FInding Cashflow Positive IP's – it is already a "sticky", but now and then, we need to review what is already "up there and available to all".  

At least stickys can be found easily, but just in case you missed it, this thread contains FAR MORE than a suburb-by-suburb list of "where to go".

A lot of the posts in here deal more with the "How to"…[Read more]

FInding Cashflow Positive IP's – it is already a "sticky", but now and then, we need to review what is already "up there and available to all".  

At least stickys can be found easily, but just in case you missed it, this thread contains FAR MORE than a suburb-by-suburb list of "where to go".

A lot of the posts in here deal more with the "How to"…[Read more]

Hi Hamish,

Quote:
Is there a reason you want to invest in Victoria with something that seems quite "involved"?
What's your strategy towards buying there?

  It seems wilson wants the option of living in it himself. 

  If it is restricted to students or NRAS tenants, then he may not be able to do this.   And having it as his PPOR can be a very…[Read more]

Hi Wilson,
   I see you have joined us quite recently – welcome.   I wish I was able to answer your questions, but I'm afraid they are out of my league. 

  I thought I would say Hi, and get this bumped into the "recent" pages of this site.   Hopefully, someone else from down your way – Victoria, maybe Melbourne (?) – will see it and respond with…[Read more]

Hi Krystal,

  Welcome aboard !!   It is great that you have chosen to ask first – this is an area that can be a trap for many.  

Quote:
After speaking to my bank today, the issue they foresee is that I'll be using the equity from what would then be my investment for the principle residence – so there would be potential that the property was…[Read more]

Hi Ryan,

   I just noticed this bit at the end of your first post :-

Quote:
If I don't sell, both properties will probably be negatively geared in about three years, thus giving me less cash flow.
I'm leaning towards selling now…. 

  This is good that you are thinking it through.   If your preference is to sell, because of risk tolerance,…[Read more]

Hi LL,

Quote:
There must be some good in X Coll or other wise they would not allow it ?? so is there anyone with good stories on x coll??

  I recall a post (I think it is on this site) where a poster called "Dazzling" was able to purchase a huge commercial property with awesome returns by x-colling with his PPOR.  He saw it as a great way to…[Read more]

Hi LL,

Quote:
There must be some good in X Coll or other wise they would not allow it ?? so is there anyone with good stories on x coll??

  I recall a post (I think it is on this site) where a poster called "Dazzling" was able to purchase a huge commercial property with awesome returns by x-colling with his PPOR.  He saw it as a great way to…[Read more]

Hi CS,

   Your post is a little light on information, but it sounds like your cottage is not costing you much to hold.   With Interest Rates remaining quite low, maybe Fixing the Interest Rates would buy you the peace of mind re costs over the next few years.  

   Is the cottage your present home, and are you considering renting it if you don't…[Read more]

OFFSET ACCOUNTS – Often mentioned in glowing terms – and well worth knowing of when starting out.

Offset Accounts are worth a look at RIGHT NOW, new reader !! 

e.g. Your future might lead you to rent out your PPOR.  IF you had an Offset Account already in place, this would have eased your way remarkably.  Finding out about Offsets just before…[Read more]

Cross collateralisation (whew!!) or x-coll, or cross securitisation.

Cross coll often comes up for mention on here, particularly in an investor's early days.  

What is it, and why is it a problem for most investors?

It is often promoted within banks as it is in the bank's favour (NOT yours) to have your properties "crossed".   When going for…[Read more]

Cross collateralisation (whew!!) or x-coll, or cross securitisation.

Cross coll often comes up for mention on here, particularly in an investor's early days.  

What is it, and why is it a problem for most investors?

It is often promoted within banks as it is in the bank's favour (NOT yours) to have your properties "crossed".   When going for…[Read more]

Hi Dave,
   Welcome !!   You seem like you are in a great position to get going.   With a bunch of equity and what I presume is a very good income (for now at least??) probably the best I can suggest is to have you think of what kinds of investments would "fit" with your situation.

  e.g. if you are in a FIFO situation, with perhaps several days…[Read more]

Hi mixedup,

Quote:
Do property values generally go up when a newer suburb/area if developed adjacent?

  I'd say Yes, but with caveats (below)…..   Your comment re infrastructure is a good one, and an area can/will usually grow in value as the amenities grow. 

  The caveats that I believe will affect the actual result are these:-

1.  IF the…[Read more]

Hi Redwood,

Quote:
I will have to untangle the mess – unfortunately i will have to part with my banker if I do, but the question is did he act in my best interests by entering me into the arrangement in the first place.

  It could be that he did !!   In my earlier days, the broker I used arranged a cross between two IP's I was buying.  The…[Read more]

Hi Littlelegz,
   And welcome to you !!   With the equity you have, it seems to me that you don't need (and surely don't WANT) any x-coll.   Crossing properties just adds a level of complexity that will create more problems for you down the track. 

   Also, reading from the more experienced on here, it seems that some banks work with x-coll as a…[Read more]

Quote:
but it's really the last 10 years that I'm after.

Oh, I thought you wanted to see "10 year's growth" (which a 2004 issue of API would do, by comparing each suburb to today's API charts). 

But if wanting to see the spurts of growth within the last ten years, how would a select bunch of API mags do ???   e.g. buy one back-issue for each…[Read more]

Hi Peter,
  Welcome aboard !!    In the past, Home Price Guide provided this data – it used to be free, but now costs a bit (I think).

  The API magazines (Australian Property Investor) also provide a lot of this data.   I have some back issues that I would be willing to move on at a really good price if it helps (I bought them regularly between…[Read more]

Hi KSJA,
   All good questions mate – the main thing missing is knowledge of the stages required.  In simple terms, the first stage is to build your portfolio, the second is to pay down debt (after some time), and the third is to live off the portfolio.    There are many questions just to do with the first stage. 

   But let me give you a "more…[Read more]

Hey Mods,
  Folioinvestau happened to spam a thread that was 2 years old.   Now we have help from macraig for a poster who was last active in Apr 2012…..

  Might be worth culling these last few posts to let it settle back down again….  

  Your call,

Benny