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The problem is when you give up work you get that better home and car and then have to work again to relace the investments spent

i would ask a plumber first to find out approx cost then the body corp

Back in the 90s the rent was 10% + now its 5 or less in melbourne the times when rents go up is when interest rates go up and people slow buying there own houses so rental demand goes up. Be conservative in your plan and then you can only get a nice suprise.

ring council and tell them you need to contact the owner at ???? as they need to fix a fence ect. then ring the owner and ask them if they have any plans or are willing to sell its the best way to get a true idea of there intentions and the council due to privercy regs will not want to give...

zoning can be changed by council but i have never heard of camping only zoning which state is it in? try the land office web site in that state EG http://www.doi.vic.gov.au/ and see what that tells you

so true duncan-m and give your self a small reward for being on track by braking the master plan down to small monthly goals its the only way to get there on time and keep you motivated.

I looked at rentmaster it was quite good but had no invoice or log so i whent back to quicken it get it done and is simple.

Well iconcider my self semi retired due to the fact I no longer work full time (now thats funny I am busy for 60+ hours per week) why do I say this? I spend most days with my kids and wife and i love seeing the kids growing up there 2- 5 and 6 so why am i so busy from the time I get up till i go...

Bleach but if your renting I would get the landlord to get it cleaned as there would be an underlying problem with ventaltion. and if you use bleach dont let it get on the carpet ect or it will be stuffed.

you say she is a student how did she get the place? was it for a uni notice bord if so there is no law on accomadtion from a uni. here it only has to have come from a uni but not from say share accomation then you must go by rooming house rules.

As youdont own the property yet (due to privacy) to ask councl you will need a letter from the owner to look at the plans and then you will soon find out if its got a permit or not.

well for me to get a positive cash flow in melbourne I buy big 5+ bedroom houses and turn them into rooming houses to get a gross return of over 12% to get good returns you must improve the property and do it diferent to others. and run it like a business.

I agree with both Bundy64 & Brains but it takes you life to build a business where property is fun and a goood form of retirement for less problems but you must still build it and run it like a business to get a return.

Yes it would be nice if you would give ALOT more detal Cad i agree with silas

glen i think you will blow your budget but it would be worth it adaran01 is right its alot of work for 1 month and its better to do it properly the first time (trust me i stuffed up my first reno bath room and it was always a problem since till now i sold it so it can be someone elses problem...

In support of this thread: http://www.somersoft.com/forums/showthread.php?postid=43892#post43892

In support of this thread: http://www.somersoft.com/forums/showthread.php?postid=43891#post43891

I do agree with Diane they give a better return as there cheeper to buy but there also a lot harder to sell and you must sell alot cheeper than even small unit blocks i dont know why but its just the feed back from buyers i have spoken to But i must say i have always got good rent and never...

yer i have two in melbourne you can have Cheep good renters but they dont sell to easy

WHITT thanks but its to late I got one last november my electrician told me never buy a house with the old ceramic fuses as this type of house will need a rewire so take into account 5k for a rewire.