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  1. 1

    Destroying an investment plan 101

    Hey guys, I've had a pretty comical week, which I thought I'd share. I've spent the last three months evaluating some options for my next investment after spending the previous 6-9 months in another world due to a friend with cancer. Anyways, so I've been saving madly, keeping an eye on...
  2. 1

    Block shapes impact on redevelopment value?

    Hey all, So it's been a while, but after two dislocated knee caps, a broken elbow, my best mate fighting off cancer and my mum being diagnosed with bipolar I'm ready to return my focus to investing. A lot can happen in 18 months! I'd like to know people's thoughts on the following: I'm...
  3. 1

    Strata-working on cars?

    Quick question, are there any laws preventing someone from working on a vehicle in the confines of their garage in a strata building, providing it's within reasonable hours? Cheers Greg
  4. 1

    CBA demanding valuation, when it's already been done?

    Hey guys Not sure if anyone else has had a similar experience, but Commonwealth is requesting a valuation of my property for the approval of a loan I've already been approved for once. In short, they did a valuation three months ago when I started seriously looking for my second property and...
  5. 1

    Sinking fund thoughts

    Hey all, Just put an offer in on an apartment I'm interested in, I had a few concerns that the sinking fund is awfully low however after looking at a few older threads perhaps it's not as bad as it seems. So I'd like your thoughts, please. The building has 16 units and a sinking fund with...
  6. 1

    Pitfalls of buying now to live in later?

    Hey all, Just seeking some advice, I've been hunting for an investment property on the central coast for some time now, and have accidentally found a place that would be perfect for me as a PPOR in three to five years time. Are there any pitfalls to buying now, renting it out and moving in...
  7. 1

    Termites?

    Hey guys, Looking at buying an investment property that I know has had termites. It was likely a long time ago from the evidence I've seen - the area it's in is known for it - but I'm just wondering who is best to evaluate the extent of the damage? Someone told me they thing some pest guys...
  8. 1

    location, location, location: Buying near a club

    Hey guys, I'm looking at buying a place that sits two doors away from a Panthers club and was wondering if any of you owned property is such a location. I'm aware light from the venue will be an issue and have a plan to combat that, also noise levels will be higher than normal. A family...
  9. 1

    What can/can't the agent tell you?

    Hey guys, I'm just wondering what the selling agent can/can't tell a potential buyer? I know what they do say can vary greatly, but just interested to know what the actual guideline is. My understanding was that an agent can tell you whether they've had offers on a property, they just...
  10. 1

    Kitchen renovation finished

    Hey guys, Well on the eve of my attempt at another acquisition I thought I'd share the story of my first renovation - which was completed at 4 AM this morning just in time for the valuer at 9. It was always my intention to renovate the kitchen since purchasing the unit in November last year...
  11. 1

    Caveat(s) on mortgagee sale

    Hey guys, Hoping for a little advice, I'm looking at purchasing a property at auction which has eight (sounds like a lot) of caveats on it. The mortgagee is exercising their 'power of sale' and I'm just wondering what I need to know about this process/would be interested to hear other's...
  12. 1

    Investing in regional NSW questions (Peak Hill)?

    Hey guys, I'm interested in getting some opinions from the experienced folk on this forum. I'm weighing up my options between paying bigger money to invest in a coastal area, close to a CBD like Newcastle or much smaller money (about one sixth) in a regional area. One regional place that has...
  13. 1

    Recommend PIA Personal Professional?

    Quick question, but I'm keen to hear from PIA Personal Professional users to find out their thoughts on the software? Helpful? Worth investing in? Cheers Greg
  14. 1

    Senario advice - doable or not?

    Okay, so after months sitting in the background I'm going to lay down my situation for all your thoughts. Basically, I'd like your opinions on whether you think I'm nuts considering buying my first IP. I'm pretty young, earn about $60,000/year in a very stable job. I have little in the way of...
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