i read about the closure of a mine/s in Dysart, QLD. will that have a negative effect on property investments in Dysart, or do you think it's just a minor setback as there are other mines in the area that are still operational?

hmm. seems like an example of them over-regulating!!Thanks for the tip – I suppose 'll try and avoid renos for profit in QLD.what about in other states like NSW, WA, SA, vic? Are there similar restrictions such as these?

thanks for the advice guys. I'm just about to inspect a property that I offered on, and it has a leaking tap – i suppose I should check if that caused some termites too

if you still decide to self-manager, make sure you use the adequate contracts to protect you. Oh, and don't forget landlord inurance. Also, make sure to get references and do a background check of the tenant

if you have really bad credit, i have read that in order to fix it up – start small and get small credit cards, and pay them off. Also, get some term deposits, and start investing in them. Then show the lenders of your term deposits, and gradually grow your amount in the term deposit – and lenders will trust you more – perhaps using the term…[Read more]

yeah – many of the top property magazines talk about spots with higher potential CG.for me on the other hand, i prefer going for properties that give cash flow…

My parents use a financial adviser, but I tihnk it's because they don't really have the time or inclination to learn about money and financial education.I'm different though. I prefer learning things, so that I don't just hand over my money to someone else. Remember that some financial advisors tend to have a bias towards some products (since they…[Read more]

im based in sydney but have been in contact with a mortgage broker in SA. Is it okay that I'm working with them even though I'm in a different state? will there be complications? or should it be fine

i'd suggest to meet with a lawyer and an accountant asap

kempsey is pretty small – and when i visited there, it didn't seem to have many huge shops.you'd probably find some quality shops and services from nearby port mac im not sure about within kempsey though

yeah leave it to your PM – you don't need to waste your time and energy on this

what about villas and townhouses? are strata or body corp fees needed to be paid for them too?

sorry for my ignorance – but what's an IO + offset setup?i think I understand the IO part, but not so much about the offest part…

which broker did you end up going with? if you don't mind me asking? what about the fees?

Phil44 wrote:

mattsta wrote:
hey all – just to get back on the topic of using VF to buy an investment property…So, what if I find sellers (not vendor financiers/VF businesses) and I calculate that I my instalment contract payments are LESS or EQUAL TO the potential rental income that I could accumulate by renting out the property to someone…[Read more]

fatman wrote:
I agree with Dazzling, in regards to what Francis has said. Does not sound real sensible at all, a bit out of touch perhaps?? I have always used a solicitor, BUT a solicitor that SPECIALISES in conveyancing and one who actually INVESTS as well. Same as for an accountant, only use one that actually invests in property and has…[Read more]

same with me – i've been looking outside of sydney as prices are just ridiculous around here

i think the nsw govt is trying to get more jobs and decentralsation to the coast and other geional nsw areas but i think they need to do more

gettign interest from a savings account could be a worthwhile place to put your money. i've got mine at ubank

The OTEN/TAFE one is quite good, and you can learn while at home and even though you have a job already