Also if one property has increased a lot but the other may have actually gone down you can just revalue the UP one and leave other as is, whereas if you had to revalue they…[Read more]

Cheers[biggrin]

Cheers

Do you want to just buy/create cash flow positive or do you want to be actively involved long term (ie building, renovating) or maybe a bit of both.

once you have decided on your strategy, the best way to go would be to find a joint venture partner who has…[Read more]

I have done this in Adelaide and you should allow 15K to subdivide 1 into 2 if community title and 18K if torrens title. You then add 7K per extra block.

This will cover all fees and the expense of water, sewer etc to be split and moved. Check on Stobbie poles as this can add ontop of that and also make sure no Telstra box in footpath…[Read more]

Also from Adelaide, got one IP in QLD, have just reno’d our PPOR as an investment, subdivided a block and just about to start another reno – (to sell). Would love to keep some but not finding a lot of positive around, theory is to do reno and/or subdivide, gain more equity and keep knowledge and skills growing for when good bargains to…[Read more]

Cheers

Need to know more about where it is located – compared to transport, shops etc. also actual square meterage of house and what council rules are. Once you know all that I am sure there are plenty of people on here who can…[Read more]

My partner and I are also looking at going this route but so far have not had much luck with getting land at right price – nearly had one but it got away.

Any info on figures and or what to look for to find the right sites would be greatly appreciated.

Cheers

Unfortunately I did not know much about property so with only 7K (pounds) mortgage, sold it and bought in country.…[Read more]

After all knowledge and action get results in the end.

In SA Torrens 1 into 2 is about 18000 and community about 15000. In both cases add 7K per extra block.

Approx costs only – make sure you also do your won research, ie ring council

Insurance is included in costs, so are council and legel fees. 10K allocated to footings was per house over and above basic footings in builders costs.

Is order OK?

Do sums add up to anyone who has done this before or is it too skinny?

Cheers

Did your mum aquire property during her course – how successful was she and why is there a need to do it again.

Surely if you have learnt the information and made the contacts there should be no need to repeat but just go on buying etc.?

The reason I ask is that I too also have considered this course but have not been able to find out…[Read more]

I too take my hat off to Steve. I am sure he has heaps to occupy his time but he cares enough to do this.

I am really hoping to get accepted and am looking forward to
the networking with like minded people,
mentoring and being made accountable,
general knowledge about property,
the chance to change for the better.

hope to be part of the journey

One of the suburbs I believe will be up and coming for capital growth is Blair Athol, this is an old trust and war area, with basic 50’s houses. People have just started to rip them down or renovate but the area is…[Read more]

Surely you don’t pay capital gain tax and also add profit to income and pay on that too?

What happens if your…[Read more]

He was just cute. Ended up together for 2.5 years but we were both too young and in his case the 70’s scene was more fun.

After both having other…[Read more]

Will you do the reno’s yourself or get in tradesmen? What would be the cost of doing the reno’s?

If you can add more in value than it costs then that is definitely the way to go, you will end with lower LVR and even if not…[Read more]

Point of transferring outstanding debt from PPOR to investment is that you get tax back on the interest from IP but not from PPOR. Overall this is generally the better strategy and although technically they would be more negative, your personal cash would be slightly better.

Hope this helps

Keep up the great work

Cheers

Surely if it just happens that more small units or 2 bed houses sell in one quarter and the other had the large houses with views, wouldn’t this affect…[Read more]

I am not an expert but have been in similar situation. As far as I am aware, unless you can gain a higher rent, or cut your costs, there is no way to improve the cash flow.
Options to cut costs are pay of lump sum (assuming some access to cash), re-finance and extend the period of years outstanding, interest only.
Although in general…[Read more]

Very interested to know how you arrived at your figures as I also got the same as Mel -1505. Have tried a number of times in varying ways and always comes out the same.

I am new to all this and very keen to learn the finer points.

Cheers

Trouble is with waiting is that it gets easier and easier to put off and all of a sudden you are retiring.…[Read more]

I don’t care about the money itself, just the ability to do the things I want before we both get to old or frail to enjoy them.

Not necessarily a bad move to give up job, a lot of successfull people have become so from being right down on money etc. SOMETIMES it helps you to focus when you are in position of having too. Depends on your fear factor.

Also if you are going to follow Steve’s pos cash flow you will need to consider issues about borrowing money,…[Read more]

Are there any rules about ownership etc? Do you have to have a UK address or is it OK to be Australian and buy outright in UK?

Cheers, keep it up and enjoy life

We are currently starting out in Adelaide, currently have one IP in Qld and a PPOR here that we are renovating to rent/sell when finished.

I know you are looking for someone with more experience etc to help you and we can’t help in that area.

There is not much in the way of seminars, help in Adelaide and we would love to get together…[Read more]

I bought land 12 years ago with the intent to build, I was also told I could not claim expenses. In the following few years I got an engineers report and spoke to a few companies re building.
Then 2 years ago circumstances changed and I realised it would be too long before I could build and therefore not worth ongoing expenses.
When I…[Read more]

Thanks, I have no real experience in project manageing building but I have renovated 2 of my own properties (but by doing most work myself).

Time wise, work full time but currently put in about 1 hour plus a night and all weekends to renovating current place so could do the same for building.

I thought maybe cheapest to get…[Read more]

With the equity is it best to buy one + property or more lesser value ones, bearing in mind the more you buy the more costs you have?

I assume you are suggesting using equity to buy + cashflow properties. Is that possible with 100% borrowing? As we live in the one we are renovating we had thought maybe we should sell that and buy another to renovate and a + cashflow.
What do you reckon would be the better option?