PropertyInvesting.com | jjaaus | Activity

jjaaus replied to the topic Recent Property Prices in the forum Help Needed!

Tue, 24 Jan 2006 15:15:37 +0000

http://www.realestate.com.au do a burb guide it is good for reviewing medium income levels and age groups for prospective rental investments, also indicates what % of the population are renting or own and what type of families ie families with kids or singles etc all good info for determining if a potential property may attract tenants easier….

Good…[Read more]

jjaaus replied to the topic Dropping property manager in the forum General Property

Tue, 24 Jan 2006 15:03:35 +0000

I hardly ever speak to mine, they direct debit their rent into my account if they are late I sms them, if they need something they sms or call me. I think if you play by the book then all is ok to manage direct. At the end of their term the lease goes up at least CPI.

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me…[Read more]

jjaaus replied to the topic furniture issues in the forum Help Needed!

Tue, 24 Jan 2006 14:27:17 +0000

Could the PM take a digital photo to give you an idea of the condition? Is the “chair” all that is holding up the property being tenanted????

Just out of interest what % to you pay the PM?

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Is the online shop safe? in the forum Site Problems / Feedback

Tue, 24 Jan 2006 14:10:19 +0000

hey tom – pretty harsh reply man…?

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Is the online shop safe? in the forum Site Problems / Feedback

Tue, 24 Jan 2006 14:08:15 +0000

I have never had a problem and the stuff arrives in just days not weeks which is great [cap]

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic <50M2 Rule on Lending in the forum Finance

Tue, 24 Jan 2006 13:49:00 +0000

I use NAB and they are ok with >40m2

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Dropping property manager in the forum General Property

Mon, 23 Jan 2006 10:25:19 +0000

Hi TD,

I have 5 properties that I self manage, I use an agent to perform a let only and find a tenant when needed (cost = 1 weeks rent + gst) and then they hand the tenant over to me. I have had no problems….touch wood (reaching for wooden table…knock knock)

I would drop the PM and take on the tenant direct.

Cheers

Jeff Aquilina

Need…[Read more]

jjaaus replied to the topic What type of vehicle do you have ?? in the forum No Subject

Mon, 23 Jan 2006 10:00:51 +0000

Hi Dazzling,

I have a 2000 Lexus LS400 stunning V8 just love it. It is shinny black and beige leather. A real delight to drive.

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Property in Mackay/Airlie beach in the forum General Property

Mon, 23 Jan 2006 09:47:46 +0000

Hi bwp,

I live in Airlie Beach – the market here has increased 20% per year for the past 5 years it has gone mad..!! Sorry to say but you may have missed the boat. You will buy very little for $200-$300k in Airlie Beach, you may find something in Cannon Vale which is the next suburb from AIrlie. You will buy nothing on the islands for less…[Read more]

jjaaus replied to the topic need account and solicitor based in Brisbane in the forum No Subject

Wed, 18 Jan 2006 12:32:34 +0000

Hi HoBe,

I have two excellent contacts for you, I have used both for many years they are VERY good.

Accountant
John Radridge – Tax Assist
Phone : 07 3252 4546

Solicitor
Denise Maxwell – Denise Maxwell Solicitors
Phone : 07 3892 4329

Let them both know I referred you

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me…[Read more]

jjaaus replied to the topic Shed anxiety... in the forum Help Needed!

Sun, 15 Jan 2006 04:54:06 +0000

A minor one but have you side aside funds to market the sheds?

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Yve in Melbourne in the forum General Property

Sun, 15 Jan 2006 03:36:12 +0000

Artist impressions look impressive but then again that’s what there designed to do.

There is no substance to the website i.e. no info on the project just pretty pictures [glum]

I was under the impression the Melbourne apartment market was over saturated??

Appears to be a good location

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com…[Read more]

jjaaus replied to the topic Can anyone help out? in the forum Help Needed!

Sun, 15 Jan 2006 03:17:54 +0000

Hi sweet,

You may need to be more specific ie where are you looking to buy, what are you looking to buy, how much do you wish to spend, what is the purpose of investing, do you have a deposit, are you in steady employment etc

Good ambition can be spoiled with lack of planning…

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com…[Read more]

jjaaus replied to the topic Advise/Opinion on Investing in Serviced Apartments in the forum Help Needed!

Sun, 15 Jan 2006 03:02:00 +0000

Hi Aukssie,

Have spent the last 3 years managing a serviced apartment hotel I have spen to many investors in the complex, most unhappy.

Be careful with the rental return, it may flucuate with the condition of the hotel industry.

Your investment has high volume “tenants / guests” so you will need to sink money in sooner to refurbish – check what…[Read more]

jjaaus replied to the topic Devine a rip off? in the forum Help Needed!

Sun, 15 Jan 2006 02:53:39 +0000

martinc…..there is a catch..!! you have to take finance with their lender and it is 1-2% higher pending your financial position, than what you can acheive at your local bank. They tend to give money away easier than a bank to lure you into purchasing and their house and land packages are typically more costly than other builders. They also…[Read more]

jjaaus replied to the topic Any Advice anyone?? in the forum Help Needed!

Sat, 14 Jan 2006 14:56:04 +0000

Some possibilities in Dubbo

Try http://www.realestate.com.au Property No. 102839410

Price $80k
Rent $7,800 pa
Loan $64k
Repayments (interest only) $4,446
Rates $1,300
Balance approx $2,054
% return on investment 12.84%

Does not take into consideration closing costs and rental vacancies. Also need to secure the property at $80k not the $85 they are…[Read more]

jjaaus replied to the topic Placing an Offer in the forum No Subject

Sat, 14 Jan 2006 14:20:28 +0000

have a friend or relative make the offer..??

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Using equity to purchase property's in the forum Finance

Sat, 14 Jan 2006 14:06:52 +0000

if you have enough equity then LMI is not required, u also have more to claim as costs ie higher interest due to 100% + costs

if the deal is cash flow + then all it good

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Using equity to purchase property's in the forum Finance

Sat, 14 Jan 2006 13:48:22 +0000

Hi Darren,

Sorry still don’t follow [hmm] maybe one of the more senior forum ppl could advise.

From what I can see you have $150k in equity. Have you taken into consideration the potential rent that can be used to improve your sercice ability position?

I would suggest you dont use the $90k loan it sounds like a redraw of equity loan, just…[Read more]

jjaaus replied to the topic Using equity to purchase property's in the forum Finance

Sat, 14 Jan 2006 13:25:04 +0000

Hi Darren,

I am a little lost with your questions..??

If your current property is worth $300k and you owe $200k then your equity is $100k. If you are looking to purchase another property worth $200k then you need $40k as a deposit. You would then borrow the full amount for your new purchase $200k, the bank uses your equity as security over…[Read more]

jjaaus replied to the topic Any Advice anyone?? in the forum No Subject

Sat, 14 Jan 2006 12:05:00 +0000

Another way to build equity beechmachine is to purchase a property that you intend to live in and obtain the govt 1st home owners grant. Try and buy a 3 or 4 bedroom home/unit in the best location you can afford be sure it is close to schools/shops/transport etc. Then rent the other bedrooms to friends or place an add in the paper or…[Read more]

jjaaus replied to the topic value adding/higher return in the forum No Subject

Sat, 14 Jan 2006 11:46:10 +0000

well done benderfile good diversity and outside the square thinking good luck cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Cash flow positive in the forum Help Needed!

Sat, 14 Jan 2006 11:40:43 +0000

if you take an interest only load the repayments are apprx 3753pa

insurance seem high at $1000 on $50k investment – does this include landlord protection? If so you dont need to budget for vacancy..??

Try and rent direct and save agent fees..??

based on loan 3753 + rates 1200 + insurance 250 = 5203pa rent at 6760 pa = CP $1557

if you had 20%…[Read more]

jjaaus replied to the topic house market state - up down sideways? in the forum No Subject

Sat, 14 Jan 2006 11:29:21 +0000

HI Benderfile

You want to check through the forums over the past few days, the question about the state of the market has been a topic in various forms several times.

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Any Advice anyone?? in the forum Help Needed!

Sat, 14 Jan 2006 09:40:27 +0000

hi beechmachine,

Great to see your starting young.

Do you have any specific questions that we could assist with?

Where are you located? Do you have any properties in mind?

These forums are a good way to learn. Have you read both Steve’s books? They are a good source of information.

Cheers

Jeff Aquilina

Need a holiday?…[Read more]

jjaaus replied to the topic Rent to Purchase Formula in the forum Creative Investing

Sat, 14 Jan 2006 08:35:22 +0000

I like the “Worst house in the best street” line and have used it time and time again.

I bought my first property just 4 years ago in a inner city Brisbane suburb, a 2 bedroom unit for just $67k. It was a tired unit in an ordinary block but had good access to transport, shops, schools etc. A lick of paint and the odd TLC job here and tere soon…[Read more]

jjaaus replied to the topic Price of raw land. in the forum Help Needed!

Sat, 14 Jan 2006 08:05:35 +0000

[confused2] sorry I am lost – could you explain in greater detail

cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Help Pls in the forum Help Needed!

Sat, 14 Jan 2006 08:01:10 +0000

Hi Austin,

I would suggest you use a solicitor – mine charges $450 and I know everything is covered. Money well spent. At the end of the process you get a “congratulations” phone call.

In regards to insurance, I use AAMI they have been good to me. I use them for building, home contents, car, and landlord protection. It’s a one stop shop for…[Read more]

jjaaus replied to the topic should I sell or keep? in the forum Help Needed!

Sat, 14 Jan 2006 07:54:22 +0000

Hi Vanessa,

4 months..!! That is a VERY long time.

I am anxious when 4 days have past on a vacant property. I would take the offer. The potential tenant appears committed, allow them to make it their “home” and also I like the idea of rewarding tenants.

Some income is better than no income and it would appear you have little opportunity to…[Read more]

jjaaus replied to the topic Borrow triple for block of 4 units? Or a house? in the forum No Subject

Sat, 14 Jan 2006 07:46:36 +0000

Sal,

Quick calculations

Units (4) $600k vs $600 pw rental, return 5.2% gross
Units (3) $600k vs $450 pw rental, return 3.9% (you live in 1)
House $250k vs $180 pw rental, return 3.7% gross
House $250k vs $290 pw rental, return 6.0% gross

On the numbers if you can find a property for $250k and obtain $290 pw rental income this would be your best…[Read more]

jjaaus replied to the topic value adding/higher return in the forum Help Needed!

Sat, 14 Jan 2006 07:35:47 +0000

is there demand for rental of the garages?

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Forum Reorganisation in the forum Forum Reorganisation

Sat, 14 Jan 2006 07:28:53 +0000

Agree with PurpleKiss would be good to have the particpant only forums on a seperate page..??

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Which area will boom next? in the forum Help Needed!

Sat, 14 Jan 2006 07:20:34 +0000

keen to look at a QLD list if there are any QLD investors interested.

cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

jjaaus replied to the topic Postive geared property. in the forum Help Needed!

Sat, 14 Jan 2006 07:10:43 +0000

Hi Herks,

They are out there…just harder and harder to find.

I have started looking at commercial property, it appears you can obtain better returns in the right area’s this way.

Don’t always have to research for residential

Good luck

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT…[Read more]

jjaaus replied to the topic Young Club?? in the forum Heads Up!

Sat, 14 Jan 2006 06:59:12 +0000

Hi Matt,

Tend to agree that 30 may limit your audience……

I am 31 [tongue] and would love to come along to your meetings……you could possibly hold a meeting in MEL SYD and BNE so people would not have to travel so far, airfares are cheap between these cities, perhaps invite a hotel to sponsor you, they could offer you FREE boardroom in…[Read more]

jjaaus replied to the topic Stainless Steel Splashbacks? in the forum Value Adding

Thu, 12 Jan 2006 20:10:05 +0000

Yes I installed a splash back in my kitchen, I went to a sheet metal place as kitchen places will cost you the earth. It was about the same cost as tiles. Be careful what sort of stainless you get, some of the cheaper ones don’t hide finger prints that well and your forever wiping it down. Look for a sheet metal supplier and ask them if they…[Read more]

jjaaus replied to the topic Anyone recently invested in South Australia? in the forum Value Adding

Thu, 12 Jan 2006 05:25:33 +0000

Hi,

I recently bought a property in Adelaide, a very old place on the Esplanade in Henley Beach. The good thing about Henley Beach is you can still get in a a reasonable price, have ocean front property that is becoming less and less available, I hope to develop the site one day. West Beach which is the next beach south of Henley Beach is even…[Read more]

jjaaus replied to the topic building positive Cash flow property in the forum Help Needed!

Tue, 10 Jan 2006 09:54:01 +0000

Hi Matt…..go for it, if you can buy and build and achieve positive cash flow from day one then it is a winner. Make sure you do all your homework though on building costs, like renovating they can blow out….keep in mind repayments will need to be made while the property is being constructed, under most circumstances you make periodic payments…[Read more]

jjaaus replied to the topic which bank in the forum No Subject

Tue, 10 Jan 2006 02:47:18 +0000

Hi guys thanks for the replies. As I stated “some” brokers do not have the best interest of their client at heart.

True story : my first broker suggested I use the first home owners grant to “get me over the line” even though he knew I was buying as an investment, he suggested I place the utilities in my name and not lodge the bond with the QLD…[Read more]

jjaaus replied to the topic Investing in Gold and shares or Bricks and water? in the forum No Subject

Mon, 09 Jan 2006 17:12:42 +0000

I found the stock market to be much like poker machines, fun for a while, win some loose some, but as I was not an educated trader I focused my investing on property.

You have to decide what you would like to achieve and what time from you expect to achieve your goals. The stock market may suit your investing goals..??

If not property…[Read more]

jjaaus replied to the topic the market cycle in the forum No Subject

Mon, 09 Jan 2006 17:03:19 +0000

Always looking looking looking, if the right property comes along and the numbers stack up, I would proceed. Utilise the current slump to negotiate a lower price.

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email gm@coralsearesort.com

jjaaus replied to the topic Refinance Enquiry - Credit Checks in the forum No Subject

Mon, 09 Jan 2006 16:54:19 +0000

Hi there,

RUN as fast as you can to a broker or your local bank…you are paying to much. I have about 1.2m tied up with the NAB at 6.47% fixrd for 3 years.

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email gm@coralsearesort.com

jjaaus replied to the topic which bank in the forum Finance

Mon, 09 Jan 2006 16:50:31 +0000

Hi Rye,

I know I am going to ruffle some feathers here but just be careful with mortgage brokers, some and I stress some ie not all can be like used car sales men, a little pushy and some are not always looking out for your best interest, some focus on the best % return a particular bank is offering them as commission. I found my first and 2nd…[Read more]

jjaaus replied to the topic HOW TO PAY UNIT OFF IN 5 YEARS? in the forum Help Needed!

Sun, 08 Jan 2006 14:55:35 +0000

A way of earning more income is to rent the 2nd or 3rd bedroom if that is possible. I have always had my flatmates pay my mortgage for me.

I would suggest you repay as much as possible, possibly get a second job if your extra keen (keep in mind extra tax you pay on a 2nd job sometimes it is not worthwhile). In 5 years you will have a great deal…[Read more]