HI Terry and Asiababy,

I have merged the two threads to keep things on track.

Derek
derekjones1@bigpond.com

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

Also look at School Population statistics on the appropriate Departmental website – that will give you an idea of what is happening at the school age level.

As a rule of thumb school populations mirror what’s happening in the town.

Derek
derekjones1@bigpond.com

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

Hi FM,

Will lock this to keep all comments in one thread and to save the forum from becoming cluttered with dual postings.

Those wanting to post a comment can do so at
https://www.propertyinvesting.com/forum/topic/13534.html

Derek
derekjones1@bigpond.com

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

Hi Wake,

Try

Nick Moustacas at http://www.strategicwealthmanagement.com.au

or Chris Batten at http://www.chrisbatten.com.au

or Ed Chan at http://www.chan-naylor.com.au

As with all matters tax you will need to do some checking to see if they are suited to your needs.

Derek
derekjones1@bigpond.com

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

HI JoD,

Split rates are Augusta-Margaret Rivers attempt to get more money out of the numerous absentee landowners who the council believe are not carrying their weight in terms of financial contribution to the community – the argument goes something along the lines they stock up elsewhere and spend incidental amounts when there on holidays.

The…[Read more]

Hi Arungounder,

Technically you and are correct (how is that for a win-win).

Meegs has $100K in equity but ‘only’ $64K would be considered as suitable security for loan purposes at 80% – going to 90% releases security of $82K.

In terms of security Meegs has sufficient equity to borrow a further $320K provided she/he also meets servicing…[Read more]

As Lucifer has suggested I would imagine that finance may be considered (if at all) along commercial lines and as such a greater input of equity and/or cash may be required.

Derek
derekjones1@bigpond.com

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

Hi MLV,

As I see it you can either sell one/two of the properties that have made the most gains and thus have the greatest capacity to reduce your debt levels. The flip side of this is that these are also likely to be the better long term performers – as such it may be a case of short term benefits but at a long term ‘loss’

The other (maybe…[Read more]

Hi Wake,

Time for a new accountant – the purpose of the loan is to buy an income earning asset and therefore is deductible.

This has come up before see this thread;

https://www.propertyinvesting.com/forum/topic/11153.html

Derek
derekjones1@bigpond.com

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

Originally posted by JoD:

This may be a silly question – do the body corporate have any control over rent? I mean do they have power to say ‘hey that’s too high you can’t ask for that rent!’ or is it none of their business?

Hi Jo,

None of their business – they manage the complexes common property. The rent paid is strictly an agreement between…[Read more]

Hi Steve,

Don’t make a typing error [biggrin]

Not a techo – but methinks time for a new keyboard – pretty cheap today and cost of labour generally outweighs replacement costs.

Derek
derekjones1@bigpond.com

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

Hi Joe,

Concur with PG’s comments – happy to email you the index of Dale’s book so you can see for yourself. Email me if you want a copy of the index.

Derek
derekjones1@bigpond.com

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

Hi Blade,

Not a broker – so take what I have to say with a grain of salt.

based on value of $320K and debt of $200K you have $56K of useable equity going to an 80% lend. That is also assuming your $40K improvement are not on another loan somewhere.

So from an equity perspective you are fine. Income also looks strong to me but then I don’t have…[Read more]

Hi Terry,

On a similar note there were also cases when vendors used the finance clause date absolutely to do the same thing when delays in securing finance occured.

I am sure given the different market we are now in that there situations are less likely in todays climate.

Derek
derekjones1@bigpond.com

Property Investment Support Available.…[Read more]

Hi Wake,

Understand where you are coming from but……

Are you able to access enough equity to secure additional loans if you sell your cf- IPs?
How many more cf+ properties are you going to need to achieve your goal of working less?
Is this feasible?

It seems to me the 2 cf- properties are on track to do what you wanted them to do – it is…[Read more]

Hi Wake,

In some respects whether or not to sell will come back to the reason/s you invested in these particular properties and whether or not they are ‘doing the job’.

If you invested for growth (sounds like it from your thread) and the properties have grown and are likely to continue to do so over the long term then hang on. Don’t expect them…[Read more]

Hi Asiababy,

Ensure you have landlords insurance which includes sufficient cover for your ‘belongings’, public liability within your unit, and coverage for accidental and malicious damage by tenants.

Ensure your body corporate has sufficient building insurance and public liability for common property.

Fiinally depending upon the nature of your…[Read more]

Hi KDT,

Happy to email the index of Trust Magic so you can see for yourself what the book covers.

Drop me an email with Trust Magic Index as subject (not PM as you cannot attach files) and I’ll send it back by return email.

Derek
derekjones1@bigpond.com

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

Hi Louroza,

From http://www.homesite.com.au/build/before_you_start/off_the_plan_contracts/

Sunset Clauses
Be aware of sunset clauses, particularly if you are buying an apartment. This is a very tricky area. If you are entering into an off-the-plan contract it must come to an end at some specified time. The sunset clause stipulates the date this…[Read more]

Originally posted by RodC:
I’d suggest having a chat to the local PM’s who manage these type of rentals to find out what the market expectations are for furnishing standards.

There’s no point going overboard if you don’t need to, but you obviously don’t want to put cheap stuff in if the tenants are expecting top quality.

Should be able to claim…[Read more]