Without more info it is hard to suggest a plan.How much did you pay, how much is it worth now, what is the rent return, what will be the projected rent return after the renos?Also; why are you selling? is the property cashflow pos, or neg?Tell us more, and we can suggest a few things.

Mystery wrote:
amaljayaWe have an IP in Redbank Plains. After recently having a 5 minute chat to town planner at Ipswich Council with the intension of handling the application process myself, I decided to employ a town planning consultant. We can't do sub-division on our block, but we can have dual occupancy approval on our 800m2 corner block…[Read more]

Steve; get out here and answer this question.I can tell you one thing about TRUSTS though; they are good for sheltering the properties and you from litigation, but there are limited tax breaks from them, unless you already have other income going into them from other sources; a business etc..If you have earned income, which you will be paying tax…[Read more]

I have to agree with Trakka (Tracey).Also; get a list of ALL the outgoings from the complex, and what your share will be. You may be surprised how high the costs are.

Firstly,  Steve's book is totally out of date now. I have read it, and it's a great book, but times have changed a lot. The market is vastly different to when he did his stuff. Not to say that it can't still be done, but it's very difficult. These days, you need to create the pos cashflow through renos, adding value, subdividing etc.You can,…[Read more]

That's a POSSIBLE rent return of only 4.8%. Finance is 8% now. On a $1.2 mill investment? No thanks.IF, I say IF again; you could put down a 20% CASH deposit plus costs (5% of purchase price approx) = $312,500, the loan will be $1 mill @ 8% = $ 80k per year, interest only; thats $1538 per week.rent is possibly $1160 per week, 20% will be eaten up…[Read more]

Use the search button in the top right hand corner of the home page and look up investment books, reading etc.There are plenty of posts covering this topic.

Shower head and oven door; get the agent to check what is "wrong" with them first. Don't fix until this has been done.The rest; Garage; no. It was like that when they moved in.Cat door is the tenant's choice – they pay.Gutters; you pay.it is a tight rental market right now. You won't have a prob finding a new one should you have to kick these…[Read more]

Don't know much about the UK processes and rules, but it sounds like you need a new lender.

We are currently doing this with our PPoR.The limit is 6 years before you are liable for CGT.

crashy wrote:
the difference is though, people only make one trip to work per day. tradies can make 10-15. MOST of our day is spent travelling from job to job, or job to wholesaler to job. a large chunck of our day is spent in wholesalers buying materials (and its normal to lose 2 hrs here since service is sometimes shocking) or in traffic. also…[Read more]

voigtstr wrote:
I cycle to work most days on a Trek mountain bike that cost $1100.I dont have a car. (Someone stole it, and I couldnt be bothered replacing it)I also have a Moto Guzzi motorbike, bought for $21800 which is now worth approx $12000.

How long have you owned the Motto Guzzi?

dreaming wrote:
Hi JambvI read an article not so long ago saying that soon every 10th person in Japan will be over 75yrs old. They also went onto say that Japans population will start to decline soon. I'm not saying don't invest in Japan because there could be some good money to be made, just make sure you do your homework and buy a product in…[Read more]

As a general rule, the Banks will only allow you to access 80% of your properties' value. You can go higher with some lenders, but then you are up for Loan Mortgage Insurance and higher interest payments and even higher interest rates in some cases. This will all affect the cashflow on the investment.In my opinion, it is dangerous to borrow more…[Read more]

crashy wrote:
I was a sparky offering 24/7 service.I was often called at 2am in the morning.I went out and fixed the problem immediately, and charged $60 callout and $60 an hour (with min of 1 hr, this was back in 2000)you wont believe how people whined!lets look at it from my point of view:at 2am, my house gets a phonecall. everyone wakes up.I…[Read more]

Crashy, is it possible for you to get involved in just ONE thread where you don't end up getting into an argument with someone and attacking them?What is wrong with you?

$80 for a hammer?http://www.bunnings.com.au/emag/bunnings/index.html?document=catalogue/vic_metro

Can you service the interest payments on the Property though;If you spend $800k, and use $20K as some of the deposit, and finance the rest as Terry mentioned, you will have a debt on that Sydney property of around $780k – say $750k for round figures.The interest per month, assuming an 8% interest rate will be $5,000.With the other 2 properties,…[Read more]

My 2c;I reckon the only advantage of super is that it can be tax effective. Otherwise; it's the "investment" of the poor.As Elka said; you lock away your money for years, the Govt is always fiddling with it, it's all linked to the shock and scares, and if there is a 1929 style crash, your retirement pocket money is pretty much gone, and you can do…[Read more]

We rent out our PPoR currently.It is manged by a local agent, they charge 7% and have done a good job so far. They do a condition report onece per year, the lease is yearly, but you may decide to make it a 6 monthly lease. This is better for making more regular rent increases.Our statements arrive via email, and the rent is directly deposited into…[Read more]