[]”Always look on the bright side of life!”
Life really is too short, so dwell on what is important and happy.
Working with small children is probably one of the most rewarding vocations – they are always giving. When one of them discovers something, even so small, for the first time (has a “eureka” moment), I know I’m blessed to have been a part…[Read more]

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Does she look after your property?
Is the place neat and tidy?
Does she do any gardening?
Does she expect that renovations are necessary?
Ask her if there was one thing she would like done to the property, what would it be and would she contemplate a small rent rise?
I know that this sounds like pandering to the tenant, but good tenants are…[Read more]

[]Hi
Melbourne has about 5000 city high rise apartments on the market this year, Adelaide about 200. Don’t know the number in Perth, but know that South Perth with city and river views is a popular area. Does it have security/UCP? Good Luck with your decision.
[8D]

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We had friends who signed up for one of these type of deals and they added a clause about being subject to coming in at 95% of a valuation by the bank providing finance (friends had made arrangement with bank before visiting Queensland). It ended up being their way out of a potentially sticky situation.
Take care
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The ATO has issued two booklets titled “Rental Properties 2000-01” and “Guide to Depreciation 2000-01”, they may have updated them for this year (available at your local ATO)- they provide comprehensive guidelines on the taxation of rental properties or go to their website http://www.ato.gov.au or ring 1300 720 092 for their publications distribution…[Read more]

hi dianne
have you done any reno painting before? you really need to make sure that your prep work is spot on. i’d prefer to do it by hand the first time – I’ve done three with my partner. Don’t go for the cheapest paint, use one that suits the application and always keep a log/diary of the type and colours of paints you use in each IP. This…[Read more]

Hi silver fox,,,

The soundness of construction is relevant with any IP. The amount of land is also important but we tend to look for the tenant who wants to live there. We are fortunate to have an IP with a tenant who considers the residence his home. The structure is irrelevant to him. (timber frame with cement sheet cladding.)
Depending…[Read more]

Trueblue is right by advising to contribute to your super. If self employed then see your accountant to get this into action or if PAYE then see employer soonest for salary sacrafice.

The clock is ticking…..Good luck

[]Congratulations Tracey!
Will you keep us posted on how it goes? Post minutes on the forum? Let us know future dates so that when we visit Perth, we can come along too!
Hope all goes well.
H[]

Hi Sooshie,
Like everything with govt depts/ATO – as long as you have the paperwork in order and a knowledgeable accountant, you have nothing to be concerned about. Just watch out for customs – they’ve been in the spolight lately! Enjoy yourself!
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hi wilandel
the drought has affected many. in sa in the riverland, crops may have to be abandoned because of water restrictions. i love buying australian, but it may become more difficult!
what impact might this have on property in river towns?
hope things improve for you.
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Hi Darwin,
Yes I heard it too and if you check out the front page of The Advertiser from Adelaide today, it has more info. You can go to http://www.theadvertiser.com.au to read the article.
cheers
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[]I’m really enjoying the discipline that goes with keeping the journal. It makes me set aside time to do things for me (very difficult being a working mother!). I love looking for real estate, reading new books/articles and chatting with my other half. Writing isn’t too much of a task – at least it helps me improve my keyboard skills!
Keep it up,…[Read more]

Hi,
Our closest investment property is 1600km away and it came with a tenant 6 years ago when we purchased it. We don’t use an agent for that one (he is an incredible tenant and we appreciate him), but the others are even further and yes, we wouldn’t be without a property manager. We interview them, just as they would a tenant and make sure that…[Read more]

Hi,
I would have to agree about “go north” – we just look at the changes over the past 5 years since we began investing in Perth. Living interstate, you really notice the massive changes when you visit. Most of it is north of Perth. With great infrastructure, coastal location and the possible relocation of EC campus, it sounds an interesting…[Read more]

[^]Hi Steve
Thank you for clarifying things. I became frustrated with my group when they took off without getting organised first. In real life, I would be (and am) more choosier with my business partners. Some of the concepts were new/unfamiliar to me and using them so soon after being introduced to them confused me further. Back to the drawing…[Read more]

Hi Violeta,

We also spoke to our accountant after APIM and he was against trusts. We spoke with another accountant who was helpful and wanted to know more about our long term goals. I suppose it’s all about trying to find a solution for the problem. Guess which accountant we’ll be seeing more of!
Go for it!

Cheers
Spider

To be a good instructor you must listen.
Thankyou for your request to supply input.
A good start by an Australian for Australian conditions.
I look forward to reading further.

Regards Michael