I am definately still in the learning stage and I know I still have lots to learn. I have learnt so much since our first reno on our IP and plan on keeping it as its now cashflow + and in a pretty good location with potential good CG. Want to do a buy/reno/sells to consolidate our LVR as we don't want to be maxxed out.Dave
And that’s my issue. I can find next to nothing where the numbers actually stack up. I’m thinking that they don’t exist so I’d thought I’d ask the gurus before giving up on the idea and looking elsewhere to spend time researching properties.
I have focused on the north side of Brisbane because I know the area well and as I can…[Read more]
I'd be happy to do a couple houses and only make 20k at the absolute worst each. If everything went well hopefully more but I also very keen to get some more experience also. I know a lot can go wrong and its a lot of risk for small return, but i'd rather manufacture the equity rather than sit aound and wait
davejohno replied to the topic Help! Recommended Investment Suburbs for low prices in the forum Help Needed! 6 years, 2 months ago
Collinsville and Oakey in QLD
Even with 50% discount on CGT the numbers don’t stack up. We are looking for a quick turnaround (max 3 months for renos) and move on to another one to build equity and reduce debt, Don’t want to live in the houses while doing renos either as we already have a PPOR.
We think this investment method is achievable based on others…[Read more]