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.
Dr.Spock replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties – Investment or Owner Occupied in the forum Hi Mike
Thanks for the 10 years, 10 months ago
Thanks for the report. Wealth of information
Dr.Spock replied to the topic locating information on population size of victorian towns in the forum Help Needed! 11 years, 8 months ago
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?
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]
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????
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]
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?
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]
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
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]
- Load More