Hi JB,
I just checked for myself and found that Frenchville is a (new?) suburb of Rockhampton. Since the map shows Frenchville as having lots of land to the East, and few roads, I am wondering if this is an OTP (Off the Plan) sale, or a brand new house in a new subdivision. If so, you will be buying a “solution” instead of a “problem”. That…[Read more]

Hi JB,

Welcome to this good place !! My first question is “Where is Frenchville?” I am from SEQ, and have never heard of it – I suspect this place might be further North, or West?

Does this make the property negatively geared by -280? and if so how can the rental yield be 7.3% or perhaps that’s because it doesn’t factor in rates and other cos…

[Read more]

Hi JB,

Welcome to this good place !! My first question is “Where is Frenchville?” I am from SEQ, and have never heard of it – I suspect this place might be further North, or West?

Does this make the property negatively geared by -280? and if so how can the rental yield be 7.3% or perhaps that’s because it doesn’t factor in rates and oth…

[Read more]

Hi again,

Right now is where talking to me won’t help. The MB’s on here can likely give you all of those answers, and I do know there have been changes recently that might make 90% loans harder to get. But impossible? I am not sure for regional properties – but I keep hearing that “some” lenders are not as hard as others….

Check with…[Read more]

Hi Jprop,

To me, forcing Equity growth is way easier than saving. As such, the more of your own cash you can retain (to put into reno’s to add value) the better. The flip side is that, with the Equity growth, this provides the deposit/costs to “do it again”. Re LMI, the cost of having it is laughably small. So if you can get it, do…[Read more]

Hi Sonya,
The prices paid sound like “market” – no real deals there. But then, looking at the map, they each appear to have 700m2 or more of land each. These are good sizes for redevelopment. As well, you are walking distance to rail, bus terminus, and one of the more popular shopping centres of the area (on Wembley Road).

Now, I don’t…[Read more]

Hi Sonya,
The prices paid sound like “market” – no real deals there. But then, looking at the map, they each appear to have 700m2 or more of land each. These are good sizes for redevelopment. As well, you are walking distance to rail, bus terminus, and one of the more popular shopping centres of the area (on Wembley Road).

Now, I don’t…[Read more]

An email arrived yesterday that put the phrase “Look both ways before you cross the road” in a whole new light for me.

In essence, the writer was saying, “We tell our kids to apply due diligence when in a situation that could go pear-shaped quickly unless they are careful (i.e. crossing a road).”

And yet, some parents would rush in to a…[Read more]

I sourced the job through the site http://www.serviceseeking.com.au.

I have had similar good results from that site on a couple of occasions. But then, I am sure some luck goes along with that.

On the most recent occasion, a friend had an issue with their hot water heater. A call from one of their respondees to our “call for help” indicated…[Read more]

Hi Andrew,

Welcome – you have come to a good place. ;) It is also good to see you asking questions. It is just this morning that an old (one could say “well-worn”) phrase jumped out at me, as it was explained from a quite different angle to its normal use.

And the phrase was – “Look both ways before you cross the road“.

How…[Read more]

Hi Ethan,

I’m thinking of Terry (how do you tag in this forum?!?).

Simply enter his name (the one with the @ at the front). So, find him on forum first (Search for member names or an old post of his) and you will see he logs as Terryw – in fact, his tag is @terryw too – not always the case for all members, but it works with him. e.g. R…[Read more]

Hi Ethan,

I’m thinking of Terry (how do you tag in this forum?!?).

Simply enter his name (the one with the @ at the front). So, find him on forum first (Search for member names or an old post of his) and he logs as Terryw – in fact, his tag is @terryw too – not always the case for all members, but it works with him.

Now, since I have m…[Read more]

Haha – OK, thanks Tony !! You learn something new every day….

Hi Jade,

NIL please.

Huh?? Is this an acronym like LOL, TLDR, or ROTFLMAO ? If so, please enlighten me – I haven’t heard of NIL before.

Thanks,
Benny

Hi Jade,

NIL please.

Huh?? Is this a short-form comment like LOL, TLDR, or ROTFLMAO ? If so, please enlighten me – I haven’t heard of NIL before.

Thanks,
Benny

Hi Barcode,

Welcome to this good place !! I am glad you stopped by to ask – and, I reckon YOU will be happy you did too. Why?

Well, already you have had one really GOOD answer from Jamie. The banker really does have no idea, and, if you are interested in investing, it is worth knowing more about these things BEFORE you take any action.…[Read more]

Hi Good Vibes,

Unfortunately, finance and property investing is not a subject taught in schools – if it were, there would not be as many folk inadvertently costing themselves so many opportunities. i.e. wanting to change their old PPOR into a rental AFTER it is paid off. As Jamie said, any mortgage you take out on it NOW will have the ATO…[Read more]

Hi Dibektemir,

And a big welcome to you. We hope you get information from here to assist your investment path. It is good that you have asked questions, as I am sure the good members on here can direct you in a beneficial way.

It sounds to me like you are putting yourself in a good financial position – by using a finance adviser who is…[Read more]

Hi Dean,

Whoa !!! How can anyone make money as a landlord then? $7000 per apartment ($140 a week or ~$600 a month). Rents must be through the roof with that kind of impost.

THanks for making us feel better Dean…. ;)

Benny

Hi Anthony,

Hey Benny, would you happen to recall which of Steve’s books refers to that rule of thumb?

It is in “0 to 130 properties” in the middle of Chapter 3 “Ramping It Up”. In the 2009 edition, it is on page 49 – earlier editions might be on a different page number. Whoops – seems like Chapter 3 is a NEW chapter – but I KNOW the phrase w…[Read more]