Lower the price.Have you had it valued by a Bank valuer? At $155 per week rent, in a small town, not many investors will want it. You can get as good a rent return in the city, and pay not a huge amount more, and get better cap growth.Here's one I just saw there; under contract, so there are buyers in Oberon. Took me 5 sec to find…[Read more]

Reneeshen wrote:
just branching off a bit from the topic….has anyone been to the tony robbins upw, wealth mastery or date with destiny programs?  And if so, what is your opinion on his programs as empowernet works alongside the tony robbins companies.Thanks

Save the dough and read few investment books and work on your own motivation.

Just wait 12 months until it is obsolete and buy it for a song at a sale, or on ebay when the sheep have to upgrade to the next new doodad that hits the market.

zbfairlane wrote:
An old topic I would love to revive. How about some of you guys with appreciating assets from three years ago. Have you Improved your ride yet??1968 Ford Fairlane $600 in 95, $16000 in 07 after $10k restoration. Very fuel efficient at 12mpg! The height of luxury as far as I am concerned.

No; still got the same cars.1998…[Read more]

It hasn't been mentioned on Neil Jenman's site, so I guess not.He'd be right onto it.

I would guess that there is no cap growth on the site and minimal depreciation on the caravan, so what's left?Only the rent, and the tax deductions.If the rent is not better than an ING account (7%) after the fees and holding costs are deducted, then why bother?Tenants can be a headache, whereas the ING account is simple.

Phorsha,Unfortunately; your attitude has a big impact on their work ethic in a lot of cases. Even worse; sometimes you can be as nice as pie (as I always start off being with them) and they still dud you.This, of course, is very unprofessional, and is one of the reasons why this thread even started in the first place.It's endemic in the (…[Read more]

Don't know if they are Aus wide; we used them a couple of times on the Mornington Peninsula in Vic a few years ago.try the Yelow Pages, the White Pages,here's the google;http://www.greyarmy.com.au/contactus.nb

merryc wrote:
Oh yes, there's real electricity in the air now. Perhaps the idea of a web page with quotes is just a pipe dream after all. . .

yeah; I think this thread has gone down the drain.

If in doubt; don't buy it.There's a million more houses for sale today.Just because it's potentially dangerous, doesn't stop people from living near them if the properties are cheap.Look how many people smoke for god's sake.

Surely the entire roof doesn't need replacing?If it's tin sheets, there must be a good number of them that are still ok – just get the offending ones ripped out and replaced.Someone like "The Grey Army" could do that job, or a local handyman.Doesn't need to be a plumber. You could do it yourself Swany. Great fun.

homesite wrote:
To Whom this may concernI am very interested in sell my lots overseas. I am looking for Real Estate agents overseas to sell our land in The USA. Our land is located on the West Coast of Florida and is ready to build lots with water, sewer and paved roads. I own over 200 lots in this area and will offer financing with 35% down at…[Read more]

If you have sufficient funds to keep you going with the repayments and the renos for 6 months until you can rent it out, then that may be the go and get the FHOG.The renos are tax deductible, but I think they might be classed as improvements, so are therfore depreciable rather than normal repairs and maintenance expenses. Talk to your accountant…[Read more]

I think that the recent good growth around the Country is largely due to the (still) relatively cheap finance, the easy access to it, the continued good employment figures and buyer sentiment, and the fact that the supply is being outsrtipped by the demand.I don't believe that investors have had much of an impact, or ever do; in any given period…[Read more]

Based on your last post, I wouldn't be too worried; 9 months of no tenants won't happen.As Terry said; the emergency fund is the thing; you have the $50k and your wage, so no worries.But I would be looking at some serious debt reduction (I reckon this is a given anyway; no matter how you are travelling).No one ever went broke making a profit (a…[Read more]

If all 3 properties became empty at the same time (although unlikley, this can and does happen), how long could you cover the loan repayments before you went broke?Or, worse; how long if even one property was vacant?That's how you need to evaluate it. You have no available equity or redraw to service the loans if your income won't cover the…[Read more]

Terryw wrote:
Yes, it is not easy. You will need to find someone willing to lend you the deposit, or the seller owner willing to lend you the deposit.I have received an email from a developer trying to offload apartments whereby he will pay stamp duty, and lend the deposit. You can email me if you want his details.

Interesting.When you say;…[Read more]

Macnatt wrote:
Its interesting to read your perspectives. I am surprised not to have been advised to sell my house in Perth. This option is playing at the back of my mind as an easy but emotionally painful way out. I could put some of the proceeds on the Kalgoorlie house reducing the debt a possibly creating a positively geared investment for…[Read more]

The total value of the 2 properties is $1,150,000.Banks will normally lend you 80% of your propertie's value, less any loans current, which is $920,000.You owe $938,000. Your LVR is 81% approx. Any higher than 80% is getting towards dangerous levels in my opinion.You have no USEABLE equity in these properties to use as deposits on any further…[Read more]

Macnatt wrote:
I can't believe it if we moved out of  our home and rented it out then our score is 315 and it said very good. This really is a new way of thinking I was always brought up to believe that renting is for losers as you are paying off someone elses mortgage far better to pay your own. Maybe I will have to find a good rental with a…[Read more]