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  1. bigvman

    Vacancy lead time

    I like to offer incentivse to set my home apart from the rest on the market. It depends on the area and best talk with your PM. You have to tread a fine line between appealing to the market and appearing desparate. Late in the month I would try something like "First 2 weeks rent FREE if...
  2. bigvman

    'Crack the Property Code' Workshops May 2014

    FWIW I can say that I've worked with (been a client of) Simon and the team at RESULTS in the past and would happily vouch for their inetgrity as a group and personally. There's always a lot of good information content at their FREE workshops and yes, it's used to promote their services, but...
  3. bigvman

    advice about aircon situation

    Of course you can ask for a new A/C. I have tenants asking all the time for new stoves, toilets etc. If it's just a case of convenience ie. it works but you'd prefer a remote then you may well have to consider that it would also justify an increase in rental. Would you be prepared to pay another...
  4. bigvman

    Ringwood, VIC - CG Gain Prospects

    As other posters have noted there are many reasons Ringwood is a strong suburn bow and into the future. Main reason is it is a central hub for rail and freeway enabling quick access to the CBD as well as continued development at Costco/Eastland etc They key to growth here (I live there) is to...
  5. bigvman

    Small 1 Bedroom unit inner city

    I bought a tired nd run down 1BR unit in Neutral Bay. I did minor cosmetic reno that cost about 10% of the purchase price. I was able to get a reasonable yield due to the improvement and sold after 2 years for a 35% improvement in price. It is tru that it will be alittle harder to sell and...
  6. bigvman

    Staking out your home open

    I did it myself 2 months ago when sellling. I just wanted to get a handle on the level of interest. I didn't go inside and waited till the agent was packing up to sidle up and get a quick debrief It worked fine, I kept myself out of the way, but i only needed to do it once. Also, the house...
  7. bigvman

    No building inspection

    1- Not necessarily, but you would almost certainly NEED an expert opinion. 2 - See above. It would be very foolish to 'guess' that the house was sound and make an offer. 3 - NO - This is a 'problem' house that represents a possible opportunity. If it was me I would very much consider purchasing...
  8. bigvman

    How to handle low ball offer

    I agree with Big Will. It's your house and you don't have to accept any old offer. However, if I was the purchaser i would think an offer of 560 is getting pretty close enough to be treated with due consideration. If you really want to sell then counter with 620. If you've no real need then...
  9. bigvman

    Do you buy new or established house?

    Right now I definitely buy old, tired looking, but structurally sound homed that I then do minor cosmetic reno (paint, carpet, drapes etc) and let out. Sometimes I skip the reno part, like if there's a sitting tenant, or those no obvious work to perform. I agree with the fact that you can see...
  10. bigvman

    Giving your offer a deadline

    It's a perfectly acceptable and useful strategy if there's an element of urgency. eg There an open on Saturday am and you put in an offer on the Wednesday. You add a sunset clause to the effect that the offer will expire 5pm Fri. In that case you want the vendor to reveal their intentions to...
  11. bigvman

    Invest near retirement village

    Well at least the neighbours won't be up all night partying and fixing their cars in the driveway....
  12. bigvman

    First development 8.65% ROI and $100pw cashflow positive

    Great Job. The best part is that you've come out the other side with a win and you've leart heaps you can apply next time. I love your point about Subdivisons not being for those who can't handle the stress! I've not gone there for the reasons that it's a bit out of your control etc and you'r...
  13. bigvman

    Newby - a few buying questions

    Simply make it a condition of sale, just like Finance etc. I always pay for a building inspection. It's really a small price to pay. If it's not an auction sale you negotiate on price first, then complete your due diligence. You may of course have to have the inspection booked in advance, but...
  14. bigvman

    How do you research property?

    I've used Investar myself for the last 7 properties I bought. I found the search function pretty interesting as you can look for certain strategies - like +CF. I really only used this feature to confirm that the area I was looking was pretty good compared to other stuff around. The most useful...
  15. bigvman

    Yarraville 1 Bedroom Apartment $ 380K? Help

    If you're buying new then the only way to acheive your goal of capital growth is to buy it. You are relying on Yarraville "booming" at some point in the next few years. If you want to know if this is likely then you need to understand the demographics and underlying trends. I don't know this but...
  16. bigvman

    Potential tenant proposes a lower rent

    Great suggestion from Lil SKater! I have a few properties and I know from experience that a bird in the hand is worth two in the bush. Cheers, Dwight
  17. bigvman

    Tennant desputing landlord decision

    I own a handful of rentals and from time to time I've had the same request. I made the decision to go along to get along and give the tenant what they asked for. We're all in a different situation. My properties are at the more affordable end of the spectrum and are going to have a little wear...
  18. bigvman

    Results Mentoring

    I have been a member of Results Mentoring in the past and found the experience to be everything that was promised. It's not for everyone, but I would suggest you go to one of their one-day information sessions and press the flesh to get an better idea of what and who is involved. The idea is...
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