Hello Jamie MExcellent !Looking at this report, depreciation claims certainly make a huge difference help service the loan.Thanks again mate.Leo

thanks for the clarification xdrew.

Thanks JacM

Thanks guys…appreciated your feedback.

Historically, property double in value every 10 years. Alternatively, a book I've just finished reading by Chris Gray – the Effortless Empire – you could hold on to your IP for 10 yrs since it will double in value, sell it after 10 years, then pay your home mortgate hence you are debt free therefore you cut the time it takes to pay your home…[Read more]

Hello Matt B,Thanks mate. I couldn't agree more with you…..fall in love with the figures!I know how time consuming doing your due diligence when looking for the right IP.With this tool, I can see its advatanges (e.g., saves you an enormous time).ExcellentLeo

Hi Matt BHow reliable is that website for research?Do you use it yourself in research in IP? If yes, did it paid the dividend for you finding the property of your choosing?I would like to know cause I"m very keen to use for my self but I want to make sure i'm now buying lemon of research material.Thanks, Leo

Hi Wattoette Due Diligence will mitigate your risk! Get a qualified building / pest inspector to access the quality of the property to make sure it is not falling apart. The report will determine if there are any major issues with the property and if there are any structural damage (e.g. termites etc). PCF mostly can be found in regional areas…[Read more]

Hi Jose,After your reno is done, get a qualified quantity surveyor to prepare schedule of depreciation. This report gives the precise idea of how much you clam of depreciation from ATO and relevant for CGT.Cheers Leo

Go to http://www.residex.com.au and get your self either a one off or annual subscription of IP report for all suburb in Vic include Australia. Such reputable report gives you historical CG of areas you wanting to target including suburbs that are experiencing good growth at present. But, of course you have to do tons of research before you spend your…[Read more]

The key to RENO is "Perceive" value hence give it the "Wow" factor because people buy with their emotion but don't over capitalise on it….stick to your budget.Get some 3 quotes from three difference trade people (e.g., electrician or plumber etc) then use the cheapest quote. Also, purchase your own material so you can save money because often…[Read more]

Put in your tenant hat on and what would think if you are a tenant, what would be a convenient way to have separate show room and toilet particular in busy morning? I assume there is an exhaust fan installed in the unit? Think about also, if you combine the two, if you live in the unit, and you have some visitors wanting to use your toilet…[Read more]

Just a couple of questions on this " letter of offer", if I may:Is it necessary to put below in the "Subject To" clause? I'm sure this is part of your research prior to making an offer?    * Subject to my due diligence with local council within 7 daysWhat does the below entails?    *Subject to my satisfactory survey report within 7 day…

Trippsy25Everyone has his own opinion and I agree on most of them if not all.If you hear from some that there is a booming town or area and the rental yield is excellent blah..blah..blah.  The first thingh I would do is conduct an immediate RESEARCH /DUE DILIGENCE of that particular area or town. Find out WHY that town is getting attractive for…[Read more]

Hello DenThanks for your detailed response.I have a similar excel worksheet. If I want to quantify only the rental income and its outgoing regarding a potential IP, is it necessary to include the other costs (e.g. stamp duty etc). For instance, if i want to know how much an IP negatively geared.BTW, how much do you charge for mentoring a newbie in…[Read more]

Time value of money is important. If you invest that money to buy another property in high CG area, rather than paying of your debt, you could use the increased in equity in the future for another deposit of IP. Equity trapped in your Principle Place of Residence is lazy money, a money you can invest in come producing asset. If you invest in area…[Read more]

Hello All,The problem is circumstances change hence it affects the structure your portfolio (e.g. negatively geared to positive cash flow).I think Den Voss has hit the nail in the head. Naturally, IP does change as time evolved. In 2011, I'll buy my first IP in good CG area so it helps me to fund my next IP purchase in the future through increased…[Read more]

Likewise Michael…that's great, checking out the LGA's is part my research too.Thanks Jamie M. Getting your hands dirty is one of the best tool to learn quickly. That too is part of my due dilligence.Happy New Year All!

Hey Karlm,That site produces reliable stats data. You can either purchase the below or annual subscription  – under the products heading, the residex report. I also use magazine such as "your investment property" which uses http://www.rpdata.com.au as source relating CG suburbs and vacancy rate etc.Single Issue:     $90 …[Read more]

thanks Michael. If you don't mine asking you… you got 4 or more properties which put in 5% of savvy IP investor ?