Recent content by citystar

  1. C

    Development Feasibility Spreadsheet Template

    Thanks for the spreadsheet.
  2. C

    What paid resources do you use?

    I subscribe to pricefinder.
  3. C

    Would you ever buy an IP worth more than your PPOR?

    Sure if the numbers ticked all the boxes: positively geared and potential/expected capital growth in the short term I would jump at the chance. However my IP's have all been cheap places that have needed a good reno to increase rental return and add value.
  4. C

    Do you know your neighbours names?

    I do not know the names of my neighbours however we are on good terms with each other.
  5. C

    Have you ever paid over asking price?

    Never paid asking price before however I focus on places that are in need of a quick or sometimes full renovation so there is always room to move on the sales price.
  6. C

    Why do you Invest in Property?

    Passive income from rent is the end goal to provide freedom from relying on salary income. Do not want to be reliant on the pension or super for retirement/living expenses.
  7. C

    Seems like rates will stay at record low for longer than we predict

    I won't pretend to understand how and what affects interest rate changes however I am loving the low rates at the moment. As a child I remember Mum & Dad were paying over 18% on the home loan and it was a struggle for all of us.
  8. C

    Coronis Real Estate Agents asking for Veda Check before submitting offers

    First option would be to refuse, if that meant losing a great deal I'd simply get them to punch my name into RPData/Pricefinder and show to them how many investment properties I own and the cash flow associated with that. If that didn't satisfy them, I'd shrug my shoulders and walk away.
  9. C

    Any one on SS renovates for profit?

    The renovation cost and quality of the finish would differ if I was planning on selling compared to renting so the figures stacking up would not be consistent to comment on. I would still make a profit however that would be from purchasing well below market value as the properties needed a lot...
  10. C

    Any one on SS renovates for profit?

    I focus on buying neglected properties so the reno after purchase is to prepare it for rent and also increase the rental amount above what it was achieving before. Plus to increase the value of the property for reval and access of equity for the next purchase.
  11. C

    How do you qualify a future Son in Law..

    Typical procedures. Freedom of Information claim against their employer and Medicare for employment/health records; FOI against Australian Federal Police for their mobile phone and banking records. Magnetic GPS tracker underneath their car. This is before the hair sample to test for drugs and...
  12. C

    Investing in shipping containers

    I've seen some amazing properties designed from shipping containers. Chop, cut, wield them together for amazing results. That would be a good investment if you had a shipping container friendly architect. However I don't think the article referred to below is about something like this so I will...
  13. C

    Paying cash for tradies

    No tax invoice, no payment. Simple as that. And once you have given me a valid tax invoice I pay immediately via EFT. No messing around with cheques that bounce. Don't like it, want cash in the hand, don't want your business, nothing personal.
  14. C

    Sell vs 'never' selling

    I'm in the 'never sell' mindet at the moment. Never received any crazy offers from anyone to purchase my IP's. When I want to release equity it's a reval and new loan doc with the bank to avoid stamp duty, legal fees, REA commission, tax implications, etc. Still early in my acqusition phase of...
Back
Top