Hi Mark and Carloyn

Welcome to the forum.

I personally haven’t heard of the company. Do you know how they are paid for their services?

Consolidating debt can be very useful – however, it’s difficult to comment on your situation based on the info above (and I wouldn’t expect you to splash that sort of info around on a public forum).

There have…[Read more]

Catalyst wrote:
I also have a goal sheet with my projected position so I know where I'm going. .

Yep, same. It’s good to keep track on how things are progressing. It’s also fun to play around with future growth figures…..maybe I could retire 5 years earlier if CG over the next 10 years was x amount……

Hi Airstrike

Sorry to hear about your situation and thanks for sharing your experience. Was the property professionally managed at the time?

Hi DHCP

I’ll let you know in about a month! What I’m most concerned about is the attachment my wife and I have with our current PPOR. It’s going to be a very weird feeling handing the keys over to tenants (and they better keep the place in good condition!)

Hi Billnbec

Welcome to the forum and best of luck on your investing journey.

It certainly sounds like you’ve got some equity to work with – which is a good first step. Next step is working out whether you can source finance based on your current financial situation. It might be worthwhile having a chat with an investment orientated broker.

All…[Read more]

fWord wrote:
YIKES! Maggots coming through the carpet? Sounds like something out of a horror movie.

That’s what I was thinking! Call a pest inspector tomorrow and explain the situation. Ask them what the possible causes could be and what the best course of action is.

I have a large plastic folder for each IP. All docs are filed as they come in. I also update a spreadsheet monthly with income/expenses – it makes life a lot easier at tax time, especially for my accountant.

I’ve used corpred for a few properties and I’ve been happy so far. I can’t comment on the other option (ie. having a QS visit the property because I’ve never actually gone down this path.

Hi guru

Welcome aboard – prob best to post this in the overseas deals section.

Cheers

Jamie

Hi Dwolfe

Looks like you’re going to be busy this year! I’m keeping life nice and simple this year. Moving into a new PPOR, carrying out a pretty major reno and possibly purchasing another IP – probably in Canberra or in Googong, NSW if they pull their finger out and start developing.

Also looking forward to a trip to the Cook Islands next month

xdrew wrote:
or the annual beerathon

Haha, which town is hosting that this year? Scrap the investment, sounds like a great place to live!

Corie wrote:
Hi marq001Yeah Margaret walks the walk and talks the talk. Her book – "20 must ask questions" is the bible when it comes to finding the right place to invest.One thing to mention is that if you dont have foxtel you can purchase episodes of her show "Property Success" from her website for a small fee. In each episode she does a town…[Read more]

Agree with Scott. If there’s a history of pest issues than regular inspections would be imperative. The same would apply if the units were located in an area that frequently experiences such issues.

Personally I’d aim for no less than 10,000 – I’d also suss out ABS/council stats to determine whether the population is growing. I’d also want to see more than one main industry within the town.

Hi Johann

It’s a very broad question. There’s so many markets within the country that are all doing different things at present. Some areas are rising in price, some are going backwards and others are going sideways. Check out the Herron Todd White month in review – http://www.htw.com.au/Month_in_Review/Month-In-Review-February-2011.pdf It’s a…[Read more]

wblack wrote:
Finally….today we took the plunge and signed up to our first investment property! Thanks to everyone for their feedback on this discussion and other discussions we've posted, and for the forum overall…..the advice has been invaluable just to get us this far…

Congrats and all the best! It’s always good to see people acting…[Read more]

Totally agree with Dwolfe, spend a few dollars on her books and see if her investing style suits you. I personally think she’s pretty good – I’ve enjoyed all the books I’ve read and I also check out the foxtel show each week. I think it’s on a Sunday arvo. She also has some clips on youtube that you could check out.

Cheers

Jamie

I don’t think there’s a right or wrong answer and it can be dependent on your own situation. For instance, we’re about to move into a place that we’ll commence renovating straight away. We’re going to paint the entire place first – then start renos on the main room (so we can move our bed/furniture in) then the lounge/living areas and we’ll chip…[Read more]

Hi again Frank

Check out this website – first paragraph. Hopefully that helps -http://brokers.adelaidebank.com.au/public/home_loans_ss.html

Cheers

Jamie

Off the top of my head, try Adelaide Bank Frank.

Cheers

Jamie