Hi Patterson,

Quote:
I think I'm right in saying that if the building is post 1985 I would be able to claim section 43 ( the building itself) so the value of schedule would be higher. /

  That is one to think about a bit.  As I recall, lots of books mentioned the properties between 85 and 86 were able to be depreciated over 25 years (at 4%)…[Read more]

Hi Shelby,
  Back about 20 years ago, Eagleby is where people with little money were sent when they couldn't afford Woodridge.  Prior to that, Woodridge was where they sent people with little money.   So, Eagleby didn't start well, and, unlike Woodridge, it doesn't have the infrastructure that Woodridge has (train, huge shopping centres, bus…[Read more]

Hi Prado,
   Sorry I can't help you as I don't know Victoria.   Could it be that you might need to look outside Sunbury itself – like major centres up to 20Km away?   Looking after your property shouldn't usually require daily intervention, so once a good Property Manager is found, they probably wouldn't need to visit more often than every 2 – 3…[Read more]

Hi KSJA,
  I just saw this :-
https://www.propertyinvesting.com/forums/help-needed/4349569#comment-297139

  Something like that could fill in the blanks re "How much was in Offset after 10 years, allowing for reduction in interest payments over that period."

Benny

Hi Qlds007,

Quote:
Doable but needs a rethink on strategy.

   Hmmm, yeah – we need to know more of the seller's situation.   I figured just by asking for VF it would show a bit re the seller :-

1.   The seller was good enough to grant an extension without cost – maybe they have reasons to WANT this sale to go ahead.  

2.   Whether VF was even…[Read more]

Hi Baibai,
    Truckloads of luck – I hope you are finding your way forward.   And welcome to the forum too.

    Just a thought out of left field – if the vendor was not needing ALL of the money right now, is it possible he might leave 20% in the deal as Vendor Finance?  This would mean a whole new look at things – but, if they are wanting to…[Read more]

Hi KSJA,
  Good on you for putting it out there !!   There have been several posts recently discussing this "Interest Only" side of things.   Probably because our Mums and Dads (or grandparents) were brought up that you "Pay cash for most things, and pay off as quickly as you can those large-ticket items like houses!"   Sound familiar?

  So many…[Read more]

Hi anc,
 

Quote:
In terms of what amount to put down as a deposit, i was thinking 100-120k, and the rest straight into the offset.

  Pay the minimum Deposit you can – you may wish to avoid LMI, in which case it would be 20% (or $64k) but do consider whether it might be better to pay LMI (in the early 80's it is not very expensive) to retain…[Read more]

Hi MI,

Quote:
Love it but where can i buy around 500K in Brissy with Positive cash flow?

2 x $250k IP's should be able to do that. 

Or look outside the square – another post today mentioned "executive renting of apartments" – a huge return if furnished well.  Works in Sydney – but will it work in Brissy too?    That I don't…[Read more]

Quote:
Interesting to observe such a separation between action in prices in mid/low end of the market versus high end and luxury properties. They act almost totally independent to the eyes of the observer.

  'Twas ever thus(??)   I recall my earlier readings of books (about 15 years ago) making this very observation.  And yes, examples of…[Read more]

Tonight, I stumbled over a post that has a go at answering the age-old question :-

   "Should I buy a PPOR (Principal Place of Residence – your own home, that is) then buy IP's afterward, or <strong>should I buy IP's first and a PPOR later?"

The link below takes you a very well-written post with examples (and $$ amounts) that show which way is fi…[Read more]

Tonight, I stumbled over a post that has a go at answering the age-old question :-

   "Should I buy a PPOR (Principal Place of Residence – your own home, that is) then buy IP's afterward, or should I buy IP's first and a PPOR later?"

The link below takes you a very well-written post with examples (and $$ amounts) that show which way is financiall…[Read more]

Hi jpc,
  Solid answers already – to add to them, I would say a "Rent vs purchase price" yield calculation (or Gross Yield) is useful when deciding whether or not a prospective purchase  deserves any more of your time.  e.g. your goal "might" be to only buy properties that produce a gross yield of 7% and above (you pick the number).

  So gross…[Read more]

Hi Boro,
  I see you have just joined up – welcome !!    Your name is on the bottom of the screen, but don't worry – it will be gone pretty quick as more people join and nudge you out of the way. 

  Good work for getting some of the early work out of the way (seminars, books, etc).  Don't worry, it gets exciting pretty quick. 

  Re your…[Read more]

Hi Raminder,
  I see you have just joined us recently – welcome !!  

Quote:
can i please get help with what thinks to keep in mind

  It is great that you have come straight out and asked for help/ideas, etc.  Property investing is quite a forgiving strategy, but there are tricks and traps, so the more you are aware of before you start…[Read more]

I recall this kind of thing happening around 2000 – 2002 (I think).  Everything was booming, and these groups would tout "cheap properties" by bussing people to smaller towns/cities.  Of course, ANY more remote town is going to have a completely different pricing structure to Syd, Mel, Bne, etc.   So they promoted these "cheap" places – even with…[Read more]

Hi Catalyst,
  Well put, Catalyst !!!

Quote:
Networking is THE key. There are loads of people out there that know something you don't. Many of whom are willing to chat.

   Write that in big, bold letters, for sure.  

  … and yeah, Remember- you don't know what you don't know. – that too….

Benny

Hi Chris,
   Let me echo what so many have already said !!   First, welcome – you have come to a good place.   Take notice of the helpful suggestions, and you will be blown away by what you can achieve.   It is great to see one so young, yet knowledgeable enough to know when they don't know enough….

  The answers are all here – and yes, +1 for…[Read more]

Hi Rob,
  Sorry, I can't help with any names re the Cert 4, but I note you are in WA, and wondered if you have had a chance to "look around" at the property market there.  You say you are new to it, so I might be jumping the gun…..   

  I don't know what is in a name, but Port Hedland is a place on my Bucket List (in reality, I'd like to see a…[Read more]

Hi microchip,
  I can't help directly with your questions, but just wanted to offer an example of "options available to you" (possibly, depending on which Council…..)

  Here is a link to the Brisbane City Council…[Read more]