SteveMcKnight wrote:
Okay okay… I've seen the post and will put it on the wish list!

Nice CheersJamie

Anything written by Steve.Margaret Lomas – 20 must ask questionsJan Somers -building wealth through residential investment propertyDolf De Roos – Can't remember the name of the bookMichael Yardney – all books are generally goodCheersJamie

Hi Tugger

Shoot me an email and I’ll send you mine.

Cheers

Jamie

Hi StephenI haven't heard of them.If you're looking to invest – ask them whether they're investors themselves and understand how to structure finances accordingly.If you're after the face to face experience with a local mortgage broker I'd be happy to recommend one in Melbourne.CheersJamie

Hi StephenOne of the best books I've read that actually relates to selecting an IP was Margaret Lomas' 20 must ask questions. I like the strategy she uses and the book is helpful for those starting out. For $20 it's a pretty decent investment – prob could get it cheaper of ebay.Here's some IP related websites that may also be of assistance -…[Read more]

hbbehrendorff wrote:
Now don't confuse tailored advice concerning your profession with advice on investing before you answer my question

Sure – that's where there's been a misunderstanding. If the person organising the finance was also trying to spruik a property I'd be running for the hills.CheersJamie

Ashley C wrote:
No way!  A good compliance history may help you plead your case but it will not stop them going through you like a dose of the salts.The consequences of having poor records can be catastrophic.  Maintaining your records is a dull but essential job.

I totally agree. Why take the risk of not having accurate records? For those t…[Read more]

hbbehrendorff wrote:
Dont take advise from ppl who gain from you making a purchase, such as brojers, real estate agents, magazines extra.

Hi hbbehrendorffCan you elaborate please? When I started out, my mortgage broker at the time was one of the best resources I had. I'm now in a position were I'm frequently providing advice to investors -…[Read more]

laying plans wrote:
Hey Guys Thanks for the replies. Initially we are looking to purchase our PPOR and from that gain some equity through minor renovation to obtain a investment property and then another and another and so forth.

Hi Stephen and KatrinaWelcome to the forum.I like this idea. You'll receive the FHOG and potentially concessionary…[Read more]

Hi KatsudonWelcome to the forum.With the $100k unit – the high rent seems nice but make sure you scope out the body corp fees and factor in all the other costs associated with owning the property such as rates, maintenance, insurance, property managements fees, etc.The build and sell option can sound appealing but have you factored in CGT in your…[Read more]

Chris89 wrote:
Thanks Jamie, I have actually had a look at your FB page and the website. Very informative information. Thanks for your help again!!  I liked your FB for you a couple of days ago as well. Congrats your the place you have just renovated, I had a look at the pics and it looks great!Chris

Thanks for the kind words Chris – I…[Read more]

Hi ChrisI don't want to sound like a spruiker but our Facebook page has interesting IP info added daily which you might found useful – http://www.facebook.com/PassGoHerron Todd White's month in review is free and is excellent http://www.htw.com.au/Newsletter/CheersJamie

Hi JamesIf you do a search for Dysart you should find plenty of previous posts that might be helpful.CheersJamie

Scott No Mates wrote:
An agent cannot act on your behalf unless you have signed a leasing or management agreement either exclusive or open. That may be why they haven't done much to date – do you have the paperwork?

I agree with Scott – there should already be some formal agreement in place, it would be a silly move on behalf of the agent if…[Read more]

Wiwin wrote:
Don't really understand how they ( the ones who have many IP ) managed so many IP without any default… 

Because they're probably not buying IPs that cost a lot to hold – ie. they're not highly negatively geared. CheersJamie

Hi CheesemongerIt's hard to comment without knowing the full details but what your broker is suggesting sounds about right.You would have two loan splits against your current property – the first would be your existing loan (which should be changed to IO as this will become an investment down the track) and a second loan which will act as your…[Read more]

You can pick up cheap, high yielding stock in Wagga – particularly in some of the areas where the ex dept. of housing stock is being sold off at auctions. Some of the properties would experience a decent equity gain from some basic renos. You'd have to check them out in person though as the quality is going to be quite variable.CheersJamie

JacM wrote:
$200 is ridiculous.

I agree – that sounds ridiculous. If you were changing tenants than yes – but the fact that it's business as usual with your current tenants, I can't see how they can justify that cost. I would be asking questions.CheersJamie

Hi bythebayCheck out the suburb profile here – http://www.rs.realestate.com.au/cgi-bin/rsearch?a=spThere's also heaps of property related links that may help on our website – http://www.passgo.com.au/property-data-websitesCheersJamie

Ossi89 wrote:
One more thing I am trying to get my head around is exactly how using equity in one ip as the deposit for another ip works..

Here's a basic example – http://www.passgo.com.au/blog/25-the-project/67-how-to-use-the-equity-in-your-home-to-purchase-an-investment-propertyCheersJamie