What sort of property is it and what price are you looking at listing it for? Perhaps you could get some market values from a few different agents, decide what price you would be happy with and put the details on thsi forum. you may be able to sell it without paying any agent's fees. Could eb a much better proposition for you. There are obviously…[Read more]

The government may shoot themselves in the foot with this one, like they have done in the past when they have changed investing rules. they may find that MANY property investors ditch all their properties leaving  far fewer rental properties for people to rent. the government does not provide enough affordable housing adn rely on property…[Read more]

i just bought a property in Gunnedah on 90% LVR settled last monthcheersSonya

Be wary of people who are pushing their own barrow encouraging you to pay big money for their 'guidance' and /or encouraging you to buy their properties.This forum can probably offer you way more information, perspectives and combined experience than any 'mentor' and best of all its free!!cheersSonya

Have you followed up on how interested the property manager is in taking people thru the proprty? Have you got  a friend who is able to 'mystery shop' for you? is the agent willing to show the property after hours or on weekends, whata re they saying to prospective tenants? the only real way to get a definitive answer is to have someone play the…[Read more]

yes, but if you have bought well the value of your property will increase and the rental income will also increase so in ten years time the loan amount becomes a much smaller percentage of the original purchase price. the equity allows you to buy another property or two. my strategy is to buy and hold, never sell, when I am happy with the number…[Read more]

Hi DWolfe, there are a couple of properties that I am looking at in Victoria. My best performing properties are in Gunnedah. My first was purchased two years ago and the most recent settled last month. Bought for $185K and rents for $230 per week.Alchemist, have some look at posts by experienced investors such as Richard who is also a mortgage…[Read more]

YOu would also need to deal with the body coprorate to get permission to make structural changes as well as getting an engineer to assess the wall to ensure that it is not a loadbearing wall. This would all need to be done before applying for  a DAcheersSonya

Bullet head nails rust and work loose, galvanised nails do not rust and tend to stay put better.

Alex, those returns are also woeful for an outlay of $100k. I bought a house in a good size regional town for $80K and rent it for $145/ week. Another property in a larger rural town bought for $120k rents for $175 per week. Perhaps you need to decide what your aim is, are you wanting an IP or something that may become your own PPOR, the criteria…[Read more]

Hi YI, would you be willing to elaborate? i ahve been looking at a couple of towns, but not having much luck find CF+ properties.cheersSonya

HI, i also had the same feeling as you that having more people contributing to mortgage payments should be seen as a positive, however, the banks don't see it this way. i don't know what their reasoning is.i had looked at buying a block of six units that were VERY poditive cashflow with long term (15 plus years) tenants for a price less than the…[Read more]

My understanding is that many lenders will only allow lVR of 60% or lower, so you will need a sizeable deposit. Banks don't appear to like multi unit properties.cheersSonya

Hi, i have started looking at Victoria for property and am having trouble finding cashflow positive properties, something that i found a bit easier to do in NSW by buying in large rural areas.Am i missing something or is a lower return on investment the norm in Victoria?Thanks Sonya

The government were talking about decentralising businesses, i have no idea whether they have done this, but i would think that it would make sense to reduce the number of vehicles that need to travel to the city. With many businesses such as telstra and water and electricity companies operating via call centres they don't need to be located in…[Read more]

i speak to local councils to find out what developments may be planned for the area as well as what the different employers are in the area. Steer clear of towns that have the majority of their residents employed by one big employer such as mines. if the business closes you lose tenants fast.i also speak to property managers before the sales…[Read more]

Hi,i have managed to find my properties via the internet, I haven't visited any of my properties. Do your research on the areas and crunch the numbers. I have bought in large regional areas and have developed a good relationship with some RE Agents who keep me in mind if they think a property suits my criteria for purchasing.CheersSonya

Did anyone see the current affairs show tonight where John Symonds was saying that anyone that already owns a property (or two) is in a much better financial position than those yet to get on teh property merry go round. he said that property is heading the way of America where people rent for life because they can't afford to buy a…[Read more]

thanks for the message of support Tom, i sometimes wonder whether I am treading the right path. But i have tried forex trading with some success then the proverbial hit the fan with the GFC and shares make no sense to me at all. So i will continue doing what i am doing and look forward to a debt free life sooner rather than later.My children and I…[Read more]

HI i bought my first proeprty at 23 when I was still living at home and in conjunction with my twin brother. Unfortunately that property and another house were casualties of my divorce. I am now 41 and had to start again after the divorce. Now in the past three years I have bought my PPOR, three iPs and looking for another one. I have bought…[Read more]