Hi SM,

It’s in a large block of 200+ high rise and It’s not due to be completed for about 2.5 years

This sounds like the kind of property that they sell to overseas buyers. Could that be a market for you? Maybe approach Ironfish to see if :-
a) This can be onsold by them to an overseas buyer, or
b) Can you onsell it to someone else, and if so,…[Read more]

Hi SM,

It’s in a large block of 200+ high rise and It’s not due to be completed for about 2.5 years

This sounds like the kind of property that they sell to overseas buyers. Could that be a market for you? Maybe approach Ironfish to see if :-
a) This can be onsold by them to an overseas buyer, or
b) Can you onsell it to someone else, and if so,…[Read more]

Hi Dean,
Hopefully, this will be a temporary halt. Here’s the thread that had us looking at the current “5 star system”.
https://www.propertyinvesting.com/topic/5016527-renovation-advice-companies/#post-5017000

My post finishes the story, but read back a bit to see what went on,
Benny

Hi VeeR,

Your descriptions sounded like a thread we had on here a few months ago, so I went looking :-
https://www.propertyinvesting.com/topic/4399106-uretek-anyone-used-it/

If you go to the Forum pages, use “underpin” as the keyword and press Search, you will have a number of threads pop up. The one above is the one I remembered, but there…[Read more]

Hi Barlow,
The answer would change too, depending on just WHERE you are looking to buy. If wanting to “Time” the market, then a look at the Property Cycle for the area you are purchasing would give a broad-brush indication of “Buy or Don’t Buy”.

Re your comment “possible lowering of asset prices as supply is starting to overwhelm demand” -…[Read more]

Hi Liam,

What if i just buy 15 properties, all cheapies, all in high yield areas.

Maybe something like this bloke did?
https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/

His were all cheapies in high yield areas – and then he forced some equity by renovating in some instances. Could it be done today? Hmm, I would…[Read more]

Hi @knightm,

I don’t know if the like system can be challenged or removed when used inappropriately?

Well, as promised, I went looking and asking. Initial enquiries were not looking good, so Admin went digging further. This then led to some issue with the current supplier, so Admin is now on the lookout for a resolution.

The old system i…[Read more]

Hi Don,
Thanks for letting us know of that failure. I passed the info on to Admin, and he tells me he has now fixed that link.

Benny

Hi all,
Wouldn’t the rate charged by the agent be somewhat different depending on the rental rate charged in a given area?

e.g. If 8% were “the going rate” then an agent managing a property in Point Piper for $3000 a week would make $240 a week (for what)?
Whereas the agent managing a property in Mt Druitt renting for $300 a week makes $24 a…[Read more]

Hi Dboyle,
I am sure there would be many on here who could learn things from you – for one thing, how to succeed on a wage of $45k maximum.

Like many who come here to share their experiences, why not jump in to answer questions of less experienced folk when their question is one you have particular knowledge of. Your answers can provide…[Read more]

Hi goosehead,
If I am reading your post right, the crux of the question is whether to borrow to make repairs, or whether to utilise existing funds instead of borrowing…..

Though I am NOT an accredited adviser (so do your dd on my answer, eh?) I believe that the repair to the roof may well turn out to be a Capital Cost. As such, it can only…[Read more]

Hi @knightm,

I don’t know, but I’ll see what I can find out…..

Benny

Hi Jonesey,
Sounds to me like you have a couple of choices – and different choices to many others of us who are investors. That difference comes from your trade as a builder.

Now, I am NOT a registered adviser, but I think it might be beneficial for you to discuss the idea of developing/building as a Company, rather than as a private…[Read more]

Hi Jonesey,
Sounds to me like you have a couple of choices – and different choices to many others of us who are investors. That difference comes from your trade as a builder.

Now, I am NOT a registered adviser, but I think it might be beneficial for you to discuss the idea of developing/building as a Company, rather than as a private…[Read more]

Am I right in thinking that if it was positively geared – rental income greater than all expenses that you can still get depreciation? or Capital Works Deductions?

That sounds right to me.

Benny

Hi Terry and Chat,
I was so busy penning a reply to the first question that I missed all of the subsequent answers and questions. So, sorry if it looks like I was butting in.

I think I see where Chat is getting things confused – if I can make one further comment, it might help:-

Are you saying that if the rental income on a property exceeded…

[Read more]

Hi Chat,

I can’t see where there loan interest and the deduction comes into play.

First, the loan Interest ($16k) is totalled along with the other expenses:-
TOTAL CASH EXPENSES $21900 – ($16k of that is Interest)

So, with $21,900 of costs and $15,000 of rental income, the cash LOSS is $6900.

That $6900 is then added to the Non-Cash losses (…[Read more]

Hi OS,
I know nothing more than the next bloke about Canungra. It is a pretty little town that has become a bit of a meeting place for travellers, and there has been some (limited) growth in the centre of town over the last several years. It was always (for me) a place to drive through, rather than “to go to” – as there was nothing there that…[Read more]

Hi CBD,

The newest trend of crowdfunding in property investment & development please.

If that is a question, I have NO idea how to answer it. What exactly are you asking of us?

If you are familiar with this “newest trend”, why not share your thoughts re the subject in this thread. Once we know where you are headed, we might find we CAN…[Read more]

Hi CBD,

The newest trend of crowdfunding in property investment & development please.</blockquote
If that is a question, I have NO idea how to answer it. What exactly are you asking of us?

If you are familiar with this “newest trend”, why not share your thoughts re the subject in this thread. Once we know where you are headed, we might…

[Read more]