Hi Salocker,

I would also add ‘splitting off’ the investment loans and making them interest only is to your advantage from both a financial and accounting point of view.

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

HI Det,

There are a couple of points that I would make here.

Firstly – you haven’t told us what it is you want to achieve and as such giving comments about now or later is a little flawed.

If haven’t already done so. you need to work out what it is you want to achieve, what you timeframe is, what your current cashflow is, are there any…[Read more]

Hi Crest,

See below an extract from the Act

5. Application of Act
(1) Subject to this section and sections 6 and 7, this Act applies to any residential tenancy agreement entered into, renewed, extended, assigned or otherwise transferred after the commencement of this Act.
(2) This Act does not apply to any residential tenancy agreement…[Read more]

Hi all,

One isse that doesn’t seem to have been raised yet is that the Australian property market is not a single entity.

There are different states, different cities, different towns/shires and finally individual properties can and do perform differently to the broader market. They are not all at the same place at the same time as different…[Read more]

Hi Martin and Vanessa,

Finding a property that meets the ’11 sec’ rule is only one aspect to property investment.

The property and location also need to stack up in terms of long and short term viability and sustainability.

Consensus seems to be that properties meeting the 11 sec solution are harder to find as ‘off the list’ purchases. There…[Read more]

Hi Cloudancer,

To fix or not is a dilemma often contemplated by investors. If you need to peace of mind and security of knowing what your repayments will be for the next three years then by all means fix your loan.

Yes you will need to consider break costs if this applies however three years is a reasonably short time investment time…[Read more]

Hi Russ,

Try this thread

https://www.propertyinvesting.com/forum/topic/16494.html

Also bear in mind the bank is required to ensure they secure ‘fair’ (however that is defined) market price for a property.

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

Hi Salocker,

I am not an accountant nor am I familiar with the ‘ins and outs’ of trusts or SMSF but……..from my understanding you will/may run into issues on two accounts.

The ATO is very atuned to individuals who live in their ‘trust owned property’ – I understand this is more of an issue when the family home is bought by the trust and you…[Read more]

Hi Bonnie,

Well……….I’ll be buggered. You learn something new everyday – you are right as someone involved in the sale of said property you are outside the Act.

I suugest a call to the tenants advisory service of WA. See what they can tell you.

http://www.taswa.org/

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

Originally posted by JackHu:

10 You can try to find out some ways to raise your rent.

Errrr – that was the essence of the question.

In addition to Terry’s comments I would add have you competed a 15.15 to assist with your pay period cashflow?
Is the property at maximum rent?
Can you throw in an airconditioner or similar to increase the weekly…[Read more]

Go to the next page of the manual you are reading and using as reference for all the jumbled, unrelated, inaccurate answers you are giving.

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

Originally posted by Rhett:
just looking to make a couple of quick profits to get into a better position.

Is this achievable in today’s market?

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

Originally posted by belindac:
If you decide to hold the property for a longer period of time than refinance and pay down your principal.

There is no need to refinance – just make bigger repayments when your budget and goals suit.

But for the keys to the advantages of I/O loans read Terry’s comments. Jump onto a web based loans calculator and…[Read more]

Give RMG a try.

They are based in Subiaco 93809533 http://www.rmgaccounting.com.au

Do a search for other recommendations.

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

Hi Pad,

What does your agreement say about authorisation of repairs? This will direct your course of action.

As an aside be mindful of the nature of the repairs, the tenant and also your desire to maintain a property in tip top condition for your tenant. You also need to consider these ‘costs’ in the context of the bigger picture – certainly…[Read more]

Hi Kel,

Buy and hold is a strategy that has (and does) work well for people who research and purchase well. There is many an ‘expert’ who uses this approach very successfully and combines with a negative geared strategy – so don’t go slashing your wrists because you read something that questions your investments.

By all means analyse the…[Read more]

Hi Maria,

We have purchased all of our properties sight unseen. Obviously there is a need to still do your checks and balances – this process just takes a slightly different tack when you are buying unseen.

Equally, of course, there are those who need to see every property they buy.

It does come down to a matter of personal choice and whether…[Read more]

Builders also require a series of drawdown payments. These vary in value and frequency but would be spelt out in your contract.

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

Hi Soum,

If you are buying the land separately you enter into a sale contract and settle on the land first. Later, when you find a builder, you enter into a contract with your chosen builder.

If on the other hand you a buying a house and land package you could well sign the ‘lot’ on the one occasion. Nonetheless, depending on the contract, it is…[Read more]

Originally posted by darrynp:
i have thought a little about the bird dog arrangement, and thought that something like this would be perfect to keep the ball rolling and giving me some good experience, as i am only 19, so still very very inexperienced.

Hi Darryn,

So you want to be a bird dog as a means of getting the ‘ball rolling’ – if this is…[Read more]