I will look at Beenleigh as well.

Firstly I will be looking at Redlandshire and if I can’t find any, i will look at the Logan area.
Dince I live in NSW, reno is out of my reach.

Pusstes, would you mind telling us why your buyer’ agent selected Hillcrest.
Is it becuase of the yield , vacancy rate or CG ?

Thanks

I don’ think this is fraud.

when I purchased my 2nd PPOR while living in my 1st PPOR, I did not have enough income.
My 1st PPOR can return only 180$ a week while my 2nd PPOR can return 450$ a week.

The bank said they don’t care which PPOR I live as long as I can get a rental appraisal from either property that can support my servicing…[Read more]

You ca get those data from Property Investor Magazine, Property & Life Style (QLD) magazie and also from REIQ as well

Reclifee : $190/week
Redland : $210/week

Nobody likes ATO auditing.
Do you ?
Someone who had been audited, said ‘They (ato tax men) are bxxtxxd’. Even though you didn’t do anything wrong, you won’t feel comfortablw with them.

What benefits on that package ?

I mean discount % on 5 year fixed rate and variable rate … etc.

He also said most old houses (> 20 years old) will be in high category.

I just spoke to the pest inspector.

He said that in QLD, termites are every where. If he finds live termites, he classfies the risk
of termite attach as high (as opposed to moderate and moderate to high). Most of the houses
(more than 50%) will be in moderate to high category.

Houses less than 3 yrs old will be in…[Read more]

I really appreciated all your advices.

Actually , the property is currently tennated and will be -ve geared.

Asking Price : $300K (been on the market for 8 weeks)
The agent said “since tennated and leased until Jan 2004, it is difficult to sell it to owner occupiers”

I offered : $265K
Owner said :…[Read more]

That is great hekp.

111111

My current strategy is to buy and hold

Thanks

111111

111111

I am also from Sydney. Last year, I went to Brisbane and purchased an IP there.

There were a few holiday apartments (in Cairns) advertised in Property Investor Magazine
For instance, Cameron Birds’ How to retire wealty. Most of the properties he recommends, are -ve geared and +ve cash flow.

If I can find out that Cairns is definitely…[Read more]

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They say tourism is starting to boom in Cairs and especially good time to invest in tourism props.

Why is it moving now? What has caused the market to move?.
I heard ( just general chat) that it is heavily based on the Japanese tourist market and any global events such as war etc will greatly effect…[Read more]

Would you know the rental vacancy rate in Woodridge/Logan area ?

[]

111111

I did go the Logan area a few month ago.
Actually, Money magazine recommened the Woodridge area a few months ago. Woodridge is only a few Kms from Logan. The magazine said, the prop prices are very low in that area and infrastructure is very good. I was thinkg of buying there. But I did not have time to do the research either.

I surfed…[Read more]

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I am both of those and I purchase through a structure to minimise the tax and maximise the protection. Even if I had to pay max tax…..I’m still making money.
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I presume you set up a family trust to minimise the tax. I beleive it is to minimise the INCOME…[Read more]

Thanks for your comments.

I am not against +ve cash flow props and either I am not pro -ve geared props.
I am just learning from experienced investors.

Alex

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-ve geared property is a waiting game that relies a lot on opinions and speculation, with little or no facts!! U have more…[Read more]

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11 Sec solution or rule is:
(weekly rent / 2) * 1,000 = Max buy price
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Will it be more accurate to use the net rent
(ie. rent – expense) rather than rent ?

111111

According to the SunnyCove management,
tenants are linig up.

Dou you need to know the management fee since the net yield is provided.

11111111

Bruce
Thanks a lot.
I went into the web site you mentioned and the book seemed to be a good one. I might probably buy it.

111111

I am very new to wrap.
Can I ask you a few questions ?

1. Which wrap pack would you recoomand ?
2. As a new wrapper, is it a good idea to
do your own wrapping or do a joint venture
with experienced wrappers
(eg. http://www.rentnomore.com.au) ?

100$/week rent on $20k property is a pretty good return. Can you tell me where the property is located please ?