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Thanks for taking the time to respond Keithj... You always provide great insight and a wealth of knowledge.

I have just finished reading this amazing thread... Thanks Keithj for your time to explain to us your strategies. I am curious as to how you have held up since October. I don't follow the stock market much, but I guess your buffer would have taken a fair beating. Are you able to share...

That sounds like a great deal, well done. I would love to see the before and afters on that one...

haha, ok fair enough :) We depending on the property (obviously), I was hoping to get something that I could do the following: Rubbish Removal Interior/Exterior Painting Carpet removal (polish floorboards) Basic Kitchen/Bathroom enhancements such as turning a pink bathroom into white...

Hi RumpledElf I am not quite sure how you are reading my figures... The profit I have worked out is $37,500 which still needs to have tax paid from it. The other figures listed are costs that I am trying to cover. So on those I should break even. Is this not how its normally done?

I second this. It was a very good course and well worth the money.

Hi Guys, I posted this on another forum with no response.. hopefully someone here can give these a once over for me :) I am hopefully just about to start my reno journey. I am trying to run some figures to get find my maximum buy price. All seem to be ok however I am concerned that the...

Hi All, I have a question about the deposit process that has been bothering me for a while. We then bought our PPOR which confused me even more. My experience and questions are directed mainly at NSW but I am keen to hear a response for all states. Firstly, what is the point of a holding...

Hi Guys, My solicitor tells me that I don't get the 5 day cooling off period if I use a solicitor. Apparently they have to sign some thing that waivers that right... I am buying in NSW. Does anyone know if that is true?

Hi All, I just made an offer on my first property (a PPOR). It is located in NSW. During the discussion with the agent he told me some thing that I didn't know or that I was under the impression was incorrect.... I made my offer (written) using a few clauses: subject to solicitor...

Google for me too :D

ah that makes more sense. Thanks Salsa.

I have seen the acromym DA around a bit. I assume it stands for "Development Approval" but I have seen advertising saying things like "D.A Approved" which throws me off a bit. Is this what it stands for?

In order to succesfully obtain the FHOG in NSW you need to have Quote:"At least one applicant will occupy the home as their principal place of residence for a continuous period of six months, commencing within 12 months of settlement or construction of the home" /Quote. More details can be...

This is something I have discussed with my wife. The idea of a $20k gift is great but the in-laws are concerned with the idea that by investing we could end up losing everything. Last time we spoke I did get the impression that there could be extra conditions that come with the money. Still...

Thanks Les, I signed up for the next SIG meeting in March yesterday. I was having the same sort of thoughts you were. I have also spent alot of time reading over the material in this and other forums (awesome btw). I have been reading a few books too ;) I am keen to get in but like I...

Oh, I forgot to mention that I was planing on moving out and renting after the 6 months required by the FHOG. I've been looking North-West of parra in the old commision area's such as Hebersham and Mt Druit area's. Found some smaller blocks for subdivision but require the removal of the...

Nice Presto, Its amazing how a render can turn old cr@ppy looking units into nice relatively classy ones. Nice Job

Hi Guys, I have been trying to work out the best way to get into Property Investing that will allow me the maximize our leverage for future deals to come. I have a few different strategies in mind but they all have their benifits and drawbacks plus I have the added complication of being...

Living in Sydney with a family I wouldn't even consider retiring before $52k p.a. (net). But I don't think I would use that as a retirement goal... for me it would be more piece of mind... and hey, buy the time I am earning that sort of passive income, I will have become accustomed to a $100k+...