gowide replied to the topic Renovation profit margin in the forum Value Adding 9 years, 4 months ago
pascoe, do you recommend any courses at present? I would like to chase low hanging fruit initially. I did a full reno years ago and did everything that sherie barber recommended we NOT do. Of course i found this out after i had completed the reno. And no i didnt make $ but raised the rent by about 300pw because it had an unused granny flat. What…[Read more]
gowide replied to the topic How to invest in positively geared property using infil laws in the forum Creative Investing 9 years, 6 months ago
I have been reading posts for 3 hours and this is the best post so far. I will let my buddy know about it as he already owns a house in woodridge so hopefully it meets the criteria above.
cheers
gowide replied to the topic When to do renos – tax implications in the forum Value Adding 10 years, 10 months ago
okay stuffing this up…thanks to both of you
gowide replied to the topic When to do renos – tax implications in the forum Value Adding 10 years, 10 months ago
oops credited corey and not you for your comments, i wonder if you could a second or two to look at my comments and reply please.cheers.
gowide replied to the topic When to do renos – tax implications in the forum Value Adding 10 years, 10 months ago
Thanks corey, makes sense to reno significantly, our broker has paired us with westpac and apparently is able to get a reval under 6 months…which he has done for other beinvested clients..I wonder if its because we only buy in major capital cities ( hopefully at a discount) and put in 20% deposits, stamps, and legals all upfront?
if you still…[Read more]
gowide replied to the topic When to do renos – tax implications in the forum Value Adding 10 years, 10 months ago
makes sense to reno immediately to increase equity/cashflow and access further deposits for next deal. Simple stuff that ive forgotten. Does your lender allow you to access equity within 3-6 months or do you have to wait a full year.
cheers



