Hi Caz

before you go any further whether you decide to purchase the IP for yourself or acting as a spotter it would be wise to get an estimate of costs involved.
You mentioned that it is only cosmetics, a cheap paint job could cost minimum of $3,000.

Once you have this information then you should be able to work out whether it is still viable to…[Read more]

Rogue
love your humour….. then I am not from Tassie[biggrin]

Hi Wayne,
I would have to agree with Derek on this.

Small fee to pay in comparison to savings you will potentially make.

Cheers, Marisa[biggrin]

Hi there,
we use Charles Ridolfo & Associates they have just moved to Adelaide Tce, Perth.

We have used them for a number of years now and have found them to be excellent.

Hello all, great to hear that those who attended forum enjoyed the event. Wish I could have attended.

Can I just get to more of the nitty gritty. With change in market can anyone share more info on ideas/strategies that Steve is now promoting.
Cheers[biggrin]

Felicity, was not aware of this as normally dont use this topic. Cheers

PaulDObson, thanks for website info.

Hi Pepper, I recently placed an offer on an IP well below asking price, my partner stated “THEY WOULD NEVER ACCEPT THAT PRICE” …. guess what, he is eating his words now…. I got it.

Go for it if you dont you can be sure someone else will.
Good luck[biggrin]

Hmmmm, now I am just trying to work out how many $1 coins you actually need?????[blink]

Hi futurewealth
I am a person who is “technically challenged”, and have managed to repeat the same reply a million times and stuff it up no end.
However, I think I got it now, and if I can you can.

PS
Press search, type “Jaffasoft calculator” that’ll bring up something interesting. CHeers[biggrin]

Thanks Kay for your help.

[biggrin]

Thanks Kay H for info.

Robo, great, however cant really afford this so guess will be painting.

AC, sounds good to me …. [biggrin]

Westan,
I agree, recently purchased IP in regional WA, after viewing at least 6 homes depressed as returns were very ordinary.

However, the last property I viewed required a reno, I managed to pick it up well below market value. After completing renovation will be making approximately 15-18%.
The problem is…[Read more]

robo, I have recently purchased fibo, will possibly paint external sometime soon.

Just wandering do you know if it is costly to reclad a house (small 3 x 1) approximately???
If possible. CHeers[biggrin]

Hi all
Regardless of the strategy, simply cant deny the fact that there are people on this forum today making money in regional areas and overseas who have achieved capital growth and have positively geared properties.

I can only see a problem if you are buying without researching regardless of the area/location. [exhappy]

Thanks KP, I was really just curious.
See if anyone is making pots of money using this strategy in WA. It obviously is not too popular over here.

Redwing, good one, I think I have seen them too.
[biggrin]

Housesonly, this is a very good point you make.
I guess the dishwashes would not be the norm in an IP and would be in your more upmarket property?

However, security is a high priority on the list and I suppose its trying to find the right balance etc. I have found that insurance companies require at minimum security locks.

Hi Yack, I reckon so…. fortunately the tenant I have now is great and a BIG bloke. Probably not an appropriate comment, but perfect for this area, if you know what I mean.[biggrin]

Security screens/bars – I would feel like I was living in a cage, and fire risk aspect is a serious concern, this is why I would not invest in this option.

I recently investigated security for a property as it was also broken into. Opted for window locks. Probably cheapest option, tenant happy. Will upgrade further down the track. Also security…[Read more]

Thanks PK, thanks for that info, I am very happy that we are converting. I have also been told that these gas bottles get stolen.. would you believe this!!!

Hi Kay
Did I think of flyscreens…………[blink] I dont have flyscreens on my own home.
Though I was told by the guy renovating that flyscreens are very important and they unfortunately…[Read more]

Thanks everyone for helpful replies.

Also, as I am purchasing new stove and hotwater which was connected to bottled gas, I have been advised to convert to electric. (Bottled gas can be very expensive so I am told).

Based on the fact that location is hot and dry most of the year – my updated priority list

1. Airconditioner
2. Heating
3. Clean…[Read more]