My pleasure Sid,
I actually sent you a private message with my details if you have any specific questions, if you write them down I am more than happy to provide some answers and even carve a clear path for you.
Then you have answered your own question? just make sure you do some reading prior to settlement (due diligence)
-Area sales prices
-Ways to add value
-etc etc etc (aka read a lot)
-have someone to assist
Sarah I agree with Benny in relationship to houses but before I even read your answer I thought it might be a larger step than currently possible.
So, I personally think if your willing to add value to an older property can get a good price on something you can easily afford this can largely set you up to move forward.
I am not a fan of units…[Read more]
Muzzo Benny is the man! knows his stuff so I would read and Reread anything he sends you.
I think the answer will be self evident once you understand your long term goals and workout the pros and con of both options and even some other ones, I would get quotes for both options, look at the growth potential, rental returns and other benefits and…[Read more]
All good or bad options depending on your long term plans/goals.
firstly each step should be part of your path and it will be.
each step should set up the next.
there are good options in the west melbz area, good sub div options etc, the main thing is how it will affect your personal cashflow, how it sets you up for your next property and the…[Read more]
Good Idea Financially?
the simple way to work it out is
value of property now
cost to do reno
value of the property after.
then that is a really clear and easy way to break it down, even get quotes for the job.
for e.g. a client of mine had a converted garage bedroom we did a $15,000 reno on it and added a private ensuite (shower/Toliet) the…[Read more]
I do not use or know of a tool (bar the standard Realestate.com.au Reports that actually structures it in such a way that a report generates in depth…[Read more]
I can answer all of this (bar the legal advice, but I can give general information to help inform you on different trusts)
more importantly what is the end goal???
because if its a $200k income PA from investments I would question if your on the most appropriate path there.
happy to chat.
what do you want them to do?
also, contact every single company that works within that area, organise quotes/rough quotes, ask questions, the best way to find the right workers is to give them the smell test and create a bonus if your paying them day rates and give them a fair time to finish with a $200 bonus on that day.
could save you large…[Read more]
30 acres = 120,000m2
2800 x $5000 = 14mil
$116 per square meter
=$81,000 for an 700m2 block.
this investment has no return bar the perceived return upon sale. but does seem cheap depending on the location of the land and a variety of things.
my simple answer is the Warren buffett, which boils down to investing in things that go up in value,…[Read more]
Rajs I would say your very largely wrong. Houses are far far better from equity, cashflow however depends on the exact properties, as does equity (but houses have a far greater chance of getting the most equity build up)
plus you own legal right of the land, there are strict restrictions to duplex etc
Jaxon replied to the topic I want to retire but I have a negatively geared portfolio in the forum Help Needed! 4 months ago
I am happy to have a chat and break down a strategy to reach your end goal. Pm you details.
Jaxon replied to the topic Time Poor Investors need help finding a Site. Rewards offered for site search in the forum Help Needed! 4 months, 2 weeks ago
Yes Lots that may fit that exact plan,
lots to discuss but generally a solid plan if executed correctly.
firstly, Dual income, Airbnb, etc are far higher return as a generalisation. Appreciation isnt based on income earnt, its based on age of property.
Be careful with the exact deal, e.g. uni dual livings etc, sometimes there are crapy rules.
Someone may provide rough costs,
but the true cost will vary,
but contact every local company via email and phone, you can negotiate prices in a lot of cases and will get a good idea of close to exact pricing.
unless there is someone who just did a very similar sub div the prices can/will be fairly different.
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