interesting Shales,I kind of agree with you, it would be difficult as there are a huge amount of variables that would need to be included.so lets change the formula:plus- sell costs – sell price – tax deductions less- buy price- buy costs- interest repayments- grants (i.e. FHOG)- value adding costs- tax as single income, ownsrship in owners name,…[Read more]

The aim is to obtain an accurate measure of success on your money.Cheers

just realised,missing:less – tax if sold under 12 months, i.e. short term, income tax?- tax if sold over 12 months, i.e. long term, capital gains?cheersMiike

Hey Carpe,On the other side of the coin, you should really spend time on doing research to maximise profits and target the correct demographic.No point targeting middle income families in an area that is high end.Invest your time in contacting local real estate agents and rental managers, contact town planning and see what is currently in the…[Read more]

Hi Glen,Thanks for the reply.I went with option 2 and started the work over the weekend.Although the glass is more expensive, depending on the apartment and demographic, spending the extra can be worth it.Let you know how it goes.<br /:)” title=”>:)” class=”bbcode_smiley” />

it's a buy, add value, rent and reinvest equity strategy for this property. Given the current climate, theres always a possibility of selling if it comes to that although highly unlikely.Mirrors is an interesting alternative to glass, i'll take a look around to see some examples.

I thought that would give a nice look, but it doesn't match well with my color scheme for the placefloors, jatoba woodbench, ceaser stone – expressocabinetry – white mattewall paint – antique us whitenot so easy, …at this stage leaning to a plain glass , no background, color or distortions

The bricks would need a lot of work to have that done. It was something I thought as an option for asthetics, however the appartment is aimed at up-market trendy studio feel.

Another place to start is on a budget….Start estimating and grow the budget…don't forget unexpected charges and insurance.Cheers,Miike

Hi Aisha,If your asking questions related to the economic future of a country, try a fortune teller.If you are asking for hidden costs, then maybe you should research and perform due diligence.Educate yourself, stop relying on people to tell you what to do!A good start is reading some of Steve's books, although not all up to date with the current…[Read more]

Hi Anthony,Do you think the rule applies if you add value to the property (allowing equity for reinvestment) and increase the rent?- Look at properties in the area and see what kind of demographic the area is getting and what kind of changes to the property will give you the largest increase in rent or equity. – Speak to property managers and see…[Read more]

This query applies to me as well.I recently removed lino flooring. Pretty sure I didn't see any asbestos or fibres. My kitchen was built in 63.My query is in general to asbestos. 1) For removal if it is disturbed what would be recommendations, i.e. how can it be contained and decontaminated.2) Is there a form of testing a person can take to check…[Read more]

Haha, good pickup Terryw.Maybe I should proof read before I post…was in a rush when I typed it up, anyway, LVR was what I meant!Cheers,Miike

Hi Rambo1,I myself am in the same position.My understanding from what I have picked up from my mortgage broker is that banks will base this on their evaluations and LMI values.i.e.Property 1:Value: 400kLoan: 300kLMI: 75Available borrowing:LMI: 90Loan: 360kExtra: 60kProposed Property 2:Purchase: 300kCosts: 20kLoan: 260LMI: 87- Take into…[Read more]

Thanks Reece for providing as much info as possible.Will keep an eye for your updates .Josh, I'm still on my way with things I need to get done. I'm more than happy to discuss anything with you on the forum or privately….PM me or reply a post to the thread. Cheers,Miike

Hi Reece,Had another browse through the program.One thing if your able to answer it at this stage.Have you received a schedule or agenda of any kind which outlines the times and dates for the meetings and webinars, etc.I'm interested to see what the time line is like.Cheers,Miike

Hi Reeco,I am extremely grateful that you have put in the time to keep on pushing for answers in this thread as they are the same questions that I have been trying to find out over the last 2 years!Much like you I am the horrendous gen-Y's, that don't save, expect everything on a silver platter and don't wish to work for anyone but…[Read more]

Thanks Scott No Mates,Looking into it further .Cheers,Miike

Hi Guys,All the posts have been great.Finally have started getting it done.Engineer is coming in to inspect the wall tomorrow after reviewing the architectual plans.Looking at approx 2k as it is a load bearing wall, includes, engineering work, support beam, fire rating and installation.Going to rip down the wall myself with a few mates.Renderer…[Read more]

Thanks Carlin,Will let you know.Cheers,Miike