How much are they paying (or may pay) p/w? What are the over heads on this. 10 x $110 p/w? So it would basically cost you 2 1/2 mths rent to cover the insurance……. How much are you looking at seeing in your pocket a year out of this? Just curious.D

WOW! Yeah wont be looking at that option. It would eat all of your profit up. Thanks for the info. Interesting to see that if they were all on the lease it is not technically a rooming house. Wondering how that changes the equation for insurance. We only have 3 students in one of ours but it is good to know in future just in case a girlfriend…[Read more]

LOL!!!!!!!Yeah Right! I think my poor poor tenants would have a fit!!! 50 people would fill a coach haha!Here's the link, enjoy the virtual development. http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=404391324&f=10&p=10&t=ren&ty=&fmt=&header=&cc=&c=6709305&s=vic&tm=1268739528. Ugly letter boxes are gone, I REPEAT GONE! At least now with some…[Read more]

Good on you for putting it together!D

Hi,Look don't quote me on this because I am only just up to this stage with mine, but, when you do the strata titling then the conveyancer or property lawyer etc can put this in the title. This space can probably be classed as common area which would be wise if you ever need to sell all. I would call up the appropriate person now and just have a…[Read more]

Hi Christian,Count me in! Have you had a flick through the API Small Development guide? Also the other thing is how Victoria specific is it? Just curious, need a good read since I'm waiting for title subdivision! Geez shoulda organised that earlier! LOL Ahhh you live and you learn.D

Hi Nick,Call your council and ask them if the block is able to be sub divided. They will tell you if there are any overlays, minimum block sizes, height restrictions.Get an architect or google some of the development companies (such as the ones on this forum) and give them the address and get their opinion on what can go there. You may have a 1200…[Read more]

Yeah, we are offering the 1st week rent too, and are probably looking at what we can offer the tenant. We had three, rented 2 straight away and the third is just sitting there. One of our problems is that everything else for rent in the area is very old and ours is brand new, so there is a price difference of at least $50. When we first advertised…[Read more]

Hi Adam,A lot of Chinese are investing here. That would make me think that the options are better here. What have you seen that makes you want to get into that market? Just curious D

Hi,Might be worth ringing an insurance broker who may have access to more info. Might save you the phone calls to each insurance co. Also might be worth ringing a local property manager or 2 and asking them if they know of anyone, if they hand management of something similar they may know.D

Hey Terry, Wanna see me eat my hat? I have to say I have spent some money on repairs (oh shush!) I am using this property as a speculative property to see if I can still make a good capital gain. I will wait probably about 18 mths –  2 yrs and then flog it off after the free way is built. The freeway is about halfway there at the moment so we…[Read more]

Ryan you need to take a breath LOL! If someone wants to come on the forum and say "Hey I need a get rich quick scheme! Whaddya got?" Then they kinda deserve one word answer. There are plenty of ways to invest in property and make a buck but that is what doing your own homework and research is all about not someone holding your hand while you do…[Read more]

Very sad. But it sounds that the owner did have either prior knowledge of the fact that there was a hazard. " Mr Dick was evasively defensive in answering the questions of the investigating police and the investigating Workcover inspectors" "I found Mr Dick’s references to Mr Harley not being authorised by him to remove the redundant hot water s…[Read more]

Hi Deb,Come on the PI train! Plenty of money about this year! I would say to read Michael Yarndey's books too (ignore his spruiking he has got some good info), Lomas is good (be choosy some of the books are basically the same) If you have a cash to flash get the Elite investor pack (inc dvds and written info) I did and so far it is very good plus…[Read more]

Sounds good! The wording makes it sound nice and big. Fingers crossed for you! D

I know with ours each time they have modified the ad it has been updated the next day. It might be back on first thing in the morning.D

Anyone wanna rent mine? LOL!!!!! Nah kidding I think we are done! Please ignore hideously fugly letter boxes the builder put in they are now nice concrete ones (phew).http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=404391324&f=10&p=10&t=ren&ty=&fmt=&header=&cc=&c=64734430&s=vic&tm=1268201661D

Maybe it'll be up tomorrow with cheaper rent? D

In some areas the council will allow 10-15, 1 and 2 bed apts with underground car parking. The block can look like a string of townhouses joined together from the outside but will contain apts. it is a matter of asking the council where you are and finding out if they are interested in blocks like that being built. The only problem if the planning…[Read more]

Personally I would go with a rent drop. We had one of ours on the market for the last couple of weeks at what we thought was reasonable market rent. We have decided to drop it as the limited amount of people through and even more limited applications. We have 3 TH's on a block and the two others rented leaving one vacant. Our PM was pretty…[Read more]