Agree completely with this comment

Listen to lots of ideas from lots of people and cherry pick which ideas you like and which suit your circumstance.  Trying to comply with everyone's ideas at once is impossible and you'll get confused and do nothing at all.

Agreed Wolfey… the surefire way to not move forward is to do nothing at all

mattsta wrote:
so i guess they used them for capital gains or flips? negative geared investing tend to be really good for those who already have high incomes. Did they have high paying income jobs already?

… Or a few cashflow positive properties to prop them up and cover the shortfall…

I think the stats pages at the rear of The Australian Property Investor Magazine can tell you where to look

The golden rule of living in share housing: make sure someone else carries the burden of having their name on the bills… Not you

Hi there, you get a depreciation schedule done by a quantity surveyor (I use BMT) and give the schedule to your accountant who factors it in on your tax return

Part of your investing mission is to determine your comfort level. That is, what types/locations of property would you be comfortable investing in, and what kinds would keep you awake at night worrying about how that property would bury you if one factor changed. For instance, if there is only one employer in the town and that company moves out,…[Read more]

I would be a very busy unemployed millionaire….

I might ponder making it my business to spend my time seeing if I could get into the Olympics.  Maybe the swimming.  I wouldn't be into early morning training though.  Noooo.  My training would be not before 11am.

If you don't use gypsum, your soil will remain a nightmare.  Get the gypsum, and plenty of it.  This will dictate what kind of plants will succeed… or whether you'll just end up with the only type of plant that will thrive…. Jurassic Park style weeds

Terryw wrote:
Just grab a law textbook on property. eg. Peter Butts Land Law – which has a whole chapter on adverse possession.

Done any camping in your time Terry? 

Hi Belinda,

Are you happy to mention where you are located?  That way people nearby you can respond.

Hi there,

Because you are in the west and have made mention of mud, I'm going to assume you are dealing with clay soil.  If so, it really would be a good idea to get some gypsum (it's white powdery stuff you dig and rake into the soil… makes it easier to work with).  I'd then leave that to work its way in for a few days and then do the top soil…[Read more]

From some of the comments in this thread it sounds like the account originally was held in the name of the owner and they called to have it switched to the tenant (perhaps by means of adding them as an extra onto the account), as opposed to opening a new and separate account???  Not sure if this is what occurred and if so if it makes a difference…[Read more]

Muz1983 wrote:

I am trying to work out how to open a discussion in the forum?  I have some questions etc. but I'm not sure how to get it started…
 

Hiya, go to the main page for the relevant forum (eg https://www.propertyinvesting.com/forums/help-needed) and click on the orange "Post New Forum Topic" button at the top of the page.  Hope…[Read more]

Derek wrote:
Hi Santh,

Good pick up – the new website must have bumped the thread and then Jac ran with it and we all followed

oops!!

Great stuff.  Keep us posted as to what's happening.  It's a good knowledge-sharing exercise.  I'm sure someone else will come up against such an issue in the future!

I'll admit to being pretty tired today so I'm probably missing the obvious, but looking at the link it is not obvious to me what the core issue is that you are referring to.  Are you referring to the recent backflip whereby now apparently backyards are an important part of the Australian landscape and thus subdivisions less favourable?

Welcome!  Ask lots of questions and read lots!

Great post Christian !