Ring up every agent in the area and ask them what vacant land they have for sale.Go look at every block, then you can assess the value pretty accurately yourself,OR, pay a valuer to value it officially.

If you are based in Aus the opportunities are just as good there as anywhere else if you look.the grass is not always greener.

peterhutchy wrote:
Marc ( L A Aussie) with the news article you supplied me with more or less proving my problems, what am I to make of it?

It is telling you what you keep saying; it's all too hard.As I said; I guess you were right after all. As others have already said; if you think you can't, then you can't.The only problem is, it's just a…[Read more]

Sorry O.I.A;I've been away for a few days; what is this relating to?

It's probably a development company masquerading as an investment company.No doubt they will be trying to sell you their over-priced "stock".They will package it very professionally and make it sound very appealing.Ask them if they mind you using these INDEPENDANT people to help you with your purchase;1. Valuer2. Solicitor3. Financier.If they are…[Read more]

Work on around $12-15k per square for a total rebuild.You can insure for more than it's worth to a degree, but then you have a more expensive premium. Then again, it's a tax deductible expense, so; over-insure if in doubt.

Selling with the tenants in there may actually work in your favour. If an investor wants to buy it they already have one of their problems solved.In this case; don't worry about doing a reno, unless you are prepared to move the tenants out and pay for them to live somewhere else while you do the reno. Not worth the time and money and effort for a…[Read more]

Good one Blogs!I thought I was the only bitter and twisted one in here.Just out of interest' what did you become?

I haven't heard that name before. I would assume a cashflow positive loan refers to a loan that provides you with a positive cashflow somehow. Creative description; it sounds like a piece of hamburger mince being called a steak, but I don't know.I've never seen a loan that doesn't cost you money unless it is attached to a cashflow positive…[Read more]

Don't you hate that?

Tell the developer you cannot sign the contract as the solicitor has not reviewed it, and you will need to reschedule a date.He will be miffed, but will no doubt get over it.Better him not happy than you.

The other problem with foreclosures in Aus is quite often the Banks don't want it known that the property is in foreclosure, and even when they are known they invariably sell for around market value anyway.

You could try doing a State by State broad search in your price-range on realestate.com.au and domain.com.au. Select all suburbs.Australian property Investor Magazine also lists various hot spots and places to watch, the Financial review, BRW sometimes has good info.There is also Terry Ryder's website; hotspotting.com.au.There is also info…[Read more]

Further to that great post Amanda,the depreciation is only added back on if you sell.So if you never sell, but keep adding similar properties to your portflolio, you never pay back the depreciation. Over a long period of time with property appreciation the amount becomes negligible if you do sell.Also, as I've mentioned a few times in other…[Read more]

Pizang wrote:
Hey LA,I may have this completely wrong but what I'm hearing is that your properties provide you with income through the equity that's gained through capital growth…? How do you extract the equity from your property and convert it to cash?My apologies if I've misinterpreted.Dan

Hi Dan,The right type of loan set up is needed…[Read more]

Good question r;it seems that many tradies are having trouble getting apprentices these days. I don't know the reason for that; maybe this generation of young guys have different ideas about what to do out of school? Maybe the wages aren't good enough, or, as you say; they don't want to get dirty. Maybe the tradies aren't making enough to pay…[Read more]

yes, this is my investment property and the expected rental is 350K per week. (quote from the property management.). cheers !MingBe careful with rental quotes from property Managers; especially when doing D.D before buying.Do your own research and establish the actual rents for your type of property in the immediate area.

mathewc73 wrote:
Marc,I did not write that. My userid is mathewc73. That was not posted by me.Regards,

Sorry Matt,on reading back I saw that it was just another comment by crashy.

Dulux  "whitesand" or  "beachsand". One is a bit more pink than the other – use the one that isn't pink.We have used it on our PPoR and other I.P's we have renoed.This color for the walls in satin sheen, along with white enamel for windows and doors, skirts looks fantastic.It is a warm color, but looks neutral and a bit "beachy". looks great w…[Read more]

"I had some customers who tried to intimidate me by speaking the lingo. This tells me that they are either a know-it-all, or have had so many quotes they have memorised what everyone said. Either way, I deliberately over-quote in the hope that some other poor sod gets the job. If I do get it, the extra makes it worth the headaches."Sorry Matt,this…[Read more]