I'm sure there is a valuer or 2 on this site that will confirm this but working in the "industry" myself I can confirm valuers cannot use comparable sales unless the property has settled. They will not look at exchanged sales when looking at comparable sales.
Take a look around the Brisbane CBD area and look at the cranes in the sky all building OTP properties. These will all be due for completion in the next 12-18 months so ask yourself what will make you unit so unique from all the others being built?
I'm sure the glossy brochure shows you will...
Well done on your journey so far. You mentioned most of your purchasers have been distressed sales. How did you manage to get those properties? Was it through your own research of did RE agents contact you when they became available?
How many of those Logan purchasers were purchased sight...
Hi Matt, what strong investment is planned for Orange? The Cadia mine is winding back workers and I know another big retail store in Orange has recently closed or is closing (can't recall the name my agent said).
Would love to know your thoughts on the investment planned and long term...
Nice work. Looks good. How long did it take to complete and do you know what your rent increase and equity gain is/was after this was completed?
Cheers
I agree. I work for a bank I dont see the fixed rates going any lower. You may have a couple of 2nd tier lenders reduce slightly but I think we are at the bottom of the cycle now for fixed rates.
Might be a time to consider fixing in a portion of your loan depending on your strategy but I...
Morning All,
Im looking to do some non structural renovations like new kitchen, paint, new flooring and built ins on my Perth unit. Im currently receiving good rent and given the higher vacancy rates currently in Perth Im reluctant to move my tenant on to do this.
Just seeking advice on if...
I went up north a few weeks ago. I had my partner with me so did open homes on the Saturday and came home Sunday. Having said that you can easily do just 1 day if you plan areas you want to visit and homes to inspect. We stayed at the Meriton apartments on Herschel Street. New and only like $110...
Great read guys and has definitely opened my eyes to this strategy.
Your last paragraph Vixs...... I didn't think this could be done but reading this article and the link El Caballo posted (similar topic in 2010) it looks like the LOC can be used to pay all investment expenses and interest on...
Hi Guys,
Looking to replace the kitchen, flooring and tiles for my investment property in Perth. Ive had a quote from 1 company but seeing if anyone here can recommend a good company or a builder so I can compare prices as the price quoted seems a little excessive.
Cheers
Hi there,
I currently have a LOC secured against a couple of investment loans and was thinking of using funds from this to purchase shares. Just wanted confirmation that these funds are tax deductible given they are being used for investment purposes?
Cheers