RickH wrote:
Well today it is offical.Settlement/closing completed today . We offically owner our first US property after months of waiting.Thanks to the guys at housebuyers USA for excellent service and communication

Hey rick,Congrats – do keep posting your experiences about how things go in the US.  Mind if I ask where you purchased the…[Read more]

Hi all thanks for the info. I actually called housing nsw in the area i bought and they mentioned that after the lease with a tenant expires that they will return the house to the landlord in its original state, minus any wear+tear.  so i guess that may be a way to avoid any damage… any further thoughts on if that is a reasonable way to think?

Hi all,I know that the US property market crashes – can the same be said for the rental prices?? Or have rents stayed the same or risen while the crash happened?

thx IP Freely Are PRD generally good for landlords (i.e. get the best rents etc?)who are the best PM agents in tamworth from experience – PRD, professionals, LJ Hooker, Ray white??

Ended up paying a bit higher but it's all sorted now.  Buying a 3-bedder in Tamworth WestBuilding/'pest inspection happening today hopefully all goes well.cheers

Thanks Scott – aside from that, any general issues in comparison to brick?  Do you think the property value might be less because of this, or is corrugated iron ok?And how about longterm stability and maintenance requirements for corrugated iron – would it be good?

Hi Jamie,Could I ask which street in Ashmont your is in? And woulld you say its in a roughish area?Cheers,Ajay

Hi Jacquie,It was the brick one – offer wasnt accepted as I made a low offer due to the issues etc in the area.  I'm looking at investing probably in the Mount Austin or Kooringal areas as they are a little better (I think) provided the returns are ok.Cheers,Ajay

I haven't purchased yet but most likely tolland.I don't think i'll be self-managing – will appoint a pm.  cheersajay

Hello all – when we say that Tolland is being cleaned up – does this mean that it is no longer a housing commission area, or it is still "in progress" of being cleaned up.Cheers,Ajay

thanks Scott – so with hume hwy upgrade, you think Albury is a reasonable bet?

Scott No Mates wrote:
well, the last couple of years has seen hume hwy upgrading so Albury is now bypassed. Wagga, has just flooded, so need to be wary, likewise taree has similar issues – hwy & floodprone.

Thanks for that.Anyone know where I could find the future housing and population growth prospects for the Wagga Wagga area?Interested to find out data regarding this.Thanks,Ajay

Qlds007 wrote:
AjayThe property doesnt have to be Strata Titled for the units to be rented out individually.In many cases landlords (and i have 2 such blocks in Brisbane) will not Strata Title them because they dont want to have the units individually treated for Council Rates or Land Tax so keep them as a multi purpose dwelling.CheersYours in…[Read more]

thanks matt – how do you mean sustainable return longterm? If it provides a decent return during approx the next 12-18 months that would be sustainable right… what reason would it go down… cheers.

Badgers_R_Us wrote:
I think that people who attend property seminars and the like are mugs. There is nothing that these seminars can tell you that a couple of books, a bit of research and some basic common sense can't tell you.  I think that if you have paid go on or are considering a property seminar then by default you should not be inve…[Read more]

INTERNATIONAL EMPIRE wrote:
PROPERTY FUNDAMENTALS1. Australia's Populations (now 21,700,000) is growing both local migration and International Migration. 2. We are not building enough properties (both homes or units/apartments), there is a major under supply of property.3. Rental Occupancy rates are at historic highs at 98.5% ( or 1.5% are v…[Read more]

I recently received a deal at 95% LVR inc mortgage insurance.Are there alternative finance options aside from the regular top tier banks such as CBA and Westpac?CheersAjay

Scott No Mates wrote:
Banks have tightened up on 100% loans – how are you going to sell it to them?

Scott No Mates – are there any methods to try and sell it to banks? From my perspective, I would use the fact that the apartments I purchase pretty much cover themselves in terms of rent (basically breakeven) and my salary plus the fact that I…[Read more]

Note that the apartment is leased out to a hotel… so if there are any further insurance measures worth taking under this arrangement let me know.

Hi scott no mates – any properties around more sydney CBD area (e.g. george st, sussex, kent)?