Best to talk with a mortgage broker to work out your own specific borrowing capacity and repayment capabilities. Then you will know what to look for.

Did they lease it at or below market price?

Thanks KJ  I didn't attend this seminar but have been to similar ones in the past where there is an upsell at the end, it's just a fact of life that people give up their time if they are going to try and sell something at the end or get paid for doing the seminar!. I'm sure there would have been alot of useful information in the preceeding 5 days…[Read more]

The casey system is a written step by step procedure for sourcing and developing properties in SA, very basic knowledge and it came with a gaurantee of service that you can call the author at any time with questions. The people that developed it had alot of success at that stage but later ran into some financial trouble. Not sure what the arrest…[Read more]

What did it cost for the 5 day seminar?

Hi shanshan, There is more to property management than just collecting rent! A Good property manager should be like a partner in your wealth creation strategy and should save you money in the long run. I run a property management company, we have never advertised ourselves as being cheap but our landlords end up with more money in their bank…[Read more]

Hi EllerI know Brisbane has alot of potential but do not know any specific details about it. We only invest in Adelaide because we know it well! There are many things happening here which signfify higher growth in the real estate market. There are also some places with huge potential that are below the median price for Australia. Have a look at www…[Read more]

Hi Lesley, We run a monthly investor network group that started as an informal club and now has over 500 members with around 100 attending each meeting. Please email me xenia@adprop.com.au to be included in the list for invitations to meetings. (no private messages here please I will never see them!!!)

Ok where are the moderators?

What are your goals? She targets a specific audience so you need to know how they can help you!!! She advocates very safe and passive investing and the requirement of income to fund property which is negatively geared but becomes positive or neutrally geared after tax. That means that it depends on tax benefits and income to fund the shortfall.…[Read more]

Welcome back sooshie, I remember you from a thousand years ago I was a newby then!!!

I agree with Terry let the new pm handle the situation and lift the file from their office. You are not obligated to sign the agreement. They stuffed up as they should have had the agreement first before acting on your behalf. They can get into alot of trouble far beyond paying you what they owe you. Tell them that you do not wish to use them as…[Read more]

Buyer's agent's can certainly add value if they are skilled negotiators and know the market well. They can value properties better than the average investor and know when something is overpriced and what potential it has. There is no skill in buying at an auction. A buyer's agent's negotiation skills will not be used effectively. Most buyer's…[Read more]

Yes you can, it is called subleasing and it should be disclosed in the initial lease agreement

We also had a big expensive wedding. People are more important to us than money and we didn't want to offend anyone by leaving them out. We had around 500 guests including their kids. I find it absolutley offensive when people invite families and state "no children" on the invitation just to save money! Children are people and part of a family.…[Read more]

You are going about it the wrong way. I have renovated many properties and the heaviest thing I ever picked up was a mobile phone and pen! The value of renovations is it ads equity to properties that you can borrow against to buy more properties. It's a wealth builder and very well worth the phone calls

I dont agree with agents locking clients into a contract if they are not happy but most of them do it. We allow all our clients an escape at any time if they are not happy.As a pm I can state that the service you are recieving is very poor irrespective of where it is. More than 14 days? How much more? 30, 40??? Why was a rent arrears control not…[Read more]

Banks can make mistakes too just like everyone else. An honest person would question it and give it back, just because they made a mistake didn't give him the right to spend it! If you are at a restaurant and they bought out the wrong meals and put them in front of you would you eat them? Most of us would tell them they are not ours knowing that…[Read more]

Hi Marc, Yes they are expensive! Third one is just 2 weeks old so does not go to school the other 2 are costing us a fortune in tuition fees plus uniforms plus lunches plus excursions etc… We calculated over $1million spent on education until were done for all 3. Makes my $3 coffee seem insignificant (there I don't feel so bad now for having…[Read more]

What people?