IB replied to the topic Property Inspection in the forum No Subject 21 years, 3 months ago
Even though I am an Architect,
I get a property inspection company
and a pest inspection company to inspect
all my properties. Another person can sometimes be more objective.New finishes can cover a multitude of faults on
new or old properties.Many new properties do seem built only to last for
their guarantee period (7-10 years).IB replied to the topic Making money from renovations? in the forum No Subject 21 years, 3 months ago
I agree with Rosco.
I have done 3 renovations to sell now, and have done well, but so has anyone in inner Melbourne,
without all the hard work.I know 1/2 a dozen people who have done badly, or say they have made say $20,000 in a period when capital growth on the property would have been
say $40,000 ie, they have lost $20KMy suggestions for…[Read more]
IB replied to the topic Which price range of property to wrap in the forum The Treasure Chest 21 years, 3 months ago
Belladonna,
My thinking is that positive geared property is very uncommon, and not without risks. I think our rental yields are just too low in general.
Say something needs fixed – such as replacing a roof for $5,000, that would wipe out a whole years rent on a little cheapie.
Hence the attraction of wraps.
I am aimint to wraps for cashflow,…[Read more]
IB replied to the topic Top Ten Country Towns for Investing in the forum The Treasure Chest 21 years, 3 months ago
Steve,
Just wondering what property price range you are wrapping in Nambour?
We have had 30% capital growth in 6 months on our properties in Logan, but it seems they are similar
in price or cheaper than Nambour.Would you suggest considering wraps there.
Regards,
IBIB replied to the topic $ REQUIRED TO GET STARTED in the forum No Subject 21 years, 3 months ago
Thanks Steve and Bruce.
Great advice. As an Architect, I already have
all the property we own in a trust, with my wife and I as trustees. Had thought of doing the company trustee thing later.Am I right in thinking that with $900,000 worth of property, with $560,000 worth of debt, our LVR
is looking reasonable?Thanks again for the advice.