Recent content by Michael_X

Does anyone have good recommendations for property managers in Toukley? Haven't been happen with the current one my parents use, and looking to move on. Any recommendations would be awesome! Thanks, Michael

I use Investar. Don't use the property search engine much these days but did when I first started. It's good to get to know an area but once you know the area don't really need it. Now I use mostly the valuation tool. All the information you can get from free websites but it just summarises...

In, looking forward to it! Thanks for organising Skater :)

Hi ej89, Capital wise approximately 12% of purchase costs, most of the loans were at this LVR apart from the renovations at 20% When I first started, I was on $70,000 and finished at $85,000. In saying that, I am still paying HECs so the actual lend is somewhat less than this...

Hi Tyrone! Good to see you found Somersoft :) I can share the cashflow on my first Brisbane purchase. This was a generic high set with shower and utility room downstairs. Suburb - Slacks Creek Purchase Price - $280,000 (May 2014) Income Rent - $19,240 ($370 per week) Expenses Council &...

Go Steven! Great segment :) Next stop Hollywood?

Congrats Sana and Mona :) Luckily I got a signed copy over lunch yesterday hehehe

Thanks MFlying. Almost there - can see the light shining brightly at the end of the tunnel, will update once I reach that goal. Hoping one day can replicate your success in property developing :) Cheers, Michael

Thanks for organising Skater :) The biggest turn out I have been to! Great meeting everyone tonight!

It is actually madness. My window looks directly onto where Stamford use to be. Let's just say the air & noise pollution haven't been fun. Spending more time at my parents place these days......

Hi Zubs, I live on Herring Rd, the older units next to the Stamford. You can still get older 2 bedroom stock for around $650k in Macquarie Park. My only concern is the yield. You generally get around $470 rent which isn't great, a gross yield of 3.8%. Before you jump in on the newer units...

Congrats on the purchase JT87! Look forward to hearing the juicy yield once the renovation is completed :)

This is an excellent buy. Good location and good price. You will do very well from this in years to come :) Well done!

Congrats Wombat777! Make the decision to do something, 11 weeks later - done! Excellent :)

Second Rowena. Bought from her twice, it wasn't fun negotiating with her.