Talking about Global Warming is almost as dangerous as talking about religion and politics, but…

My belief is that much of the Global Warming platform is simply scaremongering by so-called ‘green’ corporations, whose real agenda is to profit from money coming their way from donations and supporters.

The more media hype and fear they can…[Read more]

I’ve been of the belief that the aged care facility is a good investment for a few years now. The aged is a growing industry and as people can be kept alive for longer (not always a good thing) we have more older people needing part and full-time care for longer.

But my goal is not buy into one one apartment at a time; I want to build and own one…[Read more]

Wow; that is scary. Where is it going to stop?

Even if you bought one you may not get a renter (that can pay the rent).
I suppose at those prices the holding costs would be minimal and you could afford to be very choosy about the tenants.
I think you would need to be very brave to invest there with the hope of things to improve in the future.

A…[Read more]

Due Diligence is the part where you have to get into checking out all the aspects of your proposed investment. it involves lots of time in the car, on foot, on the internet, on the phone to agents, councils etc. Not a lot of fun, but necessary to make the investment a success. You are trying to find out the truth about the area, the property, the…[Read more]

You could explain to any prospective tenants what you’ve explained here, and give them the option of keeping the system for extra rent, or having it removed for less rent. Done well, you could have the cost of the system paid for by the tenant.

The problem is you will be responsible for any maintenance costs on the system.

A good Landlord’s…[Read more]

Originally posted by slapbass351:
Hi Jen1 , I’m new on this site to and have just started reading steve’s book. I’v just moved to Mackay from the goldcoast.
I’v found the prices here are so expensive and rent equally expensive.

Mackay is a coastal town surrounded by coal mines, therefore there’s plenty of wealthy people here, so i’m guessing…[Read more]

I have never done one of these, but on the point regarding the 4 towhouses, I was under the impression that up to 4 units constitutes a residential purchase – not commercial.

Have you run this past any of the lenders yet? You may be o.k on the finance.

Just a thought.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to…[Read more]

“Okay, so what you are saying is that we should use our existing home as our first investment property and then use the equity in that to purchase our second investment property?”

That’s correct. Move out and rent a place yourselves, then use your PPoR as your first I.P.

Many people won’t do it as they are emotionally attached to their PPoR,…[Read more]

Hi Damon, welcome to the forum.

A good Mortgage Broker (there are few on this forum) can help with the correct loan structure; especially if you are going to keep investing long term.

As far as renting out/living in the I.P; you may do better if you can live in it for a while as your PPoR first then move out and rent it. This way, when you move…[Read more]

Most of us on this site would normally say to keep a good investment property and use the equity to keep buying more of same.

However, your PPoR is a different situation. The interest on your PPoR loan is non-tax deductible, so you should try to minimise the mortgage balance on it as much as you can.

If you use your equity from your I.P to help…[Read more]

I went to see “The Donald” at the Convention Centre here in L.A last w’end.

He is briiliant, inspiring, straightforward with no B.S.

If he come s to Aus try and go.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

I agree with F and Terry;

it is probably too soon to really tell. Maybe after 5 years you can gauge it better.

Historically, property averages around 7 – 10% per year cap growth, so after 5 years you should expect somewhere near 35 – 50% cap growth. Then you can re-assess and make a decision.

2003 was the top of the boom for many areas, so any…[Read more]

I am a Destiny client of nearly 4 years (in Melb). Excellent and very happy. Not the cheapest around, but service is great.

Read this thread on the forum from a few days ago:

https://www.propertyinvesting.com/forum/topic/27535.html

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

There are, from memory, 3 ways they can charge you for services:-

1. One-off financial plan – approx $300.
Takes into account the current financial position of client, assets and liabilities, income etc. Very comprehensive. You get your plan and go and do your own thing from there.

2. Sign on as life-time client – approx $2,000 (when I…[Read more]

My 2c;

Why on earth would you sell a property or any investment that makes a positive cashflow every week, and appreciates in value at the rate that this property has? Sure it won’t keep appreciating at the same rate, but as they say in the stock market;
“ride the winners and cut the losers”.

Unfortunately many people see the increased value as…[Read more]

To me, Negative Gearing only makes sense if the property is going to go up in value by more than the amount of neg gearing over the period that you own it. Many people take on neg gearing in booms with the knowledge they will recoup the money in the cap growth. But you can’t guarantee that will happen.

Many high income earners neg gear simply to…[Read more]

Investing is either for cap growth, cashflow or, my personal favourite; both.

This property has neither at the moment. Keep looking, or offer them $180k seeing as it hasn’t sold for 6 months.That’s a rent return of approx 7.8% (only just o.k – finance is 7.5%)

If they don’t accept that offer; keep…[Read more]

Love it!

The good news for agents is that they are not as hated as lawyers and used car salesman – they are 3rd last.

Cheers,
Marc.
erardent@hotmail.com

“we get sent lemons; it’s up to us to make lemonade”

A couple of unpleasant things to consider before getting too far down the track;

I read an article about investing in regional banks in Australian Property Investor mag a few years ago (you may be able to do a search on the site for the issue with the article concerned). There were pros and cons of course, and while the returns are attractive,…[Read more]

Sometimes ‘bad’ areas can be great for cap growth.

St.Kilda, Richmond, Port Melbourne, Williamstown and Oakleigh come to mind in Melbourne.

About 3 years ago my sister-in-law bought a house for $92k in “The Pines” – a suburb of Frankston on the Mornington Peninsula southeast of Melb.

It was a bad suburb in a not -so-good bayside city. In 3…[Read more]