IF – thats a small word. but can have long lasting consequences. Things may go the other way and you may incur a capital loss. Those people who trashed the houses up the road now need somewhere to rent. A house up the road may appeal to them.

Whats wrong with looking at houses in your area? Or ones that are 15 mins drive away if the ones in…[Read more]

Ok. Noone has more than 10 yrs experience to date. Anyone got over 7 years. Anyone had to struggle in a down market? We have all been riding an increased market over the last 7-8 years. I bought my first investment property 8 years ago and I have not experienced a down market yet. So I would love to hear some experiences from those that have…[Read more]

Its just that I keep hearing about buying positive geared property in rural areas. I want to hear from a property investor who has 20 yrs experience, to see if they were happy to have invested in these areas over this long period of time and found the returns exceeded the hassles and that if he has his time again he would still buy in rural areas…[Read more]

<<<<<Steve’s first house as I recall was the best house in the street in the worst neighborhood. Seemed to turn out alright for him.>>>>>>

Yeah that was 4-5 years ago. I doubt an investor with 10-20 years property investing experience would consider that a good investment.

Dont buy it. The 11 sec rule is not everything. How about the 24 hr rule. Can you sleep at night. Will that property end up like the ones down the street. Can you always find a tenant? how far from your home is this property? any chances of capital growth? Is positive cash flow of $1000 really worth all the effort.

There is more to…[Read more]

RIP Hookesy.

I grew up as a kid at the time he was playing his cricket. I used to enjoy his batting.

I was also an avid fan of his on 3aw. I used to hear him on the radio at 7:25am a few years ago. I would always listen to him and Gerard Healy at 6pm on the way home from work. I love that radio show. The tribute I heard from gerard Healy…[Read more]

I know someone who built a granny flat. Its rented our separately. To get council permission its not supposed to have a kitchen. The council treats it as a detached extension. I am not sure of the actual terminology.

So after its passed by council, a kitchen is added and then its rented. The only problem is that the gas and electricity meters…[Read more]

sounds like a $65k headache to me

Hi

A few quick questions –

1. Once you transfer to Citibank do you pay the balance off?
2. Are you always creating a new credit card account with Citibank or are you using the same credit card account ie. just transferring the points.

I dont see how Citibank gets any benefit from you.

Hi

They meet the first Tuesday of every month and announce their decision at approx 9am the following day (Weds).

I reckon in Feb rates will stay the same. The $A is too high. Too much pressure now on our exporters and local manufacturers. But they may still be a little worried about our consumer spending and trying to deflate the property…[Read more]

Hi

My rules with insurance to reduce premiums are as follows;
1. Pay in lump sum
2. Get the highest excess. The higher excess means lower premium.

I only have insurance for worst case scenarios. I dont go lodging small claims so I am more than happy to have a large excess.

I think they do? If you pay your bills using the credit card account it does. Thats what I do. All expenses go via my credit card account. But I have never checked my monthly credit card balance versus my monthly points balance. Now you got me a little worried.

Hi

Just bear in mind the positive cash flow (rural) comes at the expense of asset growth (metro properties). In the long term its asset growth that allows you to retire and increase wealth.

I too am with CBA Wealth Package. At one point I was with NAB (chartered accountants package) but when we lost the $1 for 1km Qantas frequent flyer, I returned to CBA. My points have been handy in organising holidays.

Qld007

Why do you use the investors club and not local real estate agents? Does the investor club get a better return for you?

Cheers

Andrew

Hi

I tend to agree with jenman. The battlers/wrapees are not protected.

Hi

I always inspect the night before settlement. I too take out building insurance once the offer has been accepted.

In future, I may even have a clause in the contract that the dishwasher, oven and hotplates work. On my PPOR, none of these worked and only 2 of the 4 hotplates worked.

I even had a building inspection done prior to my offer.…[Read more]

Hi

Check out what Neil Jenman reckons.

http://www.jenman.com.au

Hi

I am thinking about looking all day and night at realestate.com.au and realestateview.com.au and raywhite.com.au etc for positive cashflow properties all over Australia.

Then listing them on my web site, then asking for a spotters fee if you buy.

Worth my while you reckon?

Hi Lucinda

I just recently had a property on the rental market for 6-8 weeks. Yes, its a little out dated and I probably should upgrade the kitchen, paint it, fix some doors, even the garden etc.

This property was only 15 mins drive away. I spent the past 6 weeks wondering what I could do to improve the place. The agent gives a few comments…[Read more]