Hi Bon and others,

Where a company is selling H/L in “greenfields estates” (i.e. fresh subdivisions in land away from existing suburbia – e.g. Pimpama) it is highly unlikely that there will be much Capital Growth in the first few years. This is because they usually sell H/Ls for as much as they can get (and also the reason why a rental…[Read more]

Hi Shane,

Also: what do you look for in a good property tax accountant? How do I know I am getting the best advice?

Ask them if they own investment properties themselves. If they don’t, you need to keep looking. Hopefully they would have at least a small portfolio of IPs.

Based on that fact, you can be SURE they will know all that is needed…[Read more]

Hi FXD,
I deliberately didn’t respond to this when first posted, as I have nowhere near enough knowledge, nor enough information from you, to make any kind of valid suggestion.

What I WOULD suggest is that you put this question to a Mortgage Broker or similar Financial Adviser who can look in depth at your situation, then discuss what…[Read more]

Hi Peter,
Good on you for putting your question “out there”. This one slipped by, and I have only now seen it…. whoops!!

Re selling up one that was returning 12% – wow, that one could have helped to fund another growth property. See, some properties provide Income (positive geared) while others provide Growth (often negative geared). By…[Read more]

Hi Nan,
Wadez words above struck a chord with me – the words “Be patient” are easy to say, but I wont say them to you….

What I do want to say is that I heard Steve teaching recently that the property goes in cycles, and that cycle includes a flat price period that can make up the biggest part of the cycle (70% is common). Now, when that…[Read more]

Hi Adam,
Sounds like you are off to a great start. Certainly, considering the purchase of property as an investment is worth some time and thought, for sure.

So I’m not thinking of buying a house to live in (unless it is a good idea with financial advantages and gets me closer to my goal)

Buying your own home can provide some benefits, b…[Read more]

Hi Mullsey,
Welcome to propertyinvesting.com – I hope you find your answers somewhere in here. First there are many useful Articles that give a new investor a bit of a leg-up. Look for the “Training Centre” on the home page. Other than that, go trawling and look for forum topics where the title sounds like it might appeal.

It is a good…[Read more]

Hi Nan,
I can sense frustration, so I would love to be able to help…. but I am struggling with this from you:-

But at current market, there is no way to buy property under market price and in the opposite way, we have to buy them over the market price.

I am trying to understand just what you might be seeing that has you saying this. Can you…[Read more]

Hi Gavin,
We are all about education – the only sales we allow mentioned are where people have books, courses or other tools they wish to move on. That is what Buy Swap and Sell forum is for – not for IP deals. And hey, thanks for asking first !!

Benny

Hi Kylsta,

Re any “Groups who get together”, do check out this one :-
https://www.propertyinvesting.com/topic/5025679-brisbane-property-group-meeting-tuesday-31st-may/

Matt Jones usually pops by with the next month’s meeting info about a week or so before the event. Look around in the “Heads up” forum too, and you will see the Sunshine…[Read more]

Hi Lizu,

The bank has said that the only way to avoid paying the fee would be to close the offset account and convert to a standalone loan account.

Oh, goody !! And then you could receive Interest like 1% instead of the 5% you get as an Offset now. Me, I’d pay the $10 a month and say Thanks !!

An Offset is TOO GOOD an option to just stop…[Read more]

Hi Lizu,

The bank has said that the only way to avoid paying the fee would be to close the offset account and convert to a standalone loan account.

Oh, goody !! And then you could receive Interest like 1% instead of the 5% you get as an Offset now. Me, I’d pay the $10 a month and say Thanks !!

An Offset is TOO GOOD an option to just stop…[Read more]

Hi Lizu,

The bank has said that the only way to avoid paying the fee would be to close the offset account and convert to a standalone loan account.

Oh, goody !! And then you could receive Interest like 1% instead of the 5% you get as an Offset now. Me, I’d py the $10 a month and say Thanks !!

An Offset is TOO GOOD an option to just stop…[Read more]

Hi Raasta,
I think you might’ve got lost in my words. I mentioned that we often think of spending $30k on a reno to gain cashflow and equity but not the other option – see here:-

Would it make sense in your case to spend that $30k on Selling costs and quit property B? What would be the “rent return” in that case?

You would need to sat…[Read more]

Hi Raasta,
Wow, you appear to be very highly geared. Is this because of a downturn in values that I believe hit Perth over the last few years? Or was it a recent, deliberate move on your part?

At a quick look, and without getting out a calculator, it seems property B is the biggest part of the problem. You would have the actual numbers that…[Read more]

Hi Raasta,
Wow, you appear to be very highly geared. Is this because of a downturn in values that I believe hit Perth over the last few years? Or was it a recent, deliberate move on your part?

At a quick look, and without getting out a calculator, it seems property B is the biggest part of the problem. You would have the actual numbers that…[Read more]

Hi Raasta,
Wow, you appear to be very highly geared. Is this because of a downturn in values that I believe hit Perth over the last few years? Or was it a recent, deliberate move on your part?

At a quick look, and without getting out a calculator, it seems property B is the biggest part of the problem. You would have the actual numbers that…[Read more]

Hi Puredaycent,

however if we decided to sell after a year I believe I would be stung for capital gains tax.

I would advise you take up with a MB to discuss your financial options – moves such as you are contemplating are complex, and having a heap of more accurate information would help immensely. See, I believe you are quite wrong with the…[Read more]