My budget strategy is staying away from teh shops, unfortunately doesn't always work!! I did start writing down everything that i spent money on, it does make you notice the unnecessary purchases. My biggest unknowns are all the things that the chidlren are asked to pay for at school. There is not a single week when we are not asked to pay for…[Read more]

Hi Sounds very interesting, i will have to get out of bed early to make the 10 am start!! i live 3 1/2 hours away, but it looks like a worthwhile day. Will have to see if I can offload the three rugrats!cheersSonya

Sorry,Should have visited the site before asking the question..Sonya

Hi,What's the cost to attend?Sonya

I don't know the answer to that one. maybe the older posts will shed some light on it. I am sure that the house removal company would ba able to give you some idea as to whether a property that you found would relocate okay. Then check with your local counsil regarding building standards for the area where you wish to locate the house. There maybe…[Read more]

Try this link on ebay, not sure what style of house you're looking for, but this one has potential.http://cgi.ebay.com.au/Removal-House-Sale-Solid-3-bed-post-war-/180502581841?cmd=ViewItem&pt=AU_Real_Estate&hash=item2a06cad251

Have a look on ebay, there are usually one or two houses aeek on there for relocation, some go for as little as a dollar. these are usually ones that are on blocks of land that are being developed. Not sure how many there are in Qld, but may be worth a look.CheersSonya

HI i was looking at this option a while back look at some old forum posting, there are some good comments there from people who have 'been there, done that' Are you looking at moving a relocatable home or one that can be moved but was not purpose built for relocation? Some home do not transport well and you are left with expensive repairs to…[Read more]

HI, in order to be able to give any real help, we would need to know a bit more regarding what property price range you are looking at purchasing, joint income, etc. If you did buy a property and live in it for six months what would you do after the six months is up? That is would you be able to service the loan repayments as well as pay living…[Read more]

Hi D,I know how you feel there are lots of people who are willing to knock others and their efforts to 'get ahead'. I think it is Rober Kiyosaki who says to take and seek advice from those who are doing what you are doing or wanting to do. Maybe the knockers are jealous of your desire/ability/guts to get out there and have a go. if they are…[Read more]

If you own the property then you cannot claim tax deductions for things such as your interest on loan repayments, Whereas if you still have a mortgage on the property then you can claim your interest costs etc. you are better off having a loan against the property otherwise all of the rental income is classed as income with no costs to claim…[Read more]

One of the other 'benefits' of investing in lower socio-economic areas is if the tenants are on some type of Centrelink benefit then have the agent set up a direct rental payment, this avoids the tenant falling behind in rent. Costs 99c a fortnight, claimable and money well spent.

Fatboy, I have bought a number of my properties in ex housing commission areas. I have been reasonably lucky, one tenant has been in the property from the day that I settled over two years ago. The other haouse had a tenant who looked after the property, however, she had ongoing fights with the neighbours, police being called etc. Unfortunately we…[Read more]

Steve,Could you PLEASE STOP spruiking this link. YOu have not offered any reasonable of helpful insight or suggestions. This site IS NOT for spruiking yours or anyone else's business! (moderator note. The offending post has been deleted.  Please feel free to report posts like this using the abuse function at the bottom of each post.  Have a g…[Read more]

Further to previous post, the only broker that i met in the flesh was the one who told me i could not borrow any more money. Both of my other brokers are based in QLD, i live in regional NSW and other than my PPOR and newest purchase, i have not physically visited my investment properties.In this day and age with the internet, email, fax and…[Read more]

I was told by a mortgage broker 6 months ago that I was 'at my limit' as far as my borrowing capacity was concerned. i found a new broker and bought another, cashflow positive, property two months later. Unfortunately that broker has now gone into another area of finance. But thru this forum I have a new broker and had an offer on a duplex…[Read more]

From my understanding, you will only be able to claim the outstanding 60k loan not the loan amount from the IP. This loan cannot be transferred to your PPoR. I am sure Richard will be able to answer this question much better than meSonya

Hi i do not pay any extra for property inspections or reports, fees of between 6% and 8% for property management, one week letting fee and no fee for lease renewals. No additional costs for advertising the properties for lease.All properties are in nsw regional townscheersSonya

[A mitchell i am assuming (perhaps erroneously) that there was a typo in your post :'  that our hard-working husband can retire early. '

I would love to be able to buy in maroubra, however as a single mum with three children, supporting my children myself,  and only earning $57k a year, buying in maroubra is not an option for me. therefore i choose to buy the best cashflow positive properties that i can find, that allow me to be in the real estate market and earning some money…[Read more]