So I think rent away – but make sure you fill out a proper condition…[Read more]

Ring that person up and ask politely if you could come and see them and have a quick discussion about real estate investing. Unless their heart…[Read more]

The price of anything is determined by the supply of the thing and the demand for the thing.

The supply of land in any area is fixed. You can’t create more land. The supply of houses is not fixed. You can build pretty much as many houses as you like. Even on the one piece of land – it’s called a highrise.

The demand…[Read more]

I don’t know what format you are sending your emails in, but I’d suggest compiling a short list of agents in…[Read more]

The thing with any kitchen surface is that it will depend on the treatment. You can get 20yo laminate that looks OK if it was in a decent colour to start with, and if it has been looked after. 2 Pack…[Read more]

As already answered, write down your offer on a contract for sale, attach a $1000 deposit check to it and instruct the agent to submit the offer. Whether you seem keen or…[Read more]

I think everyone, especially younger people, should firstly forget about ‘baby boomers’ and ‘gen x’, ‘gen y’ etc. This is all just marketing BS that someone made up so they could stereotype a whole generation.

The same with median house prices. It’s just a statistic and not a very good one. Where I live…[Read more]

I rent an IP to students most of the time as it is adjacent to a university, but as a ‘normal’ rental, not as a short term, by the room type. There’s…[Read more]

It is a PPOR for both of them – neither have any other property. I guess the ‘price’ of the transfer would be whatever it needs to be, but both of them definitely want their share of the capital gain. CGT doens’t come into it as it is PPOR for them both.

The issue is really the stamp duty, which is calculated on…[Read more]

Sara, if you want customers for your business, then become a regular forum contributor and add your expertise to people’s problems. It’s OK if you want to leave your contact details in your sig, but blatant advertising is not wanted or appreciated.

I would say that you are more likely to harm your business reputation than help with this…[Read more]

I think the question is not how much money you earn, but what do you want to achieve, and why? If the why is strong enough for you, the how works itself out. If you persist with enough determination towards a goal for a long enough period of time you will achieve it,…[Read more]

It probably doesn’t apply to you, but I’d recommend anyone takng out income protection while they…[Read more]

I use the business for non investing income, and own all ‘doodads’ in the name of the business – ie cars, phones, compfuters. These are all…[Read more]

If you want to know about rental yields and vacancies, just go to your local real estate agents on the weekend and pick up all the for sale lists, and the renatl listings. If there are very few rental listings, there isn’t much vacancy.…[Read more]

The idea that someone can say ‘shares is better than property’ or ‘property is better than shares’ is as sensible as people of different religions slaughtering each other with the battle cry of ‘my god is…[Read more]

As a general comment on Income Protection insurance – if you’ve got a regular job and you’re…[Read more]

It looks quite stunning and very easy to clean. Has anyone had any experience with this?

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We all need somewhere to live – but do we all need a CBD apartment?

The important thing to remember is that building wealth can occur through many different ways, but they all have something in common: leverage/gearing and the power of compounding interest.

If a house has a net rental yield of 4%, and you pay…[Read more]

IMO tax minimisation strategies only start to…[Read more]

ie home >> forums >> help needed

The old format had clear and easy to use breadcrumbs and I found them useful. Many forums omit this important feature and leave you ‘stranded’ after posting or…[Read more]

Which is, for every 100,000 of purchase price you need $200 dollars a week in rent. A $300,000 house needs $600 a week to be positive cashflow (now, there’s not to many of those around!).

A $150,000 house needs $300 a week and so on.

Underneath it is almost identical to…[Read more]

To work out gross yield, you multiply the weekly rent * 52 weeks in a year. This gives you the total rent for the year. Now divide that figure (yearly rent) by the purchase price. There’s your yield.

ie $100 week rent on a property…[Read more]

I want to stick with this bank for the moment as they seem to understand me…[Read more]

How many times does that come up? It’s no wonder Agents get a bad name, their interests are never properly aligned with the interests of the owners.

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We all need somewhere to live – but do we all need a CBD apartment?

There are higher risks with commercial, because…[Read more]

I bought a unit in 1999 which was bought by the vendor in 1995 . He paid 20% more for it than I did 4 years later (ie, I paid 20% less!). Factor…[Read more]

I looked at a couple a while back but didn’t go for it. The yield wasn’t high enough, and you couldn’t do anything…[Read more]

As they say in the share market, bottom pickers get their fingers dirty.

If you want to sell, do your sums on realistic outcomes and not hopes and dreams. If the property is costing you money each month (mortgage payments, rates, body corps?, insurance) realistically how much more are you going to get in 12 months time? If you get $10,000…[Read more]

In it he gives one piece of strong advice :

“Never invest in an unlisted property trust”.

Now I think blanket statements like that are always bad as they fail to take into account individual circumstances, such as…[Read more]

You’re probably right about having to pay commission if you show the property while listed with a particular agent. It would depend on the agreement you had with that agent.

As for listing the house price too low – I fell for that one on my first sale. Initially I was happy to have it sold so quickly. I realised later that if people…[Read more]