Hi GuysYeh been racking my brain how to find it. Privacy law resticts the address and contact details. I tired facebook and linked in. The house doesnt have a back on it so its abandant and the lawn in 1 meter high I couldnt find and sold details which makes me think it was purchased along time ago.Thought about asking the neighbors but that w…[Read more]

I asked this question a little while ago and didnt get much of a response. Scott no mates is right to do it properly and make a profit you really have to add allot of value and buy in good locations (wealthy areas). For example. Buy a runned down two bedder renovate so its a 4 bedroom home with a study and off street parking. So adding value by…[Read more]

Hi jacm
Use the value to purchase more ?

Hi Jamie MYes Capital growth has not been to bad actually. But to relise this value I need to sell and I dont really want to sell at this stage.Hi TonyI had a look on RE.com at some property for Gladstone. Maybe I am looking in the wrong area. Do you have a link of a property to start me off.Cheers

Actually try this one.Rosemary Saaib.Centrury219634 1111she works on the north side, but I believe she would have a good contacts in the area you are after. Good luck !

Hi JliaI dont know of anyone in that area. But I would suggest you make a trip to Liverpool and go hunting for PM. By this I mean actually go and visit all the RE agents in the area and see what best rate and fees that they offer. While talking to them you should get an idea of the ones that are good and the ones that dont want your business.Good luck.

Worst idea ever unless you can pay the money back in 55 days before the interest kicks in.Never spend a cent on a liability if you can help it.I borrowed put $6gs on my credit card to buy a car only because I knew I could pay it off in the 55days. I needed the vehical to generate income. And $6G was was $4G more than I wanted to spend 98 model.A…[Read more]

Hi JamieThanks for that. I understand what an offset account is and know how to use the search functionality in the website.What's the benefit of an offset as opposed to paying the loan down. The interest you save on the offset account would be the same if you pay it directly on the loan and you can just redraw the money when needed from the…[Read more]

Hi guys, just out of interest why are people advising not to pay off the loan but use an offset account ?

Yes very good points Scott No for sure.However I was thinking of what other imporvements I could make to get that rent higher than the $230 a week.I am a pretty quick painter and figure it would be about a weeks work or less.You also have to take into account these things.A) Freshly painted would make it easier to rent out now and in the future W…[Read more]

Hi JoI asked a simular question to this about a month ago and recieved no feedback. I would also like to do the same thing. Maybe we can put our heads together and work out if its worth doing.G

Did you actually ask a question? When I read your post it just sounded to me like you were telling everyone what you were doing. I didnt actually notice a question in there.

Hi Jess7% is pretty good rate actually.I use a PM and actually I think they are worth it. 7.5% I pay.My advice to you would be spend $600 bucks and do a real estate certificate of registration coarse. Its a 3 day coarse and qualifies you to manage and sell real estate. This will give you some incite into what PMs actually do and also will prepare…[Read more]

Ryans correct.I was also going to buy in Moree. I had some relos there and they said WTF would you do that for. I said to make money from the rent.They said exactly what Ryan said 'PS. Moree has also been declining in population over the last 5 years….something to be aware of.'The reason for this is there was allot of cotton farms out that way…[Read more]

Oh great good advice. Thanks for your help here guys.I have not put the rent up for about 3 years since I brought the property. Also I have not had any of my flats vacant. I think after about 10 years I had one month when there was no tenant. So I dont think it would be an issue of not finding another person to rent the flat and actually with the…[Read more]