PropertyInvesting.com | reelygood1 | Activity

reelygood1 started the topic Mobile Home Granny Flat Relocatable Cabin 9 Metres Towable in the forum Buy, Swap & Sell

Sun, 12 Mar 2017 06:36:42 +0000

Hi Guys and Gals,
I have a 3 year old relocatable home in excellent condition for sale in Brisbane if anyone is interested.
It would rent out for $150 a week easy if you have room on your property.

Do the sums, borrow $45k at say 5% on existing house = $2250 a year

Rent at $150 a week = $7800 a year

You can see it on Gumtree…[Read more]

reelygood1 replied to the topic House of our dreams help in the forum No Subject

Mon, 20 Nov 2006 09:19:46 +0000

Hi Duckster,
Yes that was another idea that crossed my mind. Never done an option agreement before. Anyone care to enlighten me?

Don

djr

reelygood1 replied to the topic Mount Isa has more good news for investors in the forum General Property

Wed, 08 Nov 2006 00:18:11 +0000

Here is the article from Townsville paper http://townsvillebulletin.news.com.au/common/story_page/0,7034,20712087%255E14790,00.html

Don

djr

reelygood1 replied to the topic Mount Isa has more good news for investors in the forum General Property

Mon, 06 Nov 2006 10:28:31 +0000

Hi all.
More good news, Xstrata annouced today its spending $38 million on a new power station in Mount Isa for its expansion plans.
As one famous Australian said I’m Excited.

Don

djr

reelygood1 replied to the topic Ice Caps melt by 2015!.. Will your town flood? in the forum No Subject

Fri, 03 Nov 2006 01:22:16 +0000

Hi Blogs,
I hope you are right, but isn’t prevention better than finding out when its too late. I would hate to think our children and grandchildren would look upon us as the ones that sat back and did nothing about it. If the weather is going crazy due to global warming, its not going to get fixed overnight, if we all do our bit together, even if…[Read more]

reelygood1 replied to the topic Ice Caps melt by 2015!.. Will your town flood? in the forum No Subject

Thu, 02 Nov 2006 09:55:17 +0000

Hi,
The debate on whether the world temperature is rising has been answered for me anyway, I have a holiday house on an island off the coast of Brisbane and for the last 25 years I have been going to my house every holidays.
Summer can get hot and the nights very rarely use to be a problem sleeping, the last 5 years summers would have to have been…[Read more]

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum No Subject

Sat, 21 Oct 2006 23:29:49 +0000

Hi Dom,
Good news on new mine to open, had not heard of that one. I had a look at mining company Summits web site and had an interesting read as to what will happen once it gets the go ahead for urainium
mining 40klm outside Mount Isa. 600 jobs to be created, 600 million to be spent, 10-25 year mine life, company will source as much labour and…[Read more]

reelygood1 replied to the topic Government owned property next door in the forum Creative Investing

Fri, 20 Oct 2006 21:38:26 +0000

Hi Jenny,
I have 1000sqm with 2 bed house on it, Council have 470sqm and I will be reconfiguring the boundaries so I will end up with 1000sqm with no house and 470 sqm with house. The only thing I have to move is some small sheds and cloths line. I will sell the house first to release some cash and then build on the block of land before selling…[Read more]

reelygood1 replied to the topic Government owned property next door in the forum Creative Investing

Fri, 20 Oct 2006 11:33:00 +0000

Hi Jenny,
Offer was in writting, was rejected first time as too low and after some hagling and new offer was accepted next time. Still has to go to next level as we are talking Govt here, nothing gets decided until the bloke in charge has the final say. I bought property in March and have been told its still going through and will have the final…[Read more]

reelygood1 replied to the topic Government owned property next door in the forum Creative Investing

Fri, 20 Oct 2006 10:35:14 +0000

Hi Jenny1,
I am just in the process of buying some land of the City Council, only thing is most Govt departments will not sell to just anyone, even if you are the neighbour. They will sell it by either tender or auction, in my case they could only sell it to me as it had no road frontage, no other neighbours and was no use to them. Still took 6…[Read more]

reelygood1 replied to the topic New Super Contribution Rules 1/7/07 in the forum Legal & Accounting

Thu, 19 Oct 2006 10:09:25 +0000

Hi Richard,
Thanks for clearing that up for me, do you know if the $450K can be paid after 1/7/07 as once only payment in the 3 year period or does it have to be 150K per year? I will be playing squash with my accountant tomorrow, but may as well find out from you. Like most busy accountants, I usually find out more when we play squash, can never…[Read more]

reelygood1 replied to the topic $75K in five months in the forum General Property

Wed, 11 Oct 2006 09:59:32 +0000

Hi Zen1,
The 360k unit is in the first high rise ever built in Deception Bay with 180 degree views of Moreton Bay on the water front, seems okay so far, have not seen contract with what inclusions are. $1000 deposit so far and refundable if i don’t go ahead with contract, suppose to start soon. The developer has proposed retail and picture theater…[Read more]

reelygood1 replied to the topic $75K in five months in the forum General Property

Wed, 11 Oct 2006 09:55:58 +0000

reelygood1 replied to the topic Norseman in the forum General Property

Sat, 07 Oct 2006 07:43:27 +0000

Hi,
I can remember going through Norseman in 1991 and stayed for week as my wife and I were travelling Australia at the time and me being a carpenter got a weeks work in town, could have got more as town had no builder, but I have to admit, we couldn’t wait to go to Esperence.
Town was in the doldrums then and I couldn’t believe how cheap the…[Read more]

reelygood1 replied to the topic $75K in five months in the forum General Property

Tue, 19 Sep 2006 08:27:34 +0000

Hi Tony,
Okay let us know where you made the dosh??? No specifics, just the city, suburb, steet. I have just put a deposit on a 3 bed unit with 180 degree views of bay myself at Deception Bay for $360k, hoping to do the same within next 12 months.
Don

djr

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Sat, 16 Sep 2006 04:11:24 +0000

Hi All,
Found out yesterday from a mate of mine in Isa, Woolworths bought a caravan park near town for 8 million dollars, going to build a big shopping centre on the land I believe, good news keeps coming from Isa and have a look at the property prices of late on realestate.com.au, seem to be shooting up a lot lately, agents say its changing by…[Read more]

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Thu, 14 Sep 2006 23:09:21 +0000

Hi Dom,
Yep that correct, they looked like new inside and had 1000sqm of land. 2 beds like new can get that sort of money, another agent told me a house sold for $800k in Isa recently, thats got to be a record and Ray White had their first rental listing in 4 months the other day and had 15 applicants, made news in the local paper. First of new…[Read more]

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Thu, 14 Sep 2006 21:05:09 +0000

Hi Guys,
I saw a duplex in Mount Isa just listed on internet 2 weeks ago and rang agent straight away as it was listed for $295k and was renovated bringing in $560.00 a week. First to ring was me and offered $290K, agent rings back in the next hour and says they have had multiple offers, whats your highest offer, so I offer full price and and was…[Read more]

reelygood1 replied to the topic Claiming unregistered land, any info is helpful??? in the forum Legal & Accounting

Tue, 05 Sep 2006 12:00:34 +0000

Hi Istreet,
Can be done and has been done under adverse possession on some very valuable land, risky if owner or benificeries are aware, laws are different from state to state. Qld is 30 years and you have to treat it as if you owned it. Best place to look is arrears of rates auction with council, was more common years ago in Qld as it was 12…[Read more]

reelygood1 replied to the topic Urine & Pet smell in floorboards in the forum Value Adding

Sat, 26 Aug 2006 08:34:46 +0000

Hi,
Company in Brisbane selling a product called salt-x has a product you need for pet smells http://www.salt-x.com.au/technotes.html
I remember seeing it and thought what a great idea.

Don

djr

reelygood1 replied to the topic Mount Isa 25 blocks sold in one hour, WA look out in the forum General Property

Wed, 23 Aug 2006 22:06:34 +0000

Hi Kevin,
Thanks for the reply, I happen to be talking to Isa Council that afternoon of auction and one of the staff told me in a conversation, so it was fresh news.
WOW 5 year leases is amazing, I have approval to build a 2 bed duplex in Isa at the moment in West st, currently subdividing the block before I make a decision on building or selling…[Read more]

reelygood1 replied to the topic Perth BOOM in the forum Help Needed!

Wed, 23 Aug 2006 00:00:48 +0000

I am a great believer in taking a profit, especially if you have returns as you stated. Everytime i have sold, the person has payed way too much for property and they would show a negitive return if they had to sell today. I am no expert in predicting the top of the cycle, Perth second most expensive city for housing is amazing, everything is…[Read more]

reelygood1 replied to the topic Mount Isa 25 blocks sold in one hour, WA look out in the forum General Property

Tue, 22 Aug 2006 12:03:44 +0000

Hi Kevin,
Hows that for a small world, thanks for clarifying the number of blocks, hope you have some tradesman up your sleeve, as getting anything done in Isa for a fair price is a problem i am finding.
Have 3 IP in Isa myself and having one subdivided at the moment for duplex that has been approved.
Would love to hear your past experience in WA…[Read more]

reelygood1 replied to the topic Helping investors to generate positive cash flow in the forum Creative Investing

Wed, 16 Aug 2006 09:38:53 +0000

Hi Xenia,
You may want to check your web site for spelling mistakes before paying for it, investors on your “Our Company ” page is not spelt right. I enjoyed reading your history of investing, well done and good luck with your business.

Don

djr

reelygood1 replied to the topic 5 Tips For Buying Govt.Seized Real Estate in the forum Creative Investing

Tue, 08 Aug 2006 21:42:34 +0000

Hi Gerry,
I think you may be better starting this topic in the overseas deals, looks like you are from overseas?
Don

djr

reelygood1 replied to the topic To those of you who have more than one IP in the forum No Subject

Sun, 06 Aug 2006 07:16:35 +0000

Hi Tara,
ATO has had a ruling on investing in tree farms, all I know is it is 100% tax deductable. We have invested in Great Southern in Western Australia, I believe others are around and the next time I will go for olive farm to diversify. You can contact Great Southern in Perth for the nearest financial advicer in your area.

Don

djr

reelygood1 replied to the topic mining towns in the forum General Property

Sat, 05 Aug 2006 04:12:06 +0000

Hi,
Give Mount Isa a look at, billions of projects in the pipeline and shortage of rental properties, has gone up approx 30% in the last year and no signs of slowing for years. Have properties in Isa and get local daily paper delivered to Brisbane, plus talk to locals. Still some properties with good yield if you look.

Don

djr

reelygood1 replied to the topic Sherlock Holmes required in the forum Help Needed!

Wed, 02 Aug 2006 09:26:41 +0000

Hi,
I would be sniffing for any putrid smells, which explain where the owner is.
No seriously, I would check the council for rate notice and if they are being paid, someone must be collecting mail, try the local post office for clues.

Don

djr

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Wed, 19 Jul 2006 21:39:08 +0000

Hi Dom,
Pm sent.
Don

djr

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Wed, 19 Jul 2006 09:11:49 +0000

Hi Dom,
Arranging sale of 2 properties after subdivision for $655K to tenants in the next couple of months, hoping to move onto duplex project in Isa after that which has been approved on another property we have. How is your project going in Isa? First house has started in the new estate.
Don

djr

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Tue, 18 Jul 2006 21:37:36 +0000

Hi Dom,
Have to agree its going gang busters, I get the local paper delivered to Brisbane so as to keep up to date with local news. So much is happening in the area, I can’t see it slowing down for a long time. I had one of our properties valued last month we bought a year ago for $400k , valuation from bank $600k, rents are rising also.
Don

djr

reelygood1 replied to the topic To those of you who have more than one IP in the forum No Subject

Sat, 08 Jul 2006 23:24:18 +0000

Hi,
My wife and I have different strategy, at the moment have 4 investment properties and we buy to develop more equity.
Once I have subdivided or built, I sell. Most of the time I use banks money against our home, we like to keep our profits as a safety net. I think the first property we bought we had a conbined income of $40,000 and our out of…[Read more]

reelygood1 replied to the topic good accountant?? - brisbane in the forum No Subject

Thu, 06 Jul 2006 10:45:08 +0000

Give Chris Costanzo a call at MTA at Mount Gravatt 33492066, I have used him for over 15 years and he is a good friend of mine. Has over 14000 clients and is a very busy this time of year, you would have to book a time with him at the moment, he has other accountants working for him, but I would wait to see him. He is a property investor himself.

Don

djr

reelygood1 replied to the topic Property Investment via Super Fund in the forum General Property

Sun, 25 Jun 2006 00:57:00 +0000

Hi,
We have our own super fund and it has not held us back from investing in property, you can go partners with your super fund to buy property or if you have enough super, buy a property outright. You cannot borrow with your super fund and all super funds are checked by accountant yearly to make sure you are complying with rules. We have used our…[Read more]

reelygood1 replied to the topic Mislead by Financial advisors who stole my propert in the forum General Property

Sat, 24 Jun 2006 07:22:44 +0000

Hi,
I would approach the media about this and try and flush the low life’s out, I have to ask , did you sign the bridging loan contract? Obviously you were not made aware of the interest rate, I would also be seeking legal advice. All I can say is don’t give up fighting.
Don

djr

reelygood1 replied to the topic MOUNT ISA RESOURCE BOOM SPELLS PROPERTY BOOM in the forum General Property

Thu, 25 May 2006 21:13:55 +0000

Hi Bruham,
Just made an offer on another property in Isa, should know today, did read that article myself, their is so much going on in Isa, can’t see any downside. We had one of our properties in Isa valued last month which we bought 8 months ago for $165,000, bank valuation $210,000. Vacancy rates are nil.
Don

djr

reelygood1 replied to the topic Tasmania in the forum General Property

Tue, 25 Apr 2006 07:16:21 +0000

Hi Markk,
I was looking at Zeehan myself, due to the fact a nickle mine just got the go ahead last week, 200 jobs will be created and 8-10 year life of mine, never got past looking, I have 7 properties now, just bought one last week and the other half is telling me to calm down. I have not done any DD on the how many rentals are available, 700…[Read more]

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Tue, 25 Apr 2006 04:16:10 +0000

Hi Salacious,
Some info for yourself and anyone else thinking of buying in Mount Isa, a 3 bedroom house in good condition is now renting for $280.00 – $300.00 a week, I know this because I keep in contact with my property manager.
Mount Isa City Council just sold first stage of housing block development $50,000-$90,000 each, i believe in one day,…[Read more]

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Tue, 25 Apr 2006 04:15:09 +0000

reelygood1 replied to the topic Transportable homes in the forum Value Adding

Tue, 25 Apr 2006 04:00:15 +0000

Hi KP,
Your a lot ahead of me in that I have’nt done anything because of waiting for approval in my DA with town planner and council, yours is a straight out building application for the building section. I did have some prices on transportable homes from a company in northern NSW that were very competative and from memory was around $9000.00…[Read more]

reelygood1 replied to the topic Transportable homes in the forum Value Adding

Mon, 24 Apr 2006 23:15:33 +0000

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]

reelygood1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed!

Sat, 22 Apr 2006 22:39:58 +0000

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

Don

djr

reelygood1 replied to the topic Transportable homes in the forum Value Adding

Sat, 22 Apr 2006 22:33:07 +0000

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]

reelygood1 replied to the topic Owner Seller in the forum General Property

Sun, 27 Nov 2005 05:26:45 +0000

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

Don

djr

reelygood1 replied to the topic Agent tells me he is going to buy property in the forum General Property

Fri, 18 Nov 2005 11:52:23 +0000

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

reelygood1 replied to the topic Agent tells me he is going to buy property in the forum General Property

Wed, 16 Nov 2005 01:13:45 +0000

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]

reelygood1 replied to the topic Vacant Posession - Any Knowledge anyone? in the forum Help Needed!

Sun, 13 Nov 2005 09:05:22 +0000

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]

reelygood1 replied to the topic Should I build a duplex in Mount Isa in the forum Help Needed!

Thu, 10 Nov 2005 12:34:07 +0000

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]

reelygood1 replied to the topic Investing in Mining Towns in the forum Help Needed!

Sat, 29 Oct 2005 23:05:53 +0000

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

djr

reelygood1 replied to the topic Investing in Mining Towns in the forum Help Needed!

Thu, 27 Oct 2005 08:05:52 +0000

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]