I live on a street with a retirement home at the start of it – it's similar to the one you've mentioned, a quiet tree lined street. We don't have an issue with traffic and the external part of the development is always nicely maintained. 

Check out the street during a weekend as well – suss out if there's going to be an issue with…[Read more]

James from House of Wealth is in Melbourne – not sure how far away from Frankston he is but I'm sure the short trip will be worth it.

Cheers

Jamie

I would only use the PM for delivering the message – I wouldn't tell them that their selling division would get the listing if it goes on the market.

It's a good point though Tim – perhaps it's something that could be mentioned to the tenants to sweeten the deal.

Cheers

Jamie

The cheeky thing about WBC is that their SVR starts at a higher base than the rest of the others – so a 1% discount with WBC is more like a 0.9% discount everywhere else.

Cheers

Jamie

Hi Kerinne

Welcome aboard.

Andrew Allen is a great BA up in Brisbane. We've shared many happy mutual clients – http://www.allenrealestate.com.au/

Cheers

Jamie

Hi Nardz

Welcome aboard

Long story short – IO on all loans with an offset against the PPOR can be a great structure.

If you're bad with money, then P&I on the PPOR with IO against all IPs might be better.

P&I on all properties is rarely a good structure.

I wrote an article on this – I've pasted it below.

Cheers

Jamie

A question we’re…[Read more]

Hiya

Richard Taylor is up in Brisbane  – QLD007 on the forum.

Cheers

Jamie

Agree with the others – while the PM should be proactive, the landlord still needs to be clued up on what their property is currently being rented for.

Like Joe said – an $80 increase is massive.

Cheers

Jamie

Could you ask the PM to let them know that you're considering selling and would like to offer them the opportunity to purchase it – and if they'd like to discuss, the PM can pass on your contact details.

Cheers

Jamie

wilko1 wrote:

couple quick rules to remember if you self calculating is even though they are the exact ones used.
You still have to remember that banks will add 2% buffer to any new debt you wish to add. So when working out if you can afford it work on 2% interest higher then standard (ie 7.5% instead of 5.5% even if your loan will be for…[Read more]

No worries.

Sounds like you only need a short term bond.

To qualify for it, you'll need to be able to show them that you've got a loan approval in place.

Cheers

Jamie

Hi Waz

The number of properties someone has doesn't necessarily correlate with their level of expertise. It might also be something that they don't like to publicly announce.

I'd call a couple and start off with an informal chat about their service offering and experience and go from there.

Cheers

Jamie

Hi Wilko

Do you get updated calculators as banks change policy/serviceability criteria? This happens quite frequently.

Cheers

Jamie

What Scott said.

The data that's pulled from desktop reports doesn't take into account certain factors – including renovated properties and additional dwellings on the title.

The only way you're going to get an accurate valuation is via a full  inspection.

Cheers

Jamie

Hi Kara

Do you need a short term or long term bond?

If you need an idea of how much they cost – here's a calculator https://www.depositpower.com.au/publics/guaranteeQuote.aspx

Cheers

Jamie

Is there supposed to be a question here?

Cheers

Jamie

Kara47 wrote:
I've been looking into them as well, read that if for some reason you can't settle on the property, you lose your deposit. Does this only apply if the Buyer can't settle, or if the owner can't? I'd be really annoyed if I bought, the owner breached the contract of sale in some way & settlement wasn't achieved.
Also, can you pay back…[Read more]

Hi Christine

Scope out ebay – you'll find heaps of goodies on there. Sometimes you'll find a collection of IP books that an investor is trying to off load.

Cheers

Jamie

Hi and welcome aboard.

Personally, I don't have an issue with negatively geared investment properties providing the capital growth over the long term makes up for the loss – or they can be utilised in a way that adds value (reno, develop, etc).  

The yield you're looking at isn't overly impressive – but do you think it's going to go up in value…[Read more]

Have fun – sounds a bit more exotic than my south coast getaway!

Cheers

Jamie