Hi Corey. Yep plan to relax for a little while and go on a over due holiday. I’ll probably buy regional and this time go for cash flow instead of capital growth but something I can develop and renovate.
Thanks guys it’s on the market and hope to close it in the next few days with plenty of offers coming in. I’ll sit tight for a little while and watch what this insane market will do. No more negative geared property for me!
P.s I’m a registered builder…..and happy to sell.
Hi Jerry, that is also my plan, but I’m finding at best around $50 positive cashflow per week at 4% interest only and are regional, also focusing only buying if these houses are on large blocks for future development. So my plan is to flip some properties in melbourne for cash flow, these would be most likely be negatively geared anyway, and then…[Read more]
Hi Jerry, did originally consider doing that (my goal is to grow my portfolio so even considering selling is a big deal for me), but apparently I’m getting close to my serviceability limit.
its also negatively geared and i feel it may hold me back even more, esp if the market stalls or goes backwards.
id really like to get into some flips and…[Read more]
Pat replied to the topic removing cladding and fixing weatherboards worth it – to sell in the forum Value Adding 5 years, 2 months ago
Hi, personally I think they are butt ugly and devalue the look of the house. Some people may say yay no maintenance, others will say looks cheap and what are they hiding underneath?
I guess it also depends on the type of house and which area it’s in, if it’s a cheap house in a cheap area probably wouldn’t be worth while, but if it’s a nice period…[Read more]
Hi Suzi, I’m also in the same position sort of, except I run a maintenance/Reno business for the last 10 years. I’m trying to build a property portfolio and also get away from my work and get in to flips.
I’m not sure what I’m allowed to post on here in regarding my number or website etc but feel free to contact me for any questions. I love…[Read more]
Hey guys, been reading heaps but my first post, great site .
I’m big on trying to grow a property portfolio, but hearing so much negativity makes me wonder if I should sell my investment property on a corner block before I develop it in case the market swallows the gain I’ve made over the last 5 years . It’s been a negative geared property,…[Read more]