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Nice work Erica. You're never going to learn unless you get into a deal! The way I see if, if you made a 40k profit, then fantastic. you've learnt a hell of a lot more for the next deal you make. You know what they say.... make the mistakes fast when they don't cost you as much $. Thank you...

My DA application was just submitted for 3 townhouses and the plan is to get the DA and sell the land with the DA approval. This was my plan from day 1. The additional time required to do the actual development ties up my equity for longer. If I can get in and turn a decent profit and take that...

vbplease is right on the money there... second that opinion. I've been helping my other half who is on a similar budget. If you guys can work your way into a 2br older style, you're putting your 'end product' into a much larger pool of potential buyers. If you're willing to do a smart...

Hi Breamster, good choice of location. I grew up in Toowoomba and i still think houses are the way to go and a good choice of suburbs too. Although there's a growing like for units/townhouses, most still prefer houses. A lot of people talk up how competitive it is up there at the moment but...

half and half. some look exactly the same and some have big new decks and some decent landscaping to match. Location is quite good though. 5mins to gateway, 5mins to westfield and walking distance to bunnings :D

for 350k, i'd be looking elsewhere. i would definitely get something there at the 250k mark as i see a bit more growth but at 350, thats getting up towards the higher end of the market with little room to move up. For 350, would you want to try somewhere across the highway or closer to the cbd...

you're not the only one. Im helping a few friends buy at the moment and they fear they will miss out soon enough too. Don't rush it and make the wrong decision. The best part is that youre buying into a growing market so that should give you more confidence and if the numbers stack up, go for...

Why not spread your bets? Most of your deposit on a IP in Penrith with 25k left over for an IP in Tba... I'm still seeing houses in decent Tba suburbs for under $250. They do go quickly though under that mark.

personally, i think you're overcapitalising on a house worth that much. If you do have 90k to even look at doing the work, I would think you're better off selling the property in an 'as is' condition and taking a bit of a loss on market value. At the same time take your money and put it into...

Thanks Rolf. Since my post, i'm leaning a lot more towards standard non flood risk properties. The entry cost is higher but the rewards and 'safety' is higher too. Darryl, you've got me looking at splitters in mt gravatt now after your scenario there! Any chance i could run a few scenarios...

Hey guys, i've been doing some heavy reading within the forum and learning lots so to all of you... thank you! Being my 2nd IP, i'm looking for a 1 into 2 split block scenario. Something to renovate and live in for 12 months and in that time subdivide and sell off 2nd piece of land to build...