Hi Dom,

I come from a position where the real wealth in property is achieved through capital growth and have a portfolio that is neutrally geared after depreciation is considered.

The growth has created a situation where we have surplus equity which has since been leveraged into a specialised managed share fund and also into providing start up…[Read more]

Hi all,

Tis an interesting matter – for which I suppose there is no right nor wrong answer.

One of the key points not yet raised here is the agent is employed by the vendor and surely this matter also comes into the ‘equation’ somewhere.

PS Baloo – maybe you should ring the agent and say “I will no longer deal with you because……”

Just some…[Read more]

HI Redwing & Sue,

Moved !

Derek
derekjones1@bigpond.com

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

Hi Ken,

Welcome to Oz and also to this community.

I am not Steve but in answer to your question <will I have a chance in successful RE investing? how should I tailor-make my own strategies to invest in RE?>

If you are committed to property investing and have the desire to do well then you are largely on the road to success.

You will need to…[Read more]

Hi Lea,

I prefer to use equity for my deposits as it is ‘easier’ to get – savings are the bits left over after the ATO has rifled your pockets whereas equity can easily be achieved by buying under value, renovations, waiting, buying well or paying off P & I.

I prefer to use my cash in an offset account or for paying down non-deductible…[Read more]

Hi Bruce,

Depending upon your total situation I would prefer to have the money available to me either in an investment line of credit or redraw account so that I coould channel all the otherwise saved money into reducing some debt around the place.

And, if there are significant repairs to be made then take the money from the redraw or line of…[Read more]

Originally posted by gattaga:
i read a book that said by adding a carport to a property it would increase its value by 10000.has anyone done this or know of other ways to increase property value,or a book on it.also is it better to buy 3 bed houses instead of 1 and 2.thankyou

Hi Gattaga,

There is no absolute answer to the question as a…[Read more]

Hi Pickle,

A PAYG variation can only be completed when you rent the property and it allows you to claim your tax refund every pay period rather than waiting until the end of the financial year while, in the meantime, you are on bread and water.

See the following links – they may be of…[Read more]

Hi Pickle,

Congratulations on your purchase – yes it will be negative cashflow but given the water views you should do well in the long term.

Without knowing your salary etc it is hard to provide much in the way of concrete comment but you can assist the cashflow situation by placing the $20K in an offset account – this will have the effect of…[Read more]

Hi Clare/Jo,

Try this for a definition;

http://members.aol.com/intwg/trolls.htm

Derek
derekjones1@bigpond.com

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

Originally posted by TeacherK6:
After 5 years of dealing with investment properties i have had my first tennant to fall behind in rent, trash / damage the place leave a mess and do a runner in the middle of the night.

Hi Jason,
While these events are unpleasant and distressful they do need to be seen in the grand scheme of things. Events such…[Read more]

In our situation our core banking is with Westpac but we have other loans with other institutions Ie simplistically 20% (edit inserted or 10% depending upon your strategy and beliefs

Call me stupid but I don’t understand this. Just when I thought I knew enough to set up my empire, I learn a whole lot of new stuff. Just goes to show, you never…[Read more]

Hi Selena,

You can email munecita by simply clicking on the email button on the bottom left corner of one of her messages. This will take you to an email facility which forwards messages onto the intended recipient.

Derek
derekjones1@bigpond.com

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

Hi Wonga,

You are not doing anything wrong – the consensus of the forum seems to be that property meeting the 11 sec rule (in sustainable localities) is becoming scarce in Australia – a bit like a needle in a haystack scare level.

Having said that those who have developed good networks are still finding them and others are moving (have moved to…[Read more]

Originally posted by clare k:

This is my first message….hope i did it right!!

Hi Clare,

Welcome aboard and you ‘did good’

Derek
derekjones1@bigpond.com

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

Hi Apprentice Investor,

Give http://www.depreciator.com.au a call. Scott (AKA depreciator) is a regular poster.

Derek
derekjones1@bigpond.com

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

Hi Greg,

Not a problem.

Derek
derekjones1@bigpond.com

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

Hi all,

To me it’s not a question of house or unit per se – but more about what is the relative value of the piece of land that the property sits on.

Derek
derekjones1@bigpond.com

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

Hi Henry,

Nah – checked past posts and Sponge is based in SA and started his NZ journey very recently. I see the question as being genuine not like another of his early post of a couple of months ago.

Derek
derekjones1@bigpond.com

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

Hi Mad-Cat,

As PG said set up your super fund as a SMSF and you can buy whatever you like provided it complies with the legislative requirements.

If your superfunds are limited you can set up a trust like structure and borrow the remainder of the funds needed – bear in mind costs and income is apportioned in accordance with the ownership…[Read more]