Hi Sonya, evaporative airconditioners are a very poor form of airconditioning. They rely on low humidity to work efficiently, when humidity is high the water does not evaporate and so you have little or no cooling. If your neighbour has the same type and it is working OK then yours is faulty, if they have a compressor driven unit then it could be…[Read more]
Hi Kir, your own home loan does not go up, you can borrow the full amount for the investment property but it will be secured against your own home since that is where you have your equity. Have a talk to a mortgage broker in your area, it will not cost you anything and they can explain how it all works. Cheers.
Hi guys, I havnt been online for some time, been busy demolishing an old caravan park to build houses. Be aware that demolition costs can skyrocket if you have say a asbestos roof as was the case with mine. Also dumping costs for waste concrete can also be pretty high, good luck.
Hi all ! Maitland (in the Hunter Valley)
Home of Steamfest, 20 minutes to the beach, close to the vineyards,45 minutes to major coal mines,90 minutes to Sydney, major shopping, new home to the Department Of Mineral Resources (under construction), new home to Caterpillar (site fast-tracked to be completed in the first half of 04), more industrial…[Read more]
A lot of positive cash flow properties ive seen are the ugly ducklings,or have something about them keeping the price down.
Excluding position i think you just have to have enough vision to see how you can make the property more desirable.
Dont forget you can also improve your current returns..E.G. Ihave a 2 bed. unit i was getting $110.00 PW for.…[Read more]
Boomerang beach, Pacific Palms, 2 bed. unit, absolute beachfront with views to match! Looked at buying it in 2000 for 220000, decided against because of low yeild. It has just come back on the market at $750000!! Rocket.
1. My parents went on the old age pension..Needless to say they dont live a flambouant lifestyle.
2. I have accumulated 2 houses, a block of 3 * 2 bed. units, and i just bought an old run down caravan park (still has income) sitting on 7 torrens titled blocks which i want to develop into 12 * 3 bed. townhouses. This has taken 3 years and boosted…[Read more]
thanks shaun, appreciate the comments. i susspected the figures may have been slightly loaded, will check the figures out myself.im not interested in negative gearing at all! been there done that!just interested in passive income these days. anyway thanks again…Rocket.