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Reply: 2.1.1.1.1.1.1.2.1.1.1.1.1 From: Owen . I only learn from the best.... Owen "Gambling promises the poor what property performs for the rich – something for nothing"

Reply: 2.1.1.1.1.1.1.2.1.1.1 From: Owen . I'm about to do the movies ticket thing with some of my other tenants. I sent them a letter saying that an inspection and rent review was due, did the inspection and then sent a follow up letter say the place was great, there would be no rent rise...

Reply: 2.1.1.1.1.1.1.2 From: Owen . On 1/4/02 7:46:00 AM, Glenn M wrote: >Did you include the Renovations as part of your borrowings/Loan with your Bank? If so, did you organise for quotes before settlement and pass these on to your Bank? *** I have a LOC secured against my home with a $0...

Reply: 2.1.1.1 From: Owen . This post is copied from an email reply to one of our lurker forumites but asnwers Cathy's post well too. I couldn't find my other post so here's what I did. The property is 2 br/2 bath unit in Alexandria, 4kms from Sydney, next to Sydney Park, 300m from a train...

Reply: 1.1.1.1.1.1 From: Owen . 'Equity on equity return' is an excellent way of putting it. From settlement to completion of reno was 6 weeks with another 6 weeks before being tenanted and revalued. 12 weeks to get my money back (pay off the equity LOC) and get an income. The 300% return you...

Reply: 1.1.1.1 From: Owen . Roberts right, the pay off was primarily in the revaluation but there was an increase in rent return although not much due to market pressures. The new valuation allowed nearly all the cost involved in buying and renovating the apartment to be wrapped up in an 80%...

Reply: 1 From: Owen . I've done a cosmetic apartment one which paid off well. What do you want to know? Owen "Gambling promises the poor what property performs for the rich – something for nothing"