Hello everyone. My first post here. I'm fairly new to Perth from the US and am currently renting.
I'm looking to buy a PPOR as an IP and there seems to be so many options, information out there I don't know where to start.
I suppose one of the classic ideas is to buy a property that needs fixing up in a decent suburb and do the work and flip it later.
The other classic idea is buying mostly for the property and build a couple villas on it while living in the old existing house.
How much does it cost to build say 2 175m2 villas in Perth? Single story cost per m2?
I'm busy reading all the threads as well as researching the areas I'm interested in buying but could use some tips from those of you who have been there and done that.
Any software or calculators you have find useful?
Any way to get a subscription to sales records like rpdata? The per report cost is pretty steep.
How much profit would you have to make on a fix n flip to make it worth your while?
Cheers,
Ms P
I'm looking to buy a PPOR as an IP and there seems to be so many options, information out there I don't know where to start.
I suppose one of the classic ideas is to buy a property that needs fixing up in a decent suburb and do the work and flip it later.
The other classic idea is buying mostly for the property and build a couple villas on it while living in the old existing house.
How much does it cost to build say 2 175m2 villas in Perth? Single story cost per m2?
I'm busy reading all the threads as well as researching the areas I'm interested in buying but could use some tips from those of you who have been there and done that.
Any software or calculators you have find useful?
Any way to get a subscription to sales records like rpdata? The per report cost is pretty steep.
How much profit would you have to make on a fix n flip to make it worth your while?
Cheers,
Ms P