DD, you should get a pretty fair price in Perth at pres. Selling poor performers is a good idea. Once the capital growth has been achieved during a cycle, it is no fun at all to hold a maintenance high property till the top of the next cycle.

Market wise on my sales, I had no impossible dreams of what price I could get by selling. I think prices…[Read more]

1) I am currently reducing debt by selling some Ip’s and taking the capital gains. With a very large low value depreciation pool, I can, currently, offset most of my capital gains from sales. This won’t occur for long as LVP’s tend to run out quickly.
I am willing to keep and maintain IP’s which I own outright, but I am not happy to become a…[Read more]

Quote:
Originally posted by Karl and Rita:

Ipswich, QLD here.

K&R

Hey, We’re practically neighbours, I’m Lowood.[biggrin]

If you want to get out of a hole, first stop digging.

Originally posted by woodsman:
Yet when you consider that only 1 in 200 property investors owns more than five investment properties, you have to conclude that something is horribly wrong.

Under today’s tip (5/2), there is the above statement. Can anyone confirm the source of this data?

I cannot confirm the data, but I was wondering at your 1…[Read more]

I am not familiar with developments but somewhere in my head a rememberance from a workshop I attended is surfacing.

If you sell a new property within 5yrs you could or will have to pay GST. Does any experts know the proper rule and details of this?

If you want to get out of a hole, first stop digging.

Originally posted by allymac:
mustang66,
I got no child support and never had the family support for child care.

Note: You may have been better off without child support from the gov’t. For some unknown reason, carried forward losses in realestate (usually a result of depreciation allowances) are added as a plus income on your income…[Read more]

Originally posted by Gonnaberich:
BUT the wife is pregnant they already have 3 kids and they cant find anywhere else to go so
Jill

Last time I looked there were very attractive government benefits and subsidies on children and bonus’s for babies. For a low income, there would also be a rental subsidy available to them.

Why are you feeling…[Read more]

Originally posted by Brenda Irwin:
Hubby and I will be attending. I’ve been having withdrawal symptoms during the Christmas break. I love meeting everyone at the BIG meets. Hope to see you all there next Tuesday.

If you want to get out of a hole, first stop digging.

Doh, Unfortunately hubby will be working way out in Pittsworth today, and…[Read more]

Hubby and I will be attending. I’ve been having withdrawal symptoms during the Christmas break. I love meeting everyone at the BIG meets. Hope to see you all there next Tuesday.

If you want to get out of a hole, first stop digging.

5 yrs ago I was easily able to make 12% or more gross yield.

Now, based on today’s market value, it is 6%.

This is only due to market values rising faster than rental returns. You cannot have a market boom like we have just had and expect peoples wages to increase at the same rate, so rents can also rise at the same rate, although it would be…[Read more]

Having once lived in Nth Qld, I can associate with most of those observations. I’d like to add an extra one:

You become more of a night person, and a day sleeper.

If you want to get out of a hole, first stop digging.

I am not familiar with OTP investments but I presume the finance is approved and the contract is now unconditional.

Early congratulations on your first ever purchase, Andrew.
It sounds to me that despite the value slumping a little before settlement, that you have gotten yourself a really great buy. What a great asset base for your first…[Read more]

I have 11 IP’s with Statham’s as PM’s in Ipswich. Haven’t had any problems with their management at all. Nearly all my tenants are tops, although some are a bit slow sometimes. None are rough on the houses at all and I have very few maintence bills.

Stathams are 3rd generation RE agents, so they know a lot about the city and the locals.

If you…[Read more]

Quote:
Originally posted by Jenny1:
I have an IP where I have been lucky enough to get someone that is a tradesman. [biggrin] He has approached me to say he could add value to my place (bathroom ensuite etc..)for reduced rent.

Has anyone done this trade off before? And did it work out in favour for both?

Thanks Jenny

Hi Jenny, If you have a…[Read more]

Usually in todays market, positive cashflow advertised by websites are including the tax deductions to improve the big picture. I much prefer positive cashflow from day one, and consider the tax offsets as an extra bonus.

If you want to get out of a hole, first stop digging.

I look firstly for affordability. It’s no good looking within 5km of Sydney CBD if my deposit and my income won’t support it.

So, when I’ve found a few areas where I can afford to buy, then I start to research the possible gross yields of a few areas. I want to make money, not lose it for 10yrs before I see a return.

Once I’ve narrowed the field…[Read more]

Great topic ‘Destined’, and by your interest, I think you should be able to get there with patience and perserverance.[biggrin]

Wow,’Oldtimer’, you have been in the game for a while. I only have $12million to go to get to your level.

I bought my first house, a neg geared beach house, in 1998 with my hubby. Our reasoning was, that should hubby…[Read more]

Hi C of G, Welcome to the forum.

I am far from an expert in accounting but by my limited experience it appears your rental average is around $230 per week. Based on your purchase price, this would represent a gross return of 7.7%. Based on todays value, it is a gross return of 5.89% which doesn’t even cover the interest rates, let alone Council…[Read more]

When investors become nervous, or just plain tired of it all, and want to get out of their investments, don’t always assume the bargains will be obviously listed a lot cheaper than market value.

Greed being what it is, properties will initially be listed for perhaps a little cheaper than market value, just to get an interest from buyers. Only by…[Read more]

I thought the agent auctioning a MIP was bound to declare it as such?

There shouldn’t be too many up for auction yet as it usually takes around 12mths for a lender to get that far along. Tis not a great look for lenders and they usually try all other avenues to recoup the money before a MIP auction.

If you want to get out of a hole, first stop digging.