Might help if I post the website – http://www.findmeahome.com.au/

No1 wrote:
They have no need to revalue unless you are borrowing more money. It will make no difference to the loan as it is already mortgage insured regardless of current value.

 Correct. Use this website to get a free residex valuation on your property. It won't be as accurate as a physical val but at least you'll get an idea of what your…[Read more]

g0biin wrote:
2. I currently found 2 more cash flow properties (country) should I continue with my current successful strategy?

Hi G0b – if it's succesful so far, why not just stick with it? Are you seeing a lack of growth with these properties?

MRW wrote:
I guess I'm asking are we required to fix every issue the tenant raises? If not who decides what's valid and what isn't?

Which PM company are you using? They should know where to draw the line.

Hi MarkI hope all is well with the new place.It looks like some of the requests are reasonable and others are nitpicking.Sounds like you've got a fussy tenant on your hands. Thankfully most of the stuff seems pretty easy and quick to do. In terms of whether this is normal….I personally haven't had a tenant that's this fussy….touch w…[Read more]

No. 1. Just have one offset against your PPOR loan. 2. If you've paid off your PPOR loan, setup an offset acount against the IP loan with the highest interest rate.

Hi JliaIt sounds a bit strange. I would persist with it – keep calling around. I wouldn't be jumping on a plane to Sydney just yet – if it were to purchase an IP, yes, but for searching for a PM, I'd continue to persisit with the calling.

That was insightful Sandeep. Looking forward to your next post

The financial advisor may also not be a huge fan of property as an asset class.

Smaller, property specific factors such as allowing pets can also command a higher rental return. You'd be surprised at what the words "pets considered" can achieve.

duckster wrote:
Go to a bank or a mortgage broker and ask how much you can borrow.So you know what you can service.

Haha, oops! That might help as well.

In addition to the good comments by Ryan.You could also have a quick look through the back of one of the investment mags – API or YIP. You'll be able to quickly scan the average prices and yields for each suburb in Australia.

Benj wrote:
I don’t want to know about managed funds etc.  I just want to know the best way to structure current work arrangements (e.g. contracting using ABN’s, renting for tax benefits etc.) and how this fits into the wealth and equity creation side in property

Sounds like you need to be speaking with an accountant. Where are you located?

Catalyst wrote:
I know people who thought their properties were not performing over 5-7 years and sold them in 2000 only to miss out on 100% gain in the next 3 years.

That what be my major concern – you'd be kicking yourself if that happened.

You could try checking with the body corporate to see if a pest inspection has been carried out lately. As for the building inspection, I would organise one. Remember, the real estate agent is working for the vendor and not you – for that reason, I wouldn't rely soley on his/hers information.In any case, a building inspection on a unit should be a…[Read more]

If you feel that the property is not performing and the money could be utilised better elsewhere (either a PPOR or an IP) then I'd be tempted to sell it. Where is the property located?Could you possibly add value to the property? You might be suprised with what a few costmetic renos can acheive.Because it's an IP, you'll be up for CGT when selling…[Read more]

Hiya PJYou'd only have one offset account against one loan. That $100k would offset the balance on ONE loan. If you have a PPOR debt, it would be ideal to have the offset account attached to that loan.

Hi thereThere's been a few posts on this subject recently – here's one to get you started https://www.propertyinvesting.com/forums/community/opinionated/4330540

Your welcome. Just noticed my spelling was atrocious.Denuine = genuineMade = madIf your thinking about becoming self-employed you're unlikley to get a full-doc loan within the first year or two (assuming your business does well and you can provide evidence of income). This means you'll need a larger deposit compared to a PAYG…[Read more]

Hi newinvestorWelcome to the forum.A large $600k PPOR debt will effect your borrowing capacity in the future (as will the $24k car loan).Instead of buying something "new" – have you thought about purchasing something that you could add value to? You might find something that could do with a few cosmetic reno's that will add some equity. IMO, this…[Read more]