I appreciated his work so much that I immediately shelled out a few dollars to purchase his book, titled “Mirrors and Mazes”. I can’t wait for it to arrive.

Woohoo – it’s here !! And now that I am able, let me state a few more thoughts from this book that might turn a few hypothesese on their heads – like this one:-
“For those who talk about…[Read more]

Absolutely with you re “Caring for the environment” Jason. I’m sure we can be doing lots better in that regard too – i.e. don’t clear timbered areas to build homes. Leave the trees there and build homes where there are no (or few) trees. Don’t be in a rush to knock down old homes – the wood therein has captured a bunch of carbon, so fix it up…[Read more]

Hi SBH,
Back to my earlier comment of mine:-

it sounds like I am asking more questions than I am answering, but that is purely to start you thinking around the whole subject, rather than just concentrating on “do I sell this or not”? There are many good reasons why you should and/or shouldn’t. Becoming more aware of ALL your available optio…

[Read more]

Hi SBH,
Back to my earlier comment of mine:-

it sounds like I am asking more questions than I am answering, but that is purely to start you thinking around the whole subject, rather than just concentrating on “do I sell this or not”? There are many good reasons why you should and/or shouldn’t. Becoming more aware of ALL your available optio…

[Read more]

Check out the forum called “Heads Up” where we discuss things like meetings – here’s the link:-
https://www.propertyinvesting.com/forums/community/heads-up/

To find it at any time, click on “Forum” (top centre-right of any page) and scroll down to the Community section where you will find “Heads Up” along with other community types of…[Read more]

Check out the forum called “Heads Up” where we discuss things like meetings – here’s the link:-
https://www.propertyinvesting.com/forums/community/heads-up/

To find it at any time, click on “Forum” (top right of any page) and scroll down to the Community section where you will find “Heads Up” along with other community types of forums.

Looking…[Read more]

Landlord Insurance perhaps? Of course, you might be thinking of some kind of Body Corp Insurance (i.e. to insure the common areas as well as the individual units).

I am quite unfamiliar as I’ve only ever owned private homes – perhaps someone else can come up with a better answer….

Benny

Hi SBH,
Re the “Rentvesting”, you might want to use the Search feature (click on Forums, then “Search”). One result I found from doing that led to this topic:-
https://www.propertyinvesting.com/topic/5041971-newbie-getting-started-2/
That might prove useful to you.

You also ask this:-

Is there a benefit in the long run to own a house in…

[Read more]

Hi SBH,
Re the “Rentvesting”, you might want to use the Search feature (click on Forums, then “Search”). One result I found from doing that led to this topic:-
https://www.propertyinvesting.com/topic/5041971-newbie-getting-started-2/
That might prove useful to you.

You also ask this:-

Is there a benefit in the long run to own a house in…

[Read more]

Hi Steven,

Technically buying a new house is not “adding” to the number of homes available.

It may be a matter of semantics – but to me, if there are (say) 600,000 rental homes in Australia, a builder builds a house, and I buy it as an investor and make it available to rent, then there are now 600,001 homes available for rent. If someone els…[Read more]

Hi Steven,
Good question – I think Labor’s intent is to only reward those investors who are ADDING to the number of homes available. Buying second-hand doesn’t increase the total number of houses, so no “bonus” for these investors.

But, as Steve had mentioned in an earlier article – “We really need to wait to see just what Labor proposes…[Read more]

Hi SBH,
I can’t make any comment on the Perth market as I live on the East side of Australia. However, it is good you are asking before “doing” as there are a number of things you should check out before you make your next move.

First off, there are Tax benefits in selling your first home before buying another (and it might mean you can…[Read more]

Well, I missed the Dec 2018 “anniversary” to update this (would have been 10 years). So here we are in Mar 2019, and we are seeing a price correction in play currently. Syd and Mel have had their values settle back somewhat from their recent highs. All to be expected. Pundits right now are stating “We will see a 20% drop before the trend…[Read more]

Hi Harley,
This is where “your own situation” is most important. What does your situation need? Cashflow or growth? In all of that though, remember that cashflow is king. Like, if you suddenly don’t have a job, then payments (if negative geared) can become a monster that could eat you alive.

You are in a great situation to make a…[Read more]