Building Inspectors in Mount Isa
- Thread starter Miss V
- Start date
Miss V,
I bought some units there almost 20 months ago but do not remember the BI's name.
i will have a look and see what i can find. But i would ring up all RE's and ask them for referrals, speak to the BI's - ask for contacts of clients or copies of previous reports before making a decision
Let you know soon
OSS
I bought some units there almost 20 months ago but do not remember the BI's name.
i will have a look and see what i can find. But i would ring up all RE's and ask them for referrals, speak to the BI's - ask for contacts of clients or copies of previous reports before making a decision
Let you know soon
OSS
from memory it was about $150 per unit.
How much was the block you purchase out of interest - ball park figures will do. Whats your plan with them - hold, renovate, strata title, DA etc
OSS
How much was the block you purchase out of interest - ball park figures will do. Whats your plan with them - hold, renovate, strata title, DA etc
OSS
My inspector was Bob Jakeman - cost me $330 for my block of 3 units.
Thanks OSS,
I think at the moment I'm just going to hold them and hopefully get a bit of cashflow out of them. Eventually I'll cosmetically renovate as they are fairly typical of the area, slightly run down but with potential.
I paid very low 3's. They are single story block flats.
How are yours going? Can I ask what you paid for yours or what the yield is? This is the first block I've bought, are there any special considerations to keep in mind?
Regards
V
I think at the moment I'm just going to hold them and hopefully get a bit of cashflow out of them. Eventually I'll cosmetically renovate as they are fairly typical of the area, slightly run down but with potential.
I paid very low 3's. They are single story block flats.
How are yours going? Can I ask what you paid for yours or what the yield is? This is the first block I've bought, are there any special considerations to keep in mind?
Regards
V
Miss V sent me a message about Depreciation Schedules in Mt Isa.
I responded to advise her that my Gladstone guy is going to be there in the next week or so - he's going to a rodeo or something.
Just thought I would let other people know.
Scott
I responded to advise her that my Gladstone guy is going to be there in the next week or so - he's going to a rodeo or something.
Just thought I would let other people know.
Scott
Bought my 6 year old block of 2x2 & 1x1 in Dec 03 for $130K. was renting then for 120 + 120 +100, done no work to it since and getting $140 + $140+ $110 now. I am attempting to get a DA for the construction of a duplex on the same block at the rear.
Rent will probably go up again soon hopefully
Value at present around $230 - $260K
OSS
Rent will probably go up again soon hopefully
Value at present around $230 - $260K
OSS
wow, that's really good. Have you got any other unit blocks? Is it that much different from single dwellings?
I have booked Bob in for the building inspection. Rang the council for a list of names up there but only he was the only one still relevant/available. Now just need pest done.
cheers
v
I have booked Bob in for the building inspection. Rang the council for a list of names up there but only he was the only one still relevant/available. Now just need pest done.
cheers
v
no thats the only entire block but i wish i had bought more at the time ...as you always do.
OSS
OSS
Ol School Skata,
May I ask who is letting them? I am interested in purchasing there but am still a bit tentative. Do you let them through the same agent you bought them? I hope that isn't too personal a question.
I wonder sometimes if the agents overdo the assessed rental when they are trying to sell. What's you opinion?
thanks
cheers
blossomoz
May I ask who is letting them? I am interested in purchasing there but am still a bit tentative. Do you let them through the same agent you bought them? I hope that isn't too personal a question.
I wonder sometimes if the agents overdo the assessed rental when they are trying to sell. What's you opinion?
thanks
cheers
blossomoz
My units are managed through the same agent - Jays RE. My property manager there is great - keeps me informed on everything. I am sure she gets sick of me ringing to bounce ideas off her to increase the rent further. I have no complaints since she took over (about the start of the year)
I always treat a RE Agents rental figures with a grain of salt. I ask the agent for their property managers contacts and always get other property managers from other agencies to take a look whilst it is under contract. This gives me a balanced report and keeps my agent honest. I have had a few property managers take a look at some places (not just in the Isa) and some tell me to forget it - they would never manage it ...when i ask why ... they say blah blah blah...this then gives me ideas for improvements if i am to continue with my option to buy.
OSS
I always treat a RE Agents rental figures with a grain of salt. I ask the agent for their property managers contacts and always get other property managers from other agencies to take a look whilst it is under contract. This gives me a balanced report and keeps my agent honest. I have had a few property managers take a look at some places (not just in the Isa) and some tell me to forget it - they would never manage it ...when i ask why ... they say blah blah blah...this then gives me ideas for improvements if i am to continue with my option to buy.
OSS
