[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

February 17, 2014 - 6:08 am

Hi All,

 I have email with my offer and agent not happy and she think its a mistake. LOL. So what do i do now?

Wait and put new offer? 

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

January 24, 2014 - 12:36 am

HI,

Love it but where can i buy around 500K in Brissy with Positive cash flow?

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

January 23, 2014 - 12:14 am

Hi All,

 Thanks, Ok thought of going in this path and let me know your views.

This year buy 1 -3 Properties  – purchasing price of around $500,000 in Melbourne Inner City Apartments

Looking these apartment market is forecasted to grow 6%-8% over the next five years

  MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

January 15, 2014 - 11:14 pm

HI,

I'm also looking someone in Melbourne. 

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

January 15, 2014 - 10:48 pm

Hi Redwood,

 You mean renovation or Build?

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

January 15, 2014 - 10:40 pm

Big Thanks to all of you.

I have 10-15 years to Invest but i need a Plan or Strategy to learn.

If i have $ 1.0M to Invest where do i invest or how? 

Two or more properties in growth suburb or one in Inner city suburb?

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

January 13, 2014 - 5:41 am

HI,

This property is sitting there costing me money every week . But 100K equity create during this time. ( 2010 To 2013) If the subdivide and build project is not the option.

can cosmetic renovation make rentals high? 

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

January 7, 2014 - 1:15 am

yellina wrote:

 

  If you have 763 sqm in Wantrina South, Which is a good are in Melbourne. I think you might squeeze in 3 properties.  

 

HI,

 How this help please explain? i thought two specious houses are more value than putting 3.

MI 

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

December 23, 2013 - 1:08 am

Hi Ryan,

I like to keep this Properties after developed and also want to know how its look like this Development journey. LOL

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

December 18, 2013 - 12:10 am

Jamie M wrote:

 Generally speaking, my preference is interest only on all loans with an offset linked to one – and that's usually the owner occupied loan if there is one.

Jamie

HI Jamie,

  What is the tax benefit with LOC setup?

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

December 17, 2013 - 11:59 pm

HI,

Can we claim costs associated with demolition of House ? Then I'm going to build two houses in that property.

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

December 17, 2013 - 11:44 pm

Hi ,

Thanks, I was doing bit more research and found following in this area.

1.http://www.realestate.com.au/property-house-vic-wantirna+south-115047763

2.http://www.realestate.com.au/property-house-vic-wantirna+south-115277471

Median property price:  Buy $621,000  and Rent $420

If i put those calculation into above. 

Buy Price              $475,000

Plans and Permits ,subdivision, demolition:  $  35,000

Building costs        $550,000

Total Costs            $1,060,000

Estimated Sale cost House A . $ 620,000

Estimated sale Cost Unit  B     $ 620,000

Total end values: $1,240,000

Potential gross equity to be created:$180,000

Estimated rental returns:47,870

Gross yield on completion of development:6.7%

Again Interest ($4.2K Per Month) and depreciation didn't count?  Both of us are paying 45K TAX also.

MI

[MelbInvesterParticipant@melbinvesterJoin Date: 2013Post Count: 17]

December 17, 2013 - 1:12 pm

Hi Wilko1,

This is just number without any details research. Thought of build 2 x 4 bedroom Houses.( 26 /M2)

Buy Price              $475,000

Plans and Permits ,subdivision, demolition:  $  35,000

Building costs        $550,000

Total Costs            $1,060,000

Estimated Sale cost House A . $ 550,000

Estimated sale Cost Unit  B     $ 550,000

Total end values: $1,100,000

Potential gross equity to be created:$40,000

Estimated rental returns:47,870

Gross yield on completion of development:4.9%

I'm not sure where is the Interest come into play and no income for 6 months ( Construction Time) ?

MI