Forum Replies Created
Ouyen is often the hottest place in Victoria. It’s always on the weather as the top today was 38 degrees at Ouyen.
Houses priced at 50-80k are priced at this much for a reason. If you decide to go head make sure you know what you’re doing. Investing in small rural towns like these require their own set of skills and due-diligences.Good Luck…G7
Mocking my 17 year old friend early in 2001 for buying a block of land in Brisbane for $31 000 for his ‘future’.
What a waste of money, you should be spending that on a good time, not settling down like grandma and grandpa I said.
I wonder what that land would be worth now and kick myself because at that time I could have afforded to buy a lot more than just 1 at that price. [grrr]
Positive Real Estate has an ad on page 57 of the current API magazine. The seminar you’re talking about is probably to get all the attendees warmed up to buying one of their ‘positively geared properties’ that they source for investors.
If I was you I’d put that $500 to better uses, but if you do go, dont get talked into anything you dont want to do.
You could wrap the property to the current tenant and use the excess cashflow to invest further.
Someone on the forum was saying just sell the land, don’t bother building the other day, because he’s in the same position.
It’s really upto you and would definately require more research so you know the best path to take. You could always sell 2 and have a go at developing the others, or if you dont need to sell you could sit on them for a while. Imagine what they might be worth next time we have a boom?
My parents turned a living room in their house into a third bedroom. My Dad put up the frame and a plasterer did the rest. All up including materials it cost about $500 from memory. It definately increased the appeal of the house when it came to selling it.
This is a really easy and simple way of changing the whole dynamics of a house, yet it is so often overlooked.
In regards to doing it in an apartment, it would be just the same as a house. But you could run ino problems with a body corporate or something. Before commencing any work, make sure it’s OK to go ahead before you’re legally required to pull it down again!
Sometimes it’s the simple things that have the most impact, so good luck with your project, you’re definately looking in the right ‘creative’ direction, especially in this market!
You could really leverage that money and get off to a flying start, but just because you have it doesn’t mean you should invest it. Dont let it burn a hole in your pockets.
Deciding on what outcomes you want from your investments will help you to determine exactly which direction to take. So just be patient, do your research and dont rush in!
Good Luck…G7
Your first port of call would be to the local council to see if your land is sub-dividable.
If it is, then you can start the process and sub-divide, but you cant really do anything until you know whether you can or not.In my opinion I think that Mermaid Beach would be a really good area to invest in for the long term. However, I truley believe that if you waited a little while longer to buy you’d pick up a better deal that what’s probably on offer now.
If you’ve got a long term outlook, why jump in now?
As long as you and the vendor agree, you could make the settlement period 4 days or 4 months.
It’s totally upto both of you.Hi Liz,
Try this for NY state tax;
Or try from some of these;
http://www.google.com.au/search?hl=en&ie=ISO-8859-1&q=new+york+state+taxes&btnG=Google+Search&meta=
I know your enthusiastic but it doesn’t take too much to find these types of things out. If in doubt ‘google’ it! [biggrin]
Well after 5 seasons of mostly uneventful housemates, it finally looks like the Big Brother house has been consumated.[inlove]
http://entertainment.news.com.au/story/0,10221,15596843-10229,00.html
Fun and games…G7
The thrill of the chase (finding a good deal) is motivation for plenty of people.
With due diligence you dont have to sift through tonnes of it, you usually find a property then start this process. Or you select an area or type of investment that you’re interested in and then start your due diligence.
But like The Mortgage Adviser said if you dont enjoy the process of RE investing and hunting down deals you’re more than likely investing in the wrong area. I’ve heard there are 2 types of people, those who love RE and those who hate it.
You would be doing yourself a favour, I believe, by looking at other forms of investment and then making some decisions about your preferred direction.
Hope this helps…G7
Yes, the API is a good source (each issue has up to date stats). The clearance rates for each capital city is listed on page 75 of the current addition.
I’m not sure about stats for each suburb though, these figures might not have much depth and not be that good for what you want.A website that I use for US properties is http://www.realtor.com It seems pretty good, but you need to have a fair idea of the area that you’re interested in.
Just thought that I’d tack that on.[cap]
This is entirely up to you and the vendor. Typically it’s usually 30, 60, or 90 days.
It can be whatever length of time that you both agree on.If you will need a structure to invest from, I’ve heard of people setting up LLC companies in Las Vegas. They set them up in this state because they have no state taxes as per my current understanding.
There are people on this forum who know investing in the US quite well so I’m sure you wont have too much trouble finding out what you need to know.
Apparently now there’s an even easier way, check this out;
https://www.propertyinvesting.com/forum/topic/17966.html
Or check out this post on the same page that this is on.
He should come out here and have a look at what’s going on. From the reports I’ve read the US has still a way to go to get to where we are.
With so many reports of what is and what isn’t going to happen, I’m inclined to just chuck them on the pile. Even if it is from the Chairman of the Federal Reserve!
Not sure of any specific companies, but there are a lot of these types of properties in the trading post. See at;
Or you could try and do a search at http://www.google.com.au
