Hi JessM, how did you go?From my experience, 5% is not hard to get at all. Just got our solicitor to negotiate on our behave all the time.secondly, most of the time early access won't be a problem if the property is vacant. However, I doubt you would be allowed to carry out any renovation work prior to settlement. because you don't legally own the…[Read more]

ELJ, may i suggest you a solution: keep dreaming! or take more drugs!

Btw, Losty, just noticed your accountant's suggestion on putting more money in super. If I were you, I wouldn't follow that advice. You have no control on how your super will perform and you can't have access to it for 25-30 years! at early 30s, you can use the money else where and make double or triple of the return super can give to you. I…[Read more]

Hi Losty,I don't want to be rude, but I really wonder how can you owe such a high debt on the cars? Especially with such high incomes, why not pay off the personal loan first?My husband and I have been in the property investing game for about a year, not expert yet but we know the basics and own several IPs. From what we learnt in all those books,…[Read more]

Hi, we will settle one of the new development in middlemount later this year.price we paid is 300k for a 3 bedroom house including furniture package and airconditioning. appraised rent is 650-700pw. majority of the mines there is coal, with a couple of small gold mines. currently the workers in these mines are living in dysart, which is pretty far…[Read more]

Hi Azalia,Could you also send the template to me too? my email is yue.vivian.li@gmail.comWill also send you a PM about it. Thanks a lot for your help!Viv

I've called several major insurance companies (AAMI, GIO, NRMA, Allianze) , the answer I received are all the same: they would not insure student accommodation where more than one lease is in place for the house.I was told that some insurance broker might be able to help on this one.

Just talked to my friend who did the workshop.She just said it's very informative, their think go out of the square to negotiat with agents, and the course include lots of templates,  but won't tell me more about it. I guess when people spend so much on a course, they are not comfortable telling us everything they learnt from it, as we didn't pay…[Read more]

Hi Mav,sure I will contact her next Monday to find out.Also, has anyone purchased the toolbox by Dean and Elise? How is it? I am interested in purchasing it from someone who doesn't need it any more. If anyone has it, please PM me.cheers.viv

Hi everyone,so has anyone attended their workshop? Please let us know how you go JessW, looking forward to some feedback here!Viv

Hi Mav,

I got a friend who is attending their 2 days workshop next weekend. I've been to their 2 hours seminar only, but I found it quite informative. But I didn't enrol in their 2 days program because I too find it too expensive.

I will catchup with my friend in a couple of weeks, will let you know what she says.

I personally am very…[Read more]

Hi Mav,I got a friend who is attending their 2 days workshop next weekend. I've been to their 2 hours seminar only, but I found it quite informative. But I didn't enrol in their 2 days program because I too find it too expensive.I will catchup with my friend in a couple of weeks, will let you know what she says.I personally am very interested in…[Read more]

I agree with watsonc, pretty sure that insurance company will not pay out the claim if they find out the granny flat is rented out separate. Actually I was calling around all the major insurance company about situations like this, all of them give me the same answer: if the place does not have council approval and is rented out separately to…[Read more]

Hi dogkangaroo,So both of your IPs are negative geared, plus you have to pay rent for the place you are living. Based on the current tight lending policies, you may have a difficult time getting a loan for a 350k place (even if it is a 80% loan and you use all the 70k as 20% deposit). And you will need extra 10-15k to cover the legal fee,stamp…[Read more]

hi Heather,Thanks a lot for the information! it's great to hear from someone who has been there and done deals around that area to verify what I found in the research.So did you still purchase the land and house package that's overpriced for 30k? Did they keep their promise about the rental guarantee? Also ,do you know who is actually guaranteeing…[Read more]

Hi Lukey,In order to be eligible for the FHOG, the property has to be under your own personal name, as your partner already used her FHOG, her name must not be on the title.  I am pretty sure that when you take a loan, it has to be the under your own name too. And I don't think you can use the equity in her property unless she ref…[Read more]

Hi GOM,How did you go with the council approval? curious to know as I am thinking of buying a place with existing granny flat unapproved too.cheers.vivian

Hi Shahabr,I drove around Lakemba, Wiley Park and Liverpool area in the last a few weekend to get a feel about the area. Wiley park is a good area, price is moving up now a bit with lots of FHB. I went to an auction in Wiley park this Saturday, a 2 bedroom unit 65sqm, in a 30 years old block of 4 was sold in auction at 245k. The unit was in…[Read more]

We've heard too much talk about property price going up property price going down kind of prediction. believe it or not, even the chinese BBQ pork store owner near our train station is trying to give me advice on 'how the property market will go'. with this mini boom we just experienced, all of a sudden everyone becomes an expert in property…[Read more]

Anyone who tells you 'give your money to me and I'll do the rest for you' or 'I can 100% guarantee your return' is pretty much a scam.AndrewH, in your investment journey you will see plenty of people like this one. They are pretty easy to be identified once you get enough investment education. my advice: build your network, read more books, go to…[Read more]