Well after reading, asking lots of questions on how to get into IP and noone family friends I know for support (so to speak) I dare say I was a bit scared to commit, but hell I figured its not going to just happen. So the bullets been bit and I just won hmmmm or lost (time will tell) buying my first property at auction (go figure).
I'm happy with my purchase price I guess thats a good start and I am excited to move forward. RP Data put the place at $298000 agents feel the market is around 265 - 270000 I picked it up for $190000. Specking with the agents and what I intend on doing to the place they say I will get $285000 - $290000 when complete if I elect to sell (not my plan). The rent Appraisal is $300 PW. The place is 2 klm to train 200m bus 1klm to main shops parks, schools are also close.
Whats the catch, well I have plenty of work to do to bring it up to scratch kitchen, bathroom, laundry, toilet basically a total make over. The advantage its a very solid and sound structured house except for a slighty burnt back bedroom (no major structure damage apart from some ceiling batten). No biggie there.
So on the 17th next month its mine and the 18th its on If anyone is interested I will be taking plenty of photo's of each room couple of reasons I guess to learn and get peoples advise on.
Let the journey begin
Brian
I'm happy with my purchase price I guess thats a good start and I am excited to move forward. RP Data put the place at $298000 agents feel the market is around 265 - 270000 I picked it up for $190000. Specking with the agents and what I intend on doing to the place they say I will get $285000 - $290000 when complete if I elect to sell (not my plan). The rent Appraisal is $300 PW. The place is 2 klm to train 200m bus 1klm to main shops parks, schools are also close.
Whats the catch, well I have plenty of work to do to bring it up to scratch kitchen, bathroom, laundry, toilet basically a total make over. The advantage its a very solid and sound structured house except for a slighty burnt back bedroom (no major structure damage apart from some ceiling batten). No biggie there.
So on the 17th next month its mine and the 18th its on If anyone is interested I will be taking plenty of photo's of each room couple of reasons I guess to learn and get peoples advise on.
Let the journey begin
Brian