Recent content by melbkid

Gee big results, are they nett results after taking into account stamps, interest incurred etc?? I was hoping to aim around a 25-50k profit after a 12-18 month flip, again depends in the buying but was wanted to get some some experience in doing something on a smaller scale before doing it with...

Melb inner west, Maribynong, Seddon, Kingsville , West Footscray

I a regular reader and minimal poster on this site and have a question: I want to try and buy a run down apartment and flip it within 12-18 months, has anyone had any recent experience with flipping an apartment so soon or is this type of strategy really only limited to houses where there is...

No, no renovation costs at all, My concerns are evidence, costs with invoices and receipts etc, a lot of the renovations were done ourselves, :confused:

Sorry if this sounds silly but.... Let's say I purchased for 500k and I sold for 700k Does that mean 200k divide by 36 x 9 = 50k less 50% meaning I would have to pay 25k straight out or is it a % of the 25k depending on what tax bracket we fall under? It seems I would have been better...

Ok, I've read about CGT numerous times but I was hoping someone could explain our situation clearly 1. Property A ( I'm not sure if this is needed to be noted but more info the better) Have had this investment property for the last 8 years which Is currently positive geared 2. Property B 3...

Has anyone had experience reading into maintenance reports? The block in which the apartment I'm looking at has just recently obtained a report on the block and has given a full expense rundown of what need to be replaced and looked at over the next 20 years of the buildings life. Some of the...

Bentleigh very old area, Love to know average age of residents of the suburb at present compared to 5 years ago. Has been in a knock down phase for a while now, My Grandfathers house is pretty much the last of the older houses in his street, Cant believe the transformation of his street in the...

Also has anyone else on the forum invested in Frankston other than One World, Would also like to hear someone elses experiencee.....

What are your thoughts of Apartments/Unitsn rather than houses in the area? Seems 2 Bed Apartments range anwhere from High 100s to Mid 200s

Our PPOR was originally built in 1890.... Building and Pest inspection a must!! Bought 2 years ago at Auction, I believe we were the only ones that did a Building inspection... I remember at a midweek inspection leading up to Auction I kept highlighting to my wife (amongst another interested...

Yes good point! :)

Looking at long term growth though, hold for 10 years and the decide what to do with the property..... Is that what you mean by solving problems?? I'm not in it to find something where I can flip in short term......

Thanks. To me I minimise my searching to: (Once I'm set on the location) 1. Blocks of less than 12 2. Train Station within 10 Minutes (Obviously looking at Inner City) 3. Street (Not main Road) which has minimal apartment to house ratio 4. Active and well managed Body Corporate 5...

Cheers....