Total Members: 158,197

rudolph

  • rudolph replied to the topic Registering for GST in the forum Legal & Accounting 15 years, 10 months ago

    Hi RichardThanks for the infoRudolph

  • rudolph replied to the topic Registering for GST in the forum Legal & Accounting 15 years, 10 months ago

    Hi corhigThanks for the info. I have an ABN for the last 2 years but will now have to upgrade it to GST. Hopefully I can backdate the gst section to the original listing.Thanks againRudolph

  • rudolph replied to the topic Off the plan w/o finance pre approved (10 months) in the forum Hi Thinker

    Personally I 16 years, 6 months ago

    Hi ThinkerPersonally I would be looking for an off the plan in a high growth area in a small lowrise complex that will be ready in 18+ months. Held with a deposit bond. In doing it this way you can then get revalued before settling which would hopefully have increased in value so that you will need little or none of your own money to settle.This…[Read more]

  • rudolph replied to the topic Swimming Pools in the forum Help Needed! 16 years, 6 months ago

    HiStay with your original idea.Pools are a maintanence and insurance nightmare for rental properties.Toy can build a deck over the pool but tis will need a small submersible pump to get rid of surplus water that will get trapped. Otherwise you would need to break up the bottom to allow the water to escape otherwise it would slowly turn the soil…[Read more]

  • rudolph replied to the topic SRATA TITLE – UNITS???? in the forum Help Needed! 16 years, 6 months ago

    Hi Petehow long is  a piece of string. Costing will vary depending on council requirements. you need to check the LEP with council. Most council will require a fire proof wll between each unit, separate power (some separate water) 1 or 2 carparks per unit. We are just finishing one in Armidale in NSW 4 x 2 for around $20,000.Hope this helpsRudolph

  • rudolph replied to the topic Buying a brand new house … in the forum Hi Do you need a building 16 years, 6 months ago

    Hi Do you need a building report depend on how well you trust the builder with your money. I know with some builders I would definitrly get a report. What is a couple of hundred dollars compared to your investment and peace of mind. rudolph

  • rudolph replied to the topic Retirement homes in the forum Help Needed! 16 years, 9 months ago

    Hi JuliusAs tyson said they are a reasonable earner, but banks dont like to finance them because they are usually less than the magical 50m2 area.Rudolph

  • rudolph replied to the topic Interest Only Payments in the forum General Property 16 years, 9 months ago

    HI wezwazAs far as I am aware you certainly can. this allows you to build future deposits for IP faster. Some advisors actually suggest that you will progress faster if you do it this way. As you will acquire more land to have capital growth on and this will be more beneficial than the extra payments off your home loan.  i'm no expert but this is…[Read more]

  • rudolph replied to the topic Advice needed regarding 2nd mortgage? in the forum Hi Jaz/Chris
    Dont be sorry
    16 years, 9 months ago

    Hi Jaz/ChrisDont be sorry for asking question. I'm no mortgage broker but I would ask your current financer to up there mortgage on your current property, even dare I say pay mortgage insurance to get a 90+% l/v. You can then use this extra cash as a deposit for your home. Some financers will treat it as a separate loan which makes tax time easier…[Read more]

  • rudolph replied to the topic Did i get a good deal? in the forum Help Needed! 16 years, 9 months ago

    Hi7.27% is not the real rate when you take into account the $300 annual fee (this is a bit rich I would querie this as mortgage companies are looking for new business).IO is the way to go as  you have more chance of being cash flow positive. It also frees up extra money to put towards your next ip or improvements to this one.IO dont decrease the…[Read more]

  • rudolph replied to the topic starting investor ideas please in the forum Help Needed! 16 years, 9 months ago

    Hi Yes you are right you would have a higher interest payment but remember this is offset by your rental income. I you were to sell you still have to live somewhere and pay rent so the extra $350 + per week disappears with no capital growth.  If you want to rent that's fine Also rent your PPoR then it becomes interest deductable and also can…[Read more]

  • rudolph replied to the topic Just want some input on when should l put in this offer? in the forum Hi MKC
    It could be a bit
    16 years, 9 months ago

    Hi MKCIt could be a bit soon but I would still put in an offer after some research.have you talked to the agent  about reasons for sale is it urgent moving to a new job building may like to rent it back for a while etc . Get as much info as you can. Then research the area well with the seling agent so that they know that you are a serious buyer.…[Read more]

  • rudolph replied to the topic starting investor ideas please in the forum Help Needed! 16 years, 9 months ago

    Hi Chris.Is the reason for selling just to get into investing? If so have you thought of getting a valuation done on you ppor and if there is enough equity the arranging for your mortgage to be renegotiated to the higher amount then use this increased funding as a deposit for your next IP. This way you will have greater property value to get…[Read more]

  • Hi after reading your last comment I am concerned that you think you need to sell to invest. Have you investigated no doc loans. Some lenders will give these out with up tp 70% lend if you have an ABN ( these can be obtained over the net with no delay) Some lenders  require you to have this number for several months but others have no time limit.…[Read more]

  • rudolph replied to the topic Interstate Investing in the forum Help Needed! 17 years, 9 months ago

    Hi Kevjosh
    We have held the property for 20 months in that time the value of the property has increased by 23% (12+% pa) and a net income return of 5.7% (after tax) The dark side of my investments are my -ve geared properties,
    rudolph

  • rudolph replied to the topic Interstate Investing in the forum No Subject 17 years, 9 months ago

    Hi kevjosh
    We have a dual keyed apartment in Cairns and am very happy with its capital growth and return. $10,000 +net before depreciation really helps support the dark side of my portifilio
    rudolph

  • rudolph replied to the topic Just starting in the forum Help Needed! 18 years, 1 month ago

    Hi
    just 2 quick points.

    Most of these units are under 50sq metres and finance can be a big problem.

    I think demand will increase very soon with our aging population so prices must improve big time[biggrin]

    Peter

  • rudolph replied to the topic STUDENT ACCOMODATION INVESTMENT in the forum General Property 18 years, 7 months ago

    Hi MIKALA
    We have student accomodation on the Gold Coastin a complex of 65 3bed with ensuite units power included Pay extra for broadband connection. complex has pool and gym included. The complex is managed and caters mainly for overseas students. They charge $140 pw. I think the idea is good the downfall is you are very reliant on the manager’s…[Read more]

  • rudolph replied to the topic Interview the person below. in the forum Help Needed! 18 years, 7 months ago

    You should already be doing it through voluntary work in the community via sporting groups, Rotary Apex etc

    My Q Why should you have loans with different institution instead all with one

    Peter

  • rudolph replied to the topic Rockhampton, Qld. in the forum Help Needed! 18 years, 8 months ago

    We have just bought two properties in Rocky after discovering a very tight rental market when our son was looking for a unit to rent. It appears that the tight rental market is due to the opening of the new meatworks and the boom in mining. Our properties are also within walking distance to the Uni providing us with the opportunity to rent by the…[Read more]

rudolph

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