[Kylie WalshParticipant@kylieppiJoin Date: 2014Post Count: 23]

November 5, 2014 - 11:11 am

Have you thought about putting a financial plan in place to work out what is the best strategy for you. Unfortunately most people don’t get advice and then find out they could have done it a better way. By getting advice you will know the right structure, what deposits you should be putting in, what your cash flow will be and the right area for the best capital growth. Investing is all about making money but where you want to live is a personal choice.

Also if you do want to purchase a PPR and investment at the same time then I would suggest using a good mortgage broker who will use 2 different banks so the properties are not cross-collateralized.

Kylie Walsh | PPI Investment Advice
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November 4, 2014 - 11:50 am

I had one of my properties unrented for 5 weeks with other units also in the building unrented for a longer period so I thought of a different strategy. I hired furniture for the unit from a company who specialise in this when selling properties. They took new photos with the modern furniture and advertised an open house on the Saturday. I had 3 applications to choose from all at once! Yes it did cost me but at the same time it saved me in the long run. Good luck!

Kylie Walsh | PPI Investment Advice
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November 3, 2014 - 11:43 am

Have you thought about splitting the title which could then keep it under resi lending which you could stage?

Kylie Walsh | PPI Investment Advice
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November 3, 2014 - 11:35 am

Hi Kevin

Budgeting is the most important part of getting started with investing. Our incomes coming in are consistent but usually our spending habits are not consistent especially when it comes to every day living. You need to establish a budgeting plan, put it in place and then monitor this for a period to see what is a “true” affordable amount for you to invest.

It is important to establish a good relationship with your advisers as these are the people you will surround yourself with and put trust in. Whilst it is great to meet them face to face, you can also get a feel for them over skype as to whether they would be the right fit for what you want to achieve. Also, just don’t jump in. Do your research on them and what they say as there are some great sales people out there who promote themselves as advisers.

Kylie Walsh | PPI Investment Advice
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September 29, 2014 - 5:06 pm

Great suggestion about approaching the hospital. A friend of mine approach the local real estate in Darwin and asked them what was needed. They advised there was a shortage of disabled accommodation so he bought a house within walking distance of the hospital, raised it and built in underneath as disabled accommodation. The hospital took a 5 year lease on the house with the carers living upstairs and patients living downstairs. Perfect resolution for all!

Kylie Walsh | PPI Investment Advice
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September 29, 2014 - 4:22 pm

Hi Isabel

The biggest risk in investing is time!

If you wanted to do something locally, you could engage the services of a project manager and your husband could help out on the carpentry side of things on his time off to help reduce your costs. The question is though, is your local area the right area to invest? Is this the best suburb to make you the most capital or cash flow you needed for your strategy? Also you need to make the decision prior whether you are going to buy and hold or buy and flip. Is this going to be a core investment or satellite investment?

Due diligence should be done before any properties are purchased as you need to know what your complete entry level costs are to realise your profit level upon completion. Investing is all about numbers and the numbers have to be right at the beginning and every stage through for any strategy to be successful.

Kylie Walsh | PPI Investment Advice
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September 22, 2014 - 11:47 am

Hi,

As someone has made reference to PPI Real Estate,I would just like to clarify that this is a completely different business that is in no way affiliated with PPI Property & Investment Advice (Formerly Portfolio Property Investments.

Many thanks

• This reply was modified 9 years, 8 months ago by  Kylie Walsh.

Kylie Walsh | PPI Investment Advice
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September 22, 2014 - 11:40 am

Hi SnowLionz

You may want to read the link below regarding land tax thresholds and trusts in NSW. In Qld the land tax threshold is $350,000 for trusts or $599,000 for individuals. This is based on the value of the unencumbered land.

I personally create new trusts for purchases taking into account land tax thresholds. This is something I suggest you consider before making any purchasing decisions.

http://www.osr.nsw.gov.au/sites/default/files/file_manager/ofs_lt12.pdf

Kylie Walsh | PPI Investment Advice
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September 17, 2014 - 3:09 pm

If you look at the building figures and people relocating into those areas over the last 2 years, you will see there is an over supply of housing at present and more houses are still being built.

There are a number of areas in Brisbane not to far from the city where you can get great investments within your price range. Have you sat down and worked out what your plan is? What is more important capital or cash flow? How long do you intend to hold the property? What are your long term goals? I think asking yourself these questions, working out your answers, along with due diligence is required prior to any investment decisions.

Kylie Walsh | PPI Investment Advice
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September 17, 2014 - 2:39 pm

Due diligence should be done on every property you look at purchasing. If you are choosing to purchase land, sub-divide and sell then you are subject to capital gains tax. If there is already a sub-division with a high rental vacancy that should put flags up to say it may not be the best area to invest. You need to find an area with demand on rentals if this is your strategy and why it is important a full due diligence is necessary so you avoid major losses and pitfalls.

Kylie Walsh | PPI Investment Advice
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September 15, 2014 - 10:17 am

Definitely agree with Richard that certain suburbs in Brisbane have seen considerable capital growth which is why it is always important to do the right due diligence on any property prior to signing any contracts.

Kylie Walsh | PPI Investment Advice
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September 12, 2014 - 9:17 am

Hi Postup

Here is a link below. This is for Victorian properties but will give you a guide as to what you should be looking for. I hope this helps.

http://www.consumer.vic.gov.au/duediligencechecklist

Kylie Walsh | PPI Investment Advice
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September 10, 2014 - 5:30 pm

There are some really good purchases a lot closer to town which will give you higher yield and higher capital growth. All cities have a ripple effect and the closer you are usually the better outcome.

You need to do some due diligence to find what areas are looking for. It is good to be in an area which has a high demand for a certain type of product and then locating that product within the suburb. Maybe even look at dual income properties which will give you a good cash flow.

Kylie Walsh | PPI Investment Advice
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September 10, 2014 - 5:10 pm

You can start with something smaller that you can add value to. Rather than waiting for the market, you can add value help create your margins. You need to take these steps to start with and later move into the smaller developments. You don’t need huge amounts of capital but it is best to have a plan in place. Work out what you are after. Is it capital or cash flow you need? Once you know that answer, then you can work towards getting your portfolio together. If you do this in a smart way, you won’t need 20 rental properties, you have 5 or 6 which have added value which will generate the same income for you.

Kylie Walsh | PPI Investment Advice
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September 10, 2014 - 5:05 pm

Hi Glen, the Brisbane market is definitely moving so all properties have gained capital. If you are looking for cash flow, it may be best to look at a dual income property. There a different options available with some better than others with capital growth so good research and due diligence is required.

Kylie Walsh | PPI Investment Advice
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August 28, 2014 - 1:16 pm

You use pallets, similar to fork lift pallets, jack it up to it is legal height, then put cement slab in, remove the pallets, put steel pillars in and then build underneath.

Kylie Walsh | PPI Investment Advice
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August 25, 2014 - 5:30 pm

Hi Glenn

Some tips and questions from my own personal experience

1. How often do they do physical inspections of the property and is it the person you are dealing with who carries out these inspections
2. How often is rent paid into your account
3. How many properties do they personally look after within the company
4. How long have they been at the company and in the position

Also when you sign a rental management agreement it is standard they put in 90 days written notice has to be given when terminating a contract. I always cross this out and put 30 days so you can change easily if they are not performing.

I had 7 property managers in 5 months from one company so unfortunately learnt the hard way.

The standard rate is 8% plus GST but may vary slightly.

Hope this helps

• This reply was modified 9 years, 8 months ago by  Kylie Walsh.

Kylie Walsh | PPI Investment Advice
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August 25, 2014 - 9:24 am

I think it is important to remember that property investment is a business which provides accommodation. In saying that, there is a profit and loss statement together with a balance sheet. If purchasing a PPR the decision is made with your heart and may not be in the best growth area. If purchasing an investment property it is a financial decision so you look at it strategically which should make your balance sheet look healthier in the future.

Kylie Walsh | PPI Investment Advice
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August 25, 2014 - 9:15 am

Yes quite often

Kylie Walsh | PPI Investment Advice
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August 19, 2014 - 3:48 pm

If you are looking at dual income there are some other great options available which don’t limit you to your potential buyers on re-sale.

1 option is to consider maybe splitter blocks. Buy a property on a larger block, split and then build another dwelling on the property or alternatively sell the block you have split off to reduce the mortgage on the original block.

Another option is to raise an existing property and build in underneath. You can still rent out upstairs while being renovated giving you an income while developing.

Both of these options give you dual income but I also believe it will leave you to the open market when thinking about selling or the other option of using the equity you have gained to invest again.

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Regards

Kylie Walsh | PPI Investment Advice
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