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Heres another thought: When you have a portfolio of 3 or more IP's its gets tricky to stay on top of maintenance (e.g. having gutters cleaned, hot water system maintained etc) its easy to forget about these things, as they are just annoying to deal with - they are not urgent, but putting...

Hmmm. where can I find one of these so called spouses who will take care of everything?

This is a great idea! a huge inequality exists in the tenants favour!

Agreed. I have a rubbish PM at the moment which I should do something about....a property manager review platform/website would be useful, as long as the reviews came from trustworthy sources

That would be the Holy grail in investing/development software! seems complicated but I would pay for it if it worked.....thanks for the suggestion! I agree, asking for this info off agents is like asking a used car salesman if the car he is selling is good, ulterior motives....

Thats a great website! thanks for sharing.....I used something similar recently when moving interstate and looking for backloading services, I entered my details and had 10 companies email me with quotes.....I was very impressed.

@ Tyla, no fee required here, just asking for some help to get the creative juices flowing! @ Moneyman_85- I agree, for the first time investor analysis seems to be the biggest roadblock, I know it was for me, I had a form of mentor-ship however which really accelerated my education and...

Hey everyone, I will be honest; im currently working with a high-end online marketing start-up and we are trying to solve active problems in a few industries (by coming up with solutions that actively help). I have chosen property investors in Australia since its my passion and experience...

My secrets have been: - Education + taking action - A kick *** mortgage broker The debt wall is a reality for most, and when this happens its time to get creative.

Can be done, depends on whether its worth it for you or not. Ive done it 2 times. most recent one was working mon-fri, driving 2.5 hrs fri arvo, and working my **** off until sunday eve, driving home. repeat. Took 2 and a half months, Girlfriend hated my guts for a while, felt like I was...

I would budget 60-80k myself to be safe

It's probably a little high, but here is my breakdown: Council contributions 28k Operational works 30k Other fees (council application fees, town planning fees, surveying etc) approx 20k The council contributions hurt, but if they see people making money, they want their cut

Ive been looking in this area and ive done a few feaso's For subdivision in the Redcliffe area your looking at 80k (ballpark) of costs, for a one into 2 lot subdivision Happy to be proved wrong by anyone with more experience than me Alex

Nice work. Was is it Griffith road Scarborough?

Could likely be cement sheeting behind those tiles instead of gyprock, if so make sure you get the plugs which are made for cement sheeting Oh and could be Asbestos sheet depending on the age of your place, so put a mask on to be safe... If you decide to stick a new mirror directly onto...

I think its more or a repair job rather than a pull-down job.......39k is achievable IMO if you know what you're doing......he'll be right

under 20k im aiming for (it will be of the transportable type and I work in the building industry so I have a few leads to help) your right about GF in higher yielding areas, but if can do it without a loan the cashflow would be nice

im sure I will encounter the standard problems you get with a granny flat (e.g. must reduce house rent etc.) But if I can do it cheap enough I would enjoy a little cash flow. Will post back with results once its all done

What constitutes a 'removable' granny flat though? In SA you can use a removable one as long as you install piers first and bolt the granny flat to the piers...is it more difficult in nsw?

I'm in the market for a cheap granny flat also, and there seems to be a few options out there... You can order flat pack kits (from china) on alibaba.com which are built to Australian standards for under 15k, however you need to order minimum numbers.....they come in wall sections which are...