

Hi all

Great info Amanda, I have printed it out and will read it when the 5yr old is in bed.

I haven’t gone down this track yet, I have started researching it and trying to figure out the Rcodes, so I will be able to spot a potental property and the likely hood of all the approvals.

I have so many questions that when I try to think of what to…[Read more]

Hi all

In Perth it is simpler, the REA uses a standard form issued by REIWA and you can get your own from stationers and news agents, if you are private selling.

It is filled out where ever you are, at the property, their office your home. I did one on friday at the property, once I had inspected, it was subject to various things that I had 7…[Read more]