Hey Fullout,
The simple rule for me is you should insure what you are worried about.
For property insurance then I will insure for replacement cost and site clearance costs to enable the replacemnt.
In the case of Landlords insurance many people choose to take this because it protects their property from a malicious tenant. The trick with…[Read more]

Hey chandara,

Would I be right in guessing that the properties you bought are units ?
That certainly makes a difference in the cashflow.
Talk soon.

Enjoy
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(Andrew)

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

Hey there Buck,
To the best of my knowledge you are correct in what you say. If a trust does not distribute then it pays top matginal rate. There may be a few angles here but best to talk to an accountant.

Enjoy
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(Andrew)

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

Hey Chan,
Out of interest what sort of prices are you paying in Logan and what rent do you expect. I only ask because i am always interested to see what southern investors consider wortwhile costings. Look forward to hear from you soon.

Enjoy
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(Andrew)

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

What little I know Tony I am willing to share. Drop me a line if you want.

deero@optusnet.com.au

Enjoy
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(Andrew)

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

Hey Fullout,
IO as requested. Using your figures.

$74700 x 6.11% / 12 = $380.35 per month.

Enjoy
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(Andrew)

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

Hey Soosh,
What do you mean that IO is illegal. I find that very hard to believe as nearly all lenders offer IO loans. IO being illegal would really shake up the market. Could you explain ??

Thanks

Enjoy
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(Andrew)

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

Hey Godfrey,
I would do a little checking around ASIC and such as I read something in the paper not long ago that mentioned their practices being investigated.

I have friends who bought a property through them and while not unhappy they sold the property on as they realised they could source better properties (price and position) for themselves…[Read more]

Do what the market can afford and what you feel confortable doing. There are no rights and wrongs here. It is subjective.

Enjoy
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(Andrew)

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

What are you buying the property for 6×1. Hold, reno, etc. That will give me a frame to answer if you would like me too.

Enjoy
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(Andrew)

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

Hey Nicks,
The most important thing to come with is an open mind. Get plenty of sleep leading up to the event as it will fill your mind up with possibilities. Keep on researching Real estate before the event and reading what you can as that will all build your knowledge base. If you have a good framework of understanding the many facets of Real…[Read more]

Hey there Al,
Welcome to the gang.
My thoughts are very similar to David. You need to get rid of that debt and start looking for how you are going to grow that extra cash reserve you have in property. There are a thousand ways to make money from property and you need to find the one that suits you. Read, read , read. Go back through the posts here…[Read more]

By the way I should add that I get nothing from Steve in way of financial rewards for moderating. I will go to the next seminar because I love meeting people who are keen to learn and do things (it will be great to put some faces to names). I do the forum because it is great to learn and help others.

I just wanted to say thanks to you people out…[Read more]

Hey Paul,
Here is how it is different for me.

I have earnt $70K through renovation this financial year. My Property nett worth has increased from $150K to $550K. I have done a wrap which was great fun and more will happen (and I made money and helped someone).

This was all due to this site and more specifically Steve McKnight. You can rave on…[Read more]

Hey Chan,
The reality at present is that I buy anything I can that works. Things are getting tighter as more people become aware f the investment opportunity. I would love to be able to give away deals to everyone but that at present is not a reality. People like Hilary are invaluable and the service they offer is great for those who cannot get…[Read more]

Paul,

I think I see what you are saying but the honest truth is that two properties in the same area that were $100K different would probably rent for different money. On the flip side if ou can show me a house in a suburb that sells for half the price as the next house and rents for the same money I’ll buy three !!!

As to competing with the…[Read more]

Hey Paul,
I think I see what you are getting at but I am unsure where such an option exists.
Most renters choose an area they wish to rent in and then find the property that best suits them. In any given area that a renter will choose to live there are predetermined rental prices. If they cannot afford to live in that area then they downgrade to…[Read more]

Hey Flinders,
Sounds like you have it all working well. Maybe freedom is only just around the corner. How many properties has it taken you to get to where you are today ?

Enjoy
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(Andrew)

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

Congratulations Quasi,
May you be as happy as I am with my own princess. Enjoy your future together.

Enjoy
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(Andrew)

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

Hey Sarah,
Welcome to PI.com.
Wow, if there were only an easy answer to your question.
Seems that you have a gross return of around 7.9%. That is not a bad return but if it suits you depends on ………….you.[]
What are you seeking to achieve from your property path ? Capital gain or Cashflow is an interesting conundrum and Queentin has some…[Read more]