Yes a little bit to far it took my one hour to attend one two months ago I got home at 12 pm , well great allready got a few members will get the first meeting in a month or so looking forward to it :)

there could possibly be a crack in the plaster that wasn’t repaired whn the building was done..

example when the plaster in bought in to the house from the truck sometimes its get’s stacked a bit rough and there are cracks on the face that don’t get seen or just over looked

that’s one possible scenario

not that I know a heap , but I would be thinking with 6 properties and moving to 7 that a trust or buying in company would be vey important for asset protection and tax benifets.. but you would really need a property savvy accountant
I really cant going giving advise as your portfolio is much more bigger then mine . may I ask what state /…[Read more]

the practice

thanks for the reply steve I can honestly say you have helped me even get to the stage of meeting agents and going through properties with check list’s  and being on data base’s with agents your property course has helped me so much..
that particular property I went able to get the vendor to carry any money or a longer settlement they needed…[Read more]

good point arun that makes sense!!!  i guess it would be easir to calcuate if i havent refinanced etc and made it more complicated but i feel like i have lernt more through this exersise and appreateate everyones in put iam sure it can help me with future research on property ill get there

 thanks richard

iam just trying to make sure i have the formula set up for my excell spred sheet so when i do finiancial due diligence iam more acurete with my calcuations and avoid risk

daniel

congrats jamie all the best mate

hey benny
thanks so much for your response!

sorry i didnt make it more clear
purchurse price – $76,000
reno cost –           $50,000
deposit ip2           $50000

the reno i paid cash also burrowed money but that just went stright on to my exsisting mortgage at the time  so i have calcuated that in in full as money in the deal  !! but i arn't…[Read more]

Thanks guys it's great to get help rather then trial and error 

daniel

hi derek i use a guy named leo and he is very good to deal with he is in melbourne and very switched on

lfatone@optusnet.com.au

best regards dan

hello thanks guys means alot 

hey mate i find it like this

lets say you had a property worth $100,000 and give you $16,000 rent

$16,000 / $100,000 x 100 = 16%

This is a gross yield (not a yet return)

hope this helps

daniel

well
my property in kirkwood gladstone

settles tomorow land that is
after a massive delay finially here things havnt quite gone as planned with the val falling by $52,000 i managed to get a $18,000 discount from the buyers agent and builder and the marketing company to help the loss's so total val loss of $34,000 iam hoping gladstone comes back…[Read more]

hi mate
not that i have done a subdivision i have done resesearch on them i belive a small subdivision could be a very good place to start but will have to do all your reasearch on what cost's will be incured and your end sales prices and speak to the right people befoure just buying it makinging sure you can actually subdivide the land be buying…[Read more]