Haha what have they tried doing with the colours at the front?!
Nathan Birch - Western Sydney deal $180,000 for a HOUSE IN SYDNEY IN 2011! 9% Yield.
- Thread starter Nathan
- Start date
Haha what have they tried doing with the colours at the front?!
I wouldn't want to live in most of my properties.
Not because they are ugly (which a lot of them are)...just because.
As soon as an investor can distance his expectations of a what a property should look like...that is when you start making money.
We're interested in CF more than CG.
I wouldn't buy a place if I was scared to go go to the property..whether it be the neighbourhood or the tenant....unless Rob would go ...and nothing scares him.
Not because they are ugly (which a lot of them are)...just because.
As soon as an investor can distance his expectations of a what a property should look like...that is when you start making money.
We're interested in CF more than CG.
I wouldn't buy a place if I was scared to go go to the property..whether it be the neighbourhood or the tenant....unless Rob would go ...and nothing scares him.
Nath, which number is yours? You can PM me if you like. I've got one across the road from that one as well, although mine needs a bit of a spruce up.
I've got next door. It has two street adresses. 3 Ball & 34 Reliance.
I noticed a lovely teen sitting on the doorstep of yours the other day at the back the property. Better get that fence up quick smart.
Love the place on the corner. Big blue wading pool in the front lawn, trampoline and 2 armchairs...hhaha...classic
I'll swap! Hubby's great grandfather owned a large portion of North Sydney. Lost it gambling I'm led to believe.
I'll swap! Hubby's great grandfather owned a large portion of North Sydney. Lost it gambling I'm led to believe.
pity! Apparently my GGfather (on other side) was offered a nice patch of land on the Gold Coast for 50 quid but didn't take it- It's now called Surfer's Paradise
SNAP!
Skater we have a dev site there... You, me and my mate who I helped buy next door recently thats three properties in a row
Oh you know the typical property spruiker who renovates everything in town? You know PS? If you search he bought 2 doors up in 2004 (7 years ago) for $240,000. LOL
I saw you picked yours up for $200k a little while ago?
Skater we have a dev site there... You, me and my mate who I helped buy next door recently thats three properties in a row
Oh you know the typical property spruiker who renovates everything in town? You know PS? If you search he bought 2 doors up in 2004 (7 years ago) for $240,000. LOL
I saw you picked yours up for $200k a little while ago?
pity! Apparently my GGfather (on other side) was offered a nice patch of land on the Gold Coast for 50 quid but didn't take it- It's now called Surfer's Paradise
So be careful next time you say no to buying a property. You never know one day your great great grand kids might curse you saying if only my GGFather bought it at that price.
Cheers,
Oracle.
PS = Property Secrets......
Just did some months on a 180k purchase:
Purchase price: 180,000
Stamp Duty : 4,800
Legals/Inspect: 1,500
Reno : 6,000 (am using your figure)
Selling Costs : 5,000
Holding Costs : 2,700
Selling price....more like $230k and costs in first year are $190.
So the profit is about $40k.....after tax (assuming) 40% marginal rate you are left with $24k.
So I am not convinced yet.......though the numbers look okay.
In my opinion it is an okay deal....particularly given the area and potentially not being able to dispose property in a fire sale.
Just did some months on a 180k purchase:
Purchase price: 180,000
Stamp Duty : 4,800
Legals/Inspect: 1,500
Reno : 6,000 (am using your figure)
Selling Costs : 5,000
Holding Costs : 2,700
Selling price....more like $230k and costs in first year are $190.
So the profit is about $40k.....after tax (assuming) 40% marginal rate you are left with $24k.
So I am not convinced yet.......though the numbers look okay.
In my opinion it is an okay deal....particularly given the area and potentially not being able to dispose property in a fire sale.
SNAP!
Skater we have a dev site there... You, me and my mate who I helped buy next door recently thats three properties in a row
Oh you know the typical property spruiker who renovates everything in town? You know PS? If you search he bought 2 doors up in 2004 (7 years ago) for $240,000. LOL
I saw you picked yours up for $200k a little while ago?
Nah! It was less than that. The price you saw was an internal sale out of my Trust to me.
BTW I'm not at all convinced that PS get that great a price. They just want to get purchases for their clients.
SNAP!
Skater we have a dev site there... You, me and my mate who I helped buy next door recently thats three properties in a row
Oh, did he get the one on the corner?
Oh ok.
Well, theres 2000sqm on 2 street frontages if we ever want to do a site. Its not worth anything from that angle today but in future could be a spot to put 8 or so dwellings
Yep as many say on here it appears they just want to earn their fees/comissions rather than getting the best deal otherwise they'd buy cheaper.
Well, theres 2000sqm on 2 street frontages if we ever want to do a site. Its not worth anything from that angle today but in future could be a spot to put 8 or so dwellings
Yep as many say on here it appears they just want to earn their fees/comissions rather than getting the best deal otherwise they'd buy cheaper.
I am going to GF my one also
Good idea. We should apply to council to close the alley way if you want. Three votes in favour. This way we can get extra land, less riffraff.
WooHoo! OK, when & how do we do that. Say the word & I am there with bells on. Only thing is that your property & mine back onto the laneway, the corner one doesn't.
Hi Nathan
Who did you speak to, to get that clause removed?
Dept of housing, or the REA?
There are a few i'd be interested in near me... (Orange NSW)
Cheers
Locko
