The reason you are getting different answers is because your question is not specific, so it depends how people are interpreting it. If you get approval for a LOC that is bigger than your PPOR worth or the IP worth then the bank will cross them. If you get a LOC from your PPOR and then buy the IP with that LOC then you will own the IP outright and…[Read more]

Andrew_A wrote:
I have always received positive feedback about Jacque Parker, I'm regularly meeting potential clients and I'm always asking for their feedback on their experiences if they have employed a BA before.http://www.housesearchaustralia.com.au/about/

Depends what you define as "west Sydney". She buys in the Hills but not in Mt Druitt.…[Read more]

PISTORE wrote:
I don't believe you have to trade off Capital gain for income. You just need to find locations that have both. Sydney doesn't have Billions in infrastructure and Government Spending and nor does it have the same % in population growth many other locations have in Australia.Your dollar goes a lot further in many other locations…[Read more]

I love lessons learned without having to make mistakes to learn them. Keep asking and learning.The saying "you learn from your mistakes" is true but I prefer to learn them BEFORE I make the mistakes. Or learn from others mistakes. This is where forums and meetups (networking) are invaluable.

PISTORE wrote:
Don't limit yourself to Sydney. There's a lot better value around Australia with FAR better rent returns.

Yes you can get better yields but at what expense? CG???I like to have both yield and CG. I believe Sydney has that.

Most property repots state Gross yield as it's too complicated to compare Net yield (you need to know rent, strata fees, rates etc). Units often have a higher Gross yield but deduct strata and it can be quite low. I look at net yield as it shows the true yield./ But having said that I wouldn't buy anything that had any of your figures (unless it…[Read more]

Derek wrote:
"Cost baseYou must exclude from the cost base of a CGT asset (including a building, structure or other capital improvement to land that is treated as a separate asset for CGT purposes*) the amount of capital works deductions you have claimed or can claim in respect of the asset if:1. you acquired the asset after 7.30pm (by legal…[Read more]

Just don't assume that every block that is over 1000sq can be subdivided. There are a lot of people out there who have bought land (thinking they can subdivide) that cannot be subdivided. Do your homework. You'd be VERY lucky to get 1000sq land with a house on it for $700K in Cherrybrook. Friends of mine are looking for a vacant block in…[Read more]

Qlds007 wrote:
Hi both 1)Yes hate to say going with certain lenders will limit your ability to go forward.2)1% discounts disppeared around 2 weeks and is something none of the main lenders are offering.3)In saying this i still would argue why you would limit yourself to one of the Big 5 lenders.CheersYours in Finance

1) why/how? (genuinely…[Read more]

I think you brief is too restrictive. The only things I can think of that make NO profit are meetups (of which operate in most cities). Purely gatherings and not clubs.I go to fortnightly meetings that cost $10 in Sydney. Are they making a profit? I doubt it as the room would be a few hundred dollars. They provide great info on different topics…[Read more]

andy28 wrote:
number 8: Are you suggesting that switching to a credit union would limit your ability to borrow for further investment properties? Is this a real problem?

It shouldn't restrict your borrowing but banks give you a better discount once you have a decent amount with them. By having all loans with different banks you are robbing…[Read more]

Good points Luke. The thing that brings most people unstuck are the floors (not lined to habitable condition) and ceiling height. Quick test. Stand in the garage and put your hands up. If you can touch the ceiling forget it. Also wall lining. If it's just single brick (as most garages are) it needs to be lined. Not a deal breaker- gyprock is easy…[Read more]

First- Get rid of your accountant. You need somone who owns and understands property.I don't understand why you need someone to add up your figures if you've done it yourself (you don't trust your adding or your figures?? Or do you want advice on what to buy and whether it is a good deal? If so maybe use a buyers agent.

Be careful if buying land in both names then building a duplex. You will find that instead of owning one each you will both own half of both. Speak to someone in the know BEFORE you buy the land to ensure to is purchased correctly. Otherwise you may find yourself paying stamp duty twice to change the title.

Ok realised I answered more for cash flow estimates rather than actual out of pocket. SO- Interest on money borrowed + council rates, water, insurance, management fees, depreciation. From this deduct rent. This is your gross out of pocket. You get tax deduction on this (except the principal part if you are paying P&I). As I mentioned do not do…[Read more]

I agree with Scott. Selling agents often have NO idea of rents (honest ones will tell you that). You need to speak to someone in the rental section.

We went to Brussels, Brugge and Ghent. LOVED Ghent the most. I could easily spend more time there. I'm off to Europe in April but East side. Next year we're going again with friends and they want to go to Belgium. May just have to go back for a quick visit.

No. The vendor is only allowed one vendor bid. If it was $370K it would be no use saying $500K. They put in the bid in the hope that someone (or the original bidder) will put in another bid higher than theirs. You only know how low they'll go when they say SOLD!!Please let us know. Or if you are not bidding yourself tell us the address and I can…[Read more]

Ok some people only count the 80% loanm in their calculations but I add EVERYTHING I have spent as the deposit etc has come from somewhere and represents lost income from wherever it was. I add- sale price + legals + stamp duty + reno costs = total outlay.Multiply this by your interest rate pa. I don't pay P&I. If you are worried about out of…[Read more]

Good points Derek. Not everyone is against negative gearing. It sometimes serves a purpose. The thing people are against is buying a negatively geared property JUST to get the tax benefits. Some people like to buy in certain areas that they believe will have higher growth. These areas can have low yields so they buy in the "hope" that they will…[Read more]