Hi Janette,
Welcome to the forum. Great to hear that someone from Perth is going over, though I wish it was me.
Cheers
Marisa[biggrin]

Hi Melbear, this will be the second claim on this IP, due to the excess. Did not really consider possible premium increase due to claims!!!

Had two claims with another insurance company (GIO) they did not increase premium.

What is the point of paying insurance cover if you can never claim. Your dammed if you do and dammed if you dont.[blink]

diclem,
sorry statement not clear, will clarify, what I meant was I actually had a $300 excess on my insurance policies as a way of saving on my premiums.

However, I infact lost money as a result of this implied excess. I have claimed a number of times, usually minor items ($100-250), ie broken window, damage to property caused by hot water…[Read more]

Thanks all for help.
PK, will search and see what comes up.

One thing I have learnt about taking out insurance is too make sure you dont have a hefty excess. To reduce costs had a policy with $300 excess, totally useless.

Thanks everyone.

Thanks Terry, I have never used insurance broker. I was hoping someone would tell me about this incredibly cheap insurance company that provided brillant service…. think I’m dreamin

Hi elika7264

We got a building inspection some 10 years ago for our house as there was some major cracking at the front of the home. Found out is was a water issue causing the problem. Get rid of the water, problem solved.

Unfortunately this is when the fun and games began, got an architect to view, than a structural engineer, followed by 2…[Read more]

Thanks everyone for great info, I am alot wiser now…..
I am going up there next weekend and will check out all suppliers and get costings on various options.[biggrin]

Hi Derek, doubt the driveway would add any value whatsoever, though I imagine it would make it more attractive to a prospective tenant.

Hi Madinvestor,
as Kay stated “many investors spend big $ on repairs etc.” JOIN THE CLUB.

I believe in the big picture, if I did not stay focussed on this I would not be able to get ahead.

Though stating this, I have recalled the many nights my partner and I have studied our liabilities and assets, what we should/could sell and what we should…[Read more]

Patrick, I have sand and weeds at present, was looking at tidying up the place. Good point you made. After completion of reno I will get property cleaned up and will then decide. Who knows, the best option may be to just leave as is. thanks for contribution, very much appreciated.[biggrin]

Its gotta be WA folks….. Hotrod we should rename you “HOTSHOT” you are a champion …

Yack, never heard of ashphalt, will look into this see if cheaper than blue metal.

Derek and Aceyducey, thanks for tips. Another question, will weeds grow through this stuff. Silly question, but couldn’t think of anything worse….[eh]

Thanks Hotrod, congratulations, I’m impressed considering only 5 positive properties – that aint bad.[exhappy]

Many of us mention how much money (CG) we have made with a particular property.

I dont recall members disclosing the amount of income made from their positive props.

It would be interesting if anyone out there has actually managed to establish a healthy income from +ve scenario.[biggrin]

Hi Jamiedellam
do a search as there is a good thread of where to invest – Perth.
Cheers[biggrin]

Thanks Hotrod.[biggrin]

Gotta be more Perthians out there??

Marc, thanks for comments and agree.

Funny about this great debate, I would take a guess that most people/investors on this forum actually buy negatively geared property.

Possibily because it is very difficult to locate good quality postiive props.

I have just purchased my first positive property and have doubled my money, regional area. This…[Read more]

Also get to know your market, and dont overcapitalise with your renovations.[biggrin]

Hi all, I always thought “I COULD buy SIGHT UNSEEN”, just make sure I get the professionals in to do all the checks.

However after travelling many hours recently to view a property, I was absolutely stunned that it did not at all resembled what I saw on the internet. It was a total disaster. I eventually found a suitable property, and paid much…[Read more]