Are you prepared to travel a lot. You may be required to go to interstate seminars. I once saw a job advertisement for real estate agents that would train me but when I spoke to them they told me about having to travel to seminars and I had a young family so it did not suit me. If I was you I would start by walking into a real estate agents…[Read more]

This is one of the most common wrong things to do to activate a tax audit of your tax affairs by the ATO as they look for this common mistake when checking tax returns.

You offer property as security against a debt. If you go bankrupt the lender takes your house.Positive is interest rate is lower than unsecured debt and over a greater time frame.Usually used when a person has lots of equity in their house and has a massive load of debt on unsecured loans like credit cards, personal loans, store card loans, loan…[Read more]

If you are thinking of doing it in the USA you need to consider who is left in the suburb/ town to rent the property as people have been laid off and left the town. Also every third house is in the same situation in the street.Do a search on UTube for abandoned towns or abandoned cities. http://www.youtube.com/watch?v=9jLYSxbsE-4

option one (modified)Say the rent was 400 per week and expenses are $2,000 a year (Rates, Water, Insurance, Ect) Then $20,000 per year -$2000 is $18,000 in probable rental income. So $340 a week in income. If you had a 20 year loan and got the balance down to $140,000 the loan would cost you nothing as the repayments and interest would equal the…[Read more]

41419155 wrote:
okay i'm in pretty much the same position as "anythings possible". i tried to get a standard loan from one of the big 4 and i kinda felt a bit ridiculed when they turned me down. now i know that i'm risky. so conventional ways of borrowing arent the way yet. so how, what shoudl i do, to find people that would be willing one to…[Read more]

Get a line of credit loan. My bank allows up to 5 line of credit accounts. What you do is you apply to the current property bank for a line of credit loan . This bank will do a valuation and multiple this by 80% and subtract the amount still owing to get the maximum you can borrow being $56,000 based on a 420,000 valuation . Once this is done you…[Read more]

My concern as I was thinking of buying around Corio is that Ford is a major employer in that area and with the downturn in the economy Ford may shed staff and thus affect the housing prices in the area. I do not think the By-Pass will have any effect as the main highway doesn't go through the main shopping area in the town of Geelong now so it…[Read more]

Murphy's Law #6You put the rent up $5 a week and the tenant abandons the property leaving two skips of rubbish behind and a broken window you didn't know about that vandals use to gain access to your property through.

It depends on what you plan to do. Is your wife planning on leaving the work force in the future? if YES then trying to claim negative gearing will be null and void for your partner that is not working if 50% of the mortgage was in her name.  If you are planning on 100% owning it and if you want to claim 100% of the interest costs against it t…[Read more]

Ring your PM and ask them to find out whether Tenants are leaving or going to go on a month by month basis for their rent.I would want to know if I was you if they are leaving on April the 7th for the purposes of advertising for a new tenant . You just advertise that it isn't available until a certain date before they have physically left. Not…[Read more]

why not ask the poster of the posting link below https://www.propertyinvesting.com/forums/property-investing/general-property/4327351if they can help you with vendor financeyou never know unless you ask.You may be able to get a low doc type loan from a non bank at a higher interest rate and then convert it later to a normal loan when the credit…[Read more]

Or download a template for excel called amortization to get a rough idea.

If you just print money then you get a situation known as hyper – inflation.step 1As goods prices increase step 2- workers want more wages because prices go up – wages go up – this leads to prices of goods going up- go back to step 1Soon you need a wheel barrow of cash to buy a loaf of bread.

You should mention the land size as this might interest buyers and most real estate adverts mention it.

High inflation does not occur. The RBA increases interest rates to slow down the economy and have a 2 to 3% target range.So if economic growth occurs the RBA starts to rise the interest rate to maintain sustainable economic growth (2 to 3%).This has the effect of making property investing more expensive.If you have say as a likely bad scenario…[Read more]

Not really a preferred bank just that Citibank as they are a multi country bank not just an aussie bank – Not sure if they can help you thoughcheck out this linkhttp://www.citibank.com.au/AUGCB/APPS/portal/loadPage.do?path=/prod/sub_cat_land/investments_foreign_currency.htm&tabId=Deposits

This has been copied for your convenience.IP Freely posted this reply to the incorrect "have posted in another area by mistake" that  you did I would suggest that you seek an independent financial advisor to assist you in your situation. You sound as if you are a conservative investor and may need a specialist to review your entire situation…[Read more]

Have a look at Australian Property Investor Magazine especially the back pages where price data is published.What you need to do is figure out how much rent a prospective property is going to earn each week. Then work out what the expenses for Council Rates, Water Rates, Insurance, Maintenance I usually as a rough guess allow $2000 a year divide…[Read more]

I once purchased a land valuation of ten years from the victorian land valuers office but that is not sales data.