Hi Tiggar,

Welcome!  Hope you find us a friendly bunch and that we help you out with your issue.

I'm not sure I've understood correctly – could you clarify?  Are you saying you bought  rental, and that it's been without tenants for 3 years because you have been renovating it the whole time?

The title says who owns the place, regardless of whether there is a mortgage on it.  It lists the name(s) and address(es) of the owner.  The title document will also mention the name of any bank that has a mortgage over it.    This means you cannot suddenly sell the property and go on a spending spree with the proceeds without first repaying the…[Read more]

Hahahahahha !!!!  Bless you boys for creating an excellent chuckle to kick off the weekend

Yes JP your point about the centrelink payments is true. And it is a disappointing and upsetting fact. 

These forums are great because one way or another you will learn.  And generally people are inspiring folks here because they have dared to entertain the possibility that just sitting carefully at a day job until you are 65 years old and not doing anything other than just pay off your own house… just might be a disastrous plan, so perhaps it is…[Read more]

Think about internal migration.  In other words, circumstances that cause people already residing here in Australia to relocate to another part of Australia. Perhaps just half an hour down the road.

Some of the reasons people might do this are:
– They are retiring and want to move to somewhere "nice" (segment 1)
– Their family unit is starting or…[Read more]

Brendon, you sound like you've given your mind a pretty good workout and are aware of more property investing concepts than the standard newbie.  Spoiled for choice can be a paralysing thing.  What if you don't buy the absolute best investment on the planet?  Wouldn't it be awful if you only managed to nail the second best?

You get the idea.  At…[Read more]

Agreed DWolfe, $200k in 5 years from now will not buy what it can buy today.  Let's say that today a chocolate bar costs one dollar.  You can buy two hundred thousand of them today.  Five years from now that chocolate bar will cost $1.50.  As such your $200k will only buy 133,333 chocolate bars.  And so on and so forth.  You CANNOT save your way…[Read more]

Ah Brendon now you've meet our Freckle

To clarify, your SMSF cannot borrow to renovate…. from anywhere.  A SMSF can renovate if it has enough spare money in the SMSF bank account to do the renovation without borrowing.  Alternatively you could donate your own money into the SMSF to do the reno but then you cannot take it back out because that would be a loan, and a SMSF is not…[Read more]

Hi Brendon

If you have started eyeing off rural areas, you need to decide just how rural you are prepared to go.  You need to work out if you could hold onto the mortgage in the event of a vacancy, and how long it would take you to offload the property to a buyer if you had to.  You need to understand the demand for rentals in the area.

It would…[Read more]

The value of things is quite often related to "perception" or "confidence".  This is why you can put shiny new taps in a place and nobody notices they are not the expensive brand, yet it improves the value of the place.  It's also why the value of the British Pound crashed the day one very foolish then-Prime-Minister Gordon Brown got in the media…[Read more]

It was in 2012, not 2013

You always want to know you can offload a property if you need to.  Life circumstance can change.  You could be diagnosed with an illness that requires expensive surgery for instance.

Several of the forum's brokers have commented so far… why not get in touch with one of them and talk specifics. 

Moderators… should we move this thread to the Overseas Deals forum?

Sorry Prime… Aussie laws are different to UK laws.

Hi Alex

You don't need your team to be in Perth… you just need them to be amazing at what they do.  You will deal with them via phone and email anyway.

Terryw is the userid of the gun property lawyer on these forums.  Look him up  

https://www.propertyinvesting.com/user/terryw

Cheers!

Just to be clear… you can have some properties inside super and some outside, all at the same time.  Similarly, nothing wrong with having some non-property investments both inside and outside super, at the same time.  Your SMSF could have some property and also some other investments if you want.

Ask lots of a opinions from lots of people. …[Read more]

Funny you should say that Nigel, I am getting bored of the 3 bedder house market in some suburbs, it's a nuisance competing with all those emotional home buyers.