Hello Macro,

I dont know if you have investigated around the snowfields or close to there. I have had a little look, but not indepth.

Bonuses are high rents during ski season, and also now the attraction of summer visitors to the shi fields too.

Just a suggestion, good luck.

Red,

Good idea, I agree with PK, allow a little extra for blow outs, some how they just appear.

I did a spread sheet up for potential purchasing i/p wich I find extremely useful and saves time.

Maybe you could add something like “time factor” & “time Frame”, this would include being on site with the tradies, organising quotes etc etc and…[Read more]

YC,

I have been a subscriber to his email for approx 12 months, and have found the information contained with in excellent. I have not ventured that way with them yet ( I’m in Sydney not that stops me) but when the time arises, look forward to it

Cheers

Hb & Anitia,

I have mad a boo boo with my figures there, ( I blame it on my shift work sorry ).

Was looking at figures for something else.

The CP I was referring to, I was out by $ 100,000 opps.

Price is $ 269,000 @ $ 26,000 rent a year, still positive by approx $ 7,000 a year.

Had to post back here to clarify my err there.

Anita how you…[Read more]

Hello Cam & Guys,

I have just recently reno a 2 bedroom unit here in Sydney. Some of the top points for units that I believe attract greater value, quality tennants, and rents are: ( no particular order.)

1). Kitchen, modern, ergonomics, space conscious.

2). Bathroom, modern, storage, sleek n clean.

3). Carpets

4). Blinds

5). Security, this…[Read more]

Vyvyen,

Maybe you can make it much more attractive to them, such as rent free, although cashflow wise this will not assist you, but it may help your dream house a little more.

Mate, I believe alot of the comments above are true, i.e. property fresh on the market, you have put in a low offer. Would have been great if the accepted it, but they…[Read more]

Pk, always good to have a good laugh, didnt know three stoogies did renos hahah. Good positive reading Kp & Resi.

Keep it up

Aaaa the life, Pipe good question to see if it does exist, its something I aspire to, (but 32 now), but I dont think you actually stop working and retire as such, but have more options to exercise that you may not have been priveledge to before.

Them longer fishing trips, four wheel driving is definately a calling

I hope to be in that position…[Read more]

Unfortunately I am in Sydney, however I would be willing to share my views with, maybe help you Wa’s out lol

will pm u with email

Hello Bofclark,

Maybe you can try EBM Insurance, not sure if u allowed to post info here, (prob get trouble for this), they specialise in investment property insurance etc etc.

I use them (03) 9853 4666

Cheers no kick back here

[blush2] should really proof read before I post there

Sorry about the errors there.

Feel like adding a bit more Anita.

I am about to purchase a commercial property same price tag as yours.

However returning $ 500.00 a week.

But this may vary on location, you may get better capital growth in your location than mine

Keep searching and good…[Read more]

Anita,

Think my above will answer your question re gst too

Why did they change plans re living on premises? Chances are it may have not been approved by council or strata, just my guess.

Anita another thing I would like into also, is what kind of phase power is in the work shop?

Is the work shop specially fitted or has multi purpose?

Always…[Read more]

Harley,

Dont quote me here re: the gst,

But it is my understanding, if you buy a commercial property vacant or without lease, then the purchase price will attract GST.

So if you go commercial definately better to be tennanted.

Why pay GST when you dont have too

Cheers

Hey Barniboy,

Your situation is not uncommon at all unfortunately.

If you have the time on your hands, maybe manage it yourself, but saying that there are many issues to consider.

1) Finding new tennants

2) Advertisement

3) Background check of tennants

4) Regular Inspections

these are just a few to consider in managing yourself, not to…[Read more]

Hello Ganakars,

I think we have all been where you are ( some still there too). But you have taken the step to learn.

When is the last time you had your property valued ?

Just quickly looking at the sums you have supplied, it looks like you have approx $68,000 in equity in your current home.

There is nothing wrong with using this equity if…[Read more]

Pen,

Pay it yourself lol just joking!

You can put seperate meters in, for individual accounts, but this comes at a cost, might want to check it out.

But buy doing this way also saves headeaches, like I use less than them etc etc.

Cheers and good luck

Hello West wealth of info as normal you are

When you talk about your team in the USA, is this like accountant, solicitor etc,
or
research team
or
group of investors, investing together?

Just trying to catch onto the lingo.

Cheers

Dazzling,

All I can say is WOW, how impressive, you have definately built great applied knowledge, and have the confidence to grab the bull, not just by the horns but

Well done great reading.

P.s dont think West will be upset, personally this is fantastic reading about success, and achieving / striving to possess the ability to take full…[Read more]

me again heheh, the below link is more property specific.

happy reading

http://www.investopedia.com/search/results.aspx?q=property

Cheers

Just found this site, you may have already seen it before, if you havent has some useful info on it for the US.

Even if you start from its home page and navigate around, bit of good reading.

http://www.investopedia.com/articles/00/102300.asp

Cheers.