the best way for you to work out the weekly amount is – monthly rent X 12months divided by 52weeks.There is not 4 weeks in a month,… four weeks is 28days, most months have 30days.this is the same theory behind paying your loan of quicker by making fortnightly pay ments rather than monthly,if your monthly payment is $1000, but you decide to pay…[Read more]

I don't think you have enough cash flow to support an investment that only returns 5-6% if you can only spare $20 per week.You have to leave room for an interest rate increase and possiable vacancy,However,….. Having said that,… have you looked into Interest only loans as a possibilty of freeing up cash flow, I am not sure about your current…[Read more]

Terryw wrote:
Wraps take a lot of work for little reward. You will make more money buy and hold – from my experience.Also, most lenders will refuse to lend if they know you are onselling the property on an installment contract. Even if you are using lease options you are supposed to get the lender's permission.

Wraps are to provide more…[Read more]

I manage my properties myself,…it's easy,… i would recomend it if you can keep it stricly business and aren't the type to stress out.just remember to keep on top of rental incresaes

I think you worded your question wrong,…I don't think there is any property haters on this site,…. If they were property haters they wouldn't be here.I love the stock market and the property market which is why I can't believe some people put all there focus into one asset class true investor's invest in a range of investments.As for picking…[Read more]

All of my Property and Business loans are through the CBA,….Not because the are overly great,… I have threatened to leave many times but every time I threaten to leave they finally come around and match what ever deal I have found else where.so for now I am with them.

Terryw wrote:
Sounds like a lot of hassle for little rewards to me. It can also be difficult to get finance for wraps.

what did you mean by this comment

Tryed to download ebooks and the only book I could down load was the capital gains tax ebook,even when I clicked on other links it just kept giving me the capital gains tax book,…. or it sent me to a page about the secret.whats happening

I would use a third option being hold property on an interest only loan with an offset account attached,I would still make the payments as if I were paying it off but I would place the extra funds in the Interest offset account rather than off the priciple of the loan,…. this way I can take the funds out later and use them for personal use (…[Read more]

vyaw2003 wrote:
where can i go for resources on renting myself and getting rid of the RealEstate Agent.Can i start up a hostel without any form of a license?I know of this guy who do it. and i think it was all under the table, he was getting good returns for that."Why pay taxes, the governments wastes the money anyway." Packer

depends whart…[Read more]

Nucopia wrote:
 nice tool but it is not a true reflection of my situation     Ho Hum 

I think it is a guide more than anything,…. a way to monitor you performance and score your self,..in what way is it not a reflection of your situation,….

Try to get some unsecured finance under your company name, yes you will pay a slightly higher interest rate but it will free up some equity from your property,….. even if it is only $10k of $20K unsecured every little bit helps,…. most lenders will probally lend up to $50,000 unsecured if you can convince them your business is doing well,A…[Read more]

conrosco28232 wrote:
This didn't seem to work very well. My asset value (after debts were paid off) was $165,000 – more than my income of $160,000 – yet my score was 269 days (well under a year). Also it assumes you spend all of your income which is not even close to the case with me. I reckon if I stopped working and paid everything off I could…[Read more]

I agree with Mackar,…If you only have 1 or 2 IPs then managing them yourself can be a could way to improve cashflow, when a tenant moves out you can hire a RE to find a new tenant, the biggest factors to watch out for when self managing are,- you have to maintain a level head and play by the rules,…. alot of people tend to get emotional about…[Read more]

conrosco28232 wrote:
This didn't seem to work very well. My asset value (after debts were paid off) was $165,000 – more than my income of $160,000 – yet my score was 269 days (well under a year). Also it assumes you spend all of your income which is not even close to the case with me. I reckon if I stopped working and paid everything off I could…[Read more]

 Scored  2057,….. 5.6 years on a wage 50% higher than I am paying myself now.Not to shabby since I only started working full time 7 years ago at 18, Stick to the simple rule of "spend less than you earn",… and invest in income producing and growth assets and you will do fine.

Your tax bill will depend on the amount of hours your accountant has to put into it, Not the size of your tax return as alot of peope think,The amount of time it takes to do the tax return depends on how complex the work is, For a employee with a few investment properties it is very straight forward and probally takes the accountant all of…[Read more]

The only way the government will lessen the burdan off high prices off lower income families is by giving incentives to developers to develop more low income housing. taking away the tax benefits means less investment dollars will flow into developments, less property available means higher rents. how would this help people own there own home.low…[Read more]

G'day mate,If you can sell the family home without to much emotion then I would probally pay out the loans on the other investment property and your family home and then invest the rest in a mixed portfoilio of property, income shares and growth shares.don't be tempted to holding a large some in fixed interest because of the steady returns, your…[Read more]

what sort of investment stratergy are you looking at,How do you think you would structure this deal to include your sister, you have to make sure you are both on the same page, from the word go, would you continue to go onto buy more together,will you be wanting to buy faster than her,do you both have the same investment time frame (will she w…[Read more]