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i think he is referring to 20k combined in stamps, conveyancing, holding cost etc

figures look good but id be surprised if the rent on a cottage block in alkimos/south geraldton would be higher than 450/wk personally. then again the demand up there does tend to surprise me.

to be honest timing was not a big part of it, although we were wary that the bargains could not be there forever. if the numbers stack up, they stack up, that's the way i look at it imo.

2011 was fantastic for development sites, last year was good too but didnt have the absolute bargains of 2010 and 2011 imo. honestly at one stage i think i had 5 different extremely profitable deals i was weighing up, kicking myself now that we only bought 2 of them

yes and no. anyone out there looking at the moment knows that things are crazy. a property in vic park had 130 people through its home open last weekend. another in mt hawthorn had 8 offers in the first 24 hours of being listed. most of these people are in fact the general public so while...

everything you have said here describes the market accurately in around november 2012. currently prices have already started increasing (in some cases pretty good rises) and the stampede has well and truly started. it is no longer a case of will prices rise but how much they will rise by

the problem is you are also currently competing with: a) owner occupiers who are cashed up from selling their own place and willing to pay over the odds as they have missed out on other properties b) renters who are sick of how hard it can be to get a rental and again, are willing to pay...

slightly odd negotiations are a favourite of mine, if there is an opportunity for me to be involved let me know. odd ones can often create great profits imo, just need to be creative and also reasonable.

A house in Vic Park had 130 people through a home open yesterday. 130. ive potentially got up to 10 properties to be sold this year, hope the market is still as hot

Im seeing some genuinely surprising prices out there, to the point that im considering flipping a site i bought and havent settled on. I reckon there is up to $100k (15%) to be potentially made for no risk and 12.5k outlay but there is a lot more to be made developing it.

I actually kinda hope Maylands doesnt completely lose all the feral factor, we have a terrible habit of sterilising anything remotely interesting in Perth. I think Maylands cleaning up was always inevitable, too good a location not to happen. Close to the city, good train and bus services, on...

im seeing pretty good gains in maylands, a 2x1 villa recently sold in a week for 400k, i think that would have struggled to get 360k 12 months ago, prob 340-350k. long may it continue, ive got a few coming on the market there mid year.

Stockholm syndrome?

Unless theyre doing multis how on earth are they making good profit? Every time ive looked in the area i havent been able to see more than 10-15% profit on deals

she certainly seems to have a successful formula, pretty impressive does she project manage the whole reno too?

wow! actually i remember reading an article a couple of years ago in one of the property liftouts, was she interviewed? from memory it was an interior architect who was selling her property in mt lawley

agreed my initial thought when this came on was that it was pretty cheap, especially as the one next door is for sale at a similar price but needs a lot more work pretty average location but a lot of house for that price in nedlands

no problem, good luck with the finance application (and purchase)! any chance you'd be able to PM me the other property details out of curiosity?

i believe 67sqm interior, courtyards are around 40-50 sqm excluding the areas for shed, clothes drying etc which are another 20- 30 odd sqm for each unit. (i dont have it in front of me at the moment so cant give you exact figures) 2 carbays each price - havent decided exactly but prob in the...

mods feel free to delete if that is not allowed btw