Our second investment property in Ferntree Gully, located in Melbourne’s outer eastern suburbs at the foot of the Dandenong Ranges was purchased in 2005. The rental property was advertised for $240,000 but the current tenants has abandoned the place, their possessions, left and appalling mess and were behind on rent. They were also being pursued…
Cashflow positive property investment in Melbourne’s south-eastern suburb, Langwarrin. Calculating the threshold for positive cashflow when the property cannot be subdivided and doesn’t require renovation. Not to mention helping out the vendors in a desperate situation.
Up along the Murray River in the riverside town of Mildura we located a great little three bedroom house for sale. This Department of Housing property was un-occupied due fire damage in the roof and subsequently boarded up. This created a perfect opportunity for a small, quick investment opportunity while the market was tight…
This project in Rowville was a small corner allotment sub-division. The original home is a three-bedroom brick veneer home with generous entertaining areas. We purchased this with an aim of subdividing the land and building a new home on part of the backyard. The house was purchased for $540,000 and had a lot of interest,…
Turning 1 house into 3 with FREE relocatable homes in Merriwa NSW