Hiya,

I’d suggest avoiding 1-2 bedroom properties close to Brisbane CBD for 2 reasons. Firstly you’ve suggested you like cashflow and these will be severely eaten into by strata levy / body corporate fees. Secondly because there’s about to be another 1000 apartments in Brisbane once…[Read more]

Hey mate

Well worth having a chat to @cjaysa , he knows how to get these sorta deals over the line every time

Pretty easy

– Review your current management agreement in terms of costs or notice periods to terminate.
– Notify your current PM in writing.
– Get management agreement in place with your chosen PM , in some states they’ll also do a letter of authority to allow them to deal with the existing PM.
– Have PM collect keys and documentation from…[Read more]

Just the usual stuff we all have to pay like $550 insurance, $1200 council rates, Property Management, Water, etc.

My strata just emails them to me.
I dont think there’s anywhere in the Act that specifies you must have an Australian address. Probably just a limitation in the software they use.

Heya,
I have a few that stack up in the way that you mention.
A 250k purchase renting for 400/wk, a 147k purchase renting for 250/wk.
Also a 425k development that’ll rent for 580/wk on completion.
Several others.
Most of these are in Adelaide.

Comes down to what you’re aiming for and how good you are at searching :)

Didn’t you just contradict yourself?

I quite like this way of thinking. Capital growth is definitely where the wealth comes from.

Cashflow to keep the whole train on the rails though. This is why outer suburbs of Brisbane and Adelaide are handy atm, because they have both :)

What are your actual goals/plans here? The property is in Officer which isn’t that flash yet is nearly $400k. Why not skip the OTP idea and get a real house in a city that’s actually in growth phase like Adelaide or Brisbane?

Rents must follow? They aren’t pegged together mate.

They aren’t on par with each other.

A novice economics 101 lesson for you –
Supply and demand affects the price of everything from petrol to houses to rents to milk.
House sale prices may go up and down in price due to a whole bunch of factors going on.
Rents may go up and down in price due to their own factors going on, sometimes together…[Read more]

Hi Richard,

I wouldnt mind seeing your article myself. Can you please email it to me at investor@davetraeger.com

Would only be deductible for yourself, not for the others that come along.
You also need to portion out what parts of your trip are legit

Wow this will be interesting.
I’d rather have an ongoing cost than an upfront one as stamp duty is expensive and restricts buying. This will allow me (and other investors there, not to mention cash-stricken first home buyers) to purchase more often thereby lifting Adelaide metropolitan prices up to match other Australian capitals.

I’m so glad I…[Read more]

Yes
If a property is doing well, why would you sell it?

It’s also complex for little gain. If I was to invest that much effort in finding someone who was willing to enter that arrangement, as well as understand all the legal and finance intricacies of it, I could have bought a few CF+ places by then.

Also, I think there’s one state where its…[Read more]

Most of metro adelaide is cashflow positive as are the outer suburbs of brisbane. Country towns in both Vic and NSW could present opportunities as well. I’d stick to mainland if you want some capital growth in the deal as well.

Where you located Mike? Keep in mind that the strategy you propose involves buying in the same city you are even though better deals might be available in other cities.

That’s a terrible idea and your broker should be fired

Hi Dean
I didn’t move over. I outgrew WBC’s servicability model, and started fresh with CBA (kept existing properties with WBC though).

By “adding additional properties” it sounds like you’re trying to cross collateralize, something heavily discouraged if you want to keep buying IP’s. You need to map out a way forward with your broker to avoid this.