Hi Robyn,

Not sure if this is what you are chasing but;

http://www.jaffasoft.com/

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Rob,

You’re not pumping and dumping are you?[biggrin]

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Dazzling,

Noticed last night that Mark Rosen (sp?) REIWA President believes much like you that the prima growth areas now have reverted towards the prime areas of Churchlands, Dalkieth and Nedlands which are classic ‘blue chip’ suburbs.

I am sure the ripple effect of the growth has largely broken on the outlying suburbs and is now reforming…[Read more]

Hi Lambsie,

Have a look at this thread.

https://www.propertyinvesting.com/forum/topic/15017.html

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Mcdirt,

Hopefully you will see this before you go.

Your agent should/would have asked you to sign an agreement to manage your property. They generally use the standard REIWA document and in it there is a requirement for the agent to forward through to you the balance of rental monies due to you.

The clause also provides you with an immediate…[Read more]

Hi Rob,

Mohawk?

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Ibglen,

While I have a ‘plan’ I don’t use a planner as such. I did attend Steve Navra’s seminar in Perth a couple of years ago and am using the essence of what he was discussing as the guts of what I am doing.

In many respects it was the same as many people here who have attended a seminar and then are using the essence of what they learn’t…[Read more]

Originally posted by kchin:
I am fairly new to the investment property scene and was just wondering when you purchase property do you go through and see everyone. There are quite a few theories on the best way of investing ie. Steve McKnight, Margaret Lomas etc and was wondering what most of you did.

Hi Kchin,

From a personal perspective I…[Read more]

Hi Rip,

We initially ‘linked’ two properties some time ago to kick start things a little.

Since then everything has been stand alone as there is greater flexibility and it is easier for you, rather than the bank, to control your properties.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Chan,

Another option may be to check out Steve Navra at http://www.navra.com.au – while Steve is based in Sydney he does from time to time have one day workshops in Melbourne. I believe he also has an office in Melbourne.

On the otherhand the cost of a return airfare Melb – Syd return is pretty cheap too.

Be aware that Steve has growth focussed…[Read more]

Hi Mcdirt,

You need to get stronger and ‘heavier’ with this PM as you may have a theft matter on your hands – they are obliged to forward the rent to you (usually monthly) and a statement – this is outlined in condition 4 of your standard agreement.

If they haven’t done this they are in breach of their obligations and you are entitled to cease…[Read more]

Hi Linden,

The key factor is what is the common property. In various parts of Australia they do differ and in WA, for instance there is/was more than one strata pplan which, depending upon which plan you bought delineated the ‘common property’ as different things.

In some plans the walls are included as common property, in other instances it may…[Read more]

Hi all,

As a follow up to the previous post here is a satellite image of the area today.

http://rapidfire.sci.gsfc.nasa.gov/subsets/?FAS_SEAustralia1/2005012/FAS_SEAustralia1.2005012.terra.721.250m.jpg

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Malcolm,

You can post the locality of the property now that the deal has been done – there may be others here that have property in the local area too.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Rod,

I see the notion of an ‘exit strategy’ has two aspects.

Initially I look at how I am going to use the property to sustain me in my post ‘working life’. For some people it is a choice to use pure rental income, whereas others will sell all/some of their properties and use the growth component and yet others may choose to use the increased…[Read more]

Hi Ray,

I don’t see a problem – so what if you are being taxed more – doesn’t that also mean you are earning more?

Having said that I prefer to buy growth focussed properties in good, proven areas and then use any depreciation benefits to improve the cashflow and enables me to hold quality properties in quality locations for their long term…[Read more]

Hi Twobob,

I have used PIA but found the projections beyond the first couple of years a little meaningless as they are straight line projections based on annualised rates of growth etc.

I have another (copyrighted and not commercially available) program which projects cashflows (after tax) in the first two years – I find this more than…[Read more]

Hi Terry,

People should be increasing their rents at the moment. The Perth rental market is firming but landlords do need to take a proactive position as most PMs are happy to let the status quo remain.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Abby,

Owning outright an asset such as you do puts you in the enviable position of having a number of options available to you.

1. Remain in the place and use the equity on as deposits on other properties.
2. Use this place as a rental, rent somewhere else and use the equity as per suggestion one.
3. Use this place as a rental, buy somewhere…[Read more]

Hi Alex,

Most lenders do not like these and will only lend to around 70%. As such they ‘suck’ more of your equity/cash than you would otherwise need in a standard property.

Because of this many investors will steer clear of them and resales (and consequentially growth) becomes somewhat problematic.

Also recommend you do a search as this topic…[Read more]