wobblysquare replied to the topic Check on complaints against a builder – before engaging them in the forum Value Adding 3 years, 6 months ago
Found it myself…
wobblysquare started the topic Check on complaints against a builder – before engaging them in the forum Value Adding 3 years, 6 months ago
I seem to recall that if you new a builders license # (QLD in this case). That there was a website that would let you check for complaints against a builder. I am looking to engage one – I used to know this website, but have forgotten. Can anyone help.
Thanks in advance.
At some point the banks want you to repay the principal, and this comes into their serviceability calculation. So if you can find, extremely unlikely, or create (more probable) an asset (that the banks will lend against) that returns 10% net+ you should be able to drive your portfolio forward. What will slow you down will be drumming up the 20-30%…[Read more]
Income = 6500.
1856 – rates
1000 – insurance
1200 – repairs
So net income = 2444.
Giving an income of 2444, for 30000 outlay, or 8.14% net.
Not bad. The questions then all relate to
1) vacancy rates (rental demand)
2) tenant hassles (low socio-economic)
3) likelihood of employment in the area increasing….or alternatively retiree…[Read more]
Why are you buying? Do you want / need capital growth? Or are you in a position where it is in fact only the income component you are after and any capital appreciation would be a bonus or irrelevant (as you wont sell regardless).
It doesn’t sound as though you are sure of all of the costs, make sure you have ALL of the info before making a…[Read more]
wobblysquare replied to the topic renegotiating after the pest and building inspection in the forum Help Needed! 5 years, 3 months ago
wouldnt hurt to ask for a quote, from termite company. Then ALL can be assured it is 5k and not 8k or what ever. Also be a more transparent bargaining chit (subject to competition notes made previously)
1-bedders have a limited market….that said, this market may well increase as all the baby boomers retire…but 1-bedders will always be at the bottom of the market. A two-bedder is so much more versatile and appeals to a much wider target market.
1) Comparative sales (is it over-priced compared to other sales of the same…[Read more]
Play conservatively for a while…
If not already, convert all loans to interest only with an offset account. As much as possible use offset account to save into. Save like mad and sit tight while learning more about property investing. You do not want to be a forced seller !! While you maybe ok at the moment, with interest rates at an all time…[Read more]
Selling land at the moment is tough (in most places). You should run the numbers on building on your block. The final product will appeal to more, and you can rent it out if need be….assuming there is at least some demand for property where your land is.
Have to talk to a good Commercial real estate lawyer…but
1) you wont make money until you put a tenant in
2) you will pay GST unless a going concern.
So optimally would like to try and sign up subject to being able to find and place a tenant in the property prior to settlement. So that it settles as a going concern.
I'd love to know how to do…[Read more]
my understanding is that CBA (and others) will lend to a trust – BUT they no longer accept a servicability gaurantor. Meaning that my income is irrelevant, and only the trusts income is considered.
Hence the question
If it is an investment then dont get emotionally attached. If you have worked out what you think is fair market value then offer that. If they refuse walk away. There are 1000's of investment oppurtunities at the moment. If it is a home for you to live in then other factors come into play ie emotion.
wobblysquare replied to the topic Amazing tiler in Perth + other tradie recommendations in the forum Value Adding 6 years, 6 months ago
Fantastic thread idea !! I am on Gold Coast -but would not invest there!! Maybe Perth one day…
If you dont ask the answer is automatically no !! A lot of developers pay 20-30k to there marketing agents when they get a sale….so by all means ask. Nothing ventured nothing gained.
Or even some spots in Logan, or Toowoomba
Or west sydney – with Granny falt
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