Hi Like,Cant believe I am sitting around at this hour on Christmas eve talking property with strangers. Come to think about it, its not christmas eve anymore!We have a good relationship with our bank manager and we have spoken with the guys down at Acceptance Finance and have basically got the same answer. Im sure there are some lenders out there…[Read more]

New Investor 01 wrote:
One thing I need to better understand is borrowing power – for example, once we already have a couple of properties and want to buy a third (say), but of course our disposible income will probably be down to $50k/year since we'll occupy one of the properties. If the 3rd property will provide positive cash flow, does that…[Read more]

Marnie,If you still want to find out what the last sale price of the property was I can tell you, assuming that information was made public. I have access to Price Finder. If you dont want to put the property address in the public forum send me a private message. It will only take me a few minutes to get the price.

PJ,You are right about the article Charles presented. This is good news for Perth. There is an over supply of houses on the market in Perth and we are currently seeing Perth move into a buyers market and negotiating terms are good for investors. When you talk about the correct strategy I dont believe there is a right or wrong. Different strategies…[Read more]

Hi engelo,A friend of mine bought a property in Mildura earlier this year and he went up there twice to get a feel for the place. I think he knows some of the better areas. Maybe I can put you in touch with him if you are still up there. how long you staying for?

Dazz,One way to fast track your search and maximise your time is to use a dedicated property search engine. With a good search engine you can look specifically for OTP, renovatable opportunities or positive cashflow. Check out this linkhttp://www.realestateinvestar.com.au/odau/?a=SP30If you have any questions about this I would be happy to answer…[Read more]

Hi Johnny,Good work on finding a +ve cashflow property on realestate.com.au. How long did that take you?<moderator: delete advertising>

Hi Sjostrom,Yeah I have agree with with Packer. Momentum Wealth are definitely one of the best buyers agents in Perth and Damian Collins is one of the most reputable guys around. The only problem you may have is that Momentum Wealth mainly concentrate on inner city properties, which in Perth can get very expensive.

Thanks guys  just a couple of more things,Once you begin to rent it out are you still eligible for all the normal deductions you receive with a normal IP?  i.e interest payments depreciation, repairs etc.Also if there is no defined amount of time you have to live in a property for it to become your PPR how does it qualify as your PPR.

No worries Workingonit, glad I could provide you with some good info.If and when you decide that you would like to have another look send me an email and I can see that any joining fee's will be waived or if you have any other questions just let me know.

We have a LOC of credit account that we use for investment purposes only. Initially got it setup to access the equity in exisiting IP's we had.  We use it as 20% deposits on new IP's and then get another mortgage for the balance.You need to be very disciplined in making sure the interest is paid promptly each month.We did get advised to split the…[Read more]

Hi Hendricksecureserver1 is correct in pointing out the Real Estate Investar is a great place to start with your research.An understanding of different property investing strategies and due diligence is still a must, but Investar definitely cuts down on the time and effort involved in creating a shortlist of the kinds of properties that match your…[Read more]

WorkingOnIt, you've definitely got a good feel for how Investar works.A few bits of extra information that will clarify some of your issues:The upfront costs are waived if you purchase via a registered Real Estate Investar partner.  Your membership fee will also include free access to the reports and podcast.As Investar is sourcing it's data from…[Read more]

Marie,'Dont be fooled by the 250k club. I am personally a member but in all honesty I think it was just some clever marketing to sell double passes to the 3 day conference. And dont get me wrong I think Steve is awsome and would pay the money to go to his conference without a second thought but being in the 250k club does not mean we have access…[Read more]

Hi GH,I am in pretty much the same situation – a member of Steve's $250k club, live in Perth and currently researching developments sites.  I do believe there are quite a few decent sites out there – suburbs like Armadale, Maddington and some suburbs around Kwinana all seem to have big sub-dividable blocks at a reasonable price.What tools are you…[Read more]

Hi DebI have been a subscriber to RE Investar for close to a year. There are no other search engines like it. The only things that can compare to Investar are realestate.com, domain and homehound and these websites cant even come close to doing what Investar can do. RE Investar actually searches all these websites and a few others when you perform…[Read more]

Justin,I see your post is getting a little old now so wont go into too much just yet. Are you still seeking advise on software and internet site's. I am a regular user of Real Estate Investar – property analyser and thoroughly recommend it . If you are still looking for information regarding this site just let me know and I will help you out.…[Read more]

yes this is true. accommodation is going to be built on the Barrow Island. I have a friend who is going to be directly involved with the construction of the camp. One thing that most people are not aware of is that Barrow Island has its own airport and people working there are flown directly to the Island.

Guys,This issue seems to have quite a few grey areas.  I found a NRAS hotline number where you could speak to somebody and ask any questions which you may have. Now one of the Q's I was most keen to ask was the options available if you wanted to sell before the 10 year were up. I was told, and this is from a government representitive,  that they h…[Read more]

Thanks Lockymac,Since I have posted this comment I have read some other comments on this web site and  spoken to the NRAS hotline. But the most interesting thing that has happened since I posteds this comment is that I went to a Margaret Lomas seminar.  Have you heard of her???She has just written an article in "Your Investment Property" m…[Read more]