Different trades and services have varying degrees of support depending on the forum you're on.
House of Wealth has well known posters who provide great advice on a different investment forum, and those above who recommend them are very active on those other sites.
Scott No Mates wrote:
He did say cost price…
LOL, he may enjoy the free holiday.
Sydney, somewhere near public transport preferably. If it is convenient for me to drop him off I can do that, i'll charge mates rates to do it tho, haha.
Conveyancers are great for the 'straight forward' transactions.
I personally always use a solicitor, who charges me about $900 (mate's rates, he usually charges more). However he has on more than 1 occasion, proved himself worth the money.
Also his background as a developer means I receive the occasional gold nuggets of wisdom free of…
Great of you to start so early!
First thing first, be sure to read-read-read and go to a lot of inspections. This way when you meet more knowledgeable investors, you can ask questions that will open you up to new possibilities.
Also understanding the lingo (you'll pick it up by reading through past threads on this forum), means you can follow…[Read more]
I started out about a year ago asking very similar questions the the one you just asked to start.
You will find with a bit of research and time, it is very possible to find positive geared property, however not in a straight forward kind of way.
The truth is, to make any real money in property you have to solve a problem or provide a service.…[Read more]
With the HC properties, you are competing against bidders buying through SMSF.
Perhaps they pay more due to lower interest rates and a perception the property will be 'stuck' in the fund for a long time untouched.
Anything in a HC area that doesn’t gross 7% and hasn’t got a potential for a granny flat as well. The returns seem fine now, yet with minimal depreciation and rising interest rates in the future, any less and you will be in trouble.
No haven’t seen anything for subdivision there. All the agents say $100k per land base is ok, I don’t think…[Read more]
Picked up a third property in St Marys. Nothing in Bidwill. The exHC properties are selling WAY overpriced at the auctions IMO. Also Bidwill is a little too rough for my liking, esp around Kidd Cl.
Shifting across to small subdivision and construct now, getting a little bored of buy-renovate-rent
So I’m looking a fixing 50% of my loans.
Would I be better off making each of them 50/50 variable/fixed.
Or just half the loans 100% variable and leaving the rest variable (with off-set).
Are there any advantages to either or is it just wasted money.
Sounds like a lot of risk for $12k. Is the $800k a conservative sales price? What if it takes 12 weeks to sell etc.
I had the same scenario drop into my lap last month. Same figures, I realised I’d rather use the money to buy 2-3 positive geared properties where the variables were more manageable.
Then again, I ain’t no millionaire :p
I found what helped a lot was hitting the streets and inspecting properties, talking to real estate agents and putting theory into practice. It really helps you work out what questions are good to ask and what information would be great to have/where to find it. Try putting in some low ball offers as well at some point to get a feel for how to…[Read more]
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