Total Members: 158,626

Dr.Spock

  • Dr.Spock replied to the topic Reno starting point in the forum Help Needed! 13 years, 4 months ago

    Hi Sonia,

    Thanks for your reply.

    I am planning a quick reno and flip, with no major structural needs. But need to leave open the fact that it is a flat market at the moment so I may have to rent out for a while until the market picks up.

    regards

  • Dr.Spock replied to the topic Reno starting point in the forum Help Needed! 13 years, 4 months ago

    Thanks Duckster

    regards

  • Dr.Spock replied to the topic Reno starting point in the forum Hi Jacqui,
    Thanks for the
    13 years, 4 months ago

    Hi Jacqui,

    Thanks for the order. It will help alot

    regards

  • Hi Mike

    Thanks for the report. Wealth of information

    regards

  • Dr.Spock replied to the topic Reno starting point in the forum Help Needed! 13 years, 4 months ago

    Thanks Catalyst,

    At least I know were to start now.

    regards

  • Dr.Spock replied to the topic Reno starting point in the forum Help Needed! 13 years, 4 months ago

    Hi Jamie M

    thanks for your reply, at least it gives me an idea.

    regards

  • Dr.Spock replied to the topic locating information on population size of victorian towns in the forum Help Needed! 14 years, 2 months ago

    Hi everyone,

    Can people tell me how important they believe the percentage of renters in an area looking to purchase is important when doing due diligence. eg if you were going to reno and sell does it matter so much the amount of people that are going to rent compared to if you were going to reno and hold?

    thanks

  • Dr.Spock replied to the topic Debt reduction v Deposit saving. in the forum Help Needed! 14 years, 4 months ago

    Hi Todd,

    I was in a similar situation as your-self a few years ago, and now I am debt free, and we are saving now for a deposit for our first investment property. Below is my situation I have copied and past for you. I did it the other way around and started with the biggest loan first, I didn’t care about the interest rate side of things, but…[Read more]

  • Dr.Spock replied to the topic bad debt in the forum Help Needed! 14 years, 9 months ago

    thanks for your comments everyone

    regards

  • Dr.Spock replied to the topic debt in the forum Help Needed! 14 years, 9 months ago

    j900 wrote:
    Congrats! Congrats! Congrats! This must not have been easy!

    No it hasn’t been easy, but we have stuck to it and if I can do it anyone can.

    One more debt than try and get into property,

    Is there anyone out there that has had bad debt like myself but got finance once they have cleared there debt????

    take care

  • Dr.Spock replied to the topic sub letting in the forum Help Needed! 14 years, 11 months ago

    Hi Obie, thanks for your comments,

    I will look into the residential act in Victoria, What I am trying to achieve is like the university’s with there student accommodation. Ideally I would

    like it if the university’s where I am thinking to sub-letting, would say to the student (we are full however Dr.Spock we can highly

    recommended). Through…[Read more]

  • Dr.Spock replied to the topic sub letting in the forum Help Needed! 14 years, 11 months ago

    Terryw

    yes I know its a risk but I can either sit here and do nothing or get of my ??? and start doing something to try and get ahead in life.

    What did the people you know do? did they rent out there house to students? how did they find it? did it work ok?

    regards

  • Dr.Spock replied to the topic sub letting in the forum Help Needed! 14 years, 11 months ago

    god_of_money

    Did you sub-let to get other students to help pay for your rent or did you own a property and let it out?

  • Dr.Spock replied to the topic sub letting in the forum Help Needed! 14 years, 11 months ago

    Hi thanks for your comments,

    Yes I realize a big risk if they do damage, however every sub-tenant will be putting a bond (4 weeks rent ) before they even go into the property.

    Here is my plan:

    Each sub- tenant will be putting 4 weeks rent as a bond ( which will be returned to them after vacating if no damage has occurred)

    Each subby will be…[Read more]

  • Dr.Spock replied to the topic sub letting in the forum Help Needed! 14 years, 11 months ago

    Thanks Scott No Mates

    Do you mean they put there name in the area that says reference or description?

  • Dr.Spock replied to the topic sub letting in the forum Help Needed! 14 years, 11 months ago

    Come on

    someone must have advise??

  • Dr.Spock replied to the topic Are people still investing in such hard times in the forum Help Needed! 15 years, 8 months ago

    Me and Hubby,Just paying off debt at the moment,Would love to invest right now however we know we would not get finance.I do get so frustrated because I can see some very good investments on the market now.But I suppose our day will come, there will always be opportunity in any market (RIGHT)regards

  • Dr.Spock replied to the topic My first reno in the forum Value Adding 15 years, 8 months ago

    Good Luck MelanieKeep us posted, and well done for not following the herd and doing something differentregards

  • Dr.Spock replied to the topic finance in the forum Help Needed! 15 years, 9 months ago

    Hi All,Duckster I read the mezz finance information that you suggested, but don't you have to be a company, with a very good business plan to obtain this kind of finance, or am I missing something? It would have to be a very good investment to be able to repay the debt my understanding is it is upto 30% repayments.Can someone explain how mezz…[Read more]

  • Dr.Spock replied to the topic finance in the forum Help Needed! 15 years, 9 months ago

    thanks for your comments,

  • Load More

Dr.Spock

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