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Just completed some more work. We have decided to paint the kitchen and relaminate the benchtops. Although the cupboards are old, it will come up alright for now. Alot cheaper then 7-10k for a new kitchen! Still got alot of work ahead of us, the rest of the rooms need work and I haven't even...

Floor boards are completed now, came in at just under 4k. Mainly because the section that needed replacing cost 1k! Adds up quick...

So we finally have taken possesion of our first place! Extremely glad it's in our hands now. 1 Day of ownership and we have fully stripped the floors of all carpet, lino and staples! Unfortunately found a 1.5x3m section that needs replacing due to rott which isn't too good but best to do it...

Some relatively good news, our tenants are moving out of our IP and we are moving in this month. We would have liked them to stay in until March but we have no issues with this, I was getting sick of living with the partners parents!! So we have been busy organising and saving money to get much...

I can definitely see the benefit for you to invest in regional towns. Living in the town your investing is also a major upside, any town that has property for around the 150k mark is around 3 hours away from where I live. For our first IP, I don't really want to invest in an area that far away...

For me, I would feel more comfortable starting my IP journey with low priced properties like you have listed. My only concern with them is, how will the go in the future? Being located usually in small country towns outside the city, how do you determine the risk with these properties? I had a...

I'm starting to think about buying in area's where property values are around the 100k mark. Using this to get us into the market, with some low value / low risk investments? Places like up towards Mudgee and so on. Bad idea?

It will be great when i propose to Mel. I cannot wait, and she will be an asset and always has been. I'm just so thankful that she also wants to invest in property! No need to convince her otherwise! Funny that you mention bella, its her favourite drink!

The more and more I research, the more and more I come back to Newcastle and places like Mayfield and Adamstown. My partner thinks it's a bad idea because the area's are "too far away for us to manage". So confusing trying to research different areas and coming up with an idea of where to...

Are you from Narellan vale? I am just around the corner in camden!

That is great. Thankyou so much for that info! Thats going to be very useful!

Do you usually just search and search until you find rental yeilds of 6-7%? I like to flick to the back of API magazine and look into the stats, then I continue with a search online in those particular areas with good figures. I probably shouldn't be relying on the API stats so much should i?

Thankyou for your advice. The problem I am seeing at the moment is finding properties that are going to give me a rental yeild of over 5%. I have a few suburbs in mind that I want to move onto with my next IP but yeilds are around the same, 5-5.5%. Do I just keep looking, searching for a...

Anything is possible mate, thats why I am aiming for that amount! If I told my parents I wanted 10 houses by 2016, they would probably scream and tell me it's not possible.

It's actually funny. She seemed to have the interest in property all along, telling me about renovating and such. At the time I was stupid and was really into cars. After seeing the light, I sold my cars up and we got into our first property. Now I'm mad about property, she now tells me 'You...

Some good news I would like to report...My partner landed a full-time job with a Property Valuation company, over the next few years she will be studying Property Valuation aswell to get qualified! :D

I'll remember that one. PPPPPP. I have a plan in my head of how I want things to get done, I will have to take some time out and put them on paper and tape it to the wall!

At least it will be doing something I really do love! Thanks Jo. It would be great if we can build enough equity through our current property to enable us to get a loan at a lower LVR %. May I ask what MB stands for? We will have to get someone to assess our sitauation just to make sure...

Yes, in 2 years I will have finished my trade. I started late in the industry. 2 years ontop of Night Tafe and I will have my License. So it won't be long before I am on some decent money. Thanks Propertunity, I hope this motivation and passion stays for a while yet! Thanks Y-man. I...

Ok, so I've been doing the usual and reading a decent amount of Real Estate and Property Investing. It seems it is essential to build a plan, so you have something to aim for and to keep yourself on the right track. I thought I might post up my current situation with my partner with details of...