I must say that this is an extremely informative forum and I am looking forward to learning from the members and hopefully I can have some input.
A bit about myself.
My name is Warren and I am based in Ipswich Queensland however am currently working and living in the Solomon Islands.
My wife and I have been renovating, building and investing for a number of years now.
We purchased our first property approximately 11 years ago before we got married and pretty much caught the property but then. We renovated the house, sold it privately and enjoyed the experience thoroughly.
Since then we have built 1 house which was supposed to be our dream home but after 12 months got the bug again and purchased an old colonial home (will call this colonial 1), moved in and started renovating (rented out the dream home). Whilst renovating this property we found another colonial (colonial 2) in the perfect location so we purchased that one and put the builders to work.
Whilst all this was happening we managed to both score employment in the Solomons so rented out colonial 1 and put the mother in law in the colonial 2.
Once over here we got the bug again and purchased an old post war home (over the internet and with the assistance of the mother in law). We held onto this for just over 12 months and due to the continuous problems with tenants sold it for a tidy profit.
We are now in a situation where colonial 2 is almost complete but is in such a good location we will hold onto it, dream home is rented privately and almost pays for itself, colonial 1 is rented out with good tenants however will be a seller when we return but you guessed it we have the bug again.
We are researching property on the Sunshine Coast and looking at our options which lead me to this informative forum.
There are so many options that we really want to research thoroughly in order to acheive the best outcome. Our thoughts ATM are
1. Purchase an old canal front home that needs some TLC and reno.
2. Purchase an old house within 200m of the beach for reno
3. purchase a house for demolition in either of the above locations and build an newie.
Sorry for the long intro but just wanted to give a good overview of where I am at.