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What wallpapers?

Still waiting for those first rent moneys to come in!

Demolition = $0 (done by me) Kitchen = $3763 (Masters, i put it together) Kitchen Cabinet Install = $650 (Contractor) Oven, Cooktop, Rangehood = $1330 (Harvey Norman) Splashback Tiles = $131 (Crosby) Tiling Install = $350 (Contractor) Electrical Work = $800 (contractor) Misc (Taps...

The rental increase of $50 was per property, so we are getting $100x52 = $5200 a year extra with outgoings of $1500 per year. For us it was well worth it as the units were in poor shape and very unattractive for rent in their original condition. They are making more money than I am...

FRONT PROPERTY (2x1) - AFTER The front property was much the same as the rear property, however the kitchen was newer and the flooring in the kitchen was also newer so we left it, especially as we were time and cash poor. In the future we may upgrade it as the kitchen renovation was about...

REAR PROPERTY - AFTER

REAR PROPERTY (3x1) BEFORE

Exterior Photos

Yes those amounts are post renovations, renovating the properties essentially added about $40-$50 per week in rental based on their previous appraisal and rental agreements.

Thanks z611143, We used equity from our PPOR so we didn't need a deposit. and we borrowed only an additional $35k for renovations as that was the maximum we could borrow whilst avoiding mortgage insurance.

haha now i see the funny! fixed

Nope, just old age.

Well since you all asked so nicely! As mentioned, Kent Cliffe from Momentum Wealth assisted my Wife and I in acquiring our first IP?s which settle in August. The property was purchased at auction (deceased estate). Description: Duplex pair on ~895sqm block with potential to build on rear of...

So both units are now finally tenanted! If anyone is interested in details i will post up with pictures of pre/post renovations. Have enjoyed the our first IP experience and getting ready for more! Wrexter

So less than a week to settlement. Its going to be a busy a couple of weeks post settlement to renovate both units and get tenants in! Not to mention that it all needs to be done by Sept 4th as we head to the USA for some much needed holiday :D Look forward to sharing some more details and...

So i have recived a quote for painting of both units $11800 for 10 days work (painters estimate). Is it me or is that hugely excessive? Overall not terrible condition for units, painting to all walls, ceilings, skirtings & trimmings. Anyone have a contact for a quality painter in...

Renovate, Rent out existing 2 units, re-strata, build on the back, Positive Gear, hold all 3 long term Rinse & Repeat :)

Well we sure weren't getting anywhere by ourselves, a bit of first time investor paralysis but very happy overall with the work Kent & David & Momentum Wealth did for us. Its all systems go at the moment to turn these two units around and get them tenanted, next focus would be to re-strata...

Perhaps after settlement :) Yes on a R30 block. One is a 2 bedroom & the other a 3 bedroom.

Tried desperately to get access for works prior to settlement but vendor disapproved, fair enough. Should of made it a requirement on contract. Lesson for next time The REA has been good in allowing access for trades for quotes so that will be getting done from now till the 12th Aug...