Hiya – there's facebook page that broadcasts the next meeting dates here.

Cheers

Jamie

6.68% is really high.

Depending on the loan amount, sub 6% on a variable rate should be possible at present.

What's the loan amount and value of each property?

If the combined loan amount is greater than $250k and the LVR's aren't in LMI territory than you can certainly improve on rate.

But as always – it's not all about rate and the sub 6%…[Read more]

…and move all cars out of close proximity.

I received a quote a few months back for an IP in Canberra – it was almost $6k for re-pointing, fixing a few tiles and a few coats of paint. That was after a discount if I displayed one of their signs on the front yard.

I'm sure there's cheaper options out there – but I guess it will depend on the…[Read more]

Be careful about paying off your PPOR debt as quickly as possible.

I see way too many clients who aim to achieve this – and then decide that they want to covert their PPOR into an IP but have paid down a massive chunk of their mortgage.

So what's wrong with this? In short, when their current property turns into an IP, the loan against this…[Read more]

Hi Mark

There's a number of Property Investment Analysis programs that provide a fairly comprehensive overview.

We've got a free spreadsheet on our website that may be useful.

Cheers

Jamie

It makes a difference. My sister in law recently sold her house privately. She staged it with some borrowed items from friends and family – once everything was in place, it looked amazing….and they ended up selling the property for about $25k more than they had expected.

Even the valuer was impressed with the look.

Cheers

Jamie

It's an interesting article. I remember CBA putting out a similar report a few years back.

Interesting to see that only one Canberra suburb made the cut – and it's not a cheap suburb to buy into.

Cheers

Jamie

Yes – that ad in Belgium is amazing. I remember it doing the rounds last year.

Alright – time to get work done!

Cheers

Jamie

Do you have to put in a new kitchen? Can you reface the existing with new doors, handles – maybe a new sink and splashback? It all depends on the state of the existing kitchen but if this option is available, you could get away with spending a lot less money.

Cheers

Jamie

Give it a shot – you have nothing to lose.

Cheers

Jamie

How small is the town? Does the agent with the listing have quite a few of the listings in the town?

My immediate thought was "you have nothing to lose"  – but with small towns, there may only be a handful of agents so you don't want to jeopardise your creditability and come across as a tire kicker.

What's the vendors motivation for…[Read more]

Hi Newjo

Not sure if it helps but I wrote this easy to understand article on loan structure recently for one of the investment mags.

Cheers

Jamie

As been mentioned above, that number of hits isn't a big deal – particularly at an 80% LVR.

There's something else going on here.

Cheers

Jamie

Hiya

A decent mortgage broker will listen to your goals and advise on the right lending structure for your situation. When it comes to structure – it's about selecting the right lenders at the right time, avoiding crossing your securities, using lenders that allow you to access future equity without too much hassle…these are just a few…[Read more]

Hi Daz

Do yourself a favour and contact Richard Taylor above – you'll be in good hands.

Cheers

Jamie

davidts wrote:

I recently had the property valued and it came in at $500K. Now I have equity in it and I am thinking of taking the equity out to purchase maybe 1 or 2 very cheap IP, assuming I can borrow upto 90%.

Hiya – depends on the lender but 90% is possible.

davidts wrote:
My question is, if I am forever leveraging off my IP to…[Read more]

Hi Tanh

Welcome aboard.

I think you need to take a step back and invest more time in educating yourself about property investing before jumping in.

Do some reading – there's heaps of good books out there as well as free resources like this forum.

After a few weeks you'll probably be able to answer your own questions.

Cheers

Jamie

Hi Smartcube

I can't comment on the area but thought I'd comment on the tax bracket issue.

I wouldn't buy a property in an effort to lower your tax bill – it's a flawed concept. It means you need to lose $1 to get back 40 cents.

While the tax benefits associated with property investing are handy – they should be (in my opinion) viewed as a…[Read more]

Hi Pat

Welcome aboard.

I can't recommend a good financial advisor in Perth. Do you mean mortgage broker rather than a financial advisor? An advisor is likely to steer you away from property. A decent broker will work to your goals and structure your finances accordingly. Ideally, you want to use a broker that specialises in investment property…[Read more]

demetrius wrote:
You are right buddy that real estate is a good business to invest and get profitable return on the investment but I have heard that experts predicted about the real estate market and according to them real estate market is in recession and it will boom again after spring 2012 so people should avoid investing in real estate until…[Read more]