I signed up to Equityin, who are a buyer’s agent and claim that since they are buying properties in ‘bulk’ from developers/sellers, they can secure a discount which they pass on to their members who then use the built in equity to help finance the purchase.

Hehe – it is a bit of a stretch to call yourself a Buyers Agent when all you have to se…[Read more]

Hi Leewizza,

That is a huge point right there !!

I truly believe that with the stuff we will be doing this year and beyond that the loss of $ will be a small number in comparison but wouldn’t get the chance if I used up that capital in paying off the loss.

It is easy to get caught up in the drama of a poor decision, and we might take the p…[Read more]

Hi Dolamoot,

Am I being too nitpicky right now give me your advice guys, also any suggestions on keeping the price below 109k?

Well, you have SEEN it and it seems to stack up against neighbouring houses (“recently one sold for $135,000 and a few doors up and this house is one of the more decent ones”) so, on that basis, I’d be saying if it seems…[Read more]

Hi Kylie,
Here are a couple of links that may be useful to you. This first one is of a young bloke who concentrated on positive geared IPs from the get-go (started just 4 years ago) :-
https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/

The next one is a generic thread with a roll-up of useful information re finding…[Read more]

Hi Aki,

Welcome aboard. From your words, it sounds like you are wanting to buy lower cost properties with a positive cashflow (same as Steve did years ago in Ballarat). Those days (and prices) may have gone, but the idea is still possible – see this post…[Read more]

Hi Sam,
Thanks for adding more data – here’s what I got from your words – summarised:-

You are looking at a second-hand house with potential for a reno in a regional area. Asking $390k, median is $460k. Rentals are in big demand (ttherefore vacancy rate “sounds” low), so that is good. That target property sounds quite good – only the…[Read more]

Maybe offer him full price for a 3 month settlement (or $275k for 14 days, or whatever short timeframe works).

If he has a mortgage, he might find the extra 3 months will cost him the difference anyway – you, meantime, have an extra 3 months to work on finding the extra bit. If the area is growing, the equity gain could offset any extra you…[Read more]

Hi Bianca,
And a big welcome to you – you have come to a good place !! The subject of property investing is huge – as such, reading or learning enough so that you can at least decide which path is for you would be a good start.

Your current skills might allow you to buy/reno/sell or buy/reno/hold – but do you want to do renovations at all?…[Read more]

Hi Sam,

Do I buy???????

There are probably 101 questions to answer before we would say “Buy” – your question is a bit like saying “My blood pressure is 120 over 75 – am I healthy?” ;)

But I know what you mean about the excitement, so I understand you wanting to burst into print, and onto the property scene too. To help out right now, here…[Read more]

Hi Sam,

Do I buy???????

There are probably 101 questions to answer before we would say “Buy” – your question is a bit like saying “My blood pressure is 120 over 75 – am I healthy?” ;)

But I know what you mean about the excitement, so I understand you wanting to burst into print, and onto the property scene too. To help out right now, here…[Read more]

Hi CoolKid,

What do you mean as in rubbish stock? I have been looking around Nerang.

I won’t guess what “BuyersAgent” meant, and he will likely reply soon anyway. For mine though, the Gold Coast has LONG been a haven for some unscrupulous figures and/or companies. Their modus operandi is to FLY buyers in from cities lke Sydney and Melbourne…[Read more]

Hi Aki,
Apartments often show a higher Gross Yield than houses. As you said, the land cost is cheaper for an apartment – but this also adversely affects the growth (because it is usually LAND that increases in value – buildings depreciate/deteriorate). This makes a unit cheaper to buy, thus requiring less rent per week before being…[Read more]

Cool, Jamie – thanks for the tip.

For others, here is a link to HTW’s Download site :-
http://www.htw.com.au/downloads.aspx

Feb 2016 shows Brisbane and Gold Coast at 9 o’clock = Rising Market.

Others are :-
Tasmania is at 7:30 = Start of Recovery.
Also at 9 o’clock (Rising Market) are Mid and Far North Coast of NSW, Adelaide, and SEQ as…[Read more]

Cool, Jamie – thanks for the tip.

For others, here is a link to HTW’s Download site :-
http://www.htw.com.au/downloads.aspx

Feb 2016 shows Brisbane and Gold Coast at 9 o’clock = Rising Market.

Others are :-
Tasmania is at 7:30 = Start of Recovery.
Also at 9 o’clock (Rising Market) are Mid and Far North Coast of NSW, Adelaide, and SEQ as…[Read more]

Cool, Jamie – thanks for the tip.

For others, here is a link to HTW’s Download site – Feb 2016 shows Brisbane and Gold Coast at 9 o’clock = Rising Market.

Others are :-
Tasmania is at 7:30 = Start of Recovery.
Also at 9 o’clock (Rising Market) are Mid and Far North Coast of NSW, Adelaide, and SEQ as mentioned
Melbourne is at noon = Peak of…[Read more]

Hi Jules,

Welcome aboard !! I’m sure there will be some members who can help, but give us a city – no good recommending a project manager in Sydney if you are in Perth. ;)

Benny

Hi Jo,

All the hours and hard work I put in to gain the highest certification possible in my employment has also paid off and I now regularly bring in 100 per hour at the weekends to stash in that account ready for my first successful investment property to be.

I’m enjoying reading your updates Jo, and smiling as I read of the changes in you…[Read more]

Terry,

2. Incidental costs of acquiring the asset, or costs in relation to the CGT event, for example, stamp duty, legal fees, tax advice, and so on.

Does 2. (above) also relate to costs of selling? From the wording “costs in relation to the CGT event” one could think selling applies…. Without the sale there would be no CGT event, right?…[Read more]

Hi Jojo,

Vacant possession means the seller should arrange for all of the tenants to leave so that the place is empty at settlement. I would think just mentioning those words to the Agent might have them realising that this could be a requirement if you are the eventual Buyer. They will likely want to talk you into accepting that some tenants…[Read more]

Hi Darkness,

It may help understand WHY things work out the way they do. When you read up on CGT, you may see a reference to the Cost Base. This is the total cost to you of buying the place (purchase price, stamp duty, solicitors costs, etc). So, even though you say you paid $200k, your Cost Base is $228k and may be even more, allowing for…[Read more]