Another awesome conference. Thanks so much for your generosity providing a great night at the gala dinner on Saturday night. It was great to be part of the video and hope the team remain safe and well in Florida. The three days were energising and cant wait to get started with STEPS. I met some great people to add to my network and…[Read more]

This is just my view, based on my circumstances as I already have a number of properties outside SMSF, so have chosen a more balanced approach with CFD's, FX, shares, bonds, and some…[Read more]

1) No one has a crystal ball, so what you buy for today bares no reflection of the value tomorrow, It could be less if there is more supply…[Read more]

Rather than giving you a direct answer I think you do better if you come up with the answer to these questions yourself. I am not trying to be a smarty, but rather to suggest you go back to the start of the process in helping you decide the suburb and the area you’d like to buy into. To do that you will need very clear list of what you…[Read more]

Great that you are able to move back in with your parents.

You did not mention whether this loan was secured by anything i.e. a car, boat, something tangable. If you are really keen to get into the property market I can see you may want to keep additing to that 7k. I have some suggestions you might be able to consider.

If not and you…[Read more]

On a 20% deposit this one is roughly a 20% gross return on your cash dep which is not too shabby. Have not taken into account rates or…[Read more]

I have to say I am not fan of off the plan properties at all. This is just me as I think there is more potential for issues can arise.

The Perth market as you know is going gang busters. Realistically its not going to continue at that pace forever.

Look and compare what has happend in some other market. Not so long ago Sydney was flying…[Read more]

I would suggest this sound to be more of a business than an investment, but might prove a good investment in the long run adding value to you rural property.

I would suggest you talk to a good accountant who has experience with rural property, as well as many people that can advise you tha may have similart rural properties to what you are…[Read more]

I grew up in East Ryde and my parents still live their and attended the meeting that ended up decided to stay with current name.

I think the case of East Ryde it will make very little difference to valuations. Why? I do not think much will change in East Ryde (All houses, no units, no ability to DA a sub-division or create duplexes)

I…[Read more]

This is a forum about property investment isn’t it? Have they got the name wrong in calling it propertinvesting.com

Cheers
Simon C

Where in Sydney are you getting or seeing a better yield?

Cheers
Simon C

You also have to look where is it and under what scenario they buyer paid the price and was it fair value. Plenty of buyers were paying well over valuation to get what they wanted or simply get into the market in hope the market would keep rising.

I…[Read more]

While this is his site and I am not plugging the books because I am not this site I read both the Steve McKnights books and found them credible, easy to read and understand and there in some inspirational stories in the second book.

What they did for me is turn my thought process around, as I though negative gearing was the only way…[Read more]

Looks interesting. Are you a member? I am wonding what else it has besides the ability to default and search.

If they have a large database of users may be useful, but wonder how well its know and how many members use it, More the better obviously, but never going to be the equiviliant to the what RE property managers have access to.

I…[Read more]

It is not a bad suggestions to stay local. Even thought the Perth market is booming, there are still pockets or opportunity, and you could even consider north or south or Perth.

I reside in Sydney, but have read a number of articles in Aust Prop Investors magazine about areas north and south or Perth. Even some bargain areas not to…[Read more]

Just to add to Josh-Prestigeloans sensation post, and in particular cross-collateralisation, it can get trick, and also restrictive, or less flexible.

If you have one or more properties securing others, and for some reason you may need to sell a property securing another property, if your valuations do not stack up you could find…[Read more]

Sorry to hear about the awkward situation. As your flatmate has not renewed the lease, the lease is most likely what is referred to as a “periodic” lease.

Try checking out some information about your rights at the Office Of Fair Trade web site:

http://www.fairtrading.nsw.gov.au/realestaterenting/tenantslandlords.html

If you are…[Read more]

I can give you my thoughts (have been investing in property since early 90’s) is ou can proivide some more information.

1) What is the weekly rent
2) What are you being offered the unit for (want to check your 4.75% yield claim)
3) What is the body corp
4) What are the rates council rates
5) Are you borrowing the lot or putting a…[Read more]

Like the question. Easy one for me to answer. The way I’ll do this is not with a number of any sort. As you point out property numbers are not important. In my scheme of things, they are not even relevant.

My first target is intially to “equal my current gross salary by using low and/or no cash down techniques to drive diversified property…[Read more]

I’d have to agree, worse to come, but the economy moves in cycles and you have to move with it. Good management is key!

It is unfortunate some people are getting themselves caught up in difficult situations. Working in credit and risk myself I question the banks generosity, and then realise its a business to them. If you do not pay they will…[Read more]

Movement of interest rates are inevitable, wether up or down. For what its worth I believe rates will continue to rise as we seem to be under continual inflationary pressures at present with more to come. I think there is some potential for a spiral effect and I do not envy those making the decisions. Not a lot of margin for error in…[Read more]

I ended up living the dream when I finally bought a white EF XR8 back in 97.

I now have a 2003 Black Ford Falcon BA GT and the wife a 2004 Black Mazda 6 Classic.

So whats new at PI.com and what can one expect to see moving forward in regard to your direction?

I have attended one of the masterclasses last year and found it enlightening as well as a great way to network. I was also wondering what may be on your agenda for 2007 as I recall you intend to spend more time with the family in 06.

Cheers
Simon

Missed that one, where was the announcement?

Cheers
Simon

Nice little portfolio BTW, Congrats.

One thought I had was suggest you discuss with your accountant and/or mortgage broker. Maybe you need to look outside of the big C or perhaps your broker or a well connected broker can unlock some better avenues to get the Big C to see you in a different light!

The post suggests to me you…[Read more]

Just curious as to your main driver to sell it to a trust. I understand the many benefits you can get from a trust structure as have that structure myself as plan one day to move IP’s to an SMSF should super tax concessions remain as they are now.

I had started our buying IP’s in my name and now moving to buying within a trust…[Read more]

You’d use the equity loan to fund deposits by gifting it to the trust, and borrow 80% against the property you have chosen.…[Read more]

Ironically I am looking at the same same process also in North Ipswich with an exact same size corner block.

Your first step is to contact Ipswich City Council and discuss with a planner for you area. They will tell you if your block is subdivideable and also give you some idea on the ease based on where the sewerage is on the…[Read more]

They were aparently well researched and possibly have contacts with a major mine company. They were aware the rental vacancy rates was around 25% at that time,…[Read more]

Quantifing the reason you want to invest in these area may also help deside if its a good idea or not. I personally think they provide income opportunities for investors more so than capital gains as do own investments in some mining towns that return healthy yeilds. However, I do not expect significant capital gains even in the medium…[Read more]