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]

Kev,
Richard just made a VERY important point that those dealing with finance daily (like Richard and several others on here) confront on a regular basis. Read this bit again (many times) as it is THAT important:-

Applying to a number of credit unions willy nilly is likely to FRY YOUR CREDIT FILE and could result in a total decline of any…

[Read more]

Hi Pete,

A few things I am reading in there tell me that you may have more options than you think. I’ll mention some that “stuck right out” and see if the facts around them might sway your decision one way or the other. Here are what I read….

1. You had bought it as your PPOR previously, so is it possible that there might be NO CGT to…[Read more]

Hi Richard,

I noticed you used to have instructions to get the article in your signature, but it is not there today.

The number of requests for it was taking this really good thread way off track, so today I cleaned it up somewhat. But I don’t want anyone to miss out on what I KNOW is a very well-written and worthwhile article (thanks…[Read more]

Hi all,
After a recent poll asking “What condition of property makes a better IP (Investment Property)?”, the results were not unexpected, but the comments were worthy of consideration (especially from those who did NOT vote with the majority !!). By condition, we were considering whether to buy an IP new, renovated, or un-renovated.

Here’s…[Read more]

Hi all,
After a recent poll asking “What condition of property makes a better IP (Investment Property)?”, the results were not unexpected, but the comments were worthy of consideration (especially from those who did NOT vote with the majority !!).

Here’s the poll:-…[Read more]

Hi Amie,

I couldn’t help but chime in to tell you one of my favourite recollections. It was about this bloke who was going to Uni to learn to be an Engineer. He also had a passion for Real Estate and was always looking for ways to make a bit of money in Real Estate. Well, it happened that he finally gained his degree, and started looking for…[Read more]

Hi Ben,

From a bank valuers perspective do you think there would be any negative impact on not having a bath at all (just a good size shower) as opposed to keeping the shower/bath setup?

I can’t answer from a bank valuer’s perspective, but do consider that if you are renting to young couples and they choose to have a youngster, then not having a…[Read more]

Though I voted for the “old, tired, rehab property”, I totally understand that different people with different needs, risks, ages, etc will have a different vote. Katarina commented well on that – i.e. “What kind of investment are you after?” etc.

And then TaylorChang made a sage comment with this :- “I often found some people paying too much…[Read more]

Hi Limumeng,
Just be sure to factor in the costs associated with selling. Make sure you are aware of “close to actual numbers” just so you don’t get a nasty surprise.

Benny

Hi Aljc,
Hmm, since nobody has “got up to dance”, I thought I would add my views on your question. I’m not a professional, so my words are “just another opinion” to be thought about, taken up, or discarded – whatever suits you.

My reaction to your question was to mutter “Seems to me these are Sales Agents alright – and they are doing a big…[Read more]