the property manager I am with recently conducted some research and discovered tenants were more interested in polished floor boards rather than carpet. At issue — the carpet is harder to keep clean.
On the other hand, floor boards can be slippery (on socks) and could cause an accident. So insurance needs to be kept up to date.[blink]
Hi Phil and Kate,
log onto the somersoft web site. Do a search on trusts. I guarantee you will find a heap of information — rather mind boggling at times. [blink] But better to have an idea of the questions you need to ask, than go into a transaction blindly.[blush2]
just a couple of thoughts re your post.
How large is the apartment you are interested in. Two bedroom/2 bathroom should well and truly exceed 75 square metres — otherwise, you are buying a rabbit warren and not an apartment. I think student accomodation has some problems — what happens during the long summer break. Can you let…[Read more]
dun think u can get 20 square one bedroom for under 200k, so must be square metre.
It was not my intention to suggest a one bedroom apartment would be 20 squares. I was just querying whether Xquis8 had been given the figures in square metres or metres.[blink]
Looking at the initial post again — $192K for 20 square metres…[Read more]
Hi Mortgage Broker,
you posted the following:
The downside to X-Coll, apart from accessing equity and refinancing issues to name a few, is the risk of loosing both properties in the advent of foreclosure, there are certain situations where X-Coll cannot be avoided, but in most cases it can and should be.
If you buy a property and the bank…[Read more]
20 square metres seems very small — one room at best. I doubt if this is a livable space[blink]. Have you got the measurements right??[ohno]
$300 per week for 20 square metres — the figures don’t add up right.
Maybe you were given the dimensions in squares (different from square metres).
Go back to square one (no pun intended[biggrin])…[Read more]
I think you need to gain some experience in property before starting to pursue development.
Have you purchased any investment property — if you haven’t then perhaps that’s where to start. Or you could consider starting with renovations. That would give you an idea of the type of problems you might encounter (eg coordinating…[Read more]
I would like to respond to a couple of questions you raised.
How do I ask a real estate agent about the sales, rental rates and type of developments in the area without being too ‘nosy’ or pushy? Is there a right way of asking for information or? What do you do – how you ask for information?[/quote]
Once you have selected an…[Read more]
just adding my thanks to the previous posts. PI is great[biggrin].
So many people contribute and in turn receive advice. I am sure that everyone who logs on gets enormous benefit.
So THANKS STEVE
welcome to the forum. You have made the right first step.
In terms of a mentor, there have been numerous requests over the months for someone to perform this role. I don’t know if anyone has been successful in securing the services of a mentor.
But my point is this — there is so much knowledge on this forum — it doesn’t really…[Read more]
I am a recent convert to Somersoft.
In my opinion both forums provide excellent advice and support.
I think Somersoft is more attuned to the experienced investor — the depth of knowledge on this forum is awesome. I am truly amazed at the quality of advice meted out by members.
when I get the chance to go away, all I want is a beach, the softest sand you can imagine, water gently lapping the shore, drinks service so that I don’t have to leave my beach chair and some really great books. Oh yes …. destination wise — I really love the Whitsundays.[sunny][sunny][sunny][sunny]
That’s the life[biggrin]
Hi Ali G,
The point has been made in an earlier post that you should confine discussion of your investment plans to likeminded individuals. Those who haven’t invested (or don’t have the courage) will be the first to put a downer on your plans.[angry2]
All I can say is GO FOR IT.[biggrin] Be your own person and do what is right for you.
thank you for your informative response. [blush2] Certainly an eye opener for me. My main problem is that I am looking to purchase interstate and therefore had hoped the major web sites would be comprehensive. Oh well, back to the drawing board.[confused2]
could you elaborate on one of the points you made:
I was amazed at the concepts businesses come up with to flog real estate!
Could you outline some of the concepts that amazed you???[blink][blink]
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