Hi Kev,

So what am i missing here . I am not happy that this bank now has 3 of our proprieties under hold but more so that all the extra collateral is tide up in there .

Any help or suggestions would be good . We are currently asking the bank to revalue correctly but again some stupid policy saying we don’t do within 12 months but we may wave t…

[Read more]

Hi Kev,

So what am i missing here . I am not happy that this bank now has 3 of our proprieties under hold but more so that all the extra collateral is tide up in there .

Any help or suggestions would be good . We are currently asking the bank to revalue correctly but again some stupid policy saying we don’t do within 12 months but we may wave t…

[Read more]

Good on you !! The first one is always exciting, if a bit knee-trembling too…..

Re vacancy rate, when I have put the question to RE agents, several needed an explanation of what I wanted. In essence, it is a percentage. Suburbs are said to be “in balance” at about 3% Vacancy Rate (3 out of every 100 rental properties are available for…[Read more]

Good on you !! The first one is always exciting, if a bit knee-trembling too…..

Re vacancy rate, when I have put the question to RE agents, several needed an explanation of what I wanted. In essence, it is a percentage. Suburbs are said to be “in balance” at about 3% Vacancy Rate (3 out of every 100 rental properties are available for…[Read more]

Hi Liana,

Are there any other things I should be considering?

Hey, it is a good start – the rent return sounds good, but why is it above average? Are the figures “fudged”? What is the vacancy rate for the area (your RE agent should provide that info)? Maybe 4bd 2ba 2g homes are at a premium there (?) and can command a higher than average…[Read more]

Hi Liana,

Are there any other things I should be considering?

Hey, it is a good start – the rent return sounds good, but why is it above average? Are the figures “fudged”? What is the vacancy rate for the area (your RE agent should provide that info)? Maybe 4bd 2ba 2g homes are at a premium there (?) and can command a higher than average…[Read more]

Hi Liana,
Personally I like what can be available in WW. It is an area that has more than its share of quite large blocks, along with good, solid homes at affordable prices. The train line is sort of handy (about 1 Km North for those that use it).

You don’t give away much in your question re the property ;) but my questions back at you…[Read more]

Hi Mohib,

Welcome to you and your wife – I hope being a member here, reading and contributing, will ease your path into property investing. Certainly there is a wealth of experience to draw upon, and none better than Steve himself. Are you in a position to take in either of his (very rare) seminars n Sydney and Melbourne this month? If you…[Read more]

Hi Ryno,

Welcome to this great place !! ;) And good for you for having #1 up and flying. It really is a great thing to celebrate.

Re what to expect from property managers? First, I have noted that payments between States seem to be wildly different, so why not share where your IP is, and the amount you ARE paying. That way, others…[Read more]

Hi Harry,

And welcome aboard the good ship PI.com :)

As there really aren’t too many simple answers to your questions, I though I might share a thread that could well hold worthwhile knowledge for you :-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/

I think I know what your friend is…[Read more]

Hi Kev,

orrect me if i am wrong but at this late stage there is not much i can do . Settlement is next Friday . But i will know better after it settles and we look at other options .

Depending on what “next Friday” means to you, you may be able to do some worthwhile things. To me, “next Friday” would be Friday the 11th Sep – if you mean the…[Read more]

Hi all,

Today I wanted to direct you to a thread that has so many good posts, all to do with HOW to gain finance to allow someone on a modest income to grow a serious portfolio of IP’s.

The thread itself is called “30 properties before 25, finance???” and its link is…[Read more]

Hi all,

Today I wanted to direct you to a thread that has so many good posts, all to do with HOW to gain finance to allow someone on a modest income to grow a serious portfolio of IP’s.

The thread itself is called “30 properties before 25, finance???” and its link is…[Read more]

Hi all,

Today I wanted to direct you to a thread that has so many good posts, all to do with HOW to gain finance to allow someone on a modest income to grow a serious portfolio of IP’s.

The thread itself is called “30 properties before 25, finance???” and its link is…[Read more]

Hi Harry,

This is what I love about this place – we all get to share the “things that happen to us” and have a laugh. I think I have had my share of “Bank people who really don’t know what they are doing”, but I have also come across some really knowledgable bank staff.

What can I say – some are way better than others. In your case, I…[Read more]