my parents gave me nothing (except the best possible upbringing they could give) and I really didnt expect anything financially from them, still dont.

I am also sure that if they had given me a headstart, without financial education as well, I would have more than likely lost the lot.

Now I am a parent myself and over…[Read more]

To me it just means that it may take longer to get some CG. I think it would only matter if you bought but then had to offload quickly, otherwise if your intention is to hold for the long term, then it shouldnt really matter.

The upside is that at the expense of someone elses misfortune,…[Read more]

Find out how much it would cost in RE fees, then maybe reduce it from 285 by half that fee, so that way it could be a win/win situation all round.

He gets more than if he went through an RE and you get it for less as well.

One thing I do know about Goulburn is that the Police have their acadamy there.

Lots of renters!!

So if you geared a place for their needs, maybe internet access or such, you should not have too many hassles.

regards
wejons

One thing I do know about Goulburn is that the Police have their acadamy there.

Lots of renters!!

So if you geared a place for their needs, maybe internet access or such, you should not have too many hassles.

regards
wejons

Fully agree with you regards buying for tax reasons, but people do do it for reasons that make sense to them I guess, so I thought I would mention it. I personally look at any tax “breaks” as a bonus, not the reason for buying a property.

rgds
wejons1

show me a unit in sydney that is 2 minutes walk from the beach and 5 minutes walk to the cbd that is 350k lol

I should say … I am still learning and what I say is only my thoughts.

My due diligence is along the lines of:
what sort of property is it,
what does it have to offer a tenant
where is it…[Read more]

Lots of apartments/units going up – in the price range of 350k up tho.

There are older units around the 200-250 market.

The uni students are a big market here. More and more people are commuting to sydney as well.

Like all places there are some good and bad places to invest.

My humble opinion, if you were going to go for…[Read more]

First of all I cant answer point one, do not own properties in sydney. Point two, I have been very lucky so far, out of three properties, the longest I have gone without a tenant was about three weeks, and that was on one that I bought recently.

The thing to look at is this, with me anyway: Can you service the debt on the IP if you do not…[Read more]

I think the point is that it may be okay to loan out a copy for someone to look at, but if that person then starts using the templates,models, knowledge/steps outlined in the information then maybe it becomes illegal.

Depends on the type of legal mumbo jumbo that was included with the originally purchased material.

People do loan and share…[Read more]

same (roughly) distance/time to cbd as penrith, yet you have the benefit of some great beaches and views

same (roughly) distance/time to cbd as penrith, yet you have the benefit of some great beaches and views

This is only my opinion.

Neg gearing can be useful if it fits in with your situation. The ideal solution is that every property is cf+, money in your pocket instead of going out.

However, a neg geared property can be used with the intention of “hopefully” the price rising and this is where you benefit. If you have cf+ properties then…[Read more]

Have you actually been there yourself?

wejons1

Did you get photos of the pool and the condition it was in?

May be useful if he does take you to court

wejons1

Obviously this finance provider does not value your business.

By being ahead you can show others that you pay on time and can afford the loans.

Maybe check your credit history as well, someone may have put a black mark against you incorrectly.

wejons1

I use the term “greedy” because the prices are way over their true value, not a good price for what is being offered, without even looking at whether it is CF+ or not.

I guess also good luck to them if they can sell their properties at that price, but they are not true value for money, my thinking anyway.

I am happy to pay full price for…[Read more]

I have a brother who is a lands evaluator in the North of Tassie, they are flat out with valuations so he has a good eye on what properties are worth.

I already own one property there and am always looking for more … lucky for me I have eyes with local knowledge.

At the moment, I am being told to sit and wait, people are still greedy from…[Read more]

Not trying to be smart or anything .. hopefully maybe learn something that I wasn’t aware of

wejons1

you have to look at that, you are not always going to have a tenant, your income must provide for it

that is why people have to stop at a few properties if the have negative geared them

wejons1

If I am right, let me know if I am not, then you need to improve your cashflow scenario.

wejons1

Stick to your guns, you aren’t doing anything illegal and what garauntee is there that would actually resign??

wejons1

I have one IP in Tassie, 1300 – 3 bed, one IP in Toowoomba, 1300 – 4 bed and one IP in western nsw, 1400 – 3 bed.

My PPOR in Wollongong, 790 – 3 bed, and I thought NSW would be the dearest … go figure!!

wejons1

I have used both … initially i went through a mortgage broker. Everything was fine when I bought my own place, couldn’t ask for better service. I then however had major issues, using the same broker, when I purchased my first IP. I have since gone back to the bank directly and have had great service. Found a great mobile lender, lucky…[Read more]