You are welcome Mouze Den. Just gald you are asking the questions.

The question about the costs is a very important one. You should research this very carefully especially at a place like unilodge. you may find the costs outweigh the percieved cheap price. If you are after units why not try and source one yourself in a high rental area and try to…[Read more]

Hey Stricker,
Could you explain more about what you mean by that clause. What is the aim ?

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

House Mouze,
I am a land man…..I need to see a block of land that I own with a house as I have a strong belief that land carries the true value.
As to units in Brisbane though there is a large supply of them at present. For your own interest it would be worth ringing 10-15 agents and asking for their vacant tenancies in the area you wish to…[Read more]

Hey Ozchick. I just had a thought that John Burley’s book may help you guys get it all in order. A good read and helpful to sort out priorities.

When next you are making the decision of now or later. Just imagine yourself being able to choose whenever you want to later on because of your sacrifice now. We are making that choice because I can see…[Read more]

Well done Lance. Congratulations and keep on going.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Steve,
I know what you mean about the walk away thing[!]. Been there done that. It’s amazing how it can seem like life or death at the time and upon reflection a little less serious[]. Kinda like buying houses. If you miss “that” property what a worry….and yet like buses another good one will be along in a little while.

If you have problems…[Read more]

Hey Andrew. I would also love to do such a course but in all honesty I do not have the time.
Such is life.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Melissa,
If you are currently living in the first property when you sell it and move to the second property then the first property will be CGT free (under current rules). If you then sell the other property 5 years later you will pay CGT on a scale of 75%. (15 years out of 20 years ownership as investment).
So in numerical terms…….

If…[Read more]

Hey Nelutha,
Welcome to PI.com. Wow….. so many good books to read. Mannie has made a great suggestion about Jan Somers book as it explains property investing pretty well. It has a negative gearing slant on it but it still teaches great lessons on property investing.
Another suggestion is to buy the Australian Property investor Magazine. Often…[Read more]

Anything you spend on the property is offset against the resale value.
eg.

Cost – $200K
Reno – $20K
Stamps, etc. – $5K
Commission (for resale) – $8000

Cost of house to offset – $233K.

Numbers are very rough but just some ideas for you. Please check with your accountant though as to your situation but shouldn’t be much different.

Enjoy
AD…[Read more]

Hey Gerard,
Welcome to the site. Mate have a look on the search function as I remember not long ago a discussion on this topis. Put in NII or National Investment Institute and see what turns up.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

When is it on Poochi ??

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

The other thing to think about Kim is talking to a broker and explaining what you want to do and seeing what they advise as to products. That way you get a wide range of possibilities in products. I wish I had known of brokers all those years ago when I had bought my first house….. Lesson learnt. Stu always offers help on the site (amongst many…[Read more]

Development Application approval.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Might be worth talking to a buyers advocate. They may do the hard work if you are averse to the hunting. I think it is still worth developing a relationship with an agent in the area you are looking and askling them to call ASAP if a deal comes through. THe only thing you must do is be there quick when they do call to show them your…[Read more]

Settlement depends on what you need. If you can get it vacant after unconditional then you can get in and start work on it. If you get a 90 day settlement then you have 60-70 days to work on the property on their money. Just make sure you put into the contract you want it vacant from a certain date and that you want access to complete minor works…[Read more]

Hey Spocky,
Maybe you might have to reno the property but if it gives you a positive cashflow after the work isn’t that a good thing. The costs of Reno will be added to the capital base so while it isn’t a deduction it will come off the cost. It’s amazing how a little bit of elbow grease can bring the property into a new light.

Enjoy
AD…[Read more]

Hey ollie,
No right or wrong here. What is your aim in investing? Does this unit fit the plan ? What are the costs of selling the unit ? Can you get a revaluation to cash yourself up for more buys ?

Good luck in the choices.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles…[Read more]

Hey ollie,
No right or wrong here. What is your aim in investing? Does this unit fit the plan ? What are the costs of selling the unit ? Can you get a revaluation to cash yourself up for more buys ?

Good luck in the choices.

Enjoy
AD [:0)]
(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles…[Read more]

Why not, all you are doing is providing finance. You could wrap a car if you wanted to. Go for it Hilary. The only thoughts to explore is what happens if they default to you when they have built a house on the property ??

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the…[Read more]