Total Members: 158,194

tom123

  • tom123 replied to the topic New Metal Roof – My Chippy/builder wants to do… Thoughts in the forum Value Adding 9 years, 8 months ago

    in victoria how ever roofing is a licensed trade.

  • tom123 replied to the topic New Metal Roof – My Chippy/builder wants to do… Thoughts in the forum Value Adding 9 years, 8 months ago

    in Queensland anyone can get a ABN and advertise in the paper / start up a roofing company. it is not a protected (licensed) trade like a plumber / electrician

    same as a chipper, cabinet maker, tiler and so on.

  • tom123 replied to the topic Wallan or Kilmore, Vic in the forum Help Needed! 9 years, 8 months ago

    all i could find is this link

    http://www.yourinvestmentpropertymag.com.au/news/mortgage-delinquency-on-the-rise-in-victoria-189535.aspx

    wallan has a 30+ days delinquency rate 3.5% could be some good deals.

    I also have looked in both. I’m going to kilmore next weekend.

    how come you want to invest in a country town / rural area?

  • tom123 replied to the topic Buyers advocates? in the forum Help Needed! 9 years, 9 months ago

    why do you want to buy interstate? why not outer melbourne area? for cashflow ?

  • tom123 replied to the topic granny flats in victoria in the forum General Property 9 years, 9 months ago

    very valuable information, Thanks a lot Mike for your comment!

  • tom123 replied to the topic Installing a heater at the tenants request….. in the forum Help Needed! 9 years, 9 months ago

    pretty tenant is aware that there isn’t a heater before they sign the tenancy agreement, thus meaning they should pay..

    better outcome would be to get them to resign a 12 month lease at 20 dollars extra a week and you buy it. / they buy a cheap oil one.

  • tom123 replied to the topic New Metal Roof – My Chippy/builder wants to do… Thoughts in the forum Value Adding 9 years, 9 months ago

    It’s not a licensed trade*

  • tom123 replied to the topic New Metal Roof – My Chippy/builder wants to do… Thoughts in the forum Value Adding 9 years, 9 months ago

    Yes i’m sure.

    in Queensland, individuals and companies must hold a QBCC licence to carry out:

    any building work valued over $3,300
    building work valued over $1,100 where it involves Hydraulic Services Design
    building work of any value where it involves:
    Drainage
    Plumbing and Drainage
    Gas Fitting
    Termite Management – Chemical
    Fire P…[Read more]

  • tom123 replied to the topic Leap Frogging in the forum General Property 9 years, 9 months ago

    your going to sell for a 1% more capital gain? that isn’t even guaranteed. i suggest not selling.

  • tom123 replied to the topic 100-250k properties in the forum Finance 9 years, 9 months ago

    Interesting, How will you know if the bank will go of a desk top valuation or send a valuer? when you enquire they will tell you then i guess?

  • tom123 started the topic 100-250k properties in the forum Finance 9 years, 9 months ago

    will banks allow you to take equity out of a property valued in the 100-250k range by just going of their desk top valuation or would they actually send a valuer out there? (to show that there is equity in the property)

    I have a friend who works at combank and he says this is the case for lower valued properties.

    thoughts / experiences anyone?

  • tom123 replied to the topic My Latest Reno in the forum Value Adding 9 years, 9 months ago

    what do you look for when you look at the stumps to see if they need to be re stumped? will the beam thats sitting on it be bowed?

  • tom123 replied to the topic Can I have two PPOR's in the forum Legal & Accounting 9 years, 9 months ago

    ask the vendor for the next PPOR you buy to have a longer 3 – 6 months settlement (i’m in vic not sure if you can do this in qld and pay stamp duty afterwards) buy on a lease option for 3 months – 1 year.

    see a accountant… haha

  • tom123 replied to the topic My Latest Reno in the forum Value Adding 9 years, 9 months ago

    whats involved in doing it? like how do you actually do it haha. and how long did it take you to do 50 stumps?

    also when looking through the property how would you know all 50 stumps have to be replaced? or do you just rely on the builders report?

  • tom123 replied to the topic New Metal Roof – My Chippy/builder wants to do… Thoughts in the forum Value Adding 9 years, 9 months ago

    make sure he buys colorbond roof sheets!

  • tom123 replied to the topic New Metal Roof – My Chippy/builder wants to do… Thoughts in the forum Value Adding 9 years, 9 months ago

    in qld its not licensed, I would let him do it but keep an eye on him. and when completed go up their your self and inspect with a friend take a hose and run the water for 5 minutes on each little bit of the roof while your friend is in the roof space checking for leaks (ideally before you pay him)

    for more information you could have a look at…[Read more]

  • tom123 replied to the topic My Latest Reno in the forum Value Adding 9 years, 9 months ago

    jmsrachel,

    How much did it cost to re stump? what was involved? and how long did it take haha

    I’m looking at a place atm that might need a re stump but have no idea how to do it.

    also what do you do for work? are you in the construction industry?

  • tom123 replied to the topic 20% deposits 80% LVR in the forum Finance 9 years, 9 months ago

    thanks guys for your replies, Catalyst 1 how do you expect to buy a property say in sydney or melbourne within a 10km radio from the cbd at todays price. and not have it negatively geared?

    also how do you borrow all the costs? are you just saying your buying below market value so you don’t have to put anything into it?

  • tom123 replied to the topic beginners question in the forum Value Adding 9 years, 9 months ago

    Cheers Andrew for your reply.

    What i mean to say is that i’m not really interested in doing a development deal. i just want to know ball park figures because i was negotiating with the RE agent and the biggest point he had on his side of the negotiation was that the vendor is looking at putting permits in place to advertise for a developer.

    RE…[Read more]

  • tom123 replied to the topic making an offer (for beginners) in the forum General Property 9 years, 9 months ago

    Cheers, Andrew. so you don’t have to write your offer on the contract of sale?

    Also if there was a scenario where i wanted a 12 month delayed settlement but there are tenants living in the property and i wanted to be able to have the rent paid to me instead of the home owner for the 12 months. how would i go about wording that?

    would that just…[Read more]

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tom123

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