yesterdays CPI was a little alarming.

RBA might move on Aug 7, but I hope not as I have an auction on Aug 11.

fishman wrote:
boot the tenants out in 60 days, agree with the owner that I can have access from that time to start fixing it up, and hopefully get it back on the market before I have settled on the purchase

who is silly enough to let someone who doesnt own the place start demolishing it at the owners risk? what about liability if you hurt…[Read more]

people coming through and saying they love it doesnt mean much. people who are REALLY interested will find the smallest issues to whine about…..its a game of poker. plus the owner was there and people never say anything bad when the owner is there.

Hi Podney

Im gonna be brutally honest.

first, street appeal is quite low. you should have rendered the front and resprayed the roof. the plants look enemic. either get the garden growing earlier or spend the extra on more established plants. I do however like tinted windows as a replacement for lace. the letterbox is uninspiring also.

who is…[Read more]

L.A Aussie wrote:
If youj buy and never sell there is no such thing as a downturn.

when did sticking your head in the sand become an investment strategy?

bank wont up your limit with all that debt. plus it would probly be a violation of your mortgage agreement.

thats a blatant lie.

from rba.gov.au:

Inflation Rate
CPI Year to March 2007 2.4%

Hi Kel

I know how you feel. As an apprentice electrician in the early 90’s I often drilled into asbestos and nobody ever said it might be dangerous to do so.

Im absolutely convinced the stuff is in me. But if it helps ease your mind, its mostly a media beat-up. Im not saying the stuff isnt bad, Im just saying having seen it once is not an…[Read more]

I was quite worried about what you were doing at first, too many people jump into reno's after watching the TV shows & thinkin its easy. Good to hear you know what you are doing.The reason I ask about being a builder instead, is I have found the hourly rate you come away with when doing reno's is quite low…..tax free for me makes it better, and…[Read more]

If I was a builder, I would be hiring myself out instead of doing reno work…….especially if the reno work is all taxed profit. yeah I know…..youre not registered…….but even on wages you would be better off than doing reno work. are you a foreigner?

Your qualification is a major ommition in the details thus far!

Whats the rest of the story?

argue a good case. show him the numbers that work for you. maybe get a valuation.

The limit for homeowners is $12,000. used to be $5000. its pretty hard to do $12,000 of structural work unless its an addition so I dont see why you would ever need to be an owner builder. things like gyprocking / tiling and even non-load-bearing walls dont need a builder and should be excluded.

oh yeah, and they come pre-primed, which saves heaps of painting time

goprivate doesnt seem to do much for you….I listed my property on domain.com.au for $295, the other sites they give you are crap. and why pay $495 for settlement when most conveyancers charge $290?

they are often more consistant and have a better finish than pine ones. seem to be equally hard wearing, though MDF hates water so be careful where its used.

Hi Jon

your post says to me that there are too many agents. I live on the Redcliffe peninsula in QLD, and there are about 40 agencies servicing a population of about 200,000. Thats one agency per 5000 people. average agents per agency about 5, so thats one agent per thousand people. Tell me thats not CRAZY saturation? Other parts of the country…[Read more]

Hi SebsezI had spent 15 yrs on construction sites and watched other trades when I could. It helps but at the end of the day you need to learn every trade (and most of them have a 4 yr apprenticeship) by the end of the 1st reno. There is a lot of misconception about which trades are the easy or hard ones. Tiling looked easy but was probably the…[Read more]

My partner and I do it full time. Its no 9-5. we work 7 days and usually 10-12 hrs a day.

5 renos a year? improbable. 2 at best. taxman will be looking hard if you are doing 5. I only do my PPoR so its CGT free.

get foxtel & start watching the lifestyle channel.

Property #1:

paid $220k Aug 05.
reno cost – $40k
sold Dec 06 – $346k
profit -…[Read more]

devo76 wrote:
[Ummm. Nsw flat for some time now. Perth  peaked, the same for Darwin.SE QLD doing well but. Low affordability. Rising interest rates.

NSW flat? not according to REIQ or RPData. Most suburbs I looked at in Sydney are up 15% this year.
Perth peaked? only if the commodity boom is over, which is a brave call.
Rising interest rates?…[Read more]

mahahaha

“more or less finished”

I remember people saying that in 2001.

What downturns are you referring to?

I wouldnt worry about trying to predict future opportunities until you have a handle on current ones