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thanks for the replies i think this situation is actually a blessing in disguise now

I was planning on calling tomorrow either way It is rushed so i was hoping i'd have some clues/options by tomorrow when i did call My first IP was bought this financial year so there has been no formal interaction with accountants yet

To the many people wiser than me on this forum thanks for looking As the title says I've had an offer accepted on IP2 that i want to buy We are going through the documents but i havent signed the contract yet I will be funding it with cash in the form of advanced payments or maybe...

thanks for replies! yes its a bit of a weird one we're trying to live rent free for a while to get a couple more IP's under the belt we want to live in it but it was only ever going to be for a few years tops ideally we'd build a granny flat in the mean time but I can't see me having a...

I've been trying to find out some exact information about fire separation for dual occupancy and what I've found is sketchy at best. Has anyone successfully done one and lived to tell the tale? Is there a square meter rate for fire rated gyprock? What are the requirements and who am i meant...

I used an expiry last week unsuccessfully and again this week with what would be considered quite a low offer that worked The agent came back to me saying you're close and you should add 10k more. I said my offer is the still the same as I've offered elsewhere as well (which was true) and...

Great to hear! I was alerted to this thread by a fellow "young" investor Great to hear about other "young" investors out there and their stories I say keep your chin up, I mean was it ever a reasonable expectation to have your first IP be the best buy ever? Of course not, you learn and build...

So what is the illegal bit? No I don't have a PPOR I am currently renting and have an interstate IP. I've spoken to a couple accountants and it seems like a very grey area all round From financing it with IP equity and offset money for non investment purposes (ie a PPOR) to losing a good...

Thanks for the fast responses! The metering is the part i know least about. What steps/approvals are required to get a meter installed? I've spoken to council and they are saying they would not retrospectively approve a converted granny flat If this is the case what are my options...

Hi Everyone, i'm not sure if this is the right part of the forum to post this question so forgive me if it should be elsewhere. I stumbled across a house with a converted "granny flat". For the first time ever the granny flat wasn't wishful thinking and something entirely finished...

Wondering how the OP went with his property hunt in Sydney? Who knew you could get so little for 700k in these parts of Sydney

i'm assuming you're talking about 250k borrowing capacity or about 38k in cash

256k i thought it was a lot at the time now i know it was a bargain lol -Savanna100 i once had breakfast in Warrnambool before we did the great ocean drive it was delicious :) great to hear so many people finding great investments everywhere!

this was the house http://stmarys.ljhooker.com.au/BXNF7D land wasn't very big and there wasn't a garage

Wondering if there are any updates on this thread? Did anybody end up buying in the area? I noticed the 2 houses mentioned are still on the market

I was at a mortgagee auction beginning of the year in Lethbridge Park 3br brick renovated house sold for 256k i thought it was a bit pricey until i saw a DOH fibro home sell at auction for the same price the week after There it is again Logan Is there a specific part of Logan? Seems...

-Logica Thanks for the input :) I think you are dead right about the fundamentals of a town, especially for long term growth An excellent council is also a big bonus I haven't been on the ground in SA to guage things better yet, maybe in the next few weeks. Is there a drought in SA coz...

i think its 2 years too late to be honest ive been to many, many run down open houses and auctions there when houses are being sold within 2 days of the first open house you know its not going to end well its like the last chance saloon people getting in for the sake of it and the rental...

Haha fair enough Well im new to this game so i have no choice but to be budget dependent I've got a list of: Ballarat Vic Whyalla SA Mount Gambier SA Burnie TAS Devonport TAS Launceston TAS All have a median house price in the 250k area All decent population sizes for 2nd tier...

This is of course an investment property to be kept for at least 10 years Ideally it would be neautral or even positively geared but the main aim is capital gains Will be intersting to see everyones thoughts