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Yes straight away, that's entirely the point

Nevermind, re-read your post :p I'd be doing B*P inspection during the cooling off period.

Solicitor yes - I use 1836 Conveyancing here I'd probably get your own inspection for your own peace of mind, so you know that it's current (what if something happened since their one was done, or if their one wasn't independant?). I use BPI Adelaide, here

Good on you matt, great way to get started in the game

I don't think there's a set %, but I know that if a property survives the eligibility period they always go for significantly more on open market. Stick to older ones that can be tarted up and this will be a great launching pad for multiple more IPs for you. For loans, you might need to talk...

New dart - definitely utilise the affordable homes scheme if you're eligible. I'd give my left foot to be eligible. The deals on there are ridiculously great and in all kinds of areas. Get something that could use some tarting up, they're already at a nice discount to market value. This will...

Paralowie has a Reception (SA speak for kindy) through year 12 school in one campus. Zoning for that is fairly large - basically anywhere above Little Para River if you have a look at Google maps. That isn't a huge pull though I don't think.

Am a local... Paralowie is definitely a shade above Salisbury, for a couple of reasons - mostly owner occupier, and also never received any state housing.

Salisbury has a little bit of stigma, but far less than Elizabeth does. Prefer to keep emotions out of things and go by the numbers only. There's plenty of deals that stack up in both IMHO.

Most of mine I've paid less than the vendor paid. Can't protect people who want to pay top dollar in peak.

And despite this, myself and many others have been making plenty of money in the area through buying under market, renovating, or developing. Thankfully they put money in your week every month while waiting as well. So ya win both ways, really. The percentages don't really mean much to the...

Sounds astute :)

*rubs hands*

Yea adelaide never goes up :rolleyes:

Matthew - went to some Opens on the weekend and they seemed busier than previously. Are you finding the same in the areas you service?

What I'd do is workout the plus/minus situation of each of the properties (as in the net result of rent in vs mortgage/PM/rates/water/insurance, worked out to a monthly basis). Ignore tax for this bit imho. Say its -100 a month. Just keep 6 months worth in that property's offset account, along...

Ah, fair enough then. :) If partners job isn't secure, get some buffer funds loaded up in the offset account to cover duration of X months expenses. Then you can ride any problems out and maintain assets which will serve you well long term.

Why would you sell it for so little gain? Aren't you better off pulling the equity out and doing more investing?

Far too risky for me.

Results speak for themselves?