All Topics / Help Needed! / Dazzling – Bring your bucket !!

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of AmandaBSAmandaBS
    Participant
    @amandabs
    Join Date: 2005
    Post Count: 549

    Just signed a contract on a reno job. Very cute on the outside but the inside…what a mess. Dazzling what are you doing over Easter ? Bring your spade, boots and bucket !!

    http://www.realestate.com.au/cgi-bin/rsearch?a=o&s=qld&c=59712679&tm=1138053191&id=102935571&f=0&p=10&t=res&ty=&snf=rbs&ag=&cu=&fmt=&header=

    This house was listed on Thursday for $125000 not much more than land value. (Land $120, Double Shed $5, House “Free”)
    We know our values and snapped it up for full price with an extended settlement to suit us. We always love a bargain and usually offer far less than asking but sometimes you’ve got to pay the asking to secure the deal!

    Amanda
    “It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

    Profile photo of DazzlingDazzling
    Member
    @dazzling
    Join Date: 2005
    Post Count: 1,150
    Dazzling what are you doing over Easter ? Bring your spade, boots and bucket !!

    Hiya Amanda,

    Ummm, won’t be in the country unfortunately, so you’ll have to get clones to help muck in for you. I’ve found for really skanky houses, you really can’t go past the steel rake and finish up with a good stiff broom. How do you optimise rubbish management with a job like that. Do you go the skip bin / trailer it yourself to the tip or slowly chip away at in the weekly wheelie bin, or something else ???

    This house was listed on Thursday for $125000 not much more than land value. (Land $120, Double Shed $5, House “Free”)
    [/quote]

    Great stuff…..96% land content with a rentable dwelling – nice one. That beats my best of only 93%. See if you can make it cashflow positive and then you’ll be cooking on gas. What time / spend have you allocated to fix it up and what end rent / sale price do you expect when you are finished ??

    Profile photo of AmandaBSAmandaBS
    Participant
    @amandabs
    Join Date: 2005
    Post Count: 549

    A shame you can’t help us out !!
    We’ve got another reno to squeeze in first. This one settles April but should knock it over in around 3 months ready for listing in July.
    Only a small 2 bed workers cottage but should reach $190K+
    Great to have you back on the forum. When do you leave again ?

    Amanda
    “It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.