Hi Yack,

Appreciate the original comment and subsequent discussion has largely focussed on people buying now.

However equally (even more ?) disconcerting are the number of recent posts asking whether or not people should sell a performing asset. This is where someone like Peter Spann’s comments come into play – sell if you get an offer too good…[Read more]

Hi Kp,

Certainly something to have up the sleeve and addresses the serviceability issue that some people may run into.

Using Steve’s share fund at the moment to keep all available equity working – and working very nicely for me.

Derek
derekjones1@bigpond.com

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

Originally posted by kp:
I would suggest you speak to a good broker, to secure finance to tap the equity, and also to Steve Navra regarding the cashbond.

Hi Kp,

Were you at Steve’s course last year?

Derek
derekjones1@bigpond.com

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

Hi Caesar,

Popular opinion is that they are, generally speaking, difficult to find – especially when looking for something that meets the 11 sec rule and is a good investment.

For me CG is the key – that is where the real $ are – it just depends on your investment philosophies and your personal situation.

Derek
derekjones1@bigpond.com

Property…[Read more]

Originally posted by Michael King:
The property is cashflow negative by only about $2,000 pa.

Another point that you may want to consider is the property has grown in value by $150K (and compounding) in 4.5 years and currently costs $2K per year or $40/week.

$40 buys ~2 pizzas – makes the property pretty cheap to…[Read more]

Hi Terry,

I would ring said accountant before you go in and ask him/her about their knowledge of wraps and if he/she is uncertain then move your books to an expert.

I prefer to know that when I deal with the ATO that my accountant knows what he is doing.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never…[Read more]

Hi Mike,

I fully agree with Yack and Terry – why sell an appreciating asset and especially one in Sydney – which tends to lead Australian property cycles.

If cashflow is an issue consider the use of depreciation and take todays dollars today.

It would also seem that you have neglected the 2.5% vendor tax that is now in place in NSW which will…[Read more]

Originally posted by thecrest:
I don’t agree with placing a rental property with more than one agent and starting a race because then the temptation is there for a PM to place a less than satisfactory tenant in your property merely to beat the opposition.

Hi Crest,

There is still nothing to prevent the owner from ‘sifting’ through the…[Read more]

Hi Zen,

I certainly wouldn’t be in a hurry at the moment. There are plenty of properties out there, take your time and source the right property for you with a long term view in mind.

If you are happy to negative gear in the pursuit of good quality property in city areas (I do and look at it as an investment for my future) then I suggest you…[Read more]

Hi Tracey,

Ditto the previous comments and adding that most display homes I have seen seem to be placed on the major roads (often the entrance point) to subdivisions and estates. As a result future growth may be somewhat compromised.

Derek
derekjones1@bigpond.com

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

Originally posted by Bonnie:
Hi Everyone,
Does anyone have any magical ways in which to find a tenant for a property? I was told when purchasing this IP that the most time I can expect to wait until a tenant is appointed to the property is 1 week. Well guess what – it’s now been 2 and a half weeks and I’m getting a bit aggitated.
Any suggestions…[Read more]

Originally posted by Domo:
Listing an IP with more than one agent is a good idea but I found as part of their standard paperwork the agents want you to agree to be listed exclusively with them for a set time.

Hi Domo,

It’s simple really – you do not have to accept the standard paperwork. You can make changes to suit your needs. While some REA…[Read more]

Hi Caesar,

I am not sure that the 11 sec doesn’t work – it is just that the numbers of properties fitting the 11 sec rule seem (by popular opinion) to be further afield or overseas and, by virtue of their location, not necessarily be sustainable long term investments.

From comments regularly made on this forum it would seem that many wannabe…[Read more]

Hi Divcor,

A Quantity Surveyor can establish the ‘start up’ value of the building and also of the plant and equipment contained therein.

The age and nature of the building will determine how much depreciation is left to claim. Recommend you PM/phone ‘depreciator’ (AKA Scott) for expert comment. His firm will prepare a depreciation report for…[Read more]

Originally posted by Brooke_D:
Any feedback is much appreciated!

My sincerest apologies – I didn’t realise you only wanted feedback that supported what you had done.

Sometimes contrary ‘opinions and criticisms’ are the most valuable.

Derek
derekjones1@bigpond.com

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

Hi Recoveryman,

All REA fees in WA are negotiable.

By way of interest we paid less than that for a property that sold at a slightly higher price in Perth in 1999.

Derek
derekjones1@bigpond.com

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

Hi Creative,

First entry onto the forum was a ‘pump’ for a real estate organisation based in NZ

These guys are well worth a look. I bought a property off them in New Zealand which is now tennanted at 11% Gross. They are straight up about the risks and the downsides, and have definatly done thier homework.

Well worth a look.

and now a disguised…[Read more]

Hi Poperr,

You will need to check your strata by-laws to see if fences are specifically precluded – if not you need to write a letter of application to the strata management company who should circulate your request to the other owners for their comment.

However it is entriely possible that the strata company will say no – as it appears they…[Read more]

Originally posted by clintdb:

I think what Derek was getting at originally (and what I was in agreement with) was that if you are doing things that force you to go without rent for a while, try not to miss the Jan/Feb commencement of uni

Hi Clint,

That is the point of my comments – initially our property lease concluded in April (coincided…[Read more]

Hi all,

Recommend a read of the following thread for a response by Jamie.

https://www.propertyinvesting.com/forum/topic/7845/1.html

Derek
derekjones1@bigpond.com

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