Now, do read one of Steve’s but also read some other authors as well as there are many different styles out there and you need to read a few to…[Read more]

I…[Read more]

It doesn’t answer your question but it’s food for though on resale prospects.

Good Luck
PK

What I have found is that when resources and doing well so does Kalg. When resources are not doing so great then often you’ll need to reduce rents to get tenants or you’ll ahve periods where the property is not ntenanted and the porperty doen’st appreciate…[Read more]

Or try ringing the valuers general office in your area and see if they can help with land value.

Or ring a different agent in town and ask if there are any blocks for sale around the area of the house, if so, ask the price…[Read more]

Or go halves in the current land value and they cover the house cost in full.

Unfortuantley it doens’t sound like a contract was written up prior to starting covering this type of thing. Perhpas next time do, as this could cause…[Read more]

Are they on a lease? There may be a section in the lease, if so you will need to abide by it.

Secondly if they are on a lease then I think they have to stay while you are selling, but if they aren’t then they need only give you 21 days notice (in WA anyway that’s the standard notice) that they are going to vacate and then you are…[Read more]

Firsly I know nothing about Sydney and the market there so can’t hlep with specifics, but I guess the things I’d look at are:
A) why do people say not to buy them, is it a good reason or is simply a personal view they are airing?
Check what vacancy rates are for these type of places ie: ring agents in the area and pretend you are…[Read more]

First thing I’d do is ring another agent that manages property in the town and find out what vacancies are like and if $120 is the normal rental rate.

I’ve known owners who will pay the rent for twelve months themselves so that they can sell the property so just make sure that after the intial 12 months you will actually be…[Read more]

Could be a good thing, just check everything out first to be sure.

Regards
PK

For some people this may be a buy and hold until they retire and then sell some to pay off others so you then have the rent as income on the ones that are now paid off.

For others, they may wait for a ceertian amount of growth and then…[Read more]

PK

Back in 2004 when this thread first started, properties in Balga were around the $200,000 mark. Seems I picked a right suburb becasue as you started the prices have grown remarkedly. Shame I don’t have an IP there![annoyed]

PK

PK

When zones change investors will often look for blocks where the change will allow an extra dwelling or two and snap it up so they can then subdivide and put…[Read more]

Regards
PK

If it’s a unit for singles they’ll not want schools but often want cafe strips or nightlife in walking distance or public transport, unless it’s student accomodation then it’ll need…[Read more]

The unit I found was lots of short term rentals with several weeks gap in between. Never any damage or late rent though, but it wwasn’t what I was after.

I prefer the house becasue it gets longer leases ie: 12 months at a…[Read more]

Is the house livable to move straight in? If so, then perhpas move in and if the house is actually valued higher than the price you purcahsed at, then perhaps you can then apply for a line of credit for the amount needed for the reno.

Or alternatively, do you already have the…[Read more]

Best Wishes though, I hope it all comes together for you. It’s great to hear when someone reaches their goals. Well done.

Regards
PK.

Ring the council and ask them questions ie: what has building approvals been like (gives an indication of whether population is increasing). Ask them what infrastructure is planned or any zoning changes in the pipeline etc.

Also for population, remember that the ABS stats are now a few years out of date. Another option is…[Read more]

Regards
Steven
Mortgage Broker

This is sound advice if using equity as security. We spent a small fortune earlier this year untying all the…[Read more]

Secondly, wyou should be able to download Adobe for free and not sign up for a specific time.

Get the guru to load it while he’s at your house.

Good Luck
PK

But thought the reno video was fantastic!

Looking forward to the next update.

Regards
Judy

I recently took a tenant to…[Read more]

Any ideas on what I’m doing worng here?

Regards
Pk

I’d also request a copy of the lease so I could read it for myself to see what stipualtions were in it.

Good Luck
PK

PK

The shower may need to stay over the bath otherwsie it may make it even more cramped by trying to fit both in separately. What we did in one house though was had Roman Bath built and have the shower over that, that way it had a flat floor for standing in (unlike normal baths) and it still allowed families to be able to bath children…[Read more]

When properties settle is actually irrelevant.

Regards
PK

Regards
PK

I also find it fustrating having to scroll past pages of forums that I cannot access when I hit the “active topics” button, especially if it has been a couple of days since I was on last. I have no issue with those forums being there, but ease in accessing where I…[Read more]

We’ve done a couple of reno’s and tend to work from the top down ie: roof first, this works particualy well if you are spraying iron roofs as any overspray onto gutters etc is then covered when you paint the gutters next.

Replace windows before you paint walls either inside or out otherwsie you’ll definistely have to touch up bits that…[Read more]

Having said that you should make your own decision. I remember reading a thread on Collie a couple of years back that was all negative as well, yet the growth there has been very good. While I can’t see that happening…[Read more]

Well, my hubby is very suportive of the investing that we do, but unless it needs a hands on approach in fixing it (which he is very good at when it’s been needed), then he’s quite happy to leave it to me. I don’t have an issue with this, he works long hours anyway, to earn the money that pays our every day living expenses. The…[Read more]

Also, it…[Read more]

You might have to wear this…[Read more]

that way you will know iwthin that time frame whether it is a goer or not, if not then you can start the process on a…[Read more]

Also add in Utilities ie: to get the powere connected, pawer and water usage etc. Not easy to renovate or clean up afterwards without power and water.

PK

After you’ve read Steve’s first book, I’d suggest you then read the second, it’s more up to date about today’s market but do finish the first one as it’s the backgroundd for the second.

Good Luck.
PK