Forum Replies Created
Are you chasing Deriks & Elise's renovation pack.
Greg
How much are willing to pay?? In excel,ant condition.
How much are you willing to pay?? In excellent condition.
Did you finish the course?? If so how did you find it??
I believe he is trying to keep the tyre kickers out. But as Amy White said, what are your main goals for the future relating to property. Secondly, have you spoken to Steve McKnight personal ( or current students) as I know he is very approachable if asked the correct questions in the correct way. You never know if you never ask.
if you require further info Daniel then PM me.
greg
I would rather spend a little of money & learn the right way, instead of making a mistake a the important end & cost me whole lot more. Anyway I am not concerned that I do not know it all as I am learning to be a investor in property with least path to resistance getting to my financial goal I have planned for our family.
Good luck for the future catalyst.
regards
Greg
Tom,
I use Real Estate Investar which has this included in the software package- 2 years subscription for $2000 or $250 per month.
Regards
Greg
Hey Tom,
i use APM as part my research @ the early stage of the due diligence stage. It is a trigger for me only to validate further inspection on the property. Hope this helps.
regards
greg
Hey Freckle,
some might say you have been sighting the sun to long
, but agree a on a lot of what you have said in your post. It takes more than just buy & holds in this market/climate. 5 % yields per year will not get me out of bed I am sorry.regards
greg
Hi Catalyst,
with a name like that, says it all. I think you you need to read Jordan 1 st post again & I am pretty sure he is just starting out so think would have the minimal experience in the course to real advice on it. I have almost competed the course & I would say it is sound foundation in starting anyone's portfolio needs ( big or small) but it does take effort = reward. Are you up for it REALLY Catalyst??
regards
Greg
Hi all,
Dean Parker has hit the nail on the head(haha). It is true in what is required in Queensland.
i was introduced to the this man through Steve McKnight. Dean ( & Elise) is a very successful person in what has done in Victoria & Queensland. He has a very systematic & streamline style of work( I spouse that comes from his IT back ground) if you need further help I would strongly recommended completing his "Complete Reno kit" that can be found on the web site in the shop section. It will explain everything from what to look for before even thinking of purchasing to the step by step guide on the renovation, finance, selling process.
regards
leftyHi Josh,
i agree with you in regards people to understand the strategy they are selecting& work there way backwards in what they can afford, work out what the medium price in that area & what is realistic return on the property( always include worst case in regards to 48-50 weeks tenanted )
always due diligence on all aspects of we're the general work is coming from for stability, & what is the key economic drivers of the area.
Talk to locals,real estate agents , shop owners for best & worst areas to purchases as the more you leave to chance, the more chance of failure.
Regards
left
Hi Rachste,
as Jamie M has commented that your solicitor will have write this up in the contract & vendor will have to agree on it. Most times it can work out your favour in regards to controlling the property not owning & still conducting the work that is required to complete which can have a big saving in regards to holding cost. If you have any framers please let me know & I can give further info for you.
regards
Lefty
Hi popelich
Contact Mark Muldrew from Ray White Emerald. A real down to earth guy.
Hi taxdiva,
I had purchased in the Nogoa Rise estate in 2009 which was well & truely dry. The Vines estate & I beleive Mayfair. A new estate called Blue Gums estate only had 2 house go under in the 2008 & then in 2010 the whole estate (30+ homes) went under. I would not build or by in Mayfair as you will see when you drive down the main road (black soil) which is very unevern & paths have buckled. It may pay to call a couple of local agents who have lived there for a while. Mark Muldrew from Ray White Emerlad would be a great starting point as he is a top guy.
Let me know if require any further info
Lefty
Hi mkendra,
I used regional insurance brokers in Emerald who use vero policy. I have alos found BOQ sell the Vero policy on there behare. BOQ seam to do a mean deal. Let me know if i Vcan supply direct conatct with BOQ which would love to help.
Lefty
Sorry camjanice,
How much did you pay for ur rural view property & how old is it? Who is ur PM? Is it a company or individual on he lease? Is this a 4 bedroom/ 2 bathroom/ dlug? Did you have do anything special to achieve the $ 700 pw.?
Hey waydo77,
Have you found any projects to do yet?
Regards
LeftyHi Marcus,
I would not touch one of these deals as your return is restricted & there are high costs involved. There are better strategies out there that you can get better return on for money for value. As you suggested your self you reliant on one thing & that is capital appreciation has to increase for you to gain we’re you would be better to purchase an older property that has the abiility to manufacture your returns through renovation.
Regards
LeftyHi Amanda
I use regional insurance brokers who use vero policy (sister company of suncorp). You wil find you will get the same cover with vero as you will with suncorp, but half the price. You will expect to pay higher insurance if you are in flood area( higher risk equals higher fee)
Make sure you read through the policy terms to make sure it suits your risk level. Also another way of keeping your premium cost down pay a higher excess fee if you make a claim. I am currently paying $950 pa for cover on a $469 k house & $720 pw rent default and this is out of flood zone.
Hop this helps
LeftyHey Tony,
I have been living in Bucasia/Shoal Point area for 8 years now. It is 20mins from the heart of town. The canelands have just finished there $220M upgrade to include Myers, sizzler & many more shops. There appears to a lot more confidence in Mackay, not that it stood still but houses between $380-$420K are selling like hot cakes. Northern Beaches which include areas like Blacks Beach, Eimeo, Bucasia, Shoal Point, Rural View has a lot just starting to see more growth due to BiLo shops being changed to Coles, Woolworths, McDonalds, speciality stores, local hardware store Porters, local tyre company Meng tyres (He sold this business & now is the Mayor of Mackay) have built out at northern beaches area. Lots more work like Bunning’s, Harvey Norman, and High School will be moving closer to use.
The expected prices for a new 4bed/2bath/2 car house;
-Shoal Point $600k plus-2 min walk to Bucasia beach;8 mins drive to shops
–Bucasia $450k plus-4 min walk to beach-5 min drive to shops; (Check out Royal sands estate)
-Rural View $600K plus-10min drive to beaches, 5min walk to shops
-Blacks beach $550K plus 5 min walk to beaches-6 min drive to shopsYou also have Andergrove that has a " Housing Affordability" which is just selling.
If you require further info just let me know.
Lefty
, but agree a on a lot of what you have said in your post. It takes more than just buy & holds in this market/climate. 5 % yields per year will not get me out of bed I am sorry.
