HI LA,

All things being equal I prefer to use someone in the local area. It generally makes tenant finding a little more effective given they have access to window shopping passing traffic who may be looking for a residence locally.

Having said that you may be in better position to negotiate discounted management fees and costs with two…[Read more]

Originally posted by Greg F:
Hi folks

Can some kind forumite please teach me how to use the “colour” button to put that sexy red ink into my replies in a “Question and Answer” format??

Hi Greg,

All you need do is ‘pick’ the colour option from the pull down menus at the top of the message box. The colour you choose will be represented by a set…[Read more]

Originally posted by lifeX:
And maybe I am missing something obvious, but why don’t you take out a 100% mortgage on your existing acreage and pay off your ppor. This would convert 100k of your non-deductible debt into deductible debt. This would
mean that you only then have $80k of non deductible debt

Hi LifeX,

While this suggestion seems so…[Read more]

Originally posted by summer:
Thanks for advice i am going to get a quanity surveryer done as the property is 1930’s.

Hi Summer,

Probably wont be worth it. If the building was built in the 1930’s there will be no building depreciation left aprt from any recent renovations that may have been done. Suggest you PM Scott AKA ‘depreciator’ for some…[Read more]

Originally posted by summer:
I didn’t know about a quanity surveyor until i joined this site i will look into it thanks for the advice. I was just leaving it to my accountant (although he is very good.)

While your accountant may be ‘good’ he is not qualified to calculate your building depreciation allowance if the property is post 1987.

As such…[Read more]

Originally posted by hghaas21435:
However, he does not personally own investment property and doesn’t quite get the importance of having properties as ‘stand alone’ in order to remain flexible, whilst reducing risk.

I am fairly certain the brokers who regularly post here are also property investors and would be cognisant of your need for risk…[Read more]

Hi Glen,

Have a look at

http://www.osr.nsw.gov.au/portal/page?_pageid=33,63650&_dad=portal&_schema=OSRPTLT

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Julie and Glenn,

Based on your comments I would suggest you should talk to a broker about your financial structure – there are a number of brokers who regularly post here. I suggest you read through soem other posts in the finance section to get a flavour for who could help you the most.

A financial advisor, on the other hand, will design a…[Read more]

Hi Nath,

What is your property manager doing about the matter?

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Originally posted by persistence:
After spending the past two years reading everything I could lay my hands on about property investment, I’ve finally come to the conclusion that I have a severe case of analysis paralysis and that it’s time to put my money where my mouth is and actually buy a property.

My problem is, my next step now is…[Read more]

Originally posted by Michael King:
I agree it is a good long-term investment. It may be, however, that we see no appreciation in the next three years. If this is so, even taking into account all the costs of sale (and purchase of another property), it may make sense to buy and hold cashflow positive property for the next three years, then buy back…[Read more]

Hi Mike,

We would need more information than that provided to give any ‘good comment’.

For me you really need to consider why you bought this property in the first place and is it doing what you wanted, and will it continue to perform along the same lines.

If the answer is ‘no’ – then sell and move on. If however the answer to both questions is…[Read more]

Originally posted by MichaelWhyte:
Don’t mind paying a commission if they’re really that good, but 6.6% is insanely big.

The figure quoted represents maximum and the ‘average’ is less than this. These funds are also used to assist members immediately prior to and post purchase with services that make the investment journey…[Read more]

Originally posted by debtdogg:
Any suggestions as to which one(s) to read?

Hi Mark,

Recommend all of them – the ‘best one’ of Jan’s books for me was Jan’s ‘Story by Story’ which gives a number of very short stories about property investors – some positive and negatives and so to do and not to do hints.

After that the other three all have their…[Read more]

Originally posted by MichaelWhyte:
I thought clearing the debt on my PPOR was the way to go and that’s the plan I’m executing right now.

Initially we were of the same thought processes Michael – but after much thought and investigation we decided to follow the ‘bit of both approach’.

I think it was Noel Whittakker who did some calculations that…[Read more]

Originally posted by spider2:
What do you think of Roebourne. I think it is about 40KMS N of Karratha.

Hi Spider,

Forget it – cashflow positive it maybe but if you are looking for an ‘investment’ you are better off placing money on number 4 in the fourth at Randwick this weekend.

BTW Roebourne is East of…[Read more]

Originally posted by FW:
However one thing is a must – I ALWAYS have building insurance, with an extremely good public liability cover.

This is the critical point – while we can all afford to cover a few thousand here and/or there to varying degree. Having a public liability claim come across your desk could run into the millions depending upon…[Read more]

Hi Dannads,

I am curious as to the reason you bought these properties in the first place and whether or not they are performing as desired – because the answer to these questions will largely determine what you should do.

Looking quickly at the situation.
Your PPOR is fully paid for and as a consequence you have no non-deductible debt in…[Read more]

Hi Romina and Luca,

That is terrific news – Redcliffe will be a good long term investment.

What does Nicholas think about it?

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Originally posted by Lainy:
Hi I have three investment properties in London and have always used a Buy to Let mortgage with the same finance provider. However there is a limit of £1,000,000 that any one can borrow.

Hi Lainy,

The key point here is that your are limited to 1 mill pounds with a single lender.

I suggest you speak to a broker a…[Read more]