Thanks a lot for your input guys, much appreciated.

Thanks for you info guys.
The company we have been speaking to is called Benificial Property Investments. We spoke for 2 hours with an accountant who provided great advise for us first timers. There was no pressure to do anything we didnt fully understand. We have a follow up appointment in a few weeks. So far they seem up front and easy to deal…[Read more]

Hi there mixrex. I know what you’re talking about, it is very difficult to find anything on the ATO website, but nevertheless it is there. I have pasted the address below.

http://www.ato.gov.au/content/individuals/downloads/RentalProperties2002.pdf

If it doesn’t work simply go the the ATO homepage, click on ‘search and contents’, type in rental…[Read more]

If you like study so much invest in a University degree in something that really interests you through a reputable University. It will probably see you commanding a higher salary ie. a fairly good rate of return – which is at the very basics what this whole discussion database is based upon – a high rate of return on investment!

Don’t get all…[Read more]

quote:Other property in Rockingham but harder to find good stuff here now.

Dan,

Why do you say this? Is this in terms of Positive Geared stuff or good capital gain?

DJ

I think it will be like anything. Know your expected outcome and know your area. Remember the deal of a lifetime comes around on average once a month (if you are looking right!) and that next deal is probably in your own neighbourhood.

Yes you can do it – take early possession that is. It is your risk and can only be done after finance is approved. Note some conditions on settlement will be made void by doing this. Also make sure you have the place insured as it is your responsibility once you have taken the keys!

I have done this with my latest place and should work a charm.[8D]

As we are just starting we too could not afford the $15,000 for Henry Kaye’s course. We too, would too appreciate anyone who has notes from his course to share them.

Tedgalee I tried to see if we are in the same state and maybe if we were that you would be kind enough lend us the course notes for awhile please.

I sounds as though you did get…[Read more]

Hi Ziz,

Thanks for the tip, I’ll start doing a little more research in that area.

Cheers,

Matt. []

Hi Steve,

The scenario you give here indicates that the bank was prepared to offer you 80% of the higher of valuation vs purchase price. Most of the lenders I have discussed this with will only take the lower of the two.

Do the rules change once the lenders get to know you? Or am I speaking to the wrong lenders?

Thanks for your advice.

Dave.

Thanks all….. after preliminary research I’m starting to agree with ausken.

David DooDah

In my experience a good tennant is someone with a fulltime job and is renting though necessity but has a long term goal of one day owning their own residence.

Usually these tennants are quite upfront in terms of how long they expect to be tennants and respect the value of a good reference as a tennant when moving on.

I suppose I’m talking about…[Read more]

Hi all & sundry[]

Has anyone knowledge of or had dealings with Westpoint Corporation particularly in with respect to property investing etc…???
I think they mainly deal in Aussie inner city hotels/apartments.
Much appreciated. David…..DooDahDave

Hi Leigh,

That is a great tool to use. I was always working them out using a mix of calculators and adding fees for others. But this does it all for you.

Cheers,

Matt. []

Hi Steve,

I am always looking around property websites for a multi unit complex to buy. How often do you personally see them for sale? Is there a better place to look such as a dedicated website? Or should I just contact agents in the area and tell them what I am looking for?

Cheers,

Matt. []

Count me in… Love to meet like minded people. Although a little older than most – 46 I’m a newbie to property investment and need all the help I can get.
DooDahDave
hills@hotmail.com

Thanks Nina and Steve
I found the reiwa URL very useful in estimating my presents property value.

We have only just met with the company so we haven’t looked at any options / projections as yet. But will keep you informed. I like the idea of a case study (getting spoiled)[]

Our mid term goal is to pay off our residential address. I’m 46 with a…[Read more]

Hi Young Gun,

I spent 8 months in Real Estate a couple of years ago. Our fees were 3% plus GST plus $500 advertising contribution.

An agents fees are varied from agent to agent and are always negotiable. The problem here though is that any agent that will quickly negotiate away thier fee will probably not do much negotiating for your sale…[Read more]

Thanks Bruce,

I will give them a call and organise an appointment to see what can be arranged.

Cheers,

Matt. []

Hey there RC,

I am keen in sharing ideas and interests. I live in geelong, VIC where are u from?

I am kinda starting out but doing plenty of research b4 i take the plunge!!

Thanx again

Alex

quote:”Everyone wants to go to heaven but no body wants to die”