Hi and welcome aboard.

I'm not sure how much social media will assist in your situation but here's a thread about facebook marketing that's quite recent https://www.propertyinvesting.com/forums/help-needed/4347517

Cheers

Jamie

Sorry, I don't know anyone.

Your PM might be able to provide some numbers.

Cheers

Jamie

Hi Hannah

Congrats – that's good news, and a good result!

Cheers

Jamie

Hi Rixstar

This should keep you busy for a while – https://www.propertyinvesting.com/search/site/NRAS

Cheers

Jamie

P@tty wrote:
Thanks Jamie – Can brokers still do this without applying for a pre-approval? I don't want to apply for anything yet, just work out the possible strategies/options with what I can borrow.

Also, how would i work out what i can borrow after my first purchase, so i can move forward? Is this something i can also sit down and work out…[Read more]

Hi Rusty

I'd at least get a couple of agents to provide an appraisal and talk numbers – you don't have to restrict yourself to using the agency that's linked with your PM either.

I don't think you need to provide the tenants with any reimbursement. It's a part of renting – properties sometimes sell. 

Cheers

Jamie

Hello and welcome aboard.

It sounds biased but the obvious answer is to work with a broker.

Unlike a bank, a broker will have access to dozens of lenders – and different lenders have different ways of assessing your borrowing capacity.

Most business is conducted online these days so if you're happy with using email/phone you can use any broker…[Read more]

Hi Sam

Have a chat with your accountant before making any decisions.

I agree with Wilko – the first time may be ok but if you start doing it a few times, it begins to look more commercial.

Cheers

Jamie

The biggest pain with painting is finding the time to do it. If you've got the time/patience then DIY is going to save you heaps.

Use decent painter tape for preparation and take time to prepare.

Cheers

Jamie

Your main residence is exempt from CGT.

I'm not sure how you would prove that it's your main residence if your basically flipping it. 

Cheers

Jamie

Had a forum client this week wanting to purchase a PPOR via a family trust on the advice of their fin planner due to asset protection.

Cheers

Jamie

Another vote for onsite – particularly if it's a property that is going to predominately generate interest from owner occupiers. As made man above has mentioned – emotions run sky high at auctions.

Cheers

Jamie

Well done Kevin – looks like you saved the best for last Joking

Cheers

Jamie

That's pretty much it – so their income, assets/liabilities are taken into account just as it would if they were borrowing under personal names.

Cheers

Jamie

The short answer is no – it won't improve your borrowing capacity.

Why is having a PPOR in your own names a problem?

Cheers

Jamie

Hi Doug

Not sure if it helps or not but Herron Todd White provide a monthly update that covers capital city markets and many large regional markets. In the report, they rate where they see these markets at the stage of the property cycle.

Page 45 of this report will give you an idea of what I'm taking about.

Obviously this should only be…[Read more]

Bugaloo wrote:
Thanks Derek, this is beginning to make sense to me.  I had assumed money in an offset account attached to an IP loan would only be able to be used for payments related to the IP.

Hiya

An offset account is treated differently to a redraw account.

There's no implications with moving funds into and out of an offset account -…[Read more]

NeilRobertson wrote:
Sorry for any confusion. Marketing group is probably more accurate. It would appear they charge you a fee. And take care of the rest? Are these kind of companies any good?

they came up while doing a google search. 

Made me wonder if they or companies like them are worth while. 

I haven't delved into their website and…[Read more]

Tenant quality in these areas is paramount – if the PM thinks the tenants are good, then I'd be inclined to meet their demands (which don't sound too burdensome anyway). 

Cheers

Jamie

Jpcashflow wrote:
Haha my wife and are planning to not have kids, call us selfish but at least I'm honest lol
cost of living in oz is increasing by the day
But having a PPOR loan being serviced by another source of income / assets is a great feeling g

It's not selfish at all.

Cheers

Jamie