[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

April 14, 2015 - 7:30 pm

Hi Richard,
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 mortar.

Would it be able to be packaged up?

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

March 10, 2014 - 7:13 am

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.

0411439437

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

November 12, 2013 - 1:15 am

Hi Guys. Property is in QLD. I can see its likely ill be required to pay both again. I think its BS and money grabbing as its only removal of a name. But thats life I guess.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

November 11, 2013 - 12:24 am

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_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

September 8, 2013 - 9:15 am

Noooooo don't do it.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

September 8, 2013 - 9:14 am

Jeanie from Elders Reality is very good.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

August 25, 2013 - 7:27 am

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, Ashley North.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

August 11, 2013 - 8:34 am

Maybe the roof collapsing due to degradation or the possibility of it coming off in a storm is also a health and safety risk.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

August 9, 2013 - 10:15 am

Gday Mate I have DA for a lot reconfig in toowoomba. They are alot cheaper.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

August 7, 2013 - 9:34 am

Anyone ?

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

July 23, 2013 - 8:46 am

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 perfect crime lol

I would hate for my previous tenants to enter the house trash it and have it repaired to new  ha ha.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

July 7, 2013 - 3:51 am

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 properties with the 500K I inherited"

Grain of salt.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

June 13, 2013 - 2:58 am

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 average.

Houses are generally in poor growth estate suburbs.

Hard to sell with a long lease.

Unable to renovate, repaint if you even if you wanted too.

Houses must have certain features ie amount of washing line, pergola sqm, etc etc.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

June 10, 2013 - 3:11 am

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.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

June 10, 2013 - 2:11 am

What price range? I think pending your budget there are much better areas around.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

June 8, 2013 - 12:19 am

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 cover up to a total of 14 weeks. So to make up for the 4 weeks of bond used, im never in a rush to get someone in and always go close to the mark of 14 weeks. 

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

May 26, 2013 - 1:25 am

Try the Eastern suburbs of Toowoomba, much better value than Ipswich.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

March 16, 2013 - 12:50 am

There is a window, and it is legal height, its not an addition etc.

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

March 15, 2013 - 10:38 pm

Anyone?

[fredo_4305Participant@fredo_4305Join Date: 2009Post Count: 336]

February 21, 2013 - 9:05 am

Ipswich are very stringent on subdivisions and very expensive for the location. Knowing Ipswich very very well it would be unlikely to make any money off the deal if you were to sell the rear property. Im not sure if they would approve it with the eaves distance from the boundary. They may consider "what may happen in the future" ie future owners may want to subdivide or strata but can't. Im not sure how they would also look at the size of the block and number of dwellings along with how they would calculate the acutal building block as the hatchet needs to be taken away m2 wise most of the time.  ie if your total block on a normal subdiv is 550m with the driveway being 50m2 the building area is 500m2. 

Im guessing from your description your prob in the Eastern or Northern Suburbs of Ipswich. Im not sure if there would even be cash flow in it. It would have to cost you high 100s or low 200s to build something decent, what would it rent for close to 300s? It also has to take some value away from the front house.