+1 for paint / pets / grouting / cleaning / gardening.

Also if the window-coverings are getting a bit shabby, changing those can really improve a room also. If the room is dark, go for light-coloured window coverings such as white 50mm PVC venetians (Bunnings/Spotlight). Otherwise eyelet curtains. Also look at light globes and light-fittings.…[Read more]

+1 for paint / pets / grouting / cleaning / gardening.

Also if the window-coverings are getting a bit shabby, changing those can really improve a room also. If the room is dark, go for light-coloured window coverings such as white 50mm PVC venetians (Bunnings/Spotlight). Otherwise eyelet curtains. Also look at light globes and light-fittings.…[Read more]

+1 for paint / pets / grouting / cleaning / gardening.

Also if the window-coverings are getting a bit shabby, changing those can really improve a room also. If the room is dark, go for light-coloured window coverings such as white 50mm PVC venetians (Bunnings/Spotlight). Otherwise eyelet curtains. Also look at light globes and light-fittings.…[Read more]

Hi HealthIsWealth

Perhaps consider submitting two different offers at once. It often leads to the vendor forgetting that they can decline both, and rather feel as though they must choose between the two.

The two offers could differ on price, settlement duration, deposit size, terms, early access for works etc.

Further to this;

If they are on fixed-term leases, you can’t evict them till the lease ends anyway (unless you intend to move in yourself, but you’d be hard pressed to say you and your family needed to live in all four of the units).

If any of them are on periodical leases or near the end of their lease you may be able to get a condition of sale…[Read more]

Further to this;

If they are on fixed-term leases, you can’t evict them till the lease ends anyway.

If any of them are on periodical leases or near the end of their lease you may be able to get a condition of sale that the seller is to issue that particular tenant with a rental increase notice. At least that way by the time you take over…[Read more]

Hi Jobie

I can’t say I think vacant possession on all four is a good idea. You’d be going to market to lease 4 at a time, and also the lender might look at the vacant possession and decline finance.

Increase the rent on one unit at a time and if needs be evict one tenant after settlement and re-tenant at market rate.

Hi Tim

8% is an extraordinary fee – was that a typo?

As Corey has mentioned, a mistake can cost far more than the fee a good BA may have charged you. Other key reasons for using BAs are not having the time to commit to research, inspecting property etc (quite a common issue for people that have children), or wanting to acquire property in a…[Read more]

Hi Sonny

As the others have said, best to keep your cash for the home you’ll live in.

If you ever do start investing, be wary of property that has a low rental price-tag (which property priced below $150k probably will). Your rent can get severely eroded by bills. Council rates, insurance, water rates, maintenance.

– The water company will…[Read more]

Hi Sonny

As the others have said, best to keep your cash for the home you’ll live in.

If you ever do start investing, be wary of property that has a low rental price-tag (which property priced below $150k probably will). Your rent can get severely eroded by bills. Council rates, insurance, water rates, maintenance.

– The water company will…[Read more]

Hi Amelia

Glad you have managed to start to see a path through it all !

Just another suggestion is to talk to each of the service providers you are going to use to explain to them the other jobs that will be happening, and ask them to help you determine which order the respective tradies should attend in. For instance, you might be advised…[Read more]

Hi Lb 75

Richard Taylor of Taylored Financial Solutions is Brisbane-based. His userid on the forum is Qlds007.

The link to his userid on these forums is here; https://www.propertyinvesting.com/members/qlds007/

Hi Lb 75

Richard Taylor of Taylored Financial Solutions is Brisbane-based. His userid on the forums is Qlds007.

Hi LB 75

The place you want to buy in Brisbane – do you want to live in it yourself or do you want it to be an investment property?

Before you get too ahead of yourself and sell anything, it would be best to talk to a good broker and determine how much you could borrow if you kept the Laverton property compared to how much you could borrow if…[Read more]

Hi Amelia

Welcome to the forums : )

Sounds like you have quite a job ahead of you !

With some councils, you are entitled to a couple of hard rubbish collections per year. It would be worth speaking to your council to see if this applies to you. It can be a convenient way of getting rid of bulky items that you would otherwise need to transport…[Read more]

Hi Gabsy

Don’t advertise it as a 3 bedder plus study. If the fourth room is big enough to be a bedroom then call it a bedroom. People that only needed 3 bedrooms can see it as a bonus room for guests, storage, play room, home office, or whatever.

It makes letting a bit easier to have the second bathroom, but I’d take a well located 4 bedder…[Read more]

Hi gabsy

Don’t advertise it as a 3 bedder plus study. If the fourth room is big enough to be a bedroom then call it a bedroom. People that only needed 3 bedrooms can see it as a bonus room for guests, storage, play room, home office, or whatever.

It makes letting a bit easier to have the second bathroom, but I’d take a well located 4 bedder…[Read more]

Hi Ren

With building, you’re usually stuck on a variable interest rate with the bank till the build is complete.

With a house & land package, the bank would pay the builders in incremental stages.

You are correct that stamp duty is lower if the dwelling is either not on the land or is incomplete. However keep in mind that most house & land…[Read more]

Hi Ajay

On those figures, a $250k property would need to be fetching $295 per week in rent to nudge its nose into CF+ terrain.

A $250k budget is a house in the outer ring Western suburbs of Melbourne, or a unit closer in (not all suburbs).

You are extremely unlikely to find something in Melbourne for that price that will also be CF+ and also…[Read more]

Hi Ajay

Welcome to the forums

There are parts of most towns that are fine and parts that are best avoided. The key is to not stumble into buying something that will hinder the progress of your investing.

Either way, while there are properties on the market in Melton for circa $250k, it is unrealistic to expect to find such a property which…[Read more]