Hi KP,
I wish I could answer your questions, as I have not asked for any quotes this year for duplex project I mentioned. It is still in at council waiting approval, 5 months now, should have go ahead soon. Only one town planner in Isa at the moment and everything is taking a long time. I have another property in Isa in with council waiting…[Read more]

Hi Salacious,
Thought this might interest you https://www.propertyinvesting.com/forum/topic/23311.html

Don

djr

Hi Kressley,
Your idea has past my mind many a time, we have 4 houses in Isa and we have a DA in on one of them at the moment to subdevide and build a duplex at the rear. I spoke to some builders last year in Isa and was qouted $1200 sqm approx, probably gone up more now. Xstrata are crying out for quality accommodation in Isa, if Summit Resources…[Read more]

Hi,
Send me some details via PM on the property, I could be interested?

Don

djr

Hi Aussielad,
Year your right, not quite a penthouse is it, another load of crap from the agent. Still the view is fantastic, you have to admit. Interesting reading other forum members experience with agents, its the only bussines I feel that has a conflict of interest.

Don

djr

Hi Giddo & Nazzysmitho153,
Yeah I have heard the “I would buy it myself if I could ” also from agents in the past, this one was a bit different as I felt he was trying to put me off buying as he seemed to be going on a bit about any bad points the unit had.The vendor would not have been happy if they new his intentions, I really believe the guy…[Read more]

Hi,
You can contact the local council in writing and advise them you will be taking adverse possession and will pay any rates owing, plus address all future rates to you from now on, most likely rates will be owing if abandoned and the council will be happy to have some money paid.

These are properties that go to auction for arrears in rates, You…[Read more]

Hi Erika,
I should have pointed out that I am rushing to get the plans drawn up and application in, as in Jan 06 the high density zoning changes for the property. I have 2 years after it is approved to build and I would always respect the rights of the tenant. At the moment I am only in the early stages and if I do proceed would either do a deal…[Read more]

Hi Jon,
I have sent you a PM, check your inbox.
Don

djr

Hi Jon,
I live in Brisbane and both properties I have purchased, one is just outside town on acreage with 3 houses which will be rezoned next month by the council from rural to rural/res. The other is a 3 bed house walking distance to town with units in the street zoned for multi dwelling. I personally don’t know the top suburbs, but I am happy…[Read more]

Hi Jon,
We have just come back from Mount Isa on the weekend to view our latest purchase of 3 houses on one title which we are in the process of splitting. While up there we bought another house which will rent for $300 per week and will be building a duplex at the rear of property hopefully next year. My wife and I spent the day with our property…[Read more]

Hi Matt,
Try Chris Costanzo at Mobile Tax Accountants, he is a friend of mine and very good on property investing tax wise. Ph 33492066, has over 10,000 clients, so must be doing something right.

Don

djr

Hi Everyone,
We have a SMSF and have used it in partnership with ourselves, we purchased a property and did not have to borrow at the time, doubled our money in 14 months and sold. Here is the good part, super fund is only liable for 15% CGT on 50% profit which is split up amoungst 3 partners ( my wife, myself and SMSF ).My wife and I are taxed at…[Read more]

Hi Rich,
I was told once terracotta roof tiles secondhand sell for $1.40 each, could be a few thousand in the roof tiles. Worth investigating.

Don

djr

Hi George,
Good on you for taking a profit, I was fortunate enough to sell 3 IP properties in Brisbane in the last 4 years for a profit of $500,000.00, started with $5000.00 deposit for 1st, borrowed the rest, sold first for a small profit, bought another and trebled my money and sold, bought another and doubled my money in 14 months. Have just…[Read more]