But yes, simon is right, go for more land, you will definately have more gains than a unit in the ‘right’ suburb.

But you need to figure out why you are investing in the first place. What is the end goal for you? Then you will have more direction in what to buy first up.

I just wanted to confim a couple of things –
the price you pay is also affected by who it is managed by. By this i mean if you have a small group, it can sometimes be better to have it self managed. I do this for one of my units, and it means that we only pay 400 a year, whereas that can be a starting point for most body corps per quarter.…[Read more]

Yes you are likely to be undone by this, as they will do a credit check. Never mind that your committing fraud by lying.
I understand things can be tricky sometimes, but basically lenders view credit cards and personal loans as unsecured debt. This is dangerous debt to a lender, and the more you have, the less you will get from them.
Say you…[Read more]

Personally, you should go to a property manager you really like, but go to their principal. Explain that your not happy with all the added charges, and you want to pay a flat fee.
Tell them that they have more to gain as their rent roll will be worth more, and you can only speak about this to the principal, as the property manager is not…[Read more]

there is a community which aims to help investors and link up people with the same interests.
The contact person in perth is anita ottobrino, and her email is ottos@aapt.net.au.
She is currently overseas at the moment though, so the best thing you can do is go to http://www.888abundance.com.au, and have a look at the young at heart propery…[Read more]

Well done, i bet you worked very hard to save that money. Thats awesome just on its own, and good on you for not wanting to waste it and create a life for yourself through property. I started at 17 myself, and it has only done me favours.

First thing you should do is go into your bank, and ask to speak to the lender. If they dont…[Read more]

There is a group called Young At Heart Investors Community, which offer all the things you seek. It is a non profit community that are there to offer like minded individuals and real answers to any questions, and might be very good to start you off. Go to http://www.888abundance.com.au

Point of advice – go to a…[Read more]

I used a will kit because ill have to do a new one when i get married, which is in 6…[Read more]

While nobody likes paying fees, what the agent says is a fair point.

Why would you want to hire someone who is so quick to drop their price to get your business? Then it is extremely possible that that agent who dropped their fees, would drop the price of YOUR home just to get a sale.
Not just coincidence, I see it all the time. A very valid…[Read more]

Good luck,

Skye

Check with your state version of the real estate institute. I know in my state to operate like this, you need to be a registered real estate agent, and you have to do these courses that if you do them at the real estate institute, in my state, costs close to ten grand. Just to fulfil the legal obligations. This is why not everyone can operate…[Read more]

i was in a similar position myself, still kind of am actually, but you should hold on to it. Im assuming that if you sold, you would make a loss, plus selling is not a fun experience unless were in a boom!
Maybe if your certain that you wouldnt make a loss on one of them, just sell one of them to ease your burden. But only if your sure you…[Read more]

It is very important to have it all on paper, and for every party to know all their rights. You know the ‘horror tenants’ stories you hear on the news? These happen because it wasnt managed properly. Manage your investment well, no matter who is living in your property, even if it is your mother or your sister. Get it in writing!

Im not sure…[Read more]

i understand there can be a bit of fear when buying interstate, fear of the unknown, perhaps you want to think about using a buyers agent until you get to know certain areas? They will provide you with all the information everyone has suggested, and more, enabling you to make a better informed decision.
I know a good one if your…[Read more]

Hate to be rude, but it seems like your friend is blowing wind up your a$$. My guess about why she blew you off the next day is because she realised how much she exaggerated. Unless she is on an extremely high income, im talking upwards of 100k a year, there is not much benefit in holding negatively geared property. If your on a high income,…[Read more]

i just wanted to tell you to be careful about claiming business expenses.
I dont know about other states, but in my state, you have to be a registered agent to ‘carry on in the business of real estate, frequently trading’. This means you have to go do numerous very expensive courses. About 10k worth here in my state, just to fulfil a…[Read more]

I think whoever said it was right, there needs to be some sort on online thing. Seeing as we are all from far reaching parts of the country, it is going to be very hard to network.

I have some ideas of how it could work, and i would love to organise this, but is there the interest for it? The biggest thing it…[Read more]

Dont hate now, but my fiancee is actually a lender for a big bank, and their valuers always go inside the property.
But that doesnt always help, i recently did exactly what you did, reno on my property, got the valuer round so i would have more finance, but she valued it only 20k more! And thats after 18monthsfrom the last val, so she has…[Read more]

You have come this far, why stop now? Your halfway over the hill, just roll on down, and cash in on your patience!

And good luck with the council, dazzling!

it is located in a coastal town, and it is way up on a hill, so flooding is definately not a concern, but im worried that maybe it might be too sandy?
But people have been building here for years, there are not too many original homes in this town…[Read more]

I just wanted to point out that the law is the same in SA as it is in QLD, and i think you would find it is pretty similar right across the country. Its called the Trade Practices Act. Also, this law does not allow for intention. Meaning, if an agent unintentionally makes a statement, that causes you financial loss as a result of that…[Read more]

Obviously, you are so not alone here. I also have a parner not really interested in investing. it is my passion, and me constantly dragging him on.
my problem is, he is the high income earner between us, and yet when i tell him he cant spend his own money on rubbish, he gets a little cross, but once he calms down, he realises i am…[Read more]

As a real estate agent myself, ( i know i shouldnt be admitting this on this forum!![biggrin]) dont go around the agent to the vendor. This will only p!$$ the agent off straightaway, [grrr] and if there is a close relationship between the two, the agent will tell their client not to deal with you. AT ALL. trust me ive heard it happen to…[Read more]

Im 20, and i have two properties. Both are in a coastal town great for CG. One is a house, which we used to live in, but is now being rented out +CF thanks to a good purchase price, and the other one is a very negatively geared unit, which will offset a high income.
I plan on buying four more properties this year, and from then on, i want…[Read more]

I like your idea. Dont stress too much about tax, if your paying it, it means your earning money! Obviously, it would be good to minimise it, but i think that is a great idea to save money on rent, and still have an investment property.
Good on you for thinking creatively.
[specool]

I agree with having something short and punchy! But then again, how about incorporating two names i.e Mena & Golding Pty Ltd, so it seems as if you have been around forever. i dont know, its just a general impression i have that the two last names, makes it sound established.
Investment Central…
Maximena… [laughing] or Maxixenia -…[Read more]