Total Members: 158,033

jmsrachel

  • jmsrachel replied to the topic some interesting articles on florida in the forum Overseas Deals 8 years, 10 months ago

    20% return sounds good to me. So if I was to invest $100k with you, in 6 months i should have $120k (principal plus interest)?

    How will I as the investor have security over the deal? Not saying you will vanish midway through the project but I would want to be protected.

    Also what happens if the deal blows out from 6 years to say 2 years?…[Read more]

  • jmsrachel replied to the topic some interesting articles on florida in the forum Overseas Deals 8 years, 10 months ago

    Say i invest $50k. What is my return and how long till I see the return?

  • Just to prove you don’t need professionals living in the same state as you, I recently used my mortgage broker Jamie who has posted above to refinance my loan. I’m from Melbourne and he was in Europe at the time!(normally from canberra). Process was easy and quick. If he didn’t tell me he was overseas i wouldn’t even have known.

    This wouldn’t…[Read more]

  • jmsrachel replied to the topic Loan Pre-approval in the forum Finance 9 years, 7 months ago

    Agree with Richard, no need to contact two. Have a chat with a couple and pick the one that you believe you can work with to reach your goals.

  • jmsrachel replied to the topic My Latest Reno in the forum Value Adding 9 years, 8 months ago

    Yeah the bearers being bowed is one of the signs. I just walk inside and you can instantly feel if the floor dips. If the house is 50 years old and on timber stumps it will most likely need re stumping.

    You can even use a spirit level to see where it needs raising.

  • jmsrachel replied to the topic My Latest Reno in the forum Value Adding 9 years, 8 months ago

    Hi Tom,

    The 50 stumps took me around a week and a half. If I had more bottle jacks I could have done it in under a week. You don’t need builders reports, a quick glance at the stumps will tell you if they are in need of replacing. Also when you walk through a property you will be able to feel where it dips. This is normally an indication the…[Read more]

  • jmsrachel replied to the topic My Latest Reno in the forum Value Adding 9 years, 8 months ago

    Off memory cost me around $500. All up changed just under 50 stumps. If you get someone to do it allow around $10k. A lot of Cowboys in this trade so be careful. I’ve seen a lot of shonky work.

    It’s hard and dirty work. The soil being sandy didn’t help. Expect sore hands and sore back.

    I’m a cabinet maker by trade.

  • jmsrachel replied to the topic What do you think of this deal? in the forum Overseas Deals 9 years, 8 months ago

    Hey cat,

    Are you still flogging property in Florida and Texas? I thought your old mate would have jumped in by now. ;)

  • jmsrachel replied to the topic My Latest Reno in the forum Value Adding 9 years, 8 months ago

    It really depends on how handy you are. Once you start getting trades things can get expensive. A good way to learn is watching the pro’s at work. I find I learn quickly when watching someone else do it.
    Which suburbs are you looking at?

  • jmsrachel replied to the topic how much did you spend renovating your bathroom? in the forum Value Adding 9 years, 8 months ago

    Wow $20k! For that price I can renovate your bathroom and send you on a trip to Europe. You need to get into DIY Jamie!

  • jmsrachel replied to the topic What Supplements Do You Use? in the forum Forum Frolic 9 years, 8 months ago

    Wow that’s impressive! I hope your boss doesn’t know!

  • jmsrachel replied to the topic 30 Day Settlement Questions in the forum Help Needed! 9 years, 8 months ago

    30 days is really tight. You’d better hope your broker is as quick and good as Jamie!

  • jmsrachel replied to the topic Recommendations on builders in the SE suburbs of Melbourne in the forum Help Needed! 9 years, 8 months ago

    Hey jp can you pm me the contact you have

  • jmsrachel replied to the topic It's almost June (what have you achieved) in the forum Help Needed! 9 years, 8 months ago

    Hey Ben, which council did you have to go through for the planning permit?

  • jmsrachel replied to the topic Cashflow Positive Property in the forum General Property 9 years, 9 months ago

    House.ksou.cn should list the rental price of the property.

  • jmsrachel replied to the topic It's almost June (what have you achieved) in the forum Help Needed! 9 years, 9 months ago

    Renovation is a funny thing. During the renovation you find yourself cursing at the world and asking what you have gotten into. Promising yourself never again. Once it’s all done you get withdrawals and start looking for the next one!

  • jmsrachel replied to the topic It's almost June (what have you achieved) in the forum Help Needed! 9 years, 9 months ago

    Jp, which suburb did you buy in to get a positive cash flow IP in Melbourne?

    My achievement was completing my reno on the Ip. Icing on the cake was on the weekend when next door to my Ip sold for $722K. Same house as mine except it has a pool. Mines a lot more modern.

  • jmsrachel replied to the topic property investment company in the forum Help Needed! 9 years, 9 months ago

    The tears will come when you find out the valuation has come in $30k under purchase price.

  • jmsrachel replied to the topic property investment company in the forum Help Needed! 9 years, 9 months ago

    Oh no! This will end in tears. Be careful.

  • jmsrachel replied to the topic Certus Property in the forum General Property 9 years, 9 months ago

    I had a call from Minnesota,USA last week. Got told I won the Microsoft raffle, (I was automatically entered somehow) prize money $2m US. Just need credit card details to secure prize…..

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jmsrachel

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