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]

Please check this out – FYI

https://www.propertyinvesting.com/topic/5040648-for-your-protection-read-this/

Benny

Hi Shehan,
I had held off responding, as I have absolutely no knowledge of Melton, nor Melton South. From your short description, it does appear to be a new development area. Even today, you are saying there is a lot of new development going on. Now, that could be good, or bad – for these reasons:-

If it already has some history (years of…[Read more]

Hi Belvede,
Just so you know, please do read this link:-
https://www.propertyinvesting.com/topic/5040648-for-your-protection-read-this/

As you will see, that is a course that has restrictions on its sale.

Anyone thinking of buying this item, also see that link and the warnings therein.

Benny

Hi Hilly,

Just adding in a little curve ball. If property management fees weren’t tax deductible would you still be giving above 5? Or is this tax deduction a big part of why property management is a way to go?

Just like in my previous answer (where I differentiate between 7 and 8) – one aspect is purely monetary, while the other ranks the “…[Read more]

Hi Hilly,
Good on you for having a go at quantifying something that is perhaps a bit intangible. I couldn’t easily answer you poll questions, so thought I’d throw a few ideas into the mix so you can ponder.

My results over time would have ranged between 4 and 10 on your poll. Had I bought anything out-of-state, I perhaps might have needed…[Read more]

Hi Cava,
If your income is regular, you may well have possibilities. In a nutshell, a $30k income might have some excess income left to fund a mortgage, especially if your needs are modest, and especially if these are to be for investment, where a rental income will pay for all of the mortgage cost and then some. How much you might be able to…[Read more]

Hi Klaus,
Wow, that sounds quite unfair and should be remedied. It seems like there has been some serious mis-communication happening. Now, I don’t have experience in this subject, but, since you are in Queensland, I would think your next port-of-call should be the RTA (Residential Tenancies Authority) to get advice and perhaps even some help…[Read more]

Hi Klaus,
Wow, that sounds quite unfair and should be remedied. It seems like there has been some serious mis-communication happening. Now, I don’t have experience in this subject, but, since you are in Queensland, I would think your next port-of-call should be the RTA (Residential Tenancies Authority) to get advice and perhaps even some help…[Read more]

Hi Jay,
I had a few more thoughts :-

The owners stuck to cosmetic reno’s modernized it, and it just sold for $580,000. This is a dramatic increase from 12 months – 2 years ago. This should give an idea of the potential for value adding in a cosmetic reno with my place due to it’s current value.

Check on the median values in the area – they…[Read more]

Hi Jay,
Seems you got a lot out of my thoughts – I’m happy, as that was what I intended.

You asked:-

Also, just wondering why you calculate the return off the total value. Wouldn’t you calculate the return off money owing aka your investment? So 480pw = $24,960, @ $380k investment = 6.5% gross return. No?

There are several ways of c…[Read more]

Hi Kristyn,
This is one demographic that is of very high importance – Steve outlines it well here:-
https://www.propertyinvesting.com/watch-out-for-this-simple-stat/

In essence, always buy in an area where Owners outnumber Landlords markedly. Because Homeowners don’t relish losing their house, they will hang on by their fingertips no matter…[Read more]

Hi Jay,
I penned a few lines to see if my thoughts might help – here we go:-

The “numbers” should help to tell you the way forward. Using Steve’s investing mantra, an investor’s goal is largely to “Make the most money, in the least time, with the lowest risk, and least aggravation”.

So, let’s now look at your “Today” vs “other options” in…[Read more]

Hi Kurt,
Welcome aboard, and it is good to see you asking before doing – many seem to shoot first and ask questions later (and that can be dire, depending on just what was done…) :o

Rentvesting doesn’t seem too wise, as it’s lost money,

Kurt, they say that too about Rent (even if not investing). But then, some other points go un-noticed, and…[Read more]

Hi Kurt,
Welcome aboard, and it is good to see you asking before doing – many seem to shoot first and ask questions later (and that can be dire, depending on just what was done…) :o

Rentvesting doesn’t seem too wise, as it’s lost money,

Kurt, they say that too about Rent (even if not investing). But then, some other points go un-noticed, and…[Read more]

Hi Ajay,
Luke made a good point here:-

Coomera has got heaps of supply so in my opinion will not sustain growth as well

Upper Coomera is a much newer area (approx. 15 years old) with wide open spaces around it. Mermaid Waters is boxed in and is right near the CBD/tourist area of the Gold Coast and. Coomera in comparison is halfway to…[Read more]

Hi Ajay,
Luke made a good point here:-

Coomera has got heaps of supply so in my opinion will not sustain growth as well

Upper Coomera is a much newer area (approx. 15 years old) with wide open spaces around it. Mermaid Waters is boxed in and is right near the CBD/tourist area of the Gold Coast and. Coomera in comparison is halfway to…[Read more]

Thanks Corey. And back to you, Simon – are these extra funds planned to be simply a Deposit on a future property? If yes, then maybe take a look at a Bank Guarantee or a Deposit Bond instead – the equity withdrawal can then be left until the actual transaction is due to go ahead, when the equity can then become the Deposit at settlement.

Or…[Read more]

Hi Corey and Richard,
Could a Stat Dec to the effect of “I undertake to only use these funds for investment purposes” go some way toward satisfying the lender? As I understand it, a Stat Dec is not something to swear to lightly – but would one be enough to cover the lender’s needs (especially since it is an existing lender, and not one where…[Read more]

I didn’t end up looking at the Mermaid Waters

Fair enough Ajay – good luck with your hunting !!

Benny