duckster replied to the topic With prices so high, I need ideas as to what I can invest in for under $160K in the forum You need to decide the 17 years, 10 months ago
You need to decide the following choices if you want to have a loan with you repaying the whole cost ie owning a block of land without any rental incomeif you want to buy a unit and have strata title and body corporate but receive…[Read more]
duckster replied to the topic New To Property Investing in the forum Help Needed! 17 years, 10 months ago
Peter Spann books are found at http://www.peterspann.com.au/books.htmlOther books of interesthttp://www.businessmall.com.au/store/listCategoriesAndProducts.shop?idCategory=9check…[Read more]
duckster replied to the topic New to Investing in the forum Help Needed! 17 years, 10 months ago
hang back ! Finish the degree as Aus-Study will be affected if you claim negative gearing as the income loss is deemed as income by centrelink. Check with Centre-Link first. You have no guarantee that you will gain employment when you graduate.
duckster replied to the topic Can someone please give me ideas whether and how I can overcome these 2 obstacles to start with property investment in Melbourne in the forum Help Needed! 17 years, 10 months ago
You may have to lower the standard of the type of job you are looking for as I have a degree and am the same age and now work in a newsagents part time just to get a job history of some sort for my next employer in the future. I am also learning how to drive a truck at the moment so I can increase my chances of getting a driving job. Basically I…[Read more]
duckster replied to the topic Finance from overseas? in the forum Help Needed! 17 years, 10 months ago
Lenders usually want property secured against the loan to be in the country the loan is in. ( try checking with Citibank )This means you could in theory borrow money in say the USA if the property is secured in the USA and then pay for a property in another country if you had enough equity. Then the money needs to be converted to Aussie dollars…[Read more]
duckster replied to the topic Keeping it real?? in the forum General Property 17 years, 10 months ago
You have to be careful predicting what is going to happen to the property market as that sort of information is considered to be financial advice which can only be given if you are a licensed financial…[Read more]
duckster replied to the topic Investing and Property Clubs in the forum Help Needed! 17 years, 10 months ago
yeslook at this posthttps://www.propertyinvesting.com/forums/property-investing/general-property/4323895?highlight=meetingnot sure when meeting will be for april you may need to contact troynbec
duckster replied to the topic 18 Year old, seeking some answers and/or opinons in the forum Help Needed! 17 years, 10 months ago
1. People just cannot afford to borrow money for houses if they start hitting 600K per average home50K from Melbourne . Cranbourne price is http://www.realestate.com.au/cgi-bin/rsearch?a=s&cu=fn-rea&s=vic&ss=&ag=&t=res&snf=rbs&chk=0&lead=&ty=&tb=+CRANBOURNE%2C+&u=CRANBOURNE&is=1&pm=150000&px=200000&pme=150000&pxe=200000&cat=&o=def$170k to 250kyou…[Read more]
duckster replied to the topic What Mailing List Software Are You Using in the forum General Property 17 years, 10 months ago
I have used a internet based service rather than software.www.aweber.com $180 a year. Works with a web site to capture email addresses.Stores 10,000 email addresses
duckster replied to the topic Question about starting a “property empire” ? in the forum Help Needed! 17 years, 10 months ago
llc's are only available in America. A trust is a Legal entity see http://www.investorbuddy.com.au/financial-planning-and-tax/family-trusts-an-explanationNow a trust can be controlled by a person or by a company. A company is also a legal entity but has directors.These directors provide a guarantee to the lender that they as Directors will pay the…[Read more]
duckster replied to the topic Are you allowed to repay some principle on an IO loan? in the forum Check with the lender or 17 years, 11 months ago
Check with the lender or mortgage broker you used to see if you can pay off any of the principle amount or is there a restriction on the amount per year you can pay off the principle.
duckster replied to the topic do i still need to offer a deposit??? in the forum General Property 17 years, 11 months ago
you may be able to offer a deposit bond from a bank.
duckster replied to the topic Deferring mortgage payment for a month in the forum Help Needed! 17 years, 11 months ago
You may have to drop the rent $20 a week that you are asking for this is what I had to do as I had 3 months of vacancy.
duckster replied to the topic why shop around for good variable interest rates? Could they not change anyway? in the forum Finance 17 years, 11 months ago
You need to also look at the total cost of the loan. What fees are you going to pay . What features does the Loan have. Offset account, repayment allowed ?, Line of Credit available ?, Credit Cards ? , ATM access, Bank branches, Ect.
duckster replied to the topic bad tenant or bad property manager? in the forum Help Needed! 17 years, 11 months ago
One major problem you have is that you are remote from the location of your property. You may need to consider getting these things fixed directly by contacting a service company and asking them to liase through the property manager for site access with the Tenant. Companies like Service Central – see http://www.servicecentral.com.au/ or possibly…[Read more]
duckster replied to the topic bad tenant or bad property manager? in the forum Help Needed! 17 years, 11 months ago
It is fair for a tenant to expect the range hood to be working and the garage to have working power. I am under the impression that the property manager did not notify to you immediately to the tenant's reasonable request. When a tenant does not see any form of repair or action they get annoyed and frustrated and resort to not paying the rent. I…[Read more]
duckster replied to the topic electrical apprenticeship in the forum Todays Age has a subject 17 years, 11 months ago
Todays Age has a subject related picture on the back page Wednesday 12/3/2008 on how not to safely work on Delhi power lines.
duckster replied to the topic Selling portfolio Taking profit and waiting for better days! in the forum General Property 17 years, 11 months ago
I am not licensed to give financial advice but what some investors do when they have a large portfolio in properties is to sell a couple of their properties that have large capital gains and low debt and pay out the capital gains tax and selling expenses.With what amount is left over they reduce their outstanding investment mortgages. This has…[Read more]
duckster replied to the topic Quick LOC limit question in the forum You can be limited by the 17 years, 11 months ago
You can be limited by the level of income you earn as to how much you can borrow. This is happening to me with my LOC
duckster replied to the topic Impact of 90,000 land opening up in VIC in the forum General Property 17 years, 11 months ago
Also on the same front page of the paper was Water Restrictions to Stay for 3 years. So no water will be available for the 90,000 houses. I didn't read anything about public transport like a train line being provided or a additional power station to power these 90,000 houses. So it will be a less desirable location to live.
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