I'm sure Terryw will be around shortly to give you a good description of the two.CheersJamie

Deal Maker wrote:
Hello Sam, If you looking at Queensland you might want to consider the Logan area (Woodridge, Kingston, Logan Central, Marsden, Crestmead and Slacks Creek etc.). You can pick up properties if you buy well around the $210,000 mark that will rent out for $310 to 320 per week. Kind regards, Jason Moore & Sherry Ortiz

Hi…[Read more]

new2invest wrote:
Thank You all. Loan has now been Split. Got depreciation report done as well and came at 14700. Loan structured to claim 100%. Tax Variation form 2011-2012 all completed waiting to be lodged after settlement.

It's great to hear it all worked out for you. All the best in the future.CheersJamie

Might be worth while getting in touch with Michael above to help you out.CheersJamie

Hi NathalieWelcome to the forum.Places like this are a good start. It's a great free resource.As mentioned above, there's a couple of IP related magazines you can pick up (Australian Property Investor and Your Investment Property) as well as a number of books (some of which can be picked up in your local library) -…[Read more]

Hi LegendDo you plan on moving back into this property?Do you have any other debt? Car loan, personal loan, etc?CheersJamie

John_Thomas wrote:
I'm new here. I just want to answer the question, I'm not buying "yet" because I'm really trying to look at properties, and basically looking for a reliable agent/company who will help me and will answer all my questions. I already have some properties and I've been talking to some people, but you know, this is a major…[Read more]

Shape wrote:

Qlds007 wrote:
Yes Michael dont you love the Bank West Pre-approvals.We approve your loan conditional upon you submitting a new application and all supporting documentation and we going through it with a fine tooth comb and seeing if there is any reason why we cant decline it.Luv those lenders.CheersYours in Finance

God bless…[Read more]

Maybe some people are just shy I think there's probably more lurkers than posters. I often have clients come through this forum who have been visiting it for years but have never signed up and posted.CheersJamie

Shape wrote:
Your broker might want to give AMP a call Regards Michael

Yep, AMP are great when the old serviceability wall is in site. If the deal is sub 80% then they'll take 100% of the rental income. Also, they don't load other lenders loans when assessing serviceability (others might assess the loans you hold with other financial…[Read more]

Hi JohkIf you're talking about vendor finance then Paul Dobson who posts on here is your man.CheersJamie

Another important variable is employment history – particularly if the deal falls within LMI territory.CheersJamie

Good advice from the guys above. Are you moving into another job? If so, is it in the same field and will there be a probationary period?CheersJamie

wisepearl wrote:
something which has been suggested a few times in recent property magazines (API and YPI) for young couples wanting to get started and without a current PPOR is to buy a house in need of renovation, and move in. Buy with the view to renovate and sell or convert to IP, but move in, claim FHOG, and over the timeframe of 6-12…[Read more]

Hi SkyeThe single biggest issue we (wife and I) found with PMs was a lack of communication (with all parties – us and tenant). We had one PM who took 3 weeks to find a tenant for a property which hasn't been vacant for one day since we started self managing. I think a lot of it has to do with communication. We return calls/emails straight away and…[Read more]

The property is in Calwell.We painted the house a light grey and we painted the front retaining walls, down pipes, door, etc a darker blue. Once I tidy up the landscaping and add a second coat I'll post some before/after pictures.I don't think I'll pick up a paint brush for another week though CheersJamie

Angel 13 wrote:
Hey, I'm Angel from Canberra. Looking forward to hanging out with people who share my passion.Catch you all soon.

Always good to see another Canberran on the forum. Welcome aboard CheersJamie

Angel 13 wrote:
P.S. Jamie, I found this forum through the link on your website. Thanks heaps!

No worries at all.I'm feeling your pain in regards to the painting! I just spent a good 12 hours today painting the house. I'm thinking it's off to bed early tonight.CheersJamie

veseli wrote:
Any thoughts on this…

My thoughts are that it's morally wrong. You have to draw the line somewhere. Even if there is a loophole in the law – profiting from this situation is (in my opinion) not right.CheersJamie

johk wrote:
Hi, I am only trying to figure out how much it would cost me per month to hold a property. The numbers ie the IP value and then proposed rent are from a property on RE.com that was for sale.No we are not looking at buying a property now but merely trying to learn how  to calculate the holding cost of the IP.I would appreciate any c…[Read more]