Haha – love these types of things.

I once received one because the line on the clothes line was a tad loose. It was a brand new property so it had obviously stretched by a very minimal amount.

In this same situation myself and have been for years…
Tenant says they have no pets, then I find out they have 2 or 3 and they are inside. The lesson I have learnt over the years, across many of my investment properties, is to not sweat the small things. Ask yourself: are they paying the rent on time? have they ever missed a payment? are the…[Read more]

I cannot remember who my wife chose to have our insurances through, but I am pretty sure we pay around $900 per property/year.

Good question – the PPOR would probably be worth $440000… I will always regret letting that house go however, I really feel that by selling it I have kick started myself to invest further. I also look at the equity I have created in the duplex and can see it exceeds equity I had in the PPOR.

I know that by building up my offset account and…[Read more]

Hi Guys,

Almost 2 years later and I felt like writing an update:

I am now 27 years old, still married :) and no kids on the scene yet. I’m still property investing and here’s where I am up to:

Combined income is around the same $190000.

Investment property 1: (2012) Purchase price $245000, Bank valued at $305000 on I/O, secured by itself -…[Read more]

In my opinion, Rockville is one of the least desirable suburbs of Toowoomba. I know this because I live in Toowoomba.

Great to hear!

Catalyst – Duplex won't be strata titled and after speaking to the bank twice, I have been informed that the loan on the duplex can be split into two separate loans. You're right about the properties being cross collaterised, but I'm happy for this to happen in order to form securities. We are both on great incomes and I'm confident that we can…[Read more]

Hi Simple,

Wow, I'm really motivated you mentioned the buffer account as that's exactly the language we have been talking. I told my wife that we'd get into the unit, own it outright and then get all 3 investment properties neutrally geared. From the moment they are neutrally geared we would create a buffer account so that we are protected should…[Read more]

Hi Rachelrodrigues,

I have mine through Toowoomba City Realty and they have been nothing short of perfect. They charge a flat fee of $110 per month and have been prompt when following up concerns. I knew they were a good company when my friend (a renter) said they didn't like them because they are too picky my reply was "perfect".

Jamie

Hi Shape,
Is it an internal wall when they built a deck and essentially closed it in to make a room. They then knocked down and internal wall to create open plan living.

Hi JacM,

The reason i eventually want to do build a duplex and live in one side is for a couple of reasons.

1) We have only ever built properties brand new and we still wanted a "nice" newer house for ourselves. Something that we can stay in for many years while we cement a decent property portfolio.
2) It may sound silly, but we have a couple…[Read more]

Ok.
Once I sell my current PPOR and buy my next one, I was planning on keeping the new ppor as I/O as I believe it’ll eventaully become an investment property itself. I wanted to pay it down in full so that we can devote our funds to the offset accounts of the IPs. Im located in QLD so not sure about the benefits of putting it in different…[Read more]

Wow, ok, good advice.

I was worried about all the things you mentioned. I wonder if it'd be better to get a steady tennant through a PM and then drop the PM once I see that the tennants are doing the right thing…