Nothing wrong with having a balanced portfolio. Do you think SM has never opted for something that will grow at the same time as being good cash flow? I personally have no problems making equity/profit to fund more properties.D

Old chestnut, growth or cash flow. I do like Croydon but the FHB have ravaged the prices. And yes like many places it used to be full of druggies and obnoxious high school students. Bring on Geelong (not sure yet which surrounding suburbs) You can still get houses for under $250k with an hr commute to Melb which isn't far off the commute from…[Read more]

Lol! We suspect that my son actually creates his own sand. We used Gravity Demolition. They are in eastern Suburbs but they are cheap and quick. They came in the cheapest out of the 6 odd quotes we got (nobody calls you back then they all do!) The quotes we got ranged from around 10k up to 15k. Ours was a double story wood and mud brick owner…[Read more]

Carpet! Head down to carpet choice or whatever and ask to see the builders range. 14-16 bucks per meter. Done and dusted. There is cheaper but don't go too cheap (no carpet squares!)D

I found some under 250k that, granted, were Western suburb Syd, but it is all about doing your research and finding real deals not just opting for things that look easy. How often does the hotel need repairs or refurbishment? Do you need to pay for those? How often is that particular room let? What is the occupancy rate of the hotel? When you have…[Read more]

What is the property like? Are we talking better than average sort of area? Are the renters more of a corporate mob? If not maybe go with laminate flooring with a timber veneer. It'll wear a bit better, wont cost as much. i would only put floorboards in if there was going to be a return on it eg better rent or if people in that area expected it. I…[Read more]

Still all tiny studios that will require larger deposits upfront. Don't love it. What is wrong with a 2 bedder further out for the same price?do cosmetic reno then get a depreciation schedule done. D

Hey all,I'm with running away with all of the others on this. I forund one in Wellington (near Orange miles from anything for uner 100k but the rent is $110 p week needs some work probably rent for more then. Hey Sonya had much luck in Vic? My one is ok but haven't found any since then. Where have you bought in NSW, Hunter Valley? Good luck Alex…[Read more]

hi E Hammond,Have you called a few builders just to ask about pricing? A few big builders (Metricon) are very approachable to get inital prices from and then you can call a few small builders from to get a clearer picture. From what I read too it seems like you build two properties. Have you seen and studied the plans to make sure of what you are…[Read more]

You will make a happy marriage knowing your place my friend LOL! Wait till you have kids, you will be number 2, 3, et hehe!D

Hehe! Maybe so every can gauge the nerves part….lol! My parents practically shoved me down the asle! "He'll take her? Done!" Grandchildren!!! Hooray!!  lol. I'm pretty sure that's why both my brothers came, so I didn't do a runner hahaha! Hey, I'm kidding!D

4ish years…. It was on it's way when we were living over there for work. We did buy and double our money, but double is not triple lol!D

Yeah, I am going down to Geelong to see what is down there. I drove back through it on the way back from a week in Lorne and I was amazed at how big greater Geelong is and how many big shops, rail yard and industry. I'm going tomorrow (my dad wants to look at a car 2 birds 1 stone!) benno it would be great if you could just draw me a really broad…[Read more]

$450? Yeah Mitcham is in the 600's even Croydon is on at mid 500's. Montrose has an ok road out but no rail. Kilsyth was on my list but there just isn't that much around there to draw in huge amounts of renters or buyers. And once again no rail. It will always be ok as an area but not special. (I may eat my hat later) Ringwood East is good with…[Read more]

Yeah Shoalhaven still has a bit of cheap property getting around. What do you guys think about Tamworth? D

Well FWord, now I know who I am fighting it out with in Croydon, Mooroolbark and Lilydale. (As well as all the FHB who will pay ANY price)I also like Mitcham an Nunawading. I like Carrum and Wantirna South as well. I like Geelong too but I haven't started looking properly yet.Sorry I forgot the WA ones East Vic Park and Belmont. They had a huge…[Read more]

Has Mt Eliza had its day? Or is it blue chip for that region? Will it always grow at a set percentage each year?  How is Frankston South for cash flow? I think I need to buy a crystal ball, some residex reports and some henchmen for my evil property empire You've picked 2 'nice suburbs'. Hows your numbers? Probably should start a new…[Read more]

Ringwood, Geelong and Knox, Frankston. Mini-Melbs! All roads lead to the biggest shops and the most new housing estates. Ringwood will have to wait out another year or two to give the locals time to get used the the Eastlink end looking like it falls into a void. Then it will be back on its way.D

I don't understand why so many big business HAVE to have offices in the center of major cities. Maybe they like big towers. Most employees have to commute in to these areas packing them full of people and full or cars. It must also waste so much time. They could get people to start an hour earlier rather than sitting in their cars! Hey Sonya…[Read more]

LOL!Uhh Ryan …..Shhh I think we're on to you! D