If the property is 40+ years old there is no building write off, and unless some major new stuff has been added to the place ( aircon, stove, carpets, etc) in the last couple of years there is nothing there eitherBarry

Couldnot pm you, Ross @ TCB 08 83762299

You are in for a class 3, so fire hose reels, exit signs, etc, 1b is 13 or lessMy broker said that he has insured a old church over here converted to student acc so it is commercial not residential and was under 2,000, he ran me through all the reasons why they can etc, so will pm his details to you.To Mr Wolf, I have 8 rooms, return 1,100 p/w, my…[Read more]

 Bob The BuilderThe 1b normally covers up to 13 people and has regulations like fire escape door and door sets, interconnected smoke alarms, I have 11, lights that come on at the exits with the alarms. My council allowed 10  in my house based in size. Its a bit of work to set up but not to much, anything above 13 then it gets more com…[Read more]

HiI brought in Palmaston, Darwin 7 yrs ago, Delfin estate, purchased 227k now 500k+ rent 490p/w, speaks for itself.Bary

HiIf you are putting a cash deposit down + you have to pay the buying costs, then your loan would be 134k. Based on 7% + 3,000 p/a in holding costs this should cost you 2,500 p/a to hold before tax. Is it a good buy, Cairns has boom & bust cycles because it relies so much on tourisim, at the moment tourisim is low, gfc, unemployement is high, so…[Read more]

HiI have student accomodation in Adelaide, 8 bedroom house, if you want the return it does not come for nothing, sometimes I don't have any hassels for 3 mths, then all at once, it is basically having 8 seperate tennants.Don't have a lot of time now, however if you want to list questions, either pm me or on here I would be glad to help.Barry

HiAn agent can always list and sell  it as a inestment only, investors will love long term tennantsBarry

HiBy the look of your user name you are a builder so I take it you understand the build regulations on this type of house, as in more than 5 individual tennants its a 1b, if council has approved this you should be able to show it to a insurer and all should be fine. I have student acc in Adelaide and have policies with CGU and they were told what…[Read more]

GavrossDon't understand, if you owe 120k @7% = 8,400 P/A + 5,000 in costs =13,400 costs. Rental income 17,160 + interest payment from gov 1,440p/a = 18,600 income. Is it not cf+ already.As well you equity should give you a lot more than 30k if you owe 120k and the value is 350k, should be around 180kBarry

Hey SamThe house is at Modbury Hts just off Ladywood Drive, so it is on a go zone to TTP and city, and woolworths is 1 block away. The house is 70's/ 80's built so no depreciation on build, however heaps on internals.I take it your from Adelaide if you have further interest send me a PM through my usernameAlways interesting to meet and talk to…[Read more]

Hihttp://www.planning.sa.gov.au/index.cfm?objectId=950D9953-96B8-CC2B-64953DBFDB91F7E1Look up your council on this page and in the documents it will give you the requirements for subdivision.Have funBarry

Hi TomI remember when Dysart was under $100k for a house and during the last boom before the GFC these houses tripled in price. The main thing with these areas is to get somewhere where new mines etc are happening. The qld gov has a web page that covers all these areas telling you existing and new mines etc, sorry can"t find the link, start with…[Read more]

If you have done your homework and have 100% decided you want to develop properties it can be worth it, if you are starting out go to everyone's free intro course and see which avenue suits you before committing to big $ courses, read their books first as well. Do not get caught up in the buy course now price, or the fact they donate to worthy…[Read more]

Well I have just joined so I am able to comment on this topic.There are heaps of cf+ properties available!I brought sept last year, with a 13% return. Either those who know stuff don't want others to know, or want $ to tell.Have a look at Port Hedland, WAHave a  look at Morranbah, QLDUnderstand what is going on in these communities, one is coal…[Read more]