i m sure that the client can download a demo version to view the pia file. demo version avail in their website

yes. that fill in all my doubts, yes again for future borrowing ability, that could hurt, thats why there not many people that have more than 2 investment properties, guess that explains itself.

the headache of management on +cf can be troublesome, need some good PMs

the quite hard part on +cf IP is looking for the property itself i recon, while…[Read more]

the software is really great… excellent.. thanks for the link

where you can get it? link? thanks

great. i m also thinking of paying them a visit

thanks, never though of that. will always do that before posting

yeah i agree with that, will get some help from parents. but i am thinking of getting IP 1st which then the bank will not hasitate to lend me more money for my 2nd IP. as they may regards that the 1st ip have tenant and tax office to help me pay the debt, instead of own home, which i am all liable on the debt and have to pay the expenses from…[Read more]

what will you guys do if got some cash sitting on saving account? pay off the mortgage? invest? such as?

well done. this will certainly keep us motivated. persistant will pay well

Thanks

hence the idea is that the excess fund is better of invested somewhere or put in CD?

quote:
Hi Milen,

Rather than get into an explanation myself, you will more than likely find the info you require at the ATO’s website.

As a general comment – you cannot claim the interest if you haven’t actually incurred it as a cos…

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Hi i am new in this area, but i received lots of suggestion on -ve gear ip but have to be in the high growth area, 2-12 km from metro area which growth around 8-9%. correct me on this pls if im wrong

Hi Bill

yes i could see what you mean there, yep some people are specialised in that field which may be a plus for us investor.

someone did tell me that if you find a good property manager, dun be stingy and just give them more percentage like 8-9% so that they really look after our property. few percentage of the rent wont hurt that much…[Read more]

as a starter, you would recommend stay away from the buyer agent? yes i know its plenty of money there for the commission. thats why i need some opinion on this. how much buyer agent usually charge? anyone?

what kind of lead is it westan? you mean the area? region? im in melbourne anyway. i love to start on doing some research on the areas. any…[Read more]

any idea guys? i bump into a buyer agent but they asking for $5k commission flat for sourcing the ip. i am not sure if this is a good approach for beginner. but i really need some help to get me start.

I just need to find out if they could share the commission with seller agent?

is it a commercial property? or residential?

quote:
We had been getting $380 pwk for a one bedroom unit that cost $150K. The 11 sec rule – $380/2 x 1000 = $190K so buy at less than $190K fits the 11 sec rule for a + ve cashflow property.

bribie

Agree as long as the number stack up, however if you can pay a visit before buying is recommended but its not always the case.

Anyway what commission is the buyer agent get? they share commission of 2% with the seller agent?

regards,
Erwin

quote:
I have a different view.

I have purchased 8 properties sight unseen. I wouldn’t just be buying…

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I decide on that as well. thanks for the advise and its assure me.

quote:
Hi Erwin,

As I said in my first post the numbers are borderline for positive cashflow. Any excessive renovation costs could really destroy your return. Billfromoz is 100% right, you really need to know exactly what your costs are going to be before the auction. As a first…

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hi Joff

where about is your rural investing property?

Thanks for all the input. i can conclude that we got to see at least once a year on ip while we can getaway for the weekends to inspect our ips

quote:
Hi all,
I own properties in melb.suburbs and western rural and have found property managers in the rural areas very good.
For one thing, they…

[Read more]