Elisey
That can happen.
Consider a new agent or go get them of there date and do something.
They are the ones getting all the money for no risk!
Bluegrass

Jamie M
What is the main reason then!
Bluegrass

Hi aturner
I am no finance guru, but with your tax levels positive geared is not the answer.
Granted you get depreciation (on positive geared property), but why would you want to put more money in your account to be taxed more.
I build investment homes for people and have done so for over 16 years.
In you position you should be looking for new -…[Read more]

Elisey
Just remember that if you have to go $50.00 under market value at least you have stop the flow of cash out of your pocket and a percentage of the drop can be claimed on your tax.
Also make sure you are using the ITWV form so you get your depreciation back weekly if on PAYG.

Novusprimo

Putting it out to tender will be time consuming and the only builders that will come back to you will be nail baggers.

You can work out the fair price yourself by asking the builder who quoted you to brake it up into sections.
What you are looking for is a meter square ‘m2’ rate.
The price also depends on whether you are building full…[Read more]

Hi Michael
I have yet to see Westfield commit to that town centre! Your quote.
Michael you must have missed all these articles

Westfield Saves Up To $94m on Coomera Town Centre Infrastructure Costs

Headline from the site: “Westfield Saves Up To $94m on Coomera Town Centre Infrastructure…[Read more]

NSW2011
Exercise your cooling off option NOW!
The building is a lemon, if it is 3 years old it will be a lemon tree by the time you stop spending money on it.
The agent is not to be trusted in this case. They would have known the condition.
If you want to give money away, I can get you millions of bank accounts to put it in.
Cooling off means…[Read more]

Hello JCB123 There are two main areas of Redbank, the area closest to Goodna and the area closest to Springfield Lakes. Going anywhere near Goodna is going to cause you heartache in the IP business.Getting close to Redbank – Springfield, Brookwater etc. will in time make you very happy. Redbank – Springfield is quickly growing with the major…[Read more]

Hi ccpat
There are a couple of reasons people ‘investors’ are fleeing Logan Central, but I believe that the main underlying one would be that they cannot see the property they purchased getting back to what they paid for it anytime soon, we are talking years!
Logan, Marsden, Browns Plains, Crestmead etc. were all sold out by Marketers, in other…[Read more]

Hi Leehom
Usually the internal depreciation runs out at around 7 years and the external 25 years.
So you have some of the external left.
Internal, the best thing to do is renovate what is there.
Do the carpets, curtains, paint, fans, lightfittings etc. and then get you QS back in.
You will be pleasantly suprised at what can be achieved for not a…[Read more]

free wrote:
Good Morning All As the subject suggests, all the savvy investors can you please advise how do you manage time, specially with 2 kids, 8years and 13 months. How do you set up your day? What do you do differently? When do you get time to see properties? Sorry got to go 13 months old needs breakkie, has been unwell and so is the 8 year…[Read more]

saqib wrote:
Hi All,I am planning to buy my first property but not sure where should i start from, I can afford a mortgage of $180k and i have $80k in savings to use for the property, so i am looking for proeprty around $250k mark in Qld. Can anyone tell me which areas are good to buy (less property price)and where property prices will go up in…[Read more]

Hi Dloy
It about building a bigger bank account using other peoples money. Easy really when you have an open mind!
Love you signoff comment
Bluegrass

I agree with Jamie M, 4% is low when there is some good stock in the market at the moment and the yields are all over 4%.
In fact the NRAS product I wrote about is 6.84% and gives you another $60.00+ per week in you account.
Bluegrass

As both Jamie M and JacM state, there are a number of ways to go about this.
With you total gross income being so high, your thoughts on 90% would seem founded.
As your safe input is considered the least amount you could put into an IP, can I suggest the NRAS product.
I have done some sums on our NRAS calculator and the following figures (they…[Read more]

Hi BonnieAll you really need to do is get and asset and liability (A&L) form completed and then you are not stabbing in the dark.Bluegrass

Hi David
If you call BMT you should be able to get the report for $440.00, that is all our people pay. N.B. New property only!
Bluegrass

Hi again anhie
We just put a lady into an Investment and see is earning 45,000 gross with a property worth 329,000.
Anything is possible if you try.
Well done, keep you mind open and away from seminars!
Bluegrass

Hi anhie
Get a good finance investment finance person to give you the right advice.
There are a couple on this forum, but there are others.
What part of the country are you in?
Bluegrass

Hi kasd
Not knowing where the land is, you are on a hiding to nothing if you do not have the finance and you want to keep it.
There is a great saying, ‘never plant a tree in another mans yard’!
If you want a JV partner make sure they are family and family you want to be in business with.
You have the upper hand in that you have the land, work out…[Read more]