Forum Replies Created
I use Bunning flatpak kitchens in my renos but i never get their benchtops. I use a local hardware store so I have the, colour/style, and the right bench lengths with no joins that I want. The price is comparable to Bunnings benches with no wastage. They will also cut the sink and cooktop holes if needed for a small charge.
Perhaps you have that kind of hardware service where you are?Having said that, I like the suggestion that Cat159 came up with – approach a cabinet maker to make you a flatpak. I might try this myself next time.
look for mining towns, mine development on the horizon etc and you will find +ve cf properties. ie buy $230ish and rent $400ish. Also, have a look at Katherine, NT. These are the only types of places where the 11 second rule might apply now as the market has changed so much since the book first came out.
For more UTD and relevant info have a read of Steve’s last book 0-260 Properties in 7 Years.
Have funI’m with Mortgage Hunter, and perhaps you have chosen an inappropriate title for you post “RE vs Shares”.
Firstly I am a RE investor via BRS or BRSS. Secondly I have long term shares (and I thoroughly recommend Invest4Profit for recommendations).
Thirdly I trade CFD’s short to medium term.
That seems to cover it and they all compliment each other.
So, fundamentals cover long term share invsting in my book, techinical covers short term investin and RE covers both short and long term depending on your strategy.
Happy Investing all round!
Cheers
DinahHi Mcubed
I take it your first property is a buy/rent? If this is the case then why not let the rent pay the mortgage and don’t pay any extra off? As for purchasing another property with your new position – I would’t think any financial institution would have a problem lending you more money from the details you have given.
All the best
Dinah[hair2]Hi there
Amanda has given me some wonderful pointers on my first reno and I have coupled this with advice from the real estate agents that I would consider good ones to sell through.
I had them (I only had a short list of 2 potential agents who I’d sell through) look through my property before I even started on it and asked them for their opinions on what I needed to do to achieve the best selling price and also extracted their estimated selling price if this work was carried out.
Both pointed out something needing attending to that I hadn’t even thought of at relatively little expense to gain a potential extra $30k sale price. Priceless!
One has even called in already to see how I am going with the reno and said I am on the right track and things are looking good…..even in this flat-ish market!
Thanks Amanda for some more words of wisdom and happy renovating Alison!Cheers
Dinahhehehe, this is a fun thread!
My Mum’s dentist is Chinese and his name is Dr Chu (Chew)!!
I actually know a Mike Hunt (but he uses his middle name!!!hehehe)
But the classic has to be an employee of my husband’s….this is a true story for those into mystery or porn….
He was introduced to me as Sherlock Holmes. I asked if that was his real name and he said yes and said he got stirred a lot. I then asked him if he had a middle name and why doesn’t he use that instead of Sherlock if he hates it so much? He said that his middle name is JOHN!! I see why he sticks to Sherlock!!!!!
Cheers
Hi there
If I couldn’t make it cash flow positive by some means then I’d sell it.
I nearly did that just recently but ended up doing some improvements and renegotiated the rent so now there’s money left over each month instead of me forking out each month. Plus I will recoup the reno outlay within 1 year.
My view is that anything that continuallly costs me money is not an investment.
Cheers
Spi means the weather is hot. I can say the weather is very hot in summer (and darn cold on winter nights) Underground is good to get away from it as long as you are not claustrophobic at all..hehe
Hi again
Forgot to add, I agree with Brahms….no invoice, no payment.
You have requested it once. Request it again politely with a timeline attached to it so you don’t get one out of the blue in 6 mths time.
Dinah
Hi Carlin
For the best answer to this question, I’d ask your accountant but I don’t believe you need an “official” tax invoice on a company letterhead, nor even an abn.
I have a fellow who does work for me, who is not abn registered, and he submits a hand written invoice with his name as the biller, description of work carried out, copies of relevant invoices supporting his out of pocket expenses and his labour charge.
My accountant has been satisfied with this to date, so see what your’s advises.
Cheers
DinahLen, Don and PK – thanks heaps for your input!
I forgot to mention a little agency not on the list provided by Jaffasoft.
Natasha (the owner) of North Bundaberg Real Estate. They have some absolute gems come up from time to time and she is 100% up front in everything she does. Her ethics are unquestionable in my experience.(I’m talking about everything she does outside of real estate also)
Cheers
Dinahfrom my travels in Bundaberg…..If you want “no bull” get onto Garry Parr at Ascot Real Estate. I have found him to be invaluable and totally receptive to my requirements, while still honouring his vendors diligently.
Also, Kerri-Anne Rae at Remax, Gary Martin at Ray White, Geoff Dixon at Century 21, Rebecca (can’t remember her surname) at L J Hooker and Jon Gaze at Harcourts.
Can’t say I have positive things to say about reps from the other agents at this stage. But the ones above have been very receptive and helpful.
Cheers
DinahUnfortunately, people like that do exist.
Have you approached your council and told the planner exactly what has transpired between you and your neighbour? I think you should. If you are up front with your council then I think that will be a good thing.Perhaps also, if the only thing that made you say no to your neighbour in the first place was that he was going to hold you up, extra costs etc… then maybe you can say yes but he needs to pay you for your extra costs until his development is approved.
If he is half reasonable he will see where you are coming from and do it.
Tricky one though and you might really need to look for the win/win for both of you, but, not all at your expense in the interim.Good luck with this one.
Dinahre Pickworth’s post
I totally agree with his suggestion! (speaking from experience)
Cheers
DinahI’ve been on the whole Forum for ages and it is still as good tho I have definitely noticed a slow down over this Xmas/NY period.
There is a ship-load of info to give and gain from the non-restricted forums so I still don’t “get” what the fuss is over.
I don’t believe there is a “them and us” thing happening.
Just forge ahead undeterred….
Cheers
Dinah
PS when I say I’ve been on the whole forum for ages, I mean mainly as a viewer and it is only recently I have been posting.Hi as41
This thread seems to have stopped before New Year and I was genuine in wanting to know more details about your opportunity.
Has there been any further development?
Cheers
DinahHi There
Just to take jimmy007’s suggested clause one step further if you ever use it…..
“subject to finance acceptable to the purchaser”…..the reason being that a few years ago I put the more vague form of the clause in a contract and to my horror the vendor and the RE agent started bombarding me with finance leads in an attempt to obtain finance for me.
What this could have meant was that I could have ended up with finance but not on acceptable terms for ME!
My solicitor very kindly advised me to be more specific and in MY favour – the more general the clause, the more the vendor and vendor’s solicitor can put pressure on in their direction.
Just thought I’d pass that on and I wish you all the best!
Cheers
DinahHi Phil
I am in a regional area but the two properties I have purchased locally in the last 2 years I have put only a $5k deposit down and there was no problem. I don’t know whether it was due to the fact that I offered quick settlement in both cases.
Cheers
DinahHi Brett
Bundaberg has been my home since Easter 1989. I own one rental property and just bought a renovation project here.
The market has come back a bit over the last 3-4 months and I would call it stagnant right at the moment.
When you ask what it is like for investment properties – well, that depends on what type of investment property you are after.
If you are after a positive cashflow rental income property then you will be hard pressed to find much in that category.
If you are looking for a buy/renovate/sell type property then there are a few on the market that have been around for awhile and have motivated vendors so, in that sense it is a good market if you pick the right place.
As for Burnett Heads…..it ,and Elliott Heads, have always been the poor cousins of Bargara tho both are up and coming and definitely cheaper than Bargara tho the “sea change” thing has prompted many vendors (or their agents) to go for a higher price than I personally think they are worth in today’s market.
There is some development going on with regard to linking the Port to Burnett Heads and there are some great spots and I believe some good opportunities but it depends somewhat on what the council decides for the area’s future. The Burnett Shire is a little on the conservative side and there is also a fair bit of internal squabbling within the council and it is hard to say what the final plans for Burnett Heads is or the timespan involved.
Jaffasoft is right about Hervey Bay but it is too far removed from Bundaberg to put them in the same category just yet.
I hope you enjoy your visit to Bundaberg and please feel free to contact me if you want when you come up.
Cheers
Dinah
