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I couldn't agree more with Jacque & Prop. I would never expect a buyer to pay an upfront retainer before meeting with me first. It is extremely important for both parties that they are comfortable with one another and that there is mutual trust and respect. I think it is wise to shop around...

Yes, I have done their course. I went primarily to learn about investing in Mining Towns and got everything I needed from it based on what I was there for.

I am a big fan of Frankston for the reasons others have mentioned, Tafe, uni, private and public hospital, arts centre, library, beach, shopping centre, homemaker centre, Bunnings, cafes are starting to spring up as well as some modern new shops coming into the main street. Frankston has all...

That is perfect advice for you Raj, if and when you are eady to make your IP purchase.

Hi Streetie, You will probably want to have a depreciation schedule done, yes. However the scrapping report is what is done prior to a renovation and it appears as though you have already done that. If you are not going to move into another home which will claim to be your PPOR, you will...

Interesting GF for $12K Not sure if anyone has seen this before and has any comments or feedback, but I thought it was interesting. Perhaps an import from China or something similar. Second property listing. http://www.gotchahome.com.au/relocatable.html

Hi Newbieatlife, I am a little confused? You secured a 120% of construction price, but had an 85% LVR? What was the 120% secured against? Purely the build, the build plus the house, the build plus another property which had equity in it?

Currently you cannot subdivide a GF and sell of separately. If you were to sub divide land and build you will most likely have increased the value of the property (providing the numbers for a subdivision/dual occupancy worked in the first instance) and you could sell either the land with...

I know Helen & Ed, they do not sell anything except mentoring. They are not affiliated with any projects, JV's or anything like that, they do not make money from any other avenue except their mentoring. (and probably their new finance division and insurance division) Regards Lisa

I googled and watched some You Tube videos on this the other day, I had to calculate something complicated and after much brain straining and watching tutorials (great tutorials by the way! Made by MBA ******** or something similar), I turned to my trusty PIA, opened up the more info boxes, and...

I happened to chat with a local valuer in the LP area a few weeks back. He confirmed what I suspected, that the GF does not add any capital gain and in some instances, particularly in places like, Bidwell and surrounds, they only add $30K value to the property after a GF addition. At...

Typically, a two bedroom would achieve higher capital growth than a one bedroom and in time achieve a higher rental yield as well, however that is in the same suburb.However, it is difficult to compare a 1 bedroom in one suburb compared with a 2 bedroom in a different suburb. I would look at...

Propoz, Congrats on finding a property you would like to purchase. My suggested course of action 1) go into office and meet the listing agent (not the one who you feel you have a good rapport with, if he's not getting back to you, he is not interested in closing a sale - AGENTS hungry for...

Nooooooo! That's awful!

Hi Futurist, Yes, what you suggested Is accurate according to a friend of mine who works for the council, did unapproved works then got scared and wondered what would happen if they got caught. Their inquiries led her to discover the following, Council wouldn't know unless someone...

Matto, Personally, unless I could force equity via renovations and the property paid for itself, it wouldn't be my first choice. Having said that, in Vic we do not have a lot of options for great rental yield. (IMO), personally I prefer NSW at the moment, however, I understand many...

I have not seen $1000 per month positive cash flow from the western suburbs with a Granny Flat addition. Give them a call and get them to go through their numbers with you. I am guessing they have added 20% cash deposit or something, not included the cost of purchasing and leasing front home...

Hi Everyone, I have done Helen's mentoring program. I found them to have high integrity and really cared for their mentoring students. I took the mentoring bc I knew nothing about investing in mining towns, how to research them, what to look for, what to avoid etc and was curious. I try...

I did some research on Morewell earlier this year. If I can put my hands on it easily this week I will scan it and post for you on this thread. To answer your tenant related question, I do remember the following: 1) There is one place to avoid - it is still housing commission and none of...

As a general rule - if you are going for a unit, the closer you are to rail and shops the higher CG and rental return, however, this is not the case for ALL suburbs. Some good quality DD should reveal everything you need to know. I suggest that you do proper on the ground DD and interview the...