ten_burner replied to the topic Property bust not here yet … worse to come in the forum General Property 10 years, 1 month ago
Notice the date that this thread started, there were also some big calls during the GFC about the (supposed) impact on Australia, an here we are…
ten_burner replied to the topic Bathroom Contact Perth- quotes are ridiculous in the forum Value Adding 10 years, 1 month ago
I have been using unlicensed handy men to do stock standard full bathroom renos between 4-5K & partial bathroom renos for 2K.
ten_burner replied to the topic Bathroom Contact Perth- quotes are ridiculous in the forum Value Adding 10 years, 1 month ago
Try sourcing your own materials & use unlicensed people (except for electrical work) plenty of handymen spent time as trade assists to tilers etc. They work for much less in my experience & I haven't had an issue with the quality of work for stock standard bathrooms etc
ten_burner replied to the topic gladstone expenses in the forum Help Needed! 10 years, 2 months ago
I got a mate who bought a place in Gladstone a few years ago, I spoke to him the other day he said he will have to sell less than he bought it, he can't wait to see the back of it. I flew up there 2 years ago an had a look around, I am glad I didn't buy now. To many new properties built in the last few years created over supply in my…[Read more]
ten_burner replied to the topic Creating a property portfolio in the U.S.A in the forum Overseas Deals 10 years, 2 months ago
@Engelo I am coming to Kansas City mid next month, ill come see you if you around.
ten_burner replied to the topic Creating a property portfolio in the U.S.A in the forum Overseas Deals 10 years, 2 months ago
Unless you are a US citizen or you got a working visa, you can't work (I'm assuming you Australian) you will need to fund yourself, that will eat into your 150K.
ten_burner replied to the topic Serviced Apartment invesments in the forum Help Needed! 10 years, 2 months ago
Management fees are usually quite high.
There is a limited market for them as they are investor driven.
Hard to off load in a good market let alone in a bad one.
Lower LVRs = bigger deposit
I would call them junk investments.. I think there are better places to put money.
ten_burner replied to the topic Family member refusing to leave IP in the forum Legal & Accounting 10 years, 2 months ago
This is why I never let family members rent my places, even if if they got money/ jobs etc.
Most states have emergency housing for situations like your family members are in, some charities provide it:
if you call your state government…[Read more]
ten_burner replied to the topic Locations for cashflow + properties in the forum General Property 10 years, 2 months ago
The Northern Suburbs of Hobart are offering high yields 7-8% plus is achievable, around 10% if you buy the old government housing stuff in the rougher areas however no growth for the foreseeable future down their.
ten_burner replied to the topic Book Review List in the forum Heads Up! 10 years, 2 months ago
A couple of books I read lately about US property investing, I thought they were both really useful.
Investing in US Property: The Foreign Investors Unbiased guide to investing in US property.
By Michael RyanBuying Property in The USA: A Foreign Investor's Guide
By Sam Daniels & Ken Sugiuraten_burner replied to the topic Pros and cons of managing invest properties yourself in the forum General Property 10 years, 2 months ago
It would depend on how many properties you had. I managed 3 for a year & hated it, never again. Maybe if you manage only one and you live nearby it might work.
ten_burner replied to the topic Premium Private Wealth in the forum Help Needed! 10 years, 2 months ago
Peter from Brisbane happens to be where the meeting is located and he signed up today…Suspicious
ten_burner replied to the topic House prices to drop 30%!! Or Will They? in the forum General Property 10 years, 2 months ago
Harry Dent is just trying to promote his new book.
ten_burner replied to the topic US Property Losses “Quarantined” in America? in the forum Legal & Accounting 10 years, 2 months ago
I just started dealing with these guys
ten_burner replied to the topic Steve’s Property Investment course in the forum Help Needed! 10 years, 2 months ago
Been asked before
https://www.propertyinvesting.com/forums/help-needed/4348269
ten_burner replied to the topic Mentor in Sydney in the forum Help Needed! 10 years, 2 months ago
This forum has been the best mentor for me, I have read countless posts I would owe most of what I know about IP from people in these forum posts over the last several years. Its also the best value for money lol
ten_burner replied to the topic Gagebrook, TAS – A more recent snapshot please in the forum Help Needed! 10 years, 3 months ago
Maybe try Claremont, Glenorchy or berridale, better than Gagie, I believe 8% is achievable if you hunt around in these suburbs. it's still a soft market there people will usual move down on price more than they would in other capital cities at the moment due to the economic situation in TAS
ten_burner replied to the topic How do i Find out the age of a property for depreciation? in the forum Help Needed! 10 years, 3 months ago
RP data has that info is the place in Sydney? If it is ill look it up for you. I have subscription for Sydney metro.
just send me a private message with address.ten_burner replied to the topic NRAS national rental affordabiliy scheme in the forum General Property 10 years, 3 months ago
Just wanted to see how the NRAS investors are…[Read more]
ten_burner replied to the topic Gagebrook, TAS – A more recent snapshot please in the forum Help Needed! 10 years, 3 months ago
Hi Melissa,
I owned a place their, its a funny story actually…
Gagie is an old government housing suburb some of the properties are privately owned I believe most are still government housing. I would call it a very low scocio economic area, vacant houses are regularly burnt down, high unemployment, all the people I met their have that usual…[Read more]
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