Hi Kenif,

owners corp say courtyard area not common property, my courtyard so water leaking through walls my problem.

Hmmm – OK, so this is a private courtyard then. Are you alone in having your own private courtyard, or do other owners ALSO have one, and, most importantly, are THEIRS leaking too?

What I am getting at here is this – if the…[Read more]

Hi Hem,
I’m sure there are many good companies out there. Main thing is, what are you wanting to buy? If you don’t know, then others might have a plan for your money (or Equity). Watch out if ANY company follows this script:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/page/3/#post-5038486…[Read more]

Hi San,
My initial reaction was “WHO would want to live 3Km from a major airport?” Of course, that was a kneejerk reaction from a residential property investor.

A better thought would be to consider commercial rather than residential – i.e. sell the land to a hotel chain, to an industry for warehousing, a rental car company, etc,…[Read more]

Hmm, here we are 18 months later – I happened to be rereading this topic, when two comments from above fused together in my mind, and a huge lightbulb lit up !!!

Here they are:-

1. from the original poster – “From the start it is cash flow positive.”
and
2. from several reply posts – “…you will only get a 60% loan and that’s if y…[Read more]

Hmm, here we are 18 months later – I happened to be rereading this topic, when two comments from above fused together in my mind, and a huge lightbulb lit up !!!

Here they are:-

1. from the original poster – “From the start it is cash flow positive.”
and
2. from several reply posts – “…you will only get a 60% loan and that’s if y…[Read more]

Hmm, here we are 18 months later – I happened to be rereading this topic, when two comments fused together in my mind, and a huge lightbulb lit up !!! Here they are:-

1. from the original poster – “From the start it is cash flow positive.”
and
2. from several reply posts – “…you will only get a 60% loan and that’s if you are l…[Read more]

Hi Kenif,
I agree there should be “somebody” responsible for this, and I would doubt it should be up to you to fix. If ten years old, could it still be the builder themselves – I vaguely recall limitations of about 6 years, but that might vary depnding on whether a private home vs an apartment block? In short – I don’t know !!

If you drew…[Read more]

Hi Pascoe82,
Once again, Terryw is “teaching us to fish” rather than giving us one. One super important learning re Offsets (and indeed ANY accounts relating to property – savings, redraw, cheque, etc) is spelled out rather succinctly by @terryw here:-
https://www.propertyinvesting.com/topic/4997918-redraw-from-an-offset/#post-5029521

Have a…[Read more]

Hi Pascoe82,
Once again, Terryw is “teaching us to fish” rather than giving us one. One super important learning re Offsets (and indeed ANY accounts relating to property – savings, redraw, cheque, etc) is speeled out rather succinctly by @terryw here:-
https://www.propertyinvesting.com/topic/4997918-redraw-from-an-offset/#post-5029521

Have…[Read more]

Hi Andrew,
Just a quick note – sorry I can’t add anything of value as an answer for you though.

I noticed your post had “disappeared” off the front page. We have a number of members who swing by over a weekend, so I wanted to put your question out front (my reply post does just that) so someone with knowledge in that area might see it and…[Read more]

Hi Andrew,
Just a quick note – sorry I can’t add anything of value as an answer for you though.

I noticed your post had “disappeared” off the front page. We have a number of members who swing by over a weekend, so I wanted to see your question out front so someone with knowledge might see it over the next day or so,

Benny

Hi Warren,
Although I’m not one who has enough experience to help you to answer this one, I wanted to reply to bring your question back into view for those who CAN answer it to take a look. It seems you have already done a lot of digging, and have provided a very complete set of “What-ifs” for others to contemplate – you deserve accolades for…[Read more]

Hi Laura,
I know years back (and probably still today) I recall Steve saying something like “What are you prepared to give up to reach your goals?” He was pointing out we all have 24 hours a day, and these hours are apportioned according to how we choose. It may be that your time is “full” which means you will need to give some thought re…[Read more]

Hi Jsoe,
If it is important to be in your sister’s name, then the CGT and Stamps will be the cost to do it. Keep a couple of things in mind re CGT:-

1. Have you owned it longer than 12 months, or not? (A 50% discount on the CG calculation if held longer than 12 months).

2. Consider whether to sell in this FY or next (and Sale is deemed to…[Read more]

Hi Kenif,
That sounds to me like a Body Corp thing. But do note that I have never owned a unit, so my thoughts are not from personal experience. Hopefully someone with experience might step up to correct me, or to add some value for you. Good luck with this – is the courtyard ground surface higher than the level of your floors? It sounds…[Read more]

Hi Valluvan,
I noticed no-one had “got up to dance” on this one, so I wanted to share a couple of thoughts with you.

First, I would think deciding what type of property you are planning to buy, and what financial limits you have should be sorted before choosing an area or a BA. Have you got these all mapped? Of course, the finances can…[Read more]

Hi Mick,
I think the basis of what you are seeking sounds quite sensible. One part I would question is whether your situation calls for a Growth property vs an Income property. It is fine to purchase for Growth, but often these don’t return enough $$ to cover costs, thus you are contributing from your own pocket to hold it. If your situation…[Read more]

Hi Dave,
You have just confirmed it, so what a good place you are in. It is smart to look elsewhere too (to test the water?) but there are ways of doing that without upsetting what appears to be a very solid situation. Here are a few more thoughts, just because…. ;)

Yes currently 60k after costs which I realise is a good position. And no…

[Read more]

Hi Dave,
If I am reading this right, aren’t you receiving $60k pa over and above costs? Or are there more costs after the mortgage? Rates? Insurance? Maintenance? Anyway, from what I think I am seeing, you have a 25 year income that exceeds your working wage. But, since you like your work, you will probably stick with it anyway.

To me,…[Read more]

Hi sbav,
I imagine books (and maybe even DVD’s or CD’s) might be OK, depending on the original supplier. Some companies might be OK for these to be onsold – some may not. Maybe contact Cherie Barber to see if her DVD’s may be onsold.

Really, it is all about “caveat emptor” in the end. And whatever the Latin is for “Seller beware” too.…[Read more]