https://www.propertyinvesting.com/members/sonyasal/activity/ Activity feed for sonyasal. Sun, 12 Apr 2026 05:06:39 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 60a2466ee0d5b4434a9af8e79cb35095 https://www.propertyinvesting.com/topic/4404896-is-it-ok-to-buy-in-rural-areas/#post-4656979 Mon, 10 Oct 2011 09:16:27 +0000 I have two houses in Gunnedah – my best properties, one house in Forbes and flats in Leeton

]]> 8f5dfb24c61c795c671d4df34f608e17 https://www.propertyinvesting.com/topic/4404877-price-of-built-in-robes/#post-4656849 Sun, 09 Oct 2011 09:50:10 +0000 If you go to Bunnings they have a display with all different configurations of shelving, drawers, hanging space etc. They are all priced so you can get an idea how much it will cost for the layout that you want. Again I have no idea how much it would cost to have it installed. But if you are relatively handy I think it may be fairly easy, siimilar…[Read more]

]]> b2d29dcc7e1dc6e57ce082d795f3b2a6 https://www.propertyinvesting.com/topic/4399909-my-renovation-challange/page/2/#post-4624388 Sun, 09 Oct 2011 07:51:04 +0000 Emma, you may have more luck getting feedbakc form people who have 'been there, done that' by starting your own new thread. As you have noted the original author of this thread hasn't commented for a while. But there may be other people on the forum who have also completed or avoided similar renos.Cheers Sonya

]]> 06be2c7a3591353d86abd4e40aa52856 https://www.propertyinvesting.com/topic/4399722-anyone-know-a-good-property-manager-in-wagga-wagga/#post-4623239 Sun, 07 Aug 2011 12:18:46 +0000 I would be ringing the agents as a potential tenant to see whether they return your calls, what advice they give you etc. Because how they do these things is a pretty good indicator of how well they will first of all veto unsuitable tenants, how they will promote your property to potential tenants as well as what info they give to potential…[Read more]

]]> 29e95175be047775aced43b028616519 https://www.propertyinvesting.com/topic/4403417-advice-needed-for-someone-new-to-property-investing/#post-4646361 Sun, 07 Aug 2011 12:15:07 +0000 I agree with Richard, i have had dealings with a mortgage broker who had no idea regarding cross collatorilising ( not sure if i spelt that right) he kept pushing me towards loan products that were completely unsuitable for what i wanted to achieve with my investing. YOu really need to find out what investing experience they have before you…[Read more]

]]> 0cba85bb1d96d5b935e126af50056233 https://www.propertyinvesting.com/topic/4404383-advice-on-who-is-responsible-for-damage-to-property-pm-or-lying-tenant/#post-4653408 Sun, 07 Aug 2011 12:07:24 +0000 I had a property where the tenants bolted and left the property in a terrible state. my new property managers insisted that the previous property managers had to organise and pay for the repairs to the property as they were negligent in their 'property managment' a term i use very loosely!!!! Although it did take some time. The previous PM did…[Read more]

]]> ef2b236bb32b4f0a96c836c5a2a5aecc https://www.propertyinvesting.com/topic/4403938-how-to-reduce-debt/#post-4649899 Fri, 24 Jun 2011 13:00:39 +0000 what loan structure do you have?are you paying principal and interest or interest only? Are you claiming depreciation?

]]> 2370290ed866972130c60e05378b1d3f https://www.propertyinvesting.com/topic/4404013-should-i-sell-or-sit/#post-4650327 Wed, 22 Jun 2011 12:04:13 +0000 Sara, i would agree that you need to get as much advice as you can from legal aid and make sure that you are not giving away your hard earned cash. i made the stupid decision to let my ex basically 'run the show' when we divorced and i have regretted it ever since. My understanding is that you don't have children, but you still have a financial…[Read more]

]]> 89e730f256b4b578aec36e9b2f2d6802 https://www.propertyinvesting.com/topic/4399212-are-real-estate-agents-sexist/page/2/#post-4619952 Mon, 28 Mar 2011 08:56:16 +0000 I would be trying to determine whether your offers have been given to the owner. If possible write a brief letter to the owner and address it directly to them at their address. If these offers have not been submitted, both you and the vendor can lodge a complaint to the real estate board in your state.good luckSonya

]]> c6005010abfc7afa167769878226c79f https://www.propertyinvesting.com/topic/4401312-property-investment-in-albury-is-it-worth-it/#post-4632585 Sat, 26 Mar 2011 08:46:26 +0000 Lambchop,Whenever i a m looking to buy an investment property I call a number of real estate agents and ask to speak to their property managers. You can find out what areas of town they would not put tenants into., what areas have the highest demand, what type of property are most sought after as well as any other 'tricks of the trade' to attract…[Read more]

]]> 136fa13621b23563a6f39b2506a19cb8 https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/8/#post-4626689 Wed, 16 Feb 2011 10:41:22 +0000 I think one of the best ways to address the 'affordable housing shortage' is  by encouraging people to realise that you don't have to live in an expensive city. There are some great, large and even smaller regional towns that have fantastic homes for much cheaper prices than those in the city. When i divorced four years ago i couldn't afford to…[Read more]

]]> 5179c916d0dd0ec9e57dbb7743ead422 https://www.propertyinvesting.com/topic/4402502-solar-energysolar-hot-water-whats-the-best-options/#post-4639936 Thu, 20 Jan 2011 12:31:30 +0000 I have just had solar panels installed, i only have six panels on my roof, but they are producing more electricity than i use. i also recently replaced an electric hot water system with a natural gas system, i am currently waiting for my rebate from the nsw government for the installation of the gas hot water system, from memory about $500.I went…[Read more]

]]> 4ae7eb7b5c570e16c76c9958471bc5fa https://www.propertyinvesting.com/topic/4402514-do-you-think-student-accommodation-is-a-good-investment/#post-4640011 Thu, 20 Jan 2011 12:18:27 +0000 HI, i have been looking at buying an old nursing home that has a large kitchen 16 rooms and a number of bathrooms and setting this up as student accommodation. Any thoughts? My niece is off to uni this month and her accommodation costs are $200/week with 4 other people in a five bedroom townhouse, this includes utility costs.She is responsible for…[Read more]

]]> df4cff2cf0680ea0bd0699d4bfbee718 https://www.propertyinvesting.com/topic/4402474-best-way-to-buy-neighbours-property/#post-4639788 Wed, 19 Jan 2011 02:10:48 +0000 Make sure that everything is done 'above board' don't try to rip her or her family off. If you have known her for a while and have actually been 'neighbourly' she may be more receptive, than if you are just 'business oriented' and have had no previous contact or conversations with her.May also be good to speak with her when her family are present…[Read more]

]]> 26602a568ea00d746746a9d055055dee https://www.propertyinvesting.com/topic/4402471-help-short-term-tenant-refuses-to-vacate/#post-4639782 Wed, 19 Jan 2011 01:57:33 +0000 BTW, has she vacated yet?

]]> 152403378481db3eca5ee6cfd8e431bc https://www.propertyinvesting.com/topic/4402471-help-short-term-tenant-refuses-to-vacate/#post-4639781 Wed, 19 Jan 2011 01:57:08 +0000 be careful with regards to recording phone conversations. When i was going through a nasty divorce i recorded conversations that I had with my ex when he was abusing and threatening me as 'evidence' of his behaviour and attitude to me, his children and the court orders. i was told by my solicitor that unless I had his permission to record the…[Read more]

]]> 43210c0acfc4bcb62de6af9eb97cce8a https://www.propertyinvesting.com/topic/4398246-2009-how-did-you-do/#post-4614016 Tue, 11 Jan 2011 09:26:11 +0000 Bought another Ip, this time two flats cashflow positive. Bought in a trust structure this time, all new experience.Downside, bad PM ( i use the term very lightly) allowed one of my properties to get into a disgusting state of disrepair and filth, did not even know that the tenants had done a runner until i complained for the umpteenth time about…[Read more]

]]> f322357f1c1d97af3e090eddd7076b2e https://www.propertyinvesting.com/topic/4402223-17-year-old-interested-in-property-investing/#post-4638363 Thu, 23 Dec 2010 12:41:22 +0000 Clappy,you can still find cashflow positive properties in large regional areas that only require a relavtively small deposit. This can then allow you to earn an income to put towards purchases in larger towns or cities.

]]> 7a6c5f899ff84f93b27529324d4c922d https://www.propertyinvesting.com/topic/4402160-trashed-house/#post-4637977 Sat, 11 Dec 2010 12:58:54 +0000 i will keep you updated regrading everything to do with my property

]]> 8766a158e3ac9405ae39a3272aa31c6d https://www.propertyinvesting.com/topic/4402160-trashed-house/#post-4637972 Fri, 10 Dec 2010 23:51:11 +0000 I have spoken with the new property manager this morning and she has taken the owner of the previous RE to the house this morning and told him that it needs to be cleaned up ASAP at the RE's cost. This should be done this week. Also she has advised me to speak with the previous RE to organise for them to lodge a claim with the tribunal to attempt…[Read more]

]]> 058fda58ae301403a75b2b829796fb21 https://www.propertyinvesting.com/topic/4402160-trashed-house/#post-4637969 Fri, 10 Dec 2010 12:19:51 +0000 No, Landlords insurance does not cover week to week leases. The previous property manager was next to useless and when she left or was fired the RE agency could not secure a new PM, so as a result tenant was not followed up for unpaid lease or unpaid water and as i said they only realised she had gone when i complained about unpaid bills. The…[Read more]

]]> 38fb4758a27a644299f50466298a825a https://www.propertyinvesting.com/topic/4399909-my-renovation-challange/page/2/#post-4624382 Thu, 09 Dec 2010 10:10:08 +0000 This looks fantastic, you would not know it was the same house. I wish i had the knowledge, skills and bravado to take on such a reno. I hope you achieve a great return.I ams tressing about the condition my property has been left in by a tenant that has done a runner and apparently left a mess, three months and the 'property manager' staill hasn't…[Read more]

]]> cd81bfbff2b2b9ad182d1a149b038444 https://www.propertyinvesting.com/topic/4401767-are-these-quotes-reasonable/#post-4635478 Fri, 05 Nov 2010 11:13:20 +0000 From the post I thought that the total area of each town house is 250m2 not 250m2 on top and bottom.

]]> ebaa777ddbacdd11496ec0987cfc7339 https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/4/#post-4615459 Thu, 28 Oct 2010 10:23:49 +0000 Thanks D and Crest, I haven't been thru the property as i live in griffith, still have not heard anything more from pm. have had a reply from another RE agent regarding either selling the property or for them to take over the managment of the property. Will have to follow up with the current pm tomorrow to see if they have any answers for me.

]]> 31f16cd725c521fd887f3fe03df8d504 https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/3/#post-4615455 Wed, 27 Oct 2010 11:45:32 +0000 Property manager is Elders Real estate forbes nsw.I was livid today when i spoke to the new 'property manager' she was very non commital and didn't appear to think it was 'such a big deal' that the tenant had left and the fact that it appears to have been quite a while ago.What really irks me is that people seem to think that if you have an…[Read more]

]]> 009c510dd9b1e4bc65ecfb7d1d1b5d49 https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/3/#post-4615451 Wed, 27 Oct 2010 08:17:57 +0000 Received a phone call today to tell me that my tenant has done a runner leaving a water bill of ove4r $150 and owing over $900. When i asked how long it had been since the tenant had paid rent i was told "they haven't been in since 29 SEPTEMBER!' When i questioned why they had not followed up on the rental arrears before now they could give no…[Read more]

]]> 2f9ea768cd23846cd81305d5291bfe40 https://www.propertyinvesting.com/topic/4401530-once-you-find-a-property-what-checks-do-you-do/#post-4634199 Mon, 18 Oct 2010 09:03:25 +0000 If you want to know good areas to buy for strong rental appeal speak to the property managers not the sales agents. The PMs are the ones that deal with the property on an on-going basis. They can tell you what the renters are looking for, size, number of bedrooms areas that are popular etc. If you find a property that you like speak to the PMs…[Read more]

]]> d128576a5dbf725e149d21be3ae51d00 https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634075 Mon, 18 Oct 2010 08:53:35 +0000 You could always accept the current loan that you can get and then refinance in one or two years time when the farm is more financial to a loan with a lower interest rate. If you choose to go this path make sure you are fully aware of any penalties or extra payments required to pay out the loan earlycheersSonya

]]> b2c1ba4e1bb923b52ee8fcd11aff1361 https://www.propertyinvesting.com/topic/4399212-are-real-estate-agents-sexist/page/2/#post-4619948 Thu, 07 Oct 2010 08:21:11 +0000 i had to laugh when i recently had a 'vacuum cleaner' demo at home. The young demonstrator asked if 'hubby' was going to view the demonstration. When i said i didn't have a husband he then asked if i had the landlord's permission to  have the demonstration. When i replied that i owned my house i was met with an incredulous look that i could do…[Read more]

]]> f79cc4296e432f7bf99b73896a04ee01 https://www.propertyinvesting.com/topic/4395673-rhg-exit-fees-16000-help/page/2/#post-4600832 Thu, 07 Oct 2010 08:15:15 +0000 Major banks aren't much better, i got royally screwed  by westpac when i refinanced my mortgage.

]]> 864c02e9b6b8100f2cc3ff0e033005f1 https://www.propertyinvesting.com/topic/4401375-newbie-to-propery-investing-with-a-what-would-you-do-question/#post-4633302 Sat, 02 Oct 2010 12:20:52 +0000 Given what you have said, you have a good deposit to buy one or two properties in a city or you may be able to buy four or five properties in larger regional towns. There are a number of towns that are currently promoting themselves as good areas for people to relocate to from the large cities. these may be great areas to buy into now. Do your…[Read more]

]]> a45e5e65e5460d898baa82e15d12d7f4 https://www.propertyinvesting.com/topic/4401207-any-property-left-for-average-wage-earners/#post-4631941 Tue, 28 Sep 2010 03:38:13 +0000 hi Wynyard,As mentioned above there are options and regional areas do not have to be tiny little towns with no employment prospects. i live in a regional town of 25,000+ I bought a three bedroom, two bathroom double garage house that was only 8 years old for $270K and there are other similair properties around a similair price still available. I…[Read more]

]]> 6155f8b4647d7cc86bcde050540fa1d1 https://www.propertyinvesting.com/topic/4401285-margaret-lomas-books/#post-4632408 Fri, 24 Sep 2010 08:55:46 +0000 Hi I have many of margaret Lomas' books which i think are great. I actually got the access to her site from the back of a book that i initially borrowed from the local library. I went on to buy this and otehr books by margaret. Try your local library they usually have her books.

]]> 93cca01bba1c3e1d4ee5091224666b71 https://www.propertyinvesting.com/topic/4399212-are-real-estate-agents-sexist/page/2/#post-4619943 Fri, 17 Sep 2010 04:22:13 +0000 Roxie Springs you make an interesting comment. A flatmate of mine from a few years back is a very successful lawyer and always dresses very smartly for work. However, when she goes shopping she often goes home, has a shower and puts on her daggiest clothes as she prefers to look for clothes without pushy shop assistants. They take on elook at her…[Read more]

]]> e33426cc6f3a79a8a5e0bfcd29100ae2 https://www.propertyinvesting.com/topic/4401147-finding-the-owner-of-a-property-bypassing-the-agent/#post-4631582 Fri, 10 Sep 2010 09:44:47 +0000 Just something to be aware of, did you inspect the property when it was listed for sale? If so the agent can claim that they 'introduced you' to the property and impose their commission on the vendor. So the vendor  may still want a higher price to cover these costs. I am not sure how long after the property has been taken off the market the…[Read more]

]]> e0b611c0b2177d52f5a7c75ada1f124e https://www.propertyinvesting.com/topic/4401091-has-anyone-bought-an-ip-without-inspected-it-in-person/#post-4631197 Thu, 02 Sep 2010 11:31:19 +0000 Hi I have bought three of my IPs sight unseen. I have been happy with my purchases and as mentioned above do all of your due diligence, Having a property inspection bulding and pest is very important. In fact having these done can also take the emotional side out of the purchase as these are based on fact.

]]> 4a695b7a57cfc443dd87075009e5eb06 https://www.propertyinvesting.com/topic/4400884-tenants-demand-cheaper-rents/#post-4629923 Sun, 22 Aug 2010 07:44:54 +0000 A blow ouot in available rental properties and lack of tenants was inevitable with the bgross over supply of properties combined with inflated prices for interestate investors leading to negative equity and forced sales after the GFC. Rentors are the ones with the balance of power not as opposed to landlords when there is a limited supply

]]> 587e9418b8b45c2ca9d07ad11d5098ca https://www.propertyinvesting.com/topic/4400896-investing-interstate-exaggerated-stamp-duty/#post-4629981 Tue, 17 Aug 2010 11:25:27 +0000 you can also use the stamp duty calculator on the realestate.com website. One benefit of buying in a number of different states is avoiding paying land tax when land values exceed each states free threshold

]]> 0d0c5fa2bac1b5dfbf1a3bd453fe0be6 https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/4/#post-4626616 Tue, 17 Aug 2010 11:21:15 +0000 i bought it thru Pow wow, even better it was heaps cheaper than what the ex paid for it when he bought it a few years before.www.powwowevents.com.auMy kids love it, especially my youngest daughter who always kicks my proverbial!

]]> 3e5a115e794898ed64440d008c8aeb8e https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/4/#post-4626614 Tue, 17 Aug 2010 11:05:44 +0000 Hey what is it with having kids and  a menagerie. I have a son, twin daughters, a dog, rabbit and six cats and we are all barking mad. My kids are learning about the difference between having a house and a home as they have been with me to inspect properties for sale. They also all beat me at Cashflow for Kids, which is  a bit sad for me but g…[Read more]

]]> 7fee91263ecc5291695f59512dd6166d https://www.propertyinvesting.com/topic/4400654-is-my-tax-accountant-charging-too-much/page/2/#post-4628628 Fri, 13 Aug 2010 10:21:17 +0000 i have just had my tax done, i have four investment properties and am a single parent of three primary aged children, i do not have my income and expenditure on a spreadsheet. My account for having my tax done this year was $250 with over $4,000 tax return

]]> e2407ecf0d1fdcf7f10a691c947df532 https://www.propertyinvesting.com/topic/4400689-is-now-a-good-time-to-buy-an-ip/#post-4628823 Tue, 03 Aug 2010 11:54:44 +0000 margaret Lomas has some good books that offer advice relevant to australia.

]]> 0560a4ffd16addbae87c97930132ddcb https://www.propertyinvesting.com/topic/4400698-this-is-must-see-for-iphone-users/page/2/#post-4628893 Tue, 03 Aug 2010 10:40:12 +0000 too funny kooz!!

]]> 33db74f6f049316bb9b7a14a8f23d63e https://www.propertyinvesting.com/topic/4397456-shared-ownership-housing-in-australia/#post-4610028 Fri, 30 Jul 2010 12:07:53 +0000 My brother and i bought a property together and then seven years later i bought him out. As ai recall i did not have to pay any stamp duty etc. We got three valuations of the property and then i paid him his share. Bear in mind this was about eleven years ago so my recollection may be incorrect

]]> ec3ded29ef10ddfd82b2b75a17d4fe06 https://www.propertyinvesting.com/topic/4400698-this-is-must-see-for-iphone-users/#post-4628878 Fri, 30 Jul 2010 10:14:27 +0000 another interesting site is walkscore.com where you input the address of the propperty and it rates the amenities that are withing walking disatce, the higher the score the better.

]]> c8b4b83d04e74d0f60dde5a9fae712dd https://www.propertyinvesting.com/topic/4400680-much-needed-advice-2/#post-4628744 Tue, 27 Jul 2010 11:10:57 +0000 Your plans will also depend on how much you  have in savings, where you wish to buy and what price properties are. Also, does your partner intend to return to work, and what would be the time frame for that?Are you currently paying an interest only loan or a principal and interest loan on her property? is the property in both names or her name…[Read more]

]]> dcfa5cdd1e7439f55c178a5cd822f92d https://www.propertyinvesting.com/topic/4399909-my-renovation-challange/page/2/#post-4624371 Sun, 25 Jul 2010 12:44:41 +0000 Wow, you have been busy!! The kitchen is looking great, keep us updated.

]]> 36239cb25222011609a6b7575412a342 https://www.propertyinvesting.com/topic/4400654-is-my-tax-accountant-charging-too-much/#post-4628614 Sat, 24 Jul 2010 11:35:43 +0000 i think this is very steep, i would try someone else. let forumites know where you reside, (suburb only LOL) and they may be able to recommend someone near you who they currently use and are happy with

]]> 950438295ae2829660296c9c483984ae https://www.propertyinvesting.com/topic/4400494-rental-property-investment-basic-questions/#post-4627728 Wed, 14 Jul 2010 07:27:20 +0000 The oher thing i just thought of is, look into the possibility of leasing to international students, they generally pay a lot more for their room and can stay anywhere from a few weeks to months or even years. They are screened by an agency and it may also be  a nice wat for your chidlren to learn more about different cultures.Good luckSonya

]]> f4dd932c64b7675630b7404d64510074 https://www.propertyinvesting.com/topic/4400494-rental-property-investment-basic-questions/#post-4627727 Wed, 14 Jul 2010 07:12:34 +0000 MissMolly why can't you refinance the loan? Is i locked in to a certain rate or is it a relatively new loan? have you spoken to your lender about other options such as extending the length of the loan or similar, this would reduce your payments for now, when you get on your feet or as more cash becomes available you can increase your repayments.

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