I have always found westpac pretty expensive. You can definitly save money by moving the house and contents to someone else.

Clay

Hi Hotrod

I have a similar number of properties to you and read books etc. I also went to the masterclass in Brisbane and it was not your typical “raa raa” sesion.

A couple of points I picked up on from the class were well and truly worth the the ticket price.

There is always room to learn someting new.

Clay

Which area are you in?

Hi Carlin

I would be doing my own due diligence no matter what you think the other investor has done. Maybe the other investor has uncovered something since they submitted the offer and is only making can’t finance noises to get out of the deal.

Clay

Good call I would think.

Clay

Hi Dang

I’m no mentor, but happy help you if I can.

I’ve been investing for 3.5 years and curerently have 6 IP’s all +ve geared.

Where are you looking and what do you want to achieve?

Clay

Hi Paul

If you have the equity I would not hesitate.

Clay

Hi Jewel

What happened to the mother inlaw deal, will she let you secure against her house?

I personally don’t know the Kalgoorlie area, however, I have always found it easier to find tennants at either the end of the year (Dec-Jan)or the middle of the year (June-July), so maybe things will change soon.

I would be finding out why prospects where choosing other houses over yours. It could be something easily fixed like putting up a…[Read more]

Jewel

The rate are about $100.00 per quarter less than Brisbane. No doubt there will be an increase as I recently recieved the new Natural Resources valuation and the land value has increased by 345%. If that doesn’t signal a rate increase, I don’t know what would, but I am pretty sure there are guidline the councils have to follow so the…[Read more]

Thanks Richard

I will give them a call.

Clay

Thanks for the sugestions, any chance of some contact details?

Jewel, my Ipswich properties are great. I have had them for a couple of years now so I have had some fantastic capital growth. The tennants have been great, one fellow has been in the house for 14 years this year.

I chose to buy in Bundamba because of its proximity to services and…[Read more]

Hi Richard

Both in Burbong street.

Thanks Battleships and Tigerlilly for the feeback.

Battleships, your idea of swaping reno time for rent is great, have that happening now in one in Ipswich. This one however needs to hit the ground running.

Tigerlilly, the link you sent looks good so far. If they can throw them up for what you suggest it should work.

Thanks all

Tip- Look for properties with multiple income streams, lots look past them as too hard.

Hi again

I have seen the steamers for rent in wallpaper shops in the past. Maybe I’m showing my age, are there still wallpaper shops??

Clay

Hi Jessica

The steamer suggestion is the wat to go.

Wallpaper has a water based glue so to disolve it quickly you need something hot and wet. You can not use a heat gun on it because it just burns the paper and will not moisten the glue.

Petrolium based solvents will not work on a water based glue and will make it very dificult to paint a water…[Read more]

Hi Snapper
I have a software program for a couple of years called PIA that calculates it for you, they update the scales as they change. I have found it a good tool. You can check it out on http://www.somersoft.com.au
Clay

Thanks Morty

I apppreciate your feedback. I guess I agree with you but I am trying to avoid the elbow grease as I am spread a little thin at the moment. As I typing this I can hear Steve McKnight saying on Saturday ” Are you in the business of investing?”. Bugger! Don’t you hate that?

Getting there Steve, getting there.

Thanks again

Clay

Hi Greg

Here here!

Who cares about doom and gloom, Life is what you make of it.

Clay