Total Members: 158,149

David Thiu

  • David Thiu replied to the topic What To Do With Excess Land? in the forum Value Adding 6 years, 4 months ago

    Hello Gary,

    Good thinking.

    This is exactly what’s happened to a neighbouring area.

    Click here to see…

    I brought these plans to council and they confirmed this could be achieved.

    They mentioned that trees that had circumference greater than 2 metres needed council approval but apart from that everything seemed good.

    So purchase price for…[Read more]

  • David Thiu replied to the topic Good real estate agents in Adelaide? in the forum Help Needed! 6 years, 4 months ago

    Hi Sarah,

    What type of real estate agent are you looking for and in which area?

    You’ve got Sales Agent that specialise in certain areas that can get the biggest bang for when it comes to selling your property

    You’ve got Rental Agents that can manage your property to maximise the yield, reduce vacancy rates and ensure you have the right…[Read more]

  • David Thiu replied to the topic Strata Titling Opportunity in the forum Finance 6 years, 4 months ago

    Another interesting find in the area:

    Click here to see

    New property being sold for $300k (thats probably the fifth I’ve seen so far)

    Maybe there is a market for new houses in this area (5th one I’ve seen sold for that price range so far)

  • David Thiu replied to the topic Strata Titling Opportunity in the forum Finance 6 years, 4 months ago

    Just found a duplex thats recently been sold for peanuts…

    Click here to see

    If we can rent it out for $190/week rent without further works, thats 17.8% Yield

    I wonder who the buyer was…

  • David Thiu replied to the topic Strata Titling Opportunity in the forum Finance 6 years, 4 months ago

    Hi Ethan,

    That’s no problems at all.

    The duplex was in Elizabeth South SA, and the area seemed pretty rough when I visited.

    Rubbish and mattresses lying in the front yard of some houses, road signs being pulled from the ground, and the duplex had been broken into the week before with a squatter found inside.

    Based on the photos posted online…[Read more]

  • David Thiu replied to the topic Strata Titling Opportunity in the forum Finance 6 years, 4 months ago

    Hi Ethan,

    That’s no problems at all.

    The duplex was in Elizabeth Downs SA, and the area seemed pretty rough when I visited.

    Rubbish and mattresses lying in the front yard of some houses, road signs being pulled from the ground, and the duplex had been broken into the week before with a squatter found inside.

    Based on the photos posted online…[Read more]

  • David Thiu started the topic Is it worth demolishing and building two houses? in the forum Value Adding 6 years, 4 months ago

    Hey guys,

    Just doing a bit of research on the Salisbury North area and stumbled onto this property.

    Click here to see

    From a numbers perspective, does demolishing the house and building two new ones stack up?

    It seems this is what has been done for the house behind that, and I saw one property with frontage of 8m in the area.

    Whats the price…[Read more]

  • David Thiu started the topic What there dotted lines? in the forum General Property 6 years, 4 months ago

    Hey guys,

    Just wondering what the dotted lines represent.

    Click here to see

    There’s one thats blue, and one that’s black.

    Tried to look on Google maps and couldn’t see any power lines or anything…

  • David Thiu replied to the topic Elizabeth SA Hidden Gem in the forum General Property 6 years, 4 months ago

    Here’s some photos if you are interested

    Click here to view

  • David Thiu started the topic Growth Suburbs in Northern SA in the forum General Property 6 years, 4 months ago

    Hey guys,

    I’m looking into area suburbs in Northern SA that are cashflow neutral/positive with potential for growth and wanted to know about what you guys thought about the following highlighted areas:

    Click here to see map

    So far I’ve attended about 10 open inspections on Saturday and these areas seem a heck of a lot better than Elizabeth…[Read more]

  • David Thiu started the topic Elizabeth SA Hidden Gem in the forum General Property 6 years, 4 months ago

    Hey guys,

    Just thought I’d update you on that Duplex I was looking at in Elizabeth area.

    Basically I thought the numbers seemed really good. $255,000 for potential rent of $400 per week, which pretty much would cover the mortgage repayments.

    I also thought there was a lot of potential considering the block was over 1200 sqm and a developer…[Read more]

  • David Thiu replied to the topic Capital Gains tax on PPOR in the forum Legal & Accounting 6 years, 4 months ago

    I was under the impression that you needed to live there at least 6 months continuously and had to have proof of being a resident e.g. Bills, and that if you rented part of the house you could only claim a partial CTG exemption.

    Maybe main residence is different, but my guess is that if you do this multiple times, within a short time frame, the…[Read more]

  • David Thiu replied to the topic How To Make Offer on Property? in the forum Legal & Accounting 6 years, 4 months ago

    @Terryw: I’m not ready to make an offer yet… Was just gathering information on how to proceed with the execution. I’ll probably have to contact the agent to find out more information about what the vendor’s needs are and tailor an offer to suit them. All I have is the form behind the property brochure, but it only gives you one option for offer.…[Read more]

  • David Thiu replied to the topic How To Make Offer on Property? in the forum Legal & Accounting 6 years, 4 months ago

    P.S. If you are wondering about the ‘inclusive of costs’ part I read it from the Siacci System:

    “The $210,000 was actually inclusive of costs, that is, it included stamp duty and legal expenses.

    The law simply states that when a title transfer from one person to another that stamp duty must be paid on that transfer. What the legislation does not…[Read more]

  • David Thiu started the topic How To Make Offer on Property? in the forum Legal & Accounting 6 years, 4 months ago

    Hey guys,

    Just wondering how I would go about with making two different offers to the Vendor.

    1) $219,000 Cash, 30 day settlement
    2) $239,000 Inclusive (of Stamp Duty and Legal Costs), Early Access to property for Improvements, 60 day settlement

    Where can I find a template letter?

    Cheers,

    David

  • David Thiu replied to the topic Recommended Mortgage Broker in the forum Finance 6 years, 4 months ago

    Thanks Terryw.

    Can I book a session with you or is there still a big waiting list?

  • David Thiu replied to the topic Strata Titling Opportunity in the forum Finance 6 years, 4 months ago

    Hi Ethan,

    Yes, I think $720k is an offer that the Vendor would take into consideration, as he would like to move on and focus on his hospitality business where his returns would be far greater.

    The units are separated by brick veneer, and a local builder is confident that the floor is concrete – however the only way to be 100% is to pay the…[Read more]

  • David Thiu started the topic Recommended Mortgage Broker in the forum Finance 6 years, 4 months ago

    Hi there,

    I am looking for a very savvy mortgage broker that can help maximise my borrowing ability, provide advise on the most tax efficient structure, assist in finding loan for SMSF, and even assist with deals where Vendor provides +20% Financing.

    Are there any mortgage brokers you would recommend?

    What are your thoughts on the…[Read more]

  • David Thiu replied to the topic Thoughts on Elizabeth SA? in the forum Help Needed! 6 years, 4 months ago

    Hi Tony,

    Thanks that would be great. I think a really good property manager would be essential in that area.

    I was initially looking at Duplexes around the Elizabeth returning 9% yields, but it looks like there are plenty of other opportunities out there.

    I’ve been astounded by how some properties have been sold for 71-82% of original listing…[Read more]

  • David Thiu replied to the topic 70% Below Market Value? in the forum General Property 6 years, 4 months ago

    Here’s another strange transaction

    Kulbina Dr

    Anyone have any clue what’s going on?

  • Load More

David Thiu

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