Vacancy rates are much higher in certain parts of the citycompared to others.  When the tenant looses their job they still make promises to pay rent for about a month (or 2), then the eviction process takes a month (or 2), finding a tenant a month (or 2) and then the agent takes one month's rent for finding a tenant. Rental is about…[Read more]

Hi Portpirate,Your purchasing costs should be under $1000,

Try Xilo, they are affiliated with Westpac, but call and speak to them first toget your info because they are a pain to set up.

Hi, my properties are in Kansas City, Missouri.Thank you for your reply.Vicky

Hi Dean,You seem to have a clear grasp on the situation.Dymphna has a program for buying real estate in US, she ran a 2 day course in Feb in Sydney which was the precursor for it.Carly went to US last year for 1 or 2 months and bought 120 properties. She has a program now, she is not running it herself, but it's through ccorp.I am off to US on…[Read more]

Wow, Michael and Bronwyn, I have been reading this forum and your blog with huge interest but  you have just shot your credibility right out of the water!  And I am not sure what your association with Vincent 888 is.I have been also doing a lot of research and going over to US on the 28th of March to buy some properties.  Here some fa…[Read more]

Yes, please Fudge
[email protected]
Thanks
Cookie

Hey Glenn,
I subscribe to Australian Property Investor and it’s fantastic, also, as well as Steve’s course, I have done Peter Spann’s course (good course) and he did a large chunk on renos; and Stuart O’Neil from Guerrilla Real Estate has a renovation kit.
Make sure you get a building and pest inspection -these guys are good for contacts for…[Read more]

Hi Roxie,
If you have not bought an investment property before you need to do the legwork yourself. If you have bought before, buyers agent are great especially for interstate purchases, I have bought one property in Qld with one, and now on the lookout for a second one with a new agent. However they do not tend to have much knowledge about…[Read more]

Hi everyone,
We replaced the kitchen bench and all the knobs on cupboard doors and the agent, who saw the property prior to renovation, asked if we installed a new kitchen. We attached mirrors to the outside of the bedroom robes with double sided tape – it made them look new and detracted from how uneven they were and made the room look…[Read more]

Hi JWalker,
Peter Spann is about to run another day course – captal growth/-ve gearing and shares, he is pretty good; and keep reading this forum it’s great!
Cheers

Hi Pleong,
I think you’re confusing positive cashflow and positive gearing. Margaret Lomas is into positive gearing. You can find a couple of posts on this forum on this topic.
Both of your properties will be cashflow negative.
Steve’s 11 sec solution is property price divided by 1000 and multiplied by 2 should give you you’re desired rental.
Good luck

Hi Jullian,
I am also paying 5% for my Melbourne property but in regional areas I am paying 6.5% and that’s because they manage 3 for me, otherwise it’s 7-8%
Cheers

Hi JohnBoy,
Were there any dates for the Victorian shortage and the Tasmanian oversupply?
Thanks
Cookie[]

Hi Fullout,
If you have only one IP and you have your own maintanance team, you probably could manage it yourself. When you have several properies and your tennants can contact you at any time of day or night it becomes a problem. You also have to remember that there is as much work for the agent in managing a $80,000 IP as there is $800,000…[Read more]

Hi ken le,
You need to do your research from home, via internet, property section of Brisbane papers, suburb reports and talking to people. Your budget will dictate how far from CBD you can buy. Once you decide on a couple of suburbs, you will need to set up some appointments with agents[}] and go up. From then on it’s internet and you go up if…[Read more]

Hi, I am Vicky, 41, married with 2 girls 8 and 13 going on 17. We live in Glen Iris in Melbourne in our 3rd house, which badly needs to be renovated -untouched since 1964.
But instead we are buying IP’s – a flat in St Kilda -ve geared last year, and 4 houses in Traralgon this year. We renovated the houses long distance – I have not met the…[Read more]

Hi,
I organised my insurance through broker and they recommended CGU – I have landlords insurance but I insure for replacement value if the place burns to the ground how much will it cost to rebuild $10,000/sqr say 17 sqrs. However Ihave since found out that brokers do not recommend certain companies eg AAMI which provided me with considerably…[Read more]

Hi amni23,
I would be looking at a house that needs some work (no restumping) in Western suburbs or along the proposed Scoresby freeway corridor – as I believe that this areas will still grow.
Good Luck!

Have to disagree with a couple of you guys. This part of Inkerman St has really come up with a couple of really funky bars and restaurants, a group of retro arthouse furniture shops and a couple of galleries.This is also a Henry Kay development which means the latest in interior design as well as a home theter thrown in – the rents are going to be…[Read more]