a) Whether your first porperty was a PPOR or an IP,

Investment property

b) What made you think about buying a first property

Somers’ book, plus my father had a passion for RE as did my grandfather

c)When you found the one you bought, why do that one suit?

It wea the cheapest me and my ex could find

d) Was the first purchase emotive or done…[Read more]

Karl and Rita

Something i think of when i’m looking at yields… I’m happy with 6% innercity capital city; 8% regional; and 10% country.

It’s a different way of looking at things. It’s like a standard inversion of how I see rental yield and it’s relation to potential capital growth.

This is for me in 2004- not in the boom days. If I bought…[Read more]

There isn’t a space on this forum to advertise to sell your property, nthqld. There is a forum on somersoft.com called “caveat emptor” where you can advertise your property.

kay henry

Gatsby,

Check out rentcover.com.au as an initial look as to what LPI covers. The website covers what their pamphlet covers. I haven’t got LPI at the moment- when I did need it, I didn’t have it ) Then of course I got it, and didn’t need it anymore- hehe. I look at my IP’s and at the moment, I consider them fairly “low risk” in terms of my…[Read more]

sis, you asked about loss of rent. You need Landlord Protection Insurance to cover loss of rent, malicious damage, fire and theft. If you haven’t got it thus far for your 12 IP’s, then you might need to move some money around and pay the 4k for it.

kay henry

Pisces,

You asked “surely one doesn’t need a partner to buy a house?” I think it depends- on so many things, but mostly on the incomes of the individuals. Two incomes of 25k is 50k. Two incomes of 50k is 100k. How can that not make a difference? My issue would be portability and independence/autonomy. I did own two IP’s with my ex. And then we…[Read more]

Jacktar,

I had a check of an API- an example of CB’s property is a 289k 4-bed house around cairns for $350 rent. From my reading of this, that’s a 6% return. So they are using depreciation allowance to make it become CF+. Thr houses are new and gorgeous looking, and may not be a bad price, but I wish these companies would say they have “yields of…[Read more]

Well thanks Derek. I did think that was the case. The Forum must have gone a little high tekker than I thought if we could check who’s been checking our profiles.

kay henry

Marc said:

“He inspects a house “live” and debates among other things the need for re-paining a wall becuase the tenenat put a nail to hang a picture on it. His exit phrase from the place was “See you at the tribunal!”

So much for a tenant having an entitlement of “quiet enjoyment” at their premises…

He sounds like a right tosser to me. As an…[Read more]

Looks like MA has created his own little Republic [king]

hehe. Oh well, if yer happy, MA… People mostly won’t be looking in one thread to find answers, though, MA.

kay henry

Marc,

Just because your PM’s company “lives” at the Tribunal, doesn’t mean he’s a good PM. Perdonally, I would see it as more of a reference if the PM has NEVER been to the Tribunal, rahter than one who lives there. Prevention is better than cure.

I don’t haggle with PM’s about their prices they charge, just like I don’t haggle with my…[Read more]

Well done elves!! Look forward to meeting up soon and discussing all your $$$ squillions )

kay henry

excellent, bronwyn!! Well, you’ve come to the right place to share your experiences about it :o)

And welcome to the Forum!

kay henry

sis, yes, i understand the shares example- I got Jamie McIntyre’s video too- and i watched it, just like you did. That example was from his video.

It’s just that you bought all those properties, and if you’re saying the following:

“…the money goes in one deal, and then comes out again, but at the same time, so does the profit, move on to the…[Read more]

spider,

As a renter, I wish I could tell you how I am buying my PPOR, but I am not doing it, and don’t even think about getting a PPOR. Fortunately,pretty much everyone I know and work with, is a renter- with or without IP’s. The old “great aussie dream” thing doesn’t really exist in my world, so I find it easier and easier to move away from the…[Read more]

sis, in practical terms, does this mean that, for example, you sold some of the 12 IP’s that you bought in 2003 and 2004, and then reinvest the money? “moving money around” sounds all good, but what does it actually mean in practise? If I said the easiest and safest way to make money (as per title) is to “move it around”, I think people might want…[Read more]

ezy

Yes, I’m glad you didn’t raise the rent on the pensioner- they only et 200 bucks a week, and it must be hard to spread that around. Good on you for doing the right thing

I have to say exy, that a rise from 85k to 600k is quite substantial! Did you buy this place a long time ago? If it is 600k for a bit of land in country nsw, with a…[Read more]

ezy,

SELL SELL SELL! hehe. If I was you, i’d flog it off. The drought has to break eventually, and if the place is so close to the river, it might be under it soon (when the flood breaks, the IP will fall…) despite there being no flood in 100 years of history (which does not determine the future, but might be an indicator [cigar] If your place…[Read more]

No website?? [cigar][eh][guilty][hmm]

In these days of techies, it is so much better if people have a website. Their lack of a website is probably not only bad for business, but also makes them look a tad unprofessional.

kay henry

wow- lots of purchasing power here :o))

1HotValuer- can I ask… in purchasing 10 more CF+ properties in australia… is that dependent upon income? I never really got my head around how people could have an average income (presuming a valuer gets around an average <100k income), and still buy 10 properties. Will they be wraps? How do you finance…[Read more]