Originally posted by wendyb:
[suave3]My husband and myself are looking at a L/O with my Daughter as Landlord. (due to us being newly discharged Bankruptcies, and needing to prove out credit rating, also daughter being able to help us to gain a new start). We will lease from her for 2yrs, then endeavour to cash her out, so she can carry on with her…[Read more]

Originally posted by Kerri-67:
what is churn?

It is the practice of redoing ‘deals’ unnecessarily so that the broker earns extra commission.

Churning has been known to apply to some finance brokers who regularly and unnecessarily refinance deals. It is also known to occur in stockbroking trading when advisors tell clients to ‘buy and sell’…[Read more]

Originally posted by Bonnie:
Just wondering if it’s possible to get out of a contract with a property manager before the agreed time.

Clause 14 of your PM agreement gives you the exact conditions under which you can terminate your management agreement.

The standard agreement gives three options for termination of services of which wo include…[Read more]

Originally posted by Sonja:
After reading the council’s article I’m not altogether convinced I’d buy a house there but winning that raffle sounds pretty good to me – definitly +ve CF! I wonder if they are still going to run it…

Hi Sonya,

The raffle has been ‘done and dusted’ – just goes to show the lengths some councils will go to encourage…[Read more]

Originally posted by OSienna:
The other issue with depreciation is that when it comes to paying Capital Gains Tax, all the losses you’ve been claiming as depreciation over the years is factored into the final CGT amount. So what the tax-man giveth with one hand he taketh with the other.

Hi Osienna,

There have been a few changes to CGT and…[Read more]

It isn’t your computer it is the latest ‘gimmick’

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Check the floor size – anything less than 50sqm lenders get ‘touchy’ about and generally do <edit – insert ‘not> lend to 80%. As such there can be growth issues with these properties given they only appeal to the ‘niche’ investor market.

You will also need to check tenancy rates, sound proofing between rooms and whether or not the ‘possible’ rent…[Read more]

Originally posted by BouncingBenny:
True enough, I haven’t got a budget in place, nor any other savings. I was paying off a car loan and my credit card, so paying off debts was my main focus. Now that I can afford to pay these debts off immediately, I would like to start putting my money into investment.

I would suggest that initially you put the…[Read more]

Hi Benny,

The answer to your ‘what shall I do with the money’ question really lies in what your plans are and how the money can best be utilised to help you achieve those plans.

For some people their investment goals focus on capital growth and yet their are others who focus their investment goals on income streams. Of course there are also…[Read more]

Hi Leanne,

A list of other reads;

https://www.propertyinvesting.com/forum/topic/6845.html

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Hi Possie,

For a quick skim of information look at

https://www.propertyinvesting.com/forum/topic/14446.html?SearchTerms=interest,only,loans

But as Jo said try the search topic as this comes up often.

BTW – I am an interest only advocate.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Originally posted by dave78:
The property is a 3BR house on a large block of land that have sub-division opportuniies. Has a new tenant that has signed up for $120pw for 12 months. The house is on the market for $59,000. The average home is selling in this area that is of similar age, size, and quality has been sellig around $45,000 to $50,000.…[Read more]

Originally posted by aussierogue:
came to the sobering conclusion that should things go pair shaped in general (recession or small growth) our greatest assets may infact be our own ability to earn an income. ie to have a secure well paying job….to keep cashflow at a good level to take advantage of the deals as they come during a downturn

Hi…[Read more]

Hi Wendy,

Without knowing the specifics of your current structure it is difficult to provide clear cut advice.

Each of the properties is sufficiently valued to be stand alone loans. For me this is the first thing that I would investigate if I were you and if the loans are cross-collateralised then take steps to make them stand alone.

Once this…[Read more]

Originally posted by yarpos:
move to another bank? am I missing something?

move to another bank to finance overpriced apartments?

move to another bank because they went out of there way to protect this persons interest (and of course longer term their own). Seems like they may have actually earned some loyalty, if that word means anything…[Read more]

Hi Andy,

I am not convinced that a REA course will make you a better investor if that is the ultimate aim.

The information you require to be successful is available through ‘walking the street’, research or for a minimal cost from various government agencies.

Bear in mind REA is a high turnover industry and a great many of them are not…[Read more]

I am assuming the property is in South Australia.

Try these links;

http://www.parliament.sa.gov.au/Catalog/legislation/Acts/S/1988.13.htm

http://www.parliament.sa.gov.au/Catalog/legislation/Acts/C/1996.37.htm

A little light reading for Boxing Day.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Hi Mgr,

Don’t be seduced by the rental guarantee as there can be a number of pitfalls attached. A well chosen property, marketed at the right rent should be able to sustain itself at market rates.

1. Who is providing the guarantee? I have seen instances where the ‘guarantee’ was provided by insurance companies, another by a $2 shelf company and…[Read more]

Hi Marisa,

I would suggest that you maintain the pool properly and also get the rent reviewed to ensure that the tenant is paying market rent + premium for the pool. This way the property becomes a little more attractive to a would be tenant and increases your gross returns.

Correct and proper maintenance of the pool will also send the right…[Read more]

The question of wrapping legalities in WA has come up before.

Try this thread https://www.propertyinvesting.com/forum/topic/12120.html?SearchTerms=WA,Wraps

Note I am not a wrapper and hence cannot qualify any of the comments made.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.