Hi Jars,

Of course the possibility of looking for cashflow positive properties is an option, however I would be concerned the holiday home will become a large millstone and detract your from your journey for an extended period of time.

Given the desire to periodically ‘put your feet up’ from time to time you may be better ‘paying yourself’ to go…[Read more]

Hi Ted,

And that is when I want to be a fly on the wall.

Derek
derekjones1@bigpond.com

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

Hi Jars,

It seems to me that you have drifted off course.

Your other properties seem to be ‘solid investments’ in your situation and have all been purchased with a clearly defined criteria and purpose in mind.

And then came the ‘holiday rental.’

I must admit I am anti-holiday rentals as a rule of thumb and as such I tend to put them almost in…[Read more]

Hi Russnkez,

Suggest you do a search on richmastery.

Left hand side, click on ‘forum boards’ then click on ‘search’ then enter ‘rich mastery’ in the text box and you’ll see the topic has been discussed at length before.

I am sure there are some very comprehensive comments contained within your search…[Read more]

Hi Kay,

I agree with you – what really interests me is……

Valuer A – How did you come up with your figure?
Valuer B – How did you come up with your figure?

And the answers from both valuers will go something along the lines of.

Well your honour I did a search of comparable sales in the area and found these properties, rang local real estate…[Read more]

Hi Anna,

Know any painters? They sometimes have a ‘stash’ from completed jobs out the back somewhere.

Derek
derekjones1@bigpond.com

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

Hi George,

The only thing that I can guarantee is that 2015 will be different – how?

Just dusting off the ‘crystal ball’ now and finding the ‘thinking hat’ and what do I see.

1. Continuing seachange drift.
2. Urban sprawl being halted/slowed and ‘infill’ becoming even more prominent.
3. Continued expansion of ‘work from home’ policies.
4.…[Read more]

Hi all,

Before we get too excited it may be necessary to do some maths. Buying an $150K investment property after 1st July will only save $230.

Also bear in mind the depreciation ‘rules’ change after July 1 so any savings made will be offset with reduced depreciation claims.

Derek
derekjones1@bigpond.com

Property Investment Support Available.…[Read more]

Hi Miracle,

My recollection of Display Homes is the same as Yack’s they are usually on one of the main entry point into the new estate and as such will always suffer from ‘noise’ issues.

The few I have looked into seemed a little overpriced and as such I figured that I was going to be paying for the good returns…[Read more]

Hi All,

Whether people believe ‘this time’ will be any different to previous cycles only the individual concerned can make that decision.

But if one truly believes the same factors are playing in this cycle then I believe they are sadly mistaken.

The last and most recent crash (if that is the right description as not all cities were affected…[Read more]

Hi Shane,

Try this https://www.propertyinvesting.com/forum/topic/10827.html

Derek
derekjones1@bigpond.com

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

Hi Redwing,

The comments made by the real estate agent re FHOB mirrors my undertanding and knowlegde. SOmeone I know picked up a house at a reduced price because the FHOB have temporarily left the market. He paid more in stamp duty but made saving on the purchase price.

Derek
derekjones1@bigpond.com

Property Investment Support Available.…[Read more]

Hi Philip,

In terms of a ‘course’ there isn’t a ‘selecting IP’ courses around as far as I know however Steve’s book (pg 37) has a few pointers that may be of use.

Some of Margaret Lomas’ pointers are included in the following thread https://www.propertyinvesting.com/forum/topic/10795.html

There are no doubt other threads also discussing the…[Read more]

Hi Newgen,

If you used a broker they may well be able to assist with the required information.

If not, ring your loan manager and ask the question. If they are still reluctant then ask them to indicate whether or not, in their opnion, you have sufficient equity to buy another property. Who knows – you don’t ask you won’t…[Read more]

Hi Wrap,

Look at http://www.navra.com.au then follow the links ‘news articles’ then ‘latest NFS articles’ and then ‘table of graph of median prices 83-04’

This gives you a 20 year snapshot – Steve Navra argues that any further back than this and your statistics are unreliable because of the significantly changed economic and social conditions as…[Read more]

Hi Lil Man,

As a word of encouragement my nephew only yesterday had an offer accepted on a property in a cheaper area of Perth.

He is 18.5 years old.

I might also suggest you ask for a couple of investment books for your next birthday – Creating Wealth From Residential Property by Jan Somers and Steve’s 0-130 in 3.5 years – both books provide a…[Read more]

Originally posted by georgisj:

If two people purchase an IP under common tenancy, the legal ownership is 50/50. The deuctions are allowed in line with ownership rights ie 50/50.

If you buy as tenants in common, you can assign whatever ownership split you like. ( eg 60/40, 85/15 etc). There might be some advantage if for example a couple had…[Read more]

Hi all,

Typically you do not need or use a solicitor in WA real estate transactions = however Elmar’s situation was based on the interpretatioon of wording one of conditions included with the contract of sale.

Derek
derekjones1@bigpond.com

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

And residential or commerical?

Derek
derekjones1@bigpond.com

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

Hi all,

Caught this article in Jan 25th 2004 edition of the Age. Thought it may be of interest to the discussion. Once again there is no mention of the leveraging advantages of property and as someone else pointed out to me – nor is their any apparent recognition of renovations, building renewals etc.

2004: property or shares?

January 25,…[Read more]