Hi willister,I'm not sure if you have found a tenant but have you ever thought of giving a rent free period to help the business operator a leg up?If you could find a tenant, get them to pay all out-goings, so at least you don't have to pay the rates, etc.I have never owned a commercial property so I really wouldn't know if this is do-able.Just an…[Read more]

Hi,Is it even possible to extend the 30 day contract?  My understanding is that properties bought at auction has very stringent rules, reason I don't buy at auction.Angel

Hi Larry,I agree with Richard and Anthony.  I self-managed all IPs, including those inter-state.  Sorry, that's a lie, except for the duplex in Millicent.Angel

OMG!

Hi all,It is cheaper to buy properties there now that the Australian dollar is so strong.  But the declining US$ also means that the NET rental return is also shrinking. Time will come when what you expect to be AU$700 in the bank, would be AU$600 instead.  An exaggeration but you know what I mean.  So as I can see, there are two risks involved he…[Read more]

Hi Robbiep,I don't see why she'd need a license.  She's not property managing.  She's the leasee.  She signed to lease the units and pays the weekly lease as per the agreement between leasee and leasors.If during the Christmas and Easter stretch she makes $2,000 a week profit good on her.  But bear in mind that then it is vacant, she is out of poc…[Read more]

At any any rate, you looked 16.

Robbiep,It's not commission.  She gives full disclosure to the owner.  She tells them what she will be doing.  In effect, she's subleasing the flats to corporate tenants as a serviced apartment.The fact is had I met her three years ago, when I was negatively geared on my Hunters Hill unit, I would still own it today.  Had someone said to me bac…[Read more]

Guys,This gorgeous girl is only 21, she's been working part-time and saved this money over two years.  It makes me very determined to stand guard over youngies… when I can.  Angel

Amen!But she can charge more only because she is able to provide value-added services.  She transforms a fully furnished City unit into a serviced apartments.  She provide cleaning, laundry, whatever Mr or Ms High-flier needs.Value-adding is always a great way to increase income.Angel

Hi,I am going to invite her.  This is just the tip of the iceberg.  I'm sure as we journey along, we find more superstars.Angel

Hi thecrest,You are an example too.  There are truly many ways to skin a cat.  We are all only limited by our vision.  Someone who sees a gold nugget and thinks it is a gold nugget is a miner or a fossicker.  An investor is someone who sees a gold nugget and thinks of it as a ring or a necklace, even a tiara.I am never put off by advertised ret…[Read more]

Hi all,I've just met her in person and found out that the original post is far from the actual feasibility study.  Not even close.Firstly, the feasibility study was part of a "homework" from a seminar giver.  Second, the premise of the exercise was that "she does not the money" so she zeroed in on this one and assumed nothing will come out of h…[Read more]

Hi Patrick,The original post was by Nathan, I'm not sure what scenario he had in mind.  Regardless, it's not the point.  You can buy it as an owner occupier first and then convert it to IP (like so many here).  Or start out as IP.The rule on taxation and loan structure is a long and convoluted issue to discuss in one post but it has been di…[Read more]

Darling, t sold twice but deals fell through twice for different reasons.  I'm using it now to help someone a leg up.  Read thread entitled, "One of the most amazing people I have ever met."Take care.Angel

Hi Patrick,Darling, when I bought my first IP I was a stay-at-mum and ex husband was a welfare worker (not the highest paid bloke in town).  By then, we had two kids under  3.I simply followed my own formula, SWIM.  Save, work, Invest, Manage.We lived within our means, saved every penny, read every books from the library, cooked every meals, we…[Read more]

Amen to that Scott.Something doesn't add up… seemingly.  The premise appears too good to be true.  However, I don't discount the fact that some people do get lucky.  At my age, I do believe in luck (with hard work, of course).Angel

Hi Tony,No refunds.  Unfortunately.  But call the OSR and they will confirm.Angel

Hi Michael,Thank you for being honest and up-front.  You ARE good at reading people, I am, truly,  not into land banking.  Only going for positively geared properties now.  Good luck and I hope you find the right buyer.Angel

Hi Alaric,I will repeat myself, at the risk of sounding like a broken record.  It is currently mortgaged with Westpac, on residential rate at 80% LVR, interest only.  I am paying 7.09%I have spoken with my Personal Banker, and he affirmed that Westpac is prepared to assist my buyers on residential loan.  Can we now, please everyone, put the in…[Read more]