Good on you for taking the brave step!
Have you thought about moving out of your house (expensive mortgage) into one of the worse returning properties, or a property that needs renovation? If you move into a property that needs renovation at least you are on site to improve it, remembering that it is an investment and don’t spend too much money…[Read more]
my advice is don’t mess with the ATO! The best thing for you to do is talk to your accountant in the first instance, who will provide the level of advice you require.
As far as agent fees to sell, they will charge for signage, advertising, internet listing, brochures etc, and GST on the commission unless you get it written into your…[Read more]
I would recommend you read Steve’s second book which explains that you can’t buy cf+ they are created.
It also depends on where you are looking – capital cities are great for properties and tenants but they way things are currently, the returns are not anywhere near being cash flow positive. You may need to do some more learning,…[Read more]
I would try the REI website in WA – http://www.reiwa.com.au/content-home.cfm they may have a section on your rights, otherwise if you have a rental tribunal they may have a website where you can access information.
I think people get different things out of seminars that you can’t get from books, meeting and sparking off like minded people. People draw together because of common interests. Being around people who are negative about your goals can sap your motivation to achieve, being in a room full of people who share your vision/direction is…[Read more]
I was there too, Great seminar. I flew back to Adelaide this morning. Woke at 2-30 this morning my mind spinning with information overload. I got up and wrote some strategies down and broad brush stroke plans which need to be reworked.
there was a story in API from some people who did that in SA. This website http://www.dalbyremovalhomes.com.au/relocating.htm also has great informatin on what is required as far as permits, finance etc.
Good Luck with your venture
My partner and I started investing in 2001. We each had one house. Since then we have purchased 8 houses – 6 in Queensland and another 2 here in SA. I stumbled on Steve’s 0-130 while browsing in a bookstore (my partner was buying a book – some rock band called Rolling Stones) We are currently stalled but all is not lost, I will be attending the…[Read more]