They’re great yields. Are these in Adelaide or from your clients in SE QLd??

Cheers,

Have you tried passing your query past a BA. Your parameters are very wide and its all about refining the requirements so you understand where to start looking.

Could could be seen as a repair (replacing like for like), as long as the previous lawn was ‘in a state of disrepair’ or as an improvement since lawn may not be regarded as essential (although usually is).

A further question would be, could you scrap the old lawn (from a depreciation point of view). I have…[Read more]

Tony Neale who posts under ‘thecrest’ is involved with motels etc. Search for posts by ‘thecrest’ and you’ll find his details and link to his email. His signature block is

thecrest | Tony Neale – Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me

selling motels in NSW

Best to ask your accountant how they viewed it…[Read more]

Thinking about capital growth, land appreciates, buildings depreciate. You can do more work (renos etc) on a house over a unit.

There would be many companies who project manage the development. The first step they would go through would be assessing if the project could be undertaken and costing the process.

I usually add $2,000 for incidentals (I just had to pay $500 for a few tiles to be fixed in an IP – always one off type costs).

Agree with Jamie – rates won’t stay this rate forever.

The only additional comments I would make is that it is best to separate the financials and the house hunting/buying processes. There are many great brokers on this forum who will step you through the refinance process, then when you are ready you can step through the buying process. There are also many great…[Read more]

Very interesting graph indeed and great it came from a Departmental source. I also found it interesting that the Riverina and Far West are at the better end of the graph – agriculture is hopefully doing ok in these areas now….

I found it interesting that Newcastle is quite high, and Parramatta for that matter. Maybe coal and…[Read more]

I agree with Benny’s comments/thoughts above.

Do you know of any Buyers Agents in the area who could bid on your behalf?

Not sure if you could put in your highest bid with the selling agent prior to the auction (although you would want to monitor that they don’t automatically use your bid s the opening bid).

Do you know what the property’s approximate value is?

Cheers

Very American interview by the interviewers, but I’m glad you identified the difference between US and Australia and explained the principals – trusting others, building relationships, spending time yourself (your first reno). Good first question for REA – not many would spend time giving info without a guaranteed outcome,…[Read more]

There are many mentors depending on what you want. It sounds as though you are looking for general type of guidance.

A search on the forum brought up the following responses.…[Read more]

Appreciate your time delving into the vault and for teaching others to fish!

Cheers,

As you say, plane tickets bring everything so much closer, including your goals.

Analysis paralysis is…[Read more]

While not responding to all your questions, I am wondering about your statement that since you have lived in the property for 12 months, you cancel the CGT?? Since you have owned it for 12 months, you would pay 50% CGT, but not 0%?

If you then subdivide and develop etc etc the clock might start again re: values etc as new values would be…[Read more]

About to re-carpet an IP (rented for $300/week) and am getting carpet quotes. Some carpet distributors are advising us away from poly carpets, others say it is much of a muchness (everyone agrees that nylon carpets are more stain resistant and hold their form better).

Cost difference is poly – $120/linear metre, nylon…[Read more]

There’s another property investing forum -…[Read more]

The only way you can use property to level the growth in the…[Read more]

I would also be careful with using all your PPOR…[Read more]

This really urkes me. I am currently trying to get a fence repaired, at the request of my tenant and we have had to do half the PMs job for them, then they can’t even do their little bit – the saga has been going on for over a year

*(^&^(*&*%#%^%&^

The only thing that makes me keep them is that the tenant is great and I can’t change REA…[Read more]

I haven’t developed any materials as such, but I was thinking along the lines of a handout to the owners to introduce them to the idea (since it is quite new to most), how it can benefit them, how you would manage the process and how they would be involved, and risks (to provide balanced information). I’m sure a simple information…[Read more]

Not sure about the living away from home allowance, since you are choosing to go to Sydney for work, rather than work requiring you to go to Sydney for their purposes (this could be where your accountant was getting to).

But as far as living outside your PPOR while you are working, as long as you rent while in Sydney, you can rent out…[Read more]

What education materials do you have for the seller? If they don’t understand the concept, they’ll baulk every time, especially with the bad rap most creative techniques have on the internet. Since it isn’t as well known as in…[Read more]

Are you able to value add (eg renovate) the IP to increase your rental rate?? Are you charging market rates for the rent? As SuperAndrew says, it is costing you to hold the IP (so only a help to reduce tax) and unless you are able to improve the IP to increase the rental yield, it will take an awfully long time relying on market…[Read more]

You can always go to different agencies to the agency that is managing the property. It is smoother to use the same agency as the one who is managing the property as the sales team can easily talk to the rental team, but you can always use whatever agency you like to sell the property. If you decide to go with a different agency, you…[Read more]

You could approach a number of REA in the area to get a feel for the market at the moment. Remember that 2007 was before the GFC and house prices don’t always go up, they stagnate sometimes and decrease at other times. You could also use websites like onthehouse.com.au to see what they approximate the selling price to be, or get an RP…[Read more]

You could try it now and say that you are wanting to change agents and see if they bring up anything. At the very least, it may cause them…[Read more]

I was in a similar situation where it took around 5 weeks to rent my apartment (Capital city near to major amenities – just an oversuply of available accom). I lowered the rent by $40/week and offered 2 weeks free rent. I also hounded the RE agent to make sure they were doing all they could. I also made sure the ad was updated during…[Read more]

Propertymeeting.com.au is very active in organising property investor meetings. Looking at the website, I found http://www.propertymeeting.com.au/archives/category/devonport

I realise Devonport is across the other side of the island but you may be able to contact Tracey Bell for something mroe local to Hobart. I understand Tracey has created…[Read more]

Money makes the world go round. The more you…[Read more]