Andrew_A wrote:
It's my experience that the threat of vacancy and bad tenants is sometimes given too much weight by investors and this is perhaps one factor in why DHA properties can attract a premium price. Hedge your risk with good insurance, property management and good buying and you have no need for rental guarantees or any other hand…[Read more]

I don’t have a whole lot to add (everything’s been covered) but just wanted to mention that if it’s any consolation – I also bang my head against the wall dealing with the same bank (I have a few loans with them). Just switching an offset from one loan to another became quite a feat the other day.

You’re not doing too bad for yourself – you’ve…[Read more]

I thought we’d get more interest! I see that my original post has been reported to a mod….wonder if that’s a good thing or a bad thing.

Cheers

Jamie

wade anthony wrote:
 – if I use the equity is it taken as a paper value ie. it comes off the next loan, or is the first loan then refinanced to current value of the PPOR then taken away from the new loan? At current loan rate it would be +ve with rent but if refinanced it would became -ve. Other words no use to me.

Ideally you’d setup a second…[Read more]

Hi Haydos

Welcome to the forum.

Your logic makes sense and I personally feel, in general, that now is a great time to buy (major markets accross the country are either flat or in decline). This might scare people off but I see it as an opportunity.

Once you have that first investment under your belt, you would probably be better served not…[Read more]

Economics hey….. Gregory Mankiw’s books were always on the agenda during my time at uni. For recommended reading on property investing there’s a sticky thread on the forum somewhere….I had a quick look but couldn’t find it. It’s there somewhere though.

Cheers

Jamie

Hi initiatechange

Welcome to the forum.

Your first option is a little confusing – buying a larger house and keeping it as an investment isn’t possible. You either live in it as a principle place of residency or rent it out as an investment property….or am I missing something?

Cheers

Jamie

You shouldn’t need building (but wouldn’t hurt to check). Landlords insurance is always a must. ING and Real are also pretty good and allow for self managing (if you opt for this).

Cheers

Jamie

Hi rib

You should organise a valuation on your Melb property now – regardless of whether you sell it in a year or keep it. It would be ideal to have a registered valuer carry it out (perhaps google for one in the local area).

I’m not an accountant but you can only claim one property as your principle place of residency at any one time.…[Read more]

Totally agree with Jacm and fword, the issues you’re concerned about are mitigated by utilizing a good property manager and taking out landlord insurance. For what it’s worth, the body corporates I deal with for two of my properties are more of an expensive hinderance than anything else – I honestly can’t see what they do in exchange for the…[Read more]

Hi Japansuki

There’s a few older posts on Dubbo which may still be relevant today – if you do a search they’ll come up.

As for other regionals, I like Wagga. Has been a consistent performer over the years, a lot of the ex govt stock is being sold of at auctions to private investors who are doing them up and attracting a better quality tenant,…[Read more]

Hi EZ

Yep, it should be. If you’ve never lived in it than I can’t see why not. Great timing as well – end of financial year is just around the corner

Also, look into getting a depreciation schedule prepared. I know you were thinking about knocking the place down (so may think it’s not worth it) but you’d be surprised at how much you can claim…[Read more]

Hi Alex

Have you exchanged contracts yet? If so, and if it’s an IP, then it shouldn’t matter a great deal if there being tardy in their response. A longer settlement just means a longer time before you start making those repayments. If they don’t end up settling – you’d have to be compensated.

Cheers

Jamie

Hi Springchicken

Welcome to the forum

Your questions tie in to a similar thread recently – check out the responses to this post (hopefully it will help you with your search) – https://www.propertyinvesting.com/forums/property-investing/creative-investing/4336394

Cheers

Jamie

Scott No Mates wrote:
Sit, wait & go back with the same (or lower offer in 3 weeks if it is still sitting there). The first couple of weeks generate the most buyer interest, then it dwindles and the agent has to work on the vendor to drop his pants oooops price.

Totally agree.

If anything, at least you’ve gained some experience with…[Read more]

Hi Bacchu

$345k for a 1 beddie apartment in 2005 (I’m assuming in either Belconnen or Woden) sounds a bit rich. You can pick up comparable off the plan properties for around that price today.

I wouldn’t say it’s a case of no growth in the area (because other Canberra investors have done well over this period) – I think you may have just paid a…[Read more]

Hi Parraboy

Welcome to the forum.

I agree with Terry, those numbers aren’t overly spectacular. Do you suspect that the Medowie property has growth potential? Is there anything to suggest that the area will increase in value? Is there something that you can do cosmetically to the property to improve its value?

I’m generally a buy and hold type…[Read more]

Solicitors, like any profession, vary in quality. Sounds like you’re dealing with some inefficient ones (or indecisive vendors).

Has your solicitor mentioned why they haven’t responded? Ask him/her to hound them again.

Cheers

Jamie

Qlds007 wrote:
At this rate wont get my head out of the sunroof in this wonderful Qld sun.

Rub it in! We’re expecting snow

energy4anarchy – thanks, I’ve responded to your email.

Cheers

Jamie

Wow – I need to get myself a JacM!

Totally agree though – Richard will sort it out.

In this day and age it really doesn’t matter where the client and broker are located.

Cheers

Jamie