Yep meeting still on. Great way to spend valentines day hey!

i think agenda still to be finalised at this stage but if you email andrew@lamanna.com.au he will add you on the distribution list

Kim

Kim Anand
kimanand@adam.com.au

“Money Can’t Buy you Happiness but it Does Bring you a More Pleasant Form of Misery”

Hi,

Through pressure going about things the ‘normal’ way my husband and i bought our first home 2 years ago and after speaking with some experienced investors realised that we might be better off renting so we sold up our brand spanking new house (it was painful [blush2]) and opted to rent.

Advantage is our rent is partially tax deductible…[Read more]

Hi Rexilla99,

I think if its a straight forward investment property you want tenanted, given you interview and research before selecting who you think is the best property manager for the job, i think you should give the time consuming job to a property manager. The advantage of this is not only freeing up your time but property managers may have…[Read more]

Ebay has always beeen really good to us!

Kim Anand
kimanand@adam.com.au

“Money Can’t Buy you Happiness but it Does Bring you a More Pleasant Form of Misery”

Hi,

Not sure how other investors value land but we do it as we would valuate a house.

Look at the sales history reports for land sold in that suburb (you can get this off RP Data or UpMarket or if you haven’t got subscriptions to these just ask a real estate agent to print one off for you…some are reluctant to do this but most shouldn’t have a…[Read more]

Maybe a section which allows you to enter in some income that you may possibly get during the reno process eg. if you’re subdividing but retaininig the exisiting house, you would most probably want to rent it out. Also if purely a reno and you finish ahead of schedule, you may decide to rent it out whilst waiting for it to be sold. So with this…[Read more]

I’m dying to know the answer!

From past posts, it appears that you can’t get a property thats been purchased outside of the Trust, into the Trust without incurring all these hefty bills.

Please do tell![wacko]

Kim

Kim Anand
kimanand@adam.com.au

“Money Can’t Buy you Happiness but it Does Bring you a More Pleasant Form of Misery”

Hey Longshanks,

We self manage some of our properties and have until recently given tenants our BSB and account number for them to deposit money into our account however the bookkeeping and chasing up of rent was a nightmare until we discovered Ezi Debit (www.ezidebit.com.au) They essentially are a third party that direct debits the rent from the…[Read more]

We fully furnish ours with everything they would need such as bed linen, powerboards, desk lamps etc.

Its furnished to the extent that they can just move in and not have to worry about going out to buy anything.

Common areas also have lounge, dining table and chairs, fridge, dishwasher, washing machine, crockery, cutlery plus we give them a few…[Read more]

Notice boards at unis has worked well for us. We’ve only ever had to advertise in the Newspapers once or twice and we didn’t get a single phone call out of it so we’ve stopped doing that.

We also get a few through word of mouth.

Yes this time of the year is not the best time to start as Uni is coming to a close in the next few weeks and many…[Read more]

Hi Dannyboy,

Not sure what sort of subletting you’re referring to? Are you wanting to rent a house with yourself having the head lease and from that sublet the individual rooms or are you looking at buying a house and subletting the individual rooms?

We’re doing a bit of both and yes its extremely hard work and alot of patience is required…[Read more]

Hi All,

We’re renting out a a couple of houses at the moment to students by the room. We have found that students tend not to know much about cleaning and the evidence is clear from our inspections but its not too bad because we call them up on occasions to remind them to clean because we’ll be visiting soon and 9 times out of 10 they do clean.…[Read more]

I’m not sure if this will help but we recently looked at a house facing a main road which was on septic. Because it was on 3700m2, we were thinking of putting 6-8 homes on it but to get the sewer they had to get it from across this main road where development has already occurred (this side of the main road were all on septic)…anyway, the cost…[Read more]

Just a quick reminder that this meeting on Tuesday will be the last opportunity to pay the $10 (per person) deposit to attend the xmas dinner at Katts Restaurant on O’Connell St Nth Adelaide on the 27th November 6:30pm.

Should be a great night so don’t miss out[biggrin]

Just a quick reminder that this meeting on Tuesday will be the last opportunity to pay the $10 (per person) deposit to attend the xmas dinner at Katts Restaurant on O’Connell St Nth Adelaide on the 27th November 6:30pm.

Should be a great night so don’t miss out []

Yeah thats what SGIC told me, they dont care whether its being occupied or not but as long as its on the market, they won’t insure it because apparently the risk of something happening is alot higher. I of course rang back on 4 different occasions and got the same story.

I have managed to get in touch with a broker and he had the worst time in…[Read more]

Hi there,

The AREIG (Adelaide Real Estate Investors Group) meets only the second tuesday of every month….good place to network and talk to like minded people. Theres no cost involved whatsoever, just a meeting place to share ideas and learn. Next meeting is next Tuesday (the 14th Sept). You can contact our “chairperson” Ray Summerton (forum…[Read more]

Hello Everyone,

Just a quick reminder for those who would like to attend the AREIG xmas dinner which is to be held at Katts on O’Connell St North Adelaide on the 27th November, you’ll need to place a $10pp deposit. Since its getting reasonably close, i will need to pay the deposit relatively soon.

Thanks and hope to see you all at Tuesday’s…[Read more]

Hi Luke,

I’ve been getting sales history data from the real estate agents themselves. Some are unhappy to provide (most actually) however if you sweet talk them a little then they may be happy to assist. Its not a good idea to ask the agent thats selling a house that you are interested in purchasing because its kinda like a conflict of interest…[Read more]

Hi Ggreg,

Don’t know if this will help but we’ve just built a house (in Adelaide) where i did alot of ringing around for quotes and the rule of thumb for building a residential place is to allow for $1000/m2 for a finished product. The structure itself is relatively cheap however if you work on $1000/m2 that should include the aircond, floor…[Read more]