Recent content by Mike8t1

Ok Paul thanks. Will do

Hi Fourumites, My NRMA insurance is about to lapse and i am on the lookout for a new insurance provider. I had to make a loss of rent claim under NRMA and it was a nightmare and yeilds very little benefit after excess and so on. How does everyone else insure themselves, and who with? Do i...

Thanks for the thoughts folks. Where else would you spend 300k in Bris should you have the chance? Thanks Michael

Hi everyone I am about to go unconditional on a 3 bedroom townhouse in Slacks Creek, south of Brissy and i am ready to start looking for the next one. Like many sydney investors i have a bit of equity in hand, and am looking for 300k or so purchase as my max purchase price. I am trying to...

Thanks for the feedback guys! As i had not been in this situation beforehand, my question was aiming to get answers from investors who have been in the same boat and steered it safely to a win win for themselves and other parties involved. Im not out to rip anyone off as i am happy with...

Hello Somersofters I have just received a flawed pest and building on a property in QLD which i have under contract. We are still in cooling off and found that there is water stains on a few of the ceilings throughout. Also there are cracked tiles on the bathroom floor which worried me that...

Ah yes I see. I knew that concept but not in those terms. Thanks for the info Cheers Michael

Cheers Jamie for the response. Currently my broker has helped me spread my exposure across a number of lenders, same goes for the upcoming purchases Thanks for the reply Rolf. I know what you are saying in terms of other peoples opinions not mattering but i posed the question as up until...

Hi all I'm still in the acquisition phase of building my portfolio. I have turned my focus to cash flow neutral/positive properties with good CG prospects in Brissy for my next puchases. My question is what would you do? I have access to $122k when leveraging IP 1 at 90% or $71k at 80% I have...

You have got to start somewhere i guess! Also this is why i ask questions of like minded and more experienced investors like you guys. Thanks for the feedback Michael

OK so after doing some research on price finder it seems that the past 4 sales of properties with the same land size and 3/1 configuration have been between $270k and $295k, all of which have been in the past 2mths 1 has 2 car garage All have poorer finishes as the house I am looking at has...

Thanks everyone for the great feedback. I will take it all on board and update this thread with the goings on Cheers guys Michael

Thanks for the feedback folks. Much appreciated! More questions are to come im sure haha cheers Michael

A quick question for the previous posters. How do PM charge for a service like this? Cheers Michael

Thanks spludgey as you just answered a question I had about making an offer. I have a contract to read but was simply going to submit my offer via email Cheers Michael