The spotters fee idea can work if you know what you are doing and know what to look for and what others are looking for. Sounds like you are a novice so don't know how this would work for you. Also sounds like you want a quick fix. I understand it's frustrating when you want to get started. But sometimes you just have to wait. Maybe that's for the…[Read more]

If the bank won't release your parents go to another bank (or tell your bank you will). You are undrr 80% even without a revaluation.Hard to say about the loft without seeing it. But from your description it sounds like it may be a good idea. As long as it doesn't look to crowded or overwhelming as you walk in. I'd get a few agents in and ask them…[Read more]

Sydney is predicted to have better CG than Brisbane. So if that follows predictions your Brisbane IP will not keep pace with Sydney property and you'll still be unable to buy in Sydney. So why not buy in Sydney? Still some good buying out west with opportunity to value add. And being in Sydney you can do some basdic stuff yourself to increase…[Read more]

Do you mean to find properties for others and get paid for it? Didn't you just say you have (just?) started in property?What makes you better at spotting property than others?To do this legally you need to have a BA certificate. Please clarify what you mean for more assistance.

First I'd go to council and see whether the block would be sub dividable. Then at least you know whether it's worthwhile following up.

It's a 95% loan so maybe no opportunity to refinance?

allawah wrote:
Thanks. That makes sense. So negative gearing itself is not a good thing. I need to know that I can get enough capital growth to cover all the losses to make it worth investing. And if I have extra cash I can still put in the loan to make it positive gearing so I don't lose as much money during the course, and still get the same…[Read more]

I have IP's less than 1/2 drive from me and I have never driven past. Some I haven't seen since I bought them. You don't really need to be doing that.If you have a good agent you don't need to worry. Having said that, my hubby gets frustrated if he has to pay for something he could fix himself (if it were close). We have 1 that is 5 hours…

Hi, agree with checking out your target. For a house and a larger unit I would always have a bath. With small units I think just a shower is fine. Personally I HATE stepping into baths to shower. But then again I do like the occasional soak in a bath.Does it have an internal laundry? If not you could consider putting a small washing machine in the…[Read more]

Intrigue- a few questions. How many properties do you own? Do the agents know this? They may be perceiving you as a tyre kicker. I've met many. People that go to open homes for years. Put in offers but buy nothing. Don't get me wrong it sounds like you are trying to buy something. Do you have finance approval? Tell the agents you are cashed up…[Read more]

Ask them.

The hardest part I think is finding an area you are happy to invest in. I spent a long time going between unit in better are vs house further out. Couldn't decide. Spent a LOT of time going to open homes etc. Once I finally decided on ONE area I went to lots of open homes. Compared prices. Found out what was in demand. What rents best. Rent…[Read more]

It is a good idea to get insurance (on a house) in case the owner doesn't have any. If they don't and something happens before settlement you can approach your insurer. Not sure about claiming (I assume so) but you are worrying about less than $20. Your accountant will let you know.   

JacM wrote:
Stick to the question of the helpfulness of the course content… not necessary to discuss other people's private relationships on open forum.

Wake up. I didn't ask about personal relationships. My question referred to her course.This IS relevant. Her course used to be run by 2 people. Now it's run by one. THAT makes a HUGE…[Read more]

What happened to the hubby? I saw her and hubby speak at a seminar in 2009. I'm assuming they split. Is he doing stuff too?

I wouldn't buy second hand again. Well maybe if it was a straight run for as granny flat. Too much mucking around trying to get it to fit etc. Look on Ebay though if you want to go second hand. You may not have much close to you but if you do there won't be much demand so you may get one cheap. We buy new now and install ourselves as the price is…[Read more]

CGT- you need to OWN it for 12 months to get the 50% discount. Depreciation report. Won't get much back this year but the report lasts 20 years. Might as well get a little now and more next year. Sometimes they can do it by photos. But you need to photograph everything you want to depreciate. This can make it a bit cheaper.

Of course he's keen to do it ASAP. He'll get your $20K. Get an appraisal. Take out selling costs and loan and see how much is left. Tell him you want half of that. HE should be paying rent (at market rates). That should be going onto the loan. Then you pay half of the difference, plus half the rates, strata etc. Don't let him con you. I'm hoping…[Read more]

startxing wrote:
I rang the one just at the opposite of the road that have a For Lease sign outside, the girl told me they have sveral units that is available now, but they are 3 beds, rent starting from $475 per week !! no funiture inside !! 3 bed, $475 per week rent ….. Then I asked how old is this build, she said it is only compeleted…[Read more]

startxing wrote:
Hi everyone, First look of the suburb, with house median price at $360k and unit median price at around 250K (from Investsmart), looks very affordable. price for a proper 2 beder with 2 bathroom at $370k.

So the median price is $250K and you're going to pay $370K. WHY???? If you believe Liverpool will see 10% growth…[Read more]