Hi all,

I am with Alistair with this.

Retirement villas are a niche property and as such lenders generally see them as riskier investments hence their typical LVR is below 80% (having said that things MAY change).

For this reason a retirement villa may make a ‘good investment’ for someone who is wholely and solely chasing some form of cashflow.…[Read more]

Try here

http://www.diypropertysales.com.au/packages.shtml

Small sign writer would also be the way to go. Also try fsbo on a google search – there are alternatives there.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Delboy,

I have deleted your other threads on the same topic as it creates a disjointed series of responses.

On a side matter I am curious as to why you are keen to reinvent the wheel when BIG is established and up and running and has a group of keen people in coordination roles.

See the following…[Read more]

Hi Mothy,

Whatever you do do not use your savings as a deposit on your investment property while you have non-deductible debt.

My thoughts are as follows;
1. Put your cash into an offset account linked to your home loan – from the sounds of it you have sufficient savings to cover the interest bill on your home loan. THis means your interest bill…[Read more]

Hi zaksta,

The only tweak I would make on Foundation’s comment is to write to the OSR and ask them for an answer. Provide your details and reasons and post the letter (email off).

This way you will have something written down that will be a reference point should someone zealous come along in the…[Read more]

Hi Redwing,

I would certainly go again if the dates were suitable. It is a course I highly recommend to anyone who is looking at an overall investment strategy and the most effective use of money.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

WA has a seizure of assets law and in a recent case (the outcome of which escapes me) saw a landlord have their property seized because the tenant was growing dope in the house.

According to the law at the time this was a ‘legal’ process. Since this case the law was reviewed but I cannot for the life of me remember the…[Read more]

I have a veryt simple (some woould say basic) spreadsheet I use to record income and expenditure for each of my properties.

You are welcome to use it. Drop me an email with property spreadsheet in the subject line and I’ll forward you a copy.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Marty,

John’s comments have stimulated another discussion at https://www.propertyinvesting.com/forum/topic/20640.html

I will lock this one and anyone with comment to make can go to the aforementioned to

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Is this the same Rob Dale?

http://www.couriermail.news.com.au/common/story_page/0,5936,17142604%255E953,00.html

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi WASP,

What you have described is a relatively straight forward approach which is followed by a number of investors.

As for fine tuning the detail here are some comments.

80% Lends
If A and B took out an 80% lend on their existing property it would realise $176K which, after allowing for the existing $50K debt, would provide $126K for…[Read more]

Originally posted by dohicky:
I charge my partner rent so I can still claim half of the depreciation etc.

Given you have already received rental income for this property you are now liable for CGT when you do sell. The exact figure will be determined by the various entry and exit costs and then an apportioing process determined by the percentage…[Read more]

Here is the link to the post Richard refers to.

https://www.propertyinvesting.com/forum/topic/20430.html

Just trying to keep the board ‘tidy’

Derek

Hi Amy,

Only here for a short time so will get back to your request later – in the meantime just a friendly heads up for you. Please refrain from multiple posts of the same question as it clogs the boards up and will make it harder for others to meaningfully contribute and engage with discussion.

In the meantime enjoy the stay and ask your…[Read more]

Hi Scott,

Costs total about 5%-6% of your purchase price and cover solicitors fees, mortgage stamp duty, stamp duty, valuation fees, title searches etc

For a deposit you need to allow up to 20% of the purchase price.

This can be reduced to as low as 5% (depending upon property locations and your situation) in which case you will need to cover…[Read more]

Hi Redwing,

I am an unashamed growth focussed investor and adopt a buy and hold quality property in quality locations approach.

In addition spare and available equity is being utilised in shorter term investments and helps maintain additional income streams as per Navra.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

I believe this scenario (or similar) is one that can be an effective selection tool when looking for accountants to see whether or not they will cut the mustard as your accoutant.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Shelley,

Who do I recommend?

I suggest you have a number of worthwhile contributors on this forum who could be of assistance. Read their posts and see which one/s strike a chord with you and then give them a call. You have in front of you a ‘few’ that have put their level of knowledge and demeanour in the public arena.

You will be surprised…[Read more]

Originally posted by Shelley D.:
I want to buy another ip. Can anyone tell me what my monthly repayments would be on an interest only loan of say $160K.

Debt X Int Rate/12 = monthly repatments.

This will give you monthly repayments – albeit there will be slight variation due to 30/31/28 days/per month issues.

Also, my BANK won’t lend us any…[Read more]

Hi Pen,

As always with holidaylocation investments – grab a large paper bag, fill it with air, put the bag up to your mouth and hold it there while taking 10 deep breaths.

When you have completed this – and you are still considering the property as an investment. Do lots and lots of research.

A property in a holiday location does not always…[Read more]