Hi propertyboy

I think you'll find that the university has a very long lease on the whole building.  As such it is an IP venture and you would not be able to sell it to an owner occupier.

With regards to strata titling, a couple of things to check would be whether the dwellings are all too small for council to allow the titles to be split. …[Read more]

I think you should run the numbers on all the possible scenarios, and go with the one that makes you the most profit. 

Why not chat to the university admissions and housing departments to understand when course offers come out, and when students are looking for accommodation.

Definitely de-clutter.

What colour are the walls and ceiling?  If the answer is not white, then paint them.  White.

saintmick wrote:
thanks Nigel..good advice
I've been told if you buy within 10km of a major city you can't go wrong.

Sure you can.  If you bought a property within 10km of a major city that earned a low rental yield compared to the mortgage and you had to pay heaps out of your own pocket to prop the mortgage up, that would hinder your…[Read more]

Anything involving the word "Oxford", "Cambridge" or "Harvard".

HAHAHAHAHHA!!!!!!!!!!!!!!!!!!!!!!!!!  Sad thing is, Terry is correct!

Hi M.Investigator is there any particular reason you continue to post links to foreign websites when this forum is predominantly for Australian investing?  I am concerned that newcomer investors to the site might not realise that some of the advice/legislation is not relevant to Australia.

Ah Sir Richard you see I think differently.  I am a numbers person.  I won't be forfeiting the rent increase and calling that a xmas gift.  A $10 rent rise equates to about $7500k more loan serviceability ($10*52/0.07).  Spanned across 8 tenanancies that's about $60k more cashola I can borrow, just by doing the annual rent increase.  I'm not in…[Read more]

4 last year.  It'll be 8 this year.  I think about $30-$40 per tenant is appropriate.  The total cost to me this year will be less than 2 weeks rent for the lowest-cost dwelling I rent out.  A nice gesture that builds goodwill and long tenancies.  When considered in the context that my tenants last year literally helped with with a reno (I had…[Read more]

ps after your SMSF submits its first tax return, if there is tax owing you have to pay that plus the tax the ATO estimates your SMSF will owe the following year.  They call it PAYG or some such thing.  Anyway the point is be aware of it and plan for it.  I'd say softly does it in the first year of your SMSF.  Open the SMSF, get it some bank…[Read more]

Hi Troy

I have set up my own SMSF within the last 12 mths and used it to buy property.  Here are my comments:

Setup cost of SMSF was $1600.

I chose to have a corporate trustee.  You have to anyway if your SMSF has only one member.  Either way, corporate trustee is better for asset protection.  This is because if you personally get sued for…[Read more]

Hi Danny

To try and explain in simple terms, equity is:

"The difference between the current value of the property and the amount owing on its mortgage".

So let's say you bought a property for $300k, you borrowed $260k initially, but have paid some of the debt off and the mortgage debt is now $240k, and the current value of  the property is say…[Read more]

Apparently I have moved on from the "Investing Adherant" level.  Thank goodness for that!

30 properties…. that's a lot of rooflines.  It'd be a bit ordinary if all 30 of the roofs needed maintenance at once!  Pricey!

Hey DWolfe I think I need to get myself one of those iPads so that each of my posts appear 4 times.  Quadruple the points hey !

If ATMs were a profitable venture, I cannot imagine the banks would be allowing the commoners to cut their lunch.  They'd have the monopoly on ATMs. 

I'm pretty sure you are not allowed to call a room a bedroom unless it has a window to the outside world.  Presumably a skylight might be accepted as an alternative.  A quick hunt on google finds this;

http://somersoft.com/forums/showthread.php?t=52530&page=2

refer to comment number 23 which says:

"the Building Code of Australia requires…[Read more]

ps the Getting Technical forum is here;

https://www.propertyinvesting.com/forums/getting-technical