Hi Herks,

If you’re going to buy a negative geared property I suggest that you make sure you’re going to get capital growth.

I think it would be worth getting the Residex Report on predicted capital growth areas to start you off.

If you pay tax there are lots of deductions you can claim from property investment. I prefer to buy newer…[Read more]

Hi All,

I use Deppro for my residential schedules because they are very cost effective. They have also been fast and reliable for me.

I have also used BMT and they produced a very nicely laid out report but were a bit more expensive last time I checked.

Todd Burns
http://www.freepropertyhelp.com.au

Good post from Lee,

Many properties are not CF+ if you accept them as they are advertised. You really need to do a lot of negotiation and put in a lot of offers to end up with the property that will be CF+ for you.

You may have to negoatiate hard on the price and be prepared to walk away if the financials do not stack up or you may have to…[Read more]

Hi Holdandrefinance,

I have taken onboard the feedback of Qld007 to be more specific
Click on the RAMS link and see if this loan product suits you-

http://www.rams.com.au/products/lowdoc.asp

Hope this helps.

Todd Burns
http://www.freepropertyhelp.com.au

Qlds007,

I gave H&R the link to see what lo doc information there was. There is more information available if you click the lenders link. Even more information available if you call the lender on the the phone.

Todd Burns
http://www.freepropertyhelp.com.au

Aleta,

I have some positive cashflow property information coming out soon. There will information on both houses, units and even commercial deals. You can go to my website to register to get the information when it is released.

I suggest that you need to be VERY careful with selecting the first property because you don’t seem to be in a…[Read more]

Hi Jaffasoft,

I had this little black ant problem in a property of mine too. I got it treated once and the ants just came back.

The second time I got the property manager to use a different pest control company and they ended up fixing the problem and the ants have not returned since.

It doesn’t sound like a legitimate reason to me to break a…[Read more]

MichelleandRob,

First of all let me state that cashflow positive properties in Australia still exist and I find them quite regularly (about 1 per week on average).

When calculating cashflow positive status I take into account ALL money used to purchase eg: Loan,deposit, legals, management, insurance and any other costs. I then consider ALL…[Read more]

Hi Canada,

I agree with Solomon. Don’t sell unless you have a good reason to sell. Especially if the property is not costing much to hold on to. The Sydney Market has softened significantly. Try and sell near the top of a boom if you can wait for it to happen again.

“Buy in GLOOM-Sell in BOOM”

Todd Burns
http://www.freepropertyhelp.com.au

Hi Holdandrefinance,

Have a look at the Cannex site http://www.cannex.com.au

Todd Burns
http://www.freepropertyhelp.com.au

Hi Freddy,

I own a nice IP in Northlakes Estate, Mango Hill (about 20 mins out of Brisbane). New Schools, new Westfields, nice parks, recreation centre, lakes and bike tracks. It’s very neat, well planned and lanscaped. It is also close to Moreton Bay.

I highly recommend it.

Todd Burns
http://www.freepropertyhelp.com.au

Hi Penguinchick,

I have a list of realestate search engines on my website that you could check out to see if they list rentals http://www.freepropertyhelp.com.au

Todd Burns
http://www.freepropertyhelp.com.au

Hi Tim,

Don’t be taken in by the high rent returns that you can sometimes get on display homes. You often only get good rent for a couple of years maximum and then the rent returns to market rate and you have to deal with that for the rest of the time that you hold the property.

I guess if you are doing a short term hold and are confident of…[Read more]

Hi Whatson,

I have a house in Townsville that has done quite well over the p[ast couple of years (as the Brisbane Market was cooling off).

There is an interesting PRD Nationwide report on Townsville listed on the reports page of my website. http://www.freepropertyhelp.com.au

Todd Burns
http://www.freepropertyhelp.com.au

Tomtkb,

Why don’t you ring up Metricon and ask them what a complete package would cost?

Todd Burns
http://www.freepropertyhelp.com.au

Hi,

I agree with Nigel. I too would rent if rent is cheap where you want to live and buy an investment where rent returns and capital growth are high.

This is a trend that is occurring now. More people are making their first property purchase an investment property rather than an owner occupied property.

Todd Burns
http://www.freepropertyhelp.com.au

Hi All,

Each of my property managers email me an end of year schedule of all income and expendture relating to my properties and I just file my bank statements as they arrive.

My accountant emails me a spreadsheet at the end of the financial year and I take about 1hour to fill it then I email it back to him.

He gets back to me if there are any…[Read more]

Hi Shazza,

On the basic figures you have posted, your property should be at least cashflow neutral. If you want more help you will need to supply more information as follows:

What’s the interest rate on your $100K loan?
Is it Interest Only or Principal and Interest?
Is it fixed or variable ?
What is the total of your costs ie: rates, insurance…[Read more]

Hi Jenny,

Business turnover does not mean much. I could be turning over 10 Million but if my costs are 11Million the lenders will be scared off.

A 100% + may be possible but the rate would probably be high.

I think it’s worth asking if this company has a product that suits http://www.onyxfinance.com.au/

Todd Burns
http://www.freepropertyhelp.com.au

Hi WWJD,

It all sounds so easy because you haven’t actually started doing it yet. [biggrin] The concept is simple but making it happen is no picnic. Don’t let me put you off though I love property investing (but not because it’s easy).

Ultimately your goals should determine your approach to property investment eg: Do you want to build some…[Read more]