Most councils use the unimproved value of the land to determine the annual rates bill. As such they may, depending upon, privacy legislation etc be willing and/or able to give you the information you require.

I have found in the past the councils I have spoken to have been forthcoming with this information.

Derek
derekjones1@bigpond.com
0409…[Read more]

Hi Tj,

Welcome to the forum and congratulations on having paid off your home. This does put you (equity wise) in a position to start investing.

However the critical information missing from your previous post is that how do want to use property as your chosen retirement vehicle. This piece of information will help you to determine which property…[Read more]

Hi Khalida,

As Eric indicated a cashflow property exists when income exceeds all expenses. Some people also include (others don’t) tax savings that can be available through depreciation.

A property shouldn’t be considered for cashflow alone – there are other factors to be considered when selecting property. Also do not neglext opportunities to…[Read more]

HI Nathan,

My suggestion would be to use the funds to release mum as quickly as possible from ‘guarantor’ status.

How you do this is a little difficult given we are not familiar with the property’s specifics.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi Maria,

Pools can increase a gross rental return but yes there are increased costs incurred.

I would suggest that as landlord you should be responsible for maintaining the pool – just add a premium to the weekly rent to cover those increased costs. If you use a pool service agreement with a local shop then there is minimal impact on you or…[Read more]

Hi Hugo,

I haven’t used them but would make the following comment based on a quick skimof their website.

It appears as if they offer a broking service – something the brokers who contribute to this site could do.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

all of the above

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi Bwendan,

I made some suggestions of questions that should/could be asked at a consultant level on this thread

https://www.propertyinvesting.com/forum/topic/4680.html

Obviously some of these are more suited for one on one conversations – but they may get you thinking.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and…[Read more]

Originally posted by MiniMogul:
all of them went up more than 100 percent in 18 months.

Don’t they say ‘one sparrow doesn’t make a summer’?

If long term sustained growth is so good why is it that property in smaller towns/regional centres etc is generally cheaper than cities?

And while percentages sound impressive – raw dollars are equally as…[Read more]

Hi Ambo,

As Surrey has indicated the price is not agreed until both parties sign off the contract of sale or whatever it is called in your home state.

Up until the moment that both of you sign the contract and agree to all conditions anyone can buy it. I wouldn’t hand over my deposit until this point in time.

Not only do buyers face this…[Read more]

Hi Arthur,

Apologies in advance if some of my comments and/or questions seem a little harsh or if they are off the mark – they are not intended to be, just trying to help you overcome your frustration/s.

I wonder if you are coming across as a bit of a ‘tyre kicker’ when talking to agents. It is possible they sense this with your questions and/or…[Read more]

Hi WW,

What is it that you want from a financial advisor – most FAs I know and have met want to flog me a managed fund that puts money into their pocket.

Bear in mind most FAs are salespeople – even those attached to a bank and have very few qualifications and/or interest in property investment.

If you are after a Perth accountant – I use…[Read more]

And the amount is apportioned amongst all lot holders in accordance with their share of ownership.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi Moolah,

You do need to consider the tenant market in yoru area and what you will do if the new tenants ever wanted an unfurnished place.

We ‘target’ the international student market and fully furnished our place for around $8K three years ago. We didn’t get to the linen, crockery, cooking gear and cutlery stage but were prepared to do so if…[Read more]

Originally posted by JLtarra:
Although this sounds great in theory the problem we have is how is that becoming financially independent when you are always in growing debt? Looking forward to opinionated responses!

Hi Jltarra,

Steve Navra also uses a similar strategy.

As Dazzling said the key to the success of this is to have an asset base…[Read more]

Hi Loanwolf,

We use a lever arch file for each property with a section for body corporate stuff, rental stuff, loan docs, settlement papers and a misc section.

In addition we keep second lever arch file into which we place all receipts and monthly statement records. This is divided into sections with each property having it’s own setion. When…[Read more]

Hi Martin,

If it is a common driveway I would think it reasonable for all lots in the strata to share the costs and management of the common driveway.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi Ranae,

Just be careful that in your pursuit of a cashflow positive property you don’t end up buying somewhere near the ‘blackstump’

There are a whole range of factors, beyond the cashflow position, that need to equally considered when choosing your property.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched…[Read more]

Hi all,

Surrey is correct investment properties, where a rent is received, are not classified as active assets and therefore you are not able to ‘roll over’ or defer any CG.

It is ‘possible’ that doupine has confused the 12 month = 50% CGT discount rule. Not sure – just trying to shed some more light on the…[Read more]

And I would have thought that after pumping up Mr Allen’s resources for so long that the purchase of anything new would have been a foregone conclusion.

Maybe the earlier stuff isn’t as good as Jack would have us believe.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.