My parents have a strange situation the original real estate agent didn't collect bond and the real estate agents that took over the original real estate business didn't check if their was a bond against each rental property.So now that the tenants done damage and a runner my parents have no bond money.I reckon they should claim against the real…[Read more]

You could borrow if you have equity against the property's as a line of credit and put the money into the trust structure.

Having thought about this question well to be honest while having a call of nature and a think. I think Steve is referring to protecting your assets. If your main residence is owned by the wife and the investment properties are in your name then if you stuff up you still have the main residence as it is not in your name.If you borrowed for your…[Read more]

I have read that the management companies can be a problem.You are remote and then how do you know if they are managing the property?I have read stories of maintenance tradesmen taking payment and then doing a runner without doing any work.Not sure on the crime rates and the effect this has on your investment.High area of unemployment can be also…[Read more]

888Abundance wrote:
Hi Forever StudentGo to http://www.888abundance.com and check out the page on the property boardgame.  It's a 'business simulation' of the Australian residential property environment.  It's not monopoly and it's not an easy 'game' to play.  But my view is, if you're serious you would take time to learn the ropes before you invest th…[Read more]

If a property is over 50 years old the electrical wiring needs to be checked. As it may need replacing due to fire risk.

When the tenant trashes the house and abandons a property is there a provision for the landlord to sue the tenant via a small claims tribunal for damages to cover the out of pocket expenses incurred like loss of rent , repair costs, ect ?

Mine got evaporitiive cooling and Central heating which is tax deductible through depreciation.

If you are after games for just fun.http://rustyaxe.com/downloads//setup_Real_E$tate_Empire_demo.exehttp://arcade.reflexive.com/downloadgame.aspx?CID=20235&AID=921

Mister, My parents own an investment house in a country town that has been trashed. I am going there in January to help them repair the inside of the house. It is disheartening. You are better to increase the rent each year than be soft as that is how I got left with a house full of rubbish when one of my Tenants did a runner and the insurance…[Read more]

This may all change with the Henry tax review currently being summitted to the ATO .

Usually you can get a line of credit loan up to 80% Loan to value ratio.So 370,000 * .80 = $296,000 So subtract your mortgage balance from this figure and you get an idea of what you can probably borrow as a line of credit loan if the bank values your property at $370,000You can then use this as a deposit for your investment property loan.If you…[Read more]

This site explains ithttp://www.homeiown.com/what-under-offer-and-under-contract-means/http://www.investigateproperty.com/news/confused-misinterpreted-and-muddled-part-2/

Your kids are only young for a very sort time. I have kids too and I would love to live in a bigger house with a bigger back yard so I understand where you are coming Tambo. The main thing with property investing is time.As time progresses your property value increases but it does take time. Unless you are lucky and buy just before a property boom.

What you need to consider is are you a really good sales person.Do you have a big network of contacts and friends you can present this business opportunity to! If you push your friends too hard you can become known as that Network 21 person by your friends. And they may avoid you like the plague. Amway has come a long way since its conception and…[Read more]

I use Hire a Hubby as they are really good for those small jobs and they are francised so you will find a person fast.I had a tree branch fall on my newly replaced fence (murphy's law) and I had a quote of $600 for a tree lopper for one branch and a quote of $600 for the nailing of a fence frame back in place so I got hire a hubby to do both jobs…[Read more]

I have not done a joint venture but I am planning to get into this sort of thing down the track.The pitfalls are more to do with being prepared in case something bad does happenWith an agreement it makes a bad event not so bad as everyone knows how this will be handled.but what you need to consider !. What if one of you die how does this affect…[Read more]

If you are on welfare payments like parenting payments or family assistance owning an investment property will affect the amount you will be able to claim from these departments.

Tambo2202 wrote:
Hi everyone,

Hi Welcome to the forum,

Tambo2202 wrote:
I have been watching this forum for a while but have only just joined and had the courage to share!My husband and I are very keen to get into property investment but to be honest we are just jumping and trying out this and that without any real understanding of how to make…[Read more]

http://www.businessmall.com.au/property-investing/building-and-renovating.htmlTHis web site has books that are usefulI have not read any of the renovating books mainly the property investing books which were good.