Hi Bobby,

This is typically known as a ‘drive by’ valuation. In my experience ‘drive bys’ aren’t usually out by a huge amount. Valuers should do research on recent similar sales of similar properties in your area. Physically looking at, or in, your property is only a part of the research they would normally do.

Some valuers do undervalue to…[Read more]

Hi Nsellar,

DEPRECIATION SCHEDULES

Simply put, a Depreciation Schedule is a report that is done on your property by a Quanity Surveyor. They go to your property and work out the cost of each item that can be claimed as a tax deduction and prepare it as a written report. You give the schedule to your accountant at tax return assessment time.…[Read more]

Hi All,

I have researched Realestate agency techniques (including the Jenman System) extensively because at one stage I was interested in becoming an agent.

This is what I think Neil is saying and this is what I agree with-

Most people genuinely looking for a property will use newspaper advertising and open houses for research purposes as a…[Read more]

Hi Giovanni,

I am not sure of the cost for a Deposit bond on that amount but I think they are a great idea. You just have too make sure you get more from investing the $56K for the deposit term than you would for paying the deposit bond.

Of course there is that comforting feeling of your $56K being in your bank account rather than someone…[Read more]

Hi Nsellar,

So many people have hopped on board the Cashflow+ property bandwagon now that there is so much demand and so little supply. It is difficult for the novice because the experienced and savvy investors are using clever strategies to get the deals first. You could get what looks like a good deal but if you’re picking from left overs…[Read more]

Hi All,

Love him or hate him, I think we need people like Neil Jenman. He has fought hard to expose many fraudulant operators that have tried to mercilessly rip off property investors. Although I don’t think Neil knows where to stop sometimes I know he is a fierce fighter for the underdog and vulnerable in this world. I am not not 100% sure of…[Read more]

Hi Basil,

I understand your situation. I cannot help you with a Brisbane accountant contact because mine is in Sydney. But somewhere on a recent forum post I saw someone else asking for the same thing so maybe you could search for the response that they received.

All the best…

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

Hi Sean,

Yes, I have recently successfully purchased sight unseen 3 times. I would not recommend doing it on your first investment purchase and if you want to do it on your second then you need to be extremely thorough. Research is my thing because I use to be a Crime Intelligence Analyst but if you do not have a research background please…[Read more]

Hi Basil,

Property investing can be lucrative but it is very complex (if you want to be successful). There is never a formula that perfectly suits everyone because everyones’ situations and mindsets are different. I suggest you talk to an accountant that is a multi-investment property specialist because it is very important to build on the…[Read more]

WARNING, WARNING, WARNING….

I just found this information about Fox Symes

http://www.accc.gov.au/content/index.phtml/itemId/585988/fromItemId/684968

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

Hi Myjam,

I am heartbroken when I hear about people with children having to move out of a family home. I hope this information is useful to you…..

There are few finance companies talking about offering a shared equity mortgage product. This is where a component of the mortgage (up to 50% with some) is given a very low or even 0% interest…[Read more]

Hi Matt,

I use a comprehensive Excel spreadsheet that I made myself. It details EVERYTHING that my wife and I spend money on. I worked through the spreadsheet focussing on one item and a time. These are the questions that I asked myself-

1. Do I need this thing
2. Can I get rid of it
3. Can I get it cheaper
4. Can I make money on it (eg:…[Read more]

Hi Hellofawedge,

I hope you don’t mind me commenting on your questions about equity that you were asking Colin.

I can see what Colin is saying about the fear involved in using equity, especially if it’s from your own home. However my wife and I would have missed out on profiting from the last property boom if we did not use equity in our own…[Read more]

Hi All,

Brisbane 04- ‘Fuddruckers’ is near the Marriott River Centre. It’s in the same street as the Alamo (across the other side of the
street).

The breakfasts at the Diner behind the River Centre were unbelievable. You won’t like them if your into health food though. I ate waaaay too much.

Bardon- Ft Worth deals sounds excellent. I have…[Read more]

“Always let your conscious be your guide” – Jiminy Cricket
(Philospher and trustworthy insect)[exhappy]

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

Hi Andy,

I have to have a bit of a laugh at the suggestions of you and your wife going out to do extra jobs[biggrin]. Unless I am seriously mistaken you are having a baby [ohno2].

This wonderful event happened unexpectedly to my wife and I right in the middle of starting property investment portfolio a couple of years ago and I know, like us,…[Read more]

Hi Bom,

For a start, why don’t you ring the RE agents and ask how many properties there are for rent on their rental lists.

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

Hi Simon,

Why don’t you check out this site to see what else is available (if you haven’t already).
http://www.cannex.com.au[biggrin]

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

Hi Brisbane 04,

How are your Buffallo properties going? I have heard a few horror stories about property managers failing to collect rent and agents telling lies about rent returns and current tenancy situations.

It would be interesting to hear what your experience has been like. I hope that it has been positive for you.

I went to San Antonio…[Read more]

I find it relatively easy to find a gross return of 8 to 14% from properties with no immediate work required. (Before anyone asks, I am not going to tell you where because the competition on these properties is bad enough as it is). Steve- Stop buying all of Australia !![biggrin]

My point is you might find a CF+ IP but if you do, you have to…[Read more]