fredo_4305 replied to the topic Subdivision Finance – Council Advice – East Toowoomba Property in the forum Finance 5 years, 9 months ago
I am wanting to do it as a resi deal, however I couldn’t care which way the money is lent. I was wanting to package it all up in the construction costs, the way I look at it is that mum and dad building a home don’t pay up front the drive way, fencing, water, sewage etc etc and borrow the remainder for the bricks and…[Read more]
fredo_4305 started the topic Subdivision Finance – Council Advice – East Toowoomba Property in the forum Finance 5 years, 9 months ago
I currently have a property which has development approval for subdivision. The property is located in East Toowoomba. The problem I am facing with council is that the proposed block cannot be issued a separate title until all the subdivision works are complete. This creates a problem as the bank won’t lend for a complete build or…[Read more]
fredo_4305 started the topic Terri Scheer Insurance – Most other answers on here very wishy washy in the forum General Property 6 years, 8 months ago
Hello fellow investors,
This is my first post for some time. I was wanting to know an open shut answer to Terri Scheer Insurance. Im after land lord only as I have a fantastic Building Insurer, who unfortunately doesn’t do landlord. My agent has suggested AON.
Beau-Lea Miller from Beautique Reality, knows the area well. She manages a few of mine. You can not beat her for quality. She also has her own investment properties so understands the needs and requirements of an investor.
I pay the loan myself anyhow. My partners name was there just for the sake of it. Stupid in hindsight.
My partner and I are separating, so only half of it would technically be changing names.
fredo_4305 replied to the topic Should we rent out our newly built Toowoomba IP to DHA? in the forum General Property 7 years, 4 months ago
Noooooo don't do it.
fredo_4305 replied to the topic Can anyone recommend a good property manager in Toowoomba? in the forum General Property 7 years, 4 months ago
Jeanie from Elders Reality is very good.
Any area close to the CBD. East Toowoomba is the prime suburb in the area which has properties you are after. North and South Toowoomba and to a latter extent Newtown, aren't to bad. There are also quite a few properties, that are on two titles and cost to subdivide than properties on one title. I use an Agent in Toowoomba from Elders Real Estate,…[Read more]
fredo_4305 replied to the topic Property Managers and landlords – do you change locks? in the forum General Property 7 years, 5 months ago
It would still be classed as unauthorized accessed. Police report would reflect as such if damage were done. Keys could have been taken from current tenant cut and return, keys could have been taken from RE agent's premise. All very hard to prove it was previous tenants their prints would be all over the property regardless. Geez almost like the…[Read more]
Minmise the rubbish you read on this forum. Remember alot of lies are told on the forum and same as Property Magazines.
The magazines are sold to make money!! I love stories where someone has inherited a heap of money and there is only a small token sentence 34 of the way through the article.
You never see an article titled: "How I bought 3…[Read more]
They have an extremely high management fee around 17% although I think they pay for repairs. However they only touch new houses so how many repairs could there be.
Maintenance wise the don't fix everything like they should as it is out of their pocket not yours. They try to minimize there costs.
Rent is never top dollar just the area…[Read more]
Nigel Kibel on this forum is a Brisbane expert. I think with that sort of money you could get a property in a better area than those that you have mentioned. You could possibly get a unit closer to Bris for that price. Toowoomba and Ipswich are also worth a look at.
Put it through your land lord insurance. My insurance company covers loss or rent until such time the property is re-leased. Property must be under a fixed lease. They also use the bond towards the first 4 weeks loss of rent which can leave a hole in your pocket if there is a bit of damage. As long as the property is advertised once vacated, they…[Read more]
fredo_4305 replied to the topic Best place for renovation/hold or renovation/sell in Toowoomba? in the forum Help Needed! 7 years, 7 months ago
Try the Eastern suburbs of Toowoomba, much better value than Ipswich.
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