Total Members: 158,729

NHG

  • NHG replied to the topic Melbourne accountant in the forum Help Needed! 10 years, 4 months ago

    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.

    That's all.

  • NHG replied to the topic Available: Cheap Labourer / Painter. in the forum Heads Up! 10 years, 4 months ago

    Nice.

  • NHG replied to the topic Available: Cheap Labourer / Painter. in the forum Heads Up! 10 years, 4 months ago

    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.

  • NHG replied to the topic Available: Cheap Labourer / Painter. in the forum Heads Up! 10 years, 4 months ago

    I just noticed they reset my post count, I use to be very active here but am more active on another investment forum. So not a 1 post wonder.

  • NHG replied to the topic Cheap Vs Expensive Conveyancers in the forum Legal & Accounting 11 years, 3 months ago

    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…

  • NHG replied to the topic Young man seeking mentor in the forum Help Needed! 11 years, 3 months ago

    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]

  • NHG replied to the topic find positively geared property in the forum General Property 11 years, 3 months ago

    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]

  • NHG replied to the topic Bidwill, NSW in the forum General Property 11 years, 5 months ago

    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.

  • NHG replied to the topic Bidwill, NSW in the forum General Property 11 years, 5 months ago

    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]

  • NHG replied to the topic Bidwill, NSW in the forum General Property 11 years, 5 months ago

    Hey,

    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 :P

  • NHG replied to the topic Construction Costs in the forum Help Needed! 11 years, 9 months ago

    Per sqm of floor space. 100sqm downstairs, 50sqm upstairs = 150sqm x $1500.

  • NHG replied to the topic Variable or Fixed in the forum Finance 11 years, 9 months ago

    Thanks Jamie.

    Say I completed renovations and also bought the IP undervalue to start.
    If it is 100% fixed, is it still possible to revalue and extract equity for a completely new IP purchase?

  • NHG replied to the topic Variable or Fixed in the forum Finance 11 years, 9 months ago

    Hey everyone,

    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.

  • NHG replied to the topic IP profit / loss? in the forum Help Needed! 11 years, 9 months ago

    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

  • NHG replied to the topic As a general rule of thumb…. in the forum General Property 11 years, 9 months ago

    Depends on your lifestyle…

    I’ve heard of people retiring on $20k per year overseas.

    Others like their Armani suits and Christian Louboutin shoes.

  • NHG replied to the topic Starting Out Tips in the forum General Property 11 years, 9 months ago

    HI!
    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]

  • NHG replied to the topic Mid-life crisis in the forum Help Needed! 11 years, 9 months ago

    Construction and engineering. Good money less labour, mix odds outdoors and indoors.

  • NHG replied to the topic Joint ventures -where to find partners in the forum Help Needed! 11 years, 9 months ago

    What kind of development? What's the area?

    Would be great to see a breakdown of numbers and a % profit at the end including all exit costs.

  • NHG replied to the topic Botany NSW Growth Suburb? in the forum Help Needed! 11 years, 9 months ago

    Hi Tony,

    Just sent you an email as well. Would like to learn more about Botany as my employer is doing a lot of work there.

    Thanks :)

  • NHG replied to the topic Real Estate Investar in the forum General Property 11 years, 9 months ago

    What would be considered an 'active' investor? 

  • Load More

NHG

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