Hi Marisa,

It would appear as if the age of free information on the web is passing.

Try this http://reareports.realestate.com.au/ – the first report is about a postcode – no price details given though.

Another

http://www.domain.com.au/UserServices/suburb_report.aspx?mode=subsell

A little superficial – but they may be of…[Read more]

Hi Flanno,

The issue as far as many banks are concerned is they are reluctant to (don’t) do an 80% lend – they have issues with the suitability of these properties as security.

Depending upon the lender there are/could also be issues with using any subsequent growth in value as security for other lends.

Anything under around 50 sqm (give or…[Read more]

Hi all,

Keeping investment and non-investment expenditure separate is critical. I’ll say that again critical.

Mix the two up and you create a nightmare as far as calculating how much interest is deductible or not.

If there are any ‘windfalls’ along the way these are apportioned over the whole debt rather than you being in position to say ‘that…[Read more]

Hi Bailliez,

Go along – just leave your credit card, cheque book etc behind and don’t sign anything on the night. Take as much information as you can from the night and DO NOT do anything for a week or so after when you have had more time to think through what is being discussed.

And finally make all decisions in the comfort of your home and…[Read more]

Hi all,

Another article about HK course fees. The information may be useful to someone out there.

http://www.theage.com.au/articles/2004/07/15/1089694487440.html

Derek
derekjones1@bigpond.com

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

Originally posted by redwing:
With OTP purchases, i believe there are Stamp duty savings also, is this correct ??

Hi Redwing,

Stamp duty savings can be realised if the contract is basedon buy the land then build the property type contractual arrangement. If the purchase is the total (land and property) then there are no stamp duty savings to be…[Read more]

HI Hector,

Just had someone else asking exactly the same question – have a look at

https://www.propertyinvesting.com/forum/topic/11723.html

Derek
derekjones1@bigpond.com

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

Hi Mrsimba,

For QLd try http://www.rta.qld.gov.au/

Derek
derekjones1@bigpond.com

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

Hi Diane,

We live near a windfarm (12 towers all 100m high to the highest elevation) that overlooks the southern ocean.

As Shaun indicated construction of a windfarm in coastal areas is somewhat controversial and a lot of opinionated people emerge from the trenches. We had people saying the oscillation of the fans was at the right pitch to scare…[Read more]

Hi Jsandso,

There was a company who were promoting themselves as providing precisely the service you are after. There was an article about them in the weekend papers some time ago (as in months ago) but I didn’t pay a lot of attention to it.

I would be a little sceptical of such an arrangement anyway. In my experience tenants will look at a…[Read more]

HI Marisa,

I am of the opinion that the priorities are somewhat determined by the location of the property and in your case you have number one and two pegged beautifully.

I would add that the cooling capacity needs to reach all rooms in your case as the evenings can be ‘warm’ and as such you may be best to put in a ducted evaporative unit -…[Read more]

Hi Marisa,

Just got my trusty little calculator out and it asks the following –

Will a driveway (or not) add to your rental returns or tenantability or increase the value with a multiplier effect?

Derek
derekjones1@bigpond.com

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

Hi all,

The problem presented has been satisfactorily addressed and as such subsequent postings are getting off topic. Hence topic locked.

Derek
derekjones1@bigpond.com

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

Originally posted by Aceyducey:
Frankly I’m finding now that I’m getting to the point where the deals come looking for me.

Get the networks & knowledge in place.

Hi Acey,

I dare say one of the reasons this occurs is because you know what your investment goals are, where you portfolio currently stands, your borrowing capacity and so on – and as…[Read more]

Hi Calypso,

Be aware that the name on the lease (yours) is liable for any debts and expenses incurred – as such there are some ‘legal’ type issues that will need to be addressed in order that your interests are also protected.

The presence of the third party (you) is the reason behind the agents being a little reluctant to enter into such an…[Read more]

Hi Marse,

Are you considering loose blue metal stone (AKA crushed granite usually used as the outer surface on roads) – if so make sure you have the stones well retained in the driveway otherwise they will be spread all over the yard by years end.

For me a better option may be blue metal dust – which is the fine crushing of the same rock…[Read more]

Originally posted by Ticky:

They stated that this invoice from the plumber was the icing on the cake having several had prior complaints about charges.

Based on this comment methinks the PM has been asleep on the job too.

But all said and done in the grand scheme of things these bills, albeit we don’t like paying for them, are part and parcel…[Read more]

Hi Karl,

Do you have $2K in your credit card – given the urgency of the situation this may be the most convenient option.

Otherwise get in touch with your lender/broker immediately and see what they can do – personal loan, extend line of credit etc

Also get in touch with the vendor explain the situation to them – while they may not be in a…[Read more]

Hi Kaiah,

I am in agreeance with Yorker.

At this stage it appeas as if you have read one book (apologies if this isn’t the case) which advocates one investment strategy.

I would suggest you read Jan Somers book ‘More Wealth From Residential Property’ to provide a contrarian investment strategy and will provide some balance to your knowledge…[Read more]

Hi Jseses,

The key point is to know what you are looking for first – otherwise it is highly likely that you may miss ‘it’ anyway. As such it is important to have some key attributes you require in your property as this will also help narrow down your search area.

Once this is done you can then use the Internet and scan papers as you are already…[Read more]