To auspiciousdna;

How certain are you of this??? If someone pointed out to me that I was incorrect and I found this to be true, then I would have retracted my statement and apologised… Calling my comments illegal, and being an “advertisment on how to break the law” is just going way too far in my opinion… unless you are an accountant or…[Read more]

Hey there Muppet,

One property scam thats been doing the rounds on TV is Qld units being sold to SYD investors at inflated prices…

Jason

Hey there Muppet,

One property scam thats been doing the rounds on TV is Qld units being sold to SYD investors at inflated prices…

Jason

Hello Troy,

Cashflow +ve properties no longer exist in Sydney, the last of them went about 2 years ago..

Even 200 km away, places in Bathurst, and Goulburn are no longer +ve… but 3-6 months ago u may hav found a few…..

because of the property boom, investors are looking far and wide for places such as what u mentioned… they are out…[Read more]

Hello RentMaster,

Not wanting to sound like a smart alec, but are people “braging” on this site perhaps? after all it is a site thats based on people buying investment properties! my self and many others hav probably mentioned what places they own, and what they are worth, but surley u dont see this as a “mines bigger then yours” statemnt?…[Read more]

Hey there Skalle

Purchase costs would be 5-8% of price, depending on state, lender etc and if u get mortgage insurance…

ongoing costs vary, an older place has more maintenence then a newer place… but to add u hav :

rates,
water,
insurance(s) of some sort,
agent fees,
strata fees,

These can be assumed to remain constant, with small…[Read more]

Hey Lawrey73

Im a part time mum, part time dad, part time doctor, part time maths whiz, part time shrink, part time scientist, part time comedian, part time coach, part time mediator, part time art critic…..

AND a Full Time Casual Primary school teacher

And its the best job i know!

Cheers !

Jason

Woops!!!

Sorry Rosscoe, as other ppl hav mentioned my info was incorrect, i guess i should hav looked into it b4 opening my mouth… hmmm i was going on what a friend told me he did with his place, sorry

Jason

Hey Michael

I personally believe that in the next 5-7 months we will see our first rate increase. i think just last month the US has had their first month where they hav had a small ammount of growth in their economy…..

Keep track of what the banks do with their fixed rates, just this monday Members Equity has increased some or at least 1…[Read more]

Hey there Ranger

Thanx for the kind words, some more advice, buy at the lower end of the market (if not the lowest) and then when all the cheapies are gone you hav increased the value of your place to around the next cheapest place available… (depending on the properties compared of course)

Dont EVER take no for an answer!!! i sometimes…[Read more]

Hey there Vluu

No matter how good you think u are at maintaining your debt, the main banks seem to still want blood out of a stone…

Unless you hav a full time job, or a business number more then 2 years old its very hard, no matter what ur circumstances are… i did exactly the same thing 3 months ago, i re financed all my places, had…[Read more]

Hey Vik_fam

Im 24, bought my first IP at 20 and my 6th will settle in 13 days, still live at home with mum and dad, would hav got heaps more if the banks and lenders werent so anal about having a full time job… i did all this while at uni full time for 5 years and stacking shelves at coles…

Anything is possible!!!

Jason

Hey there Julie

I just found this site a few days ago, and must admit havn’t read the book.. but buying places starts off slow, and the more you get the more you can get…

I bought my first place at 20, then another at 21, then another 3 months after that, then another 6 months after that, then another about every 6 months after that……[Read more]

Yup ur rite

interest on an IP is tax deductable, so is pretty much all other expenses, in terms of maintenence and upkeep. travelling, phone calls, stationary, agent management fees, insurance, advertising… whatever comes out of your pocket is tax deductable, but i think larger items like the replacement of part of a fence, or a Hot…[Read more]

How High?

Well i hav heard that house prices double every 7 years… as a general rule i guess…

look at past trends, it sounds crazy now i guess, but sure enough, a $600K house would hav been worth about half 7 years ago, and as crazy as it sounds in another 7 years it will probably be worth $1.2 mil. there are obviously exeptions to…[Read more]

Hey there Cattie

Take a look at my response under the question “what to look for when researching”

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=3412

Just to add, u want growth as well im guessing, use realestate.com and do a “sold properties” search, which will show you how has the market has moved in the last year or…[Read more]

I would re-finance the townhouse and inject the extra funds into your new house, remembering that interest on an investment is tax deductable but interest on where you live is not…

hope it helps

Jason.

Hey there Mary,

I hav a house insurance policy with the Commonwealth that also has Landlords insurance linked to it. i remember that it was the cheapest option by far here in sydney when i was making the phone calls. If i remembeer right they also gave a discount on the home insurance?? its been 10 months but lol so i may be mistaken.

44 py…[Read more]

An answer to some of your questions…

Buying land and building is a great idea, but to make good money you need to be able to dedicate yourself to the job, meaning that the more work you put into other peoples hande the less money you make. knowing ppl in the trades is also a bonus! (be prepared to take time off work, and do an owner…[Read more]

CGT… what a joy lol

I looked this up once, its in the free booklets available from the ATO. To not pay CGT on a property, it must be your primary residence. But for how long? some say 6 months, some say 8. A link from ninemsn last week mentioned 4 months. what you do is buy an investment vacant, and “move in” either oficially or…[Read more]