Hi Simple

Out of interest, where are you looking at for the 9% returns – regional or metro?? Are you able to find properties meeting this 9% return on purchase??

Great thread and many thanks for your insights Terry and JacM. When buying that CF+ve house on today's figures, I am sure many investors don't remember that we are at very low interest rates currently and what happens when the interest rates are back up to the high levels they were a few years ago. While it is easy to just 'put up rents' if the…[Read more]

If you do a search on "positive real estate" on this forum, you will find a few previous posts about the company

I heard through the grapevine that some developers had rented land to build project homes to sell on. Apparently there are information sessions at CIT (Bruce campus??) about it. From my very vague memory, there is an option down the track to buy out the land where you would own the land and house outright (I'm sure the ACT gov't wouldn't want to…[Read more]

Thanks for the homesales.com.au site – a nifty little site for an initial search through regions you may not have considered before…

From my search parameters, Broken Hill came up quite a few times… possibly because of the lower max price I entered…

mmm, didn't know this one, will have to give it a try

Yes, I do like the ability to watch posts on PI.com, great way to keep up with topics of interest!

Brilliant, forgot that little trick!

Many thanks JacM

Hi Derek

Great points. Your point about the 60 days reminded me about why we couldn't increase the rent – yep, sign a new agreement (short term!) on the current rent, work out what's happening and increase the rent as I can.

From some background checks, I dare say a lazy PM and landlord.

Anyone know of a good PM in Liverpool NSW?!? I'll have to…[Read more]

Many thanks for your comments

I too was very surprised at the amount in the sinking fund vs administration fund but since the first AGM, the Administration fund has always been about 10 x the amount in the sinking fund. The amount in the administration fund is always just over the annual expenditure amount so my clumsy thinking is that the…[Read more]

Many thanks Nathan

Yep, I thought many would raise it and good to see admin will resolve it soon.

Cheers,

Being a stickybeak, I went onto mipsales.com.au and I kept getting a potential virus alert from my virus progam (AVG). Does anyone else get this virus alert??

I think I'll stick to the conventional 'bug the RE agents' approach if this continues….

Hi allThis is a great thread, thanks for asking the question Glen, and thanks for the replies, great insight. If I could expand/hijack this question, I would be interested in how people manage renovations 'from a distance' (eg house is hours away or in another state) where driving to the renovation each weekend/night isn't possible. Like Glen and…[Read more]

The Canberra property meetings are held at the Civic library at 7.30pm on the 3rd Tuesday of the month. As Jamie says above, search for Canberra Property Investor group on facebook (I think the link is http://www.facebook.com/#!/groups/236871996398420/ )to keep up to date. Cheers,

Very interesting link Terry, thank youSo it sounds as that if you have 1 or more investment properties, you may be able to claim courses etc…. must talk to my accountant!Cheers,

Hi, I can second KeyStrategies thoughts about Steve's program. I was in the same situation as you New Starter (being overwhelmed by information and not sure where to turn). I am currently doing Steve's course and it gives me a great basis to think constructively about what others are saying (from what I understand Steve's course isn't meant to…[Read more]

HiI would also be interested in this as well (although from a renovations point of view). This was talked about at the recent conference (I am not sure if this is what you are referring to jonodick) as being sort of a 'get out of jail free' clause if the numbers didn't stack up.I spoke with 2 local solicitors who didn't know about the clause but…[Read more]

Many thanks for your recommendations JamieYes, I have heard that Kelly is good. Is she with Cosgrave Soutter in Civic? I can not find her in a Google searchI looked up Michael's details at Trinity Law – is good to have someone who specialises in property  And thanks for your other recommendations, good to have a full house of professionals!Cheers,

Hi TerryComing through clearer now. I am interested in your comments about the personal guarantees and understand what you are saying about having one person as a fall guy. From this, I would have thought that if one person was the trustee with all the investments under the trust,and the other partner owned the personal assets (PPOR, cars etc)…[Read more]

Hi CouttsYou could try Nathan Birch – binvested.com.au. Do a Google search to see the renos he has done and a search through this forum will bring up a few results about him. Cheers,