Sorry, not in Darwin. If you need help SEQ, Tassie or WA, I can help.

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!

yes be on the ame page first. One of my clients got to the contract stage and other half pulled out sighting parents “word of advice” as reason.

A lot of time wasted there. Back to square one for them sadly. Get it all in writing first so there is no he said/she said later.

Its all good.

DD

Buyers Agent (Dip Financial Services(FP)
Don’t sweat…[Read more]

Michael It is so good to hear my thoughts regarding fin advisors coming from someone else. I am qualified, but refuse to link my services to an institution which claims independence, sells only their products and never advises to buy direct property. A managed fund with 5% property is as close as they go. Please……save us from those smiling…[Read more]

Some lenders have reduced the LVR to 60% or over to attract LMI now so dont be to upset if you get a little surprise.

All you can hope for in SEQ now is a property that is the right price so when you do a reno it pcks it up to at least 7.5%, this with a depreciation schedule covers most costs if not all.

With the purchase pricing on…[Read more]

Founbdation thank you for not doing your usual copy and paste jobbie in reply to my post. It is most refreshing.

If you have a problem understanding my posts then just flip past them as I try to flip past yours in an effort to stay away from the usual dribble.

Forums are just that, a means for people in different locations with a similar…[Read more]

Oshen well done for travelling against the flow. Just Over Broke(job) isnt the way to go so find new friends that have portfolios ans support where you are at. You do loose friends and the “you must have done something immoral or illegal” crowd can simply disappear.

Be happy for at least in here most of the people are happy to encourage…[Read more]

Well done Tina, you seem to be making those sometimes hard decisions. Our strategy is to buy 4 and sell 1 every year. This shows as income for the new loans if done right and refreshes our portfolio as well.

As last year we bought a biggie(PPOR) we sold off 5 ip’s to get the mortgage down to something reasonable. Since then we have bought 2 and…[Read more]

Marissa is right a cheap air con can add $10/wk to rent as well. So $500.00 for a 1.5 split system and $450 back to back install gets you a $10/wk hike which gets paid by the tenant in 2 years and its your tax deduction too.

DD

PS146 Certified Financial Planner and Buyers Agent
Don’t sweat the small stuff,and it’s all small stuff!!

Foundation, I have found you to be quite negative to a lot of forumites on a regular basis. We all have differing opinions so lets all be happy about it and move on. Good you have an opinion and share it but we all would like to do the same without a few slices being requoted and belittled as you dont agree.

I feel that Det shoud have a go and…[Read more]

G7, no wonder you picked an icon with a frown. Not only is the Logan town house market kicking and I mean kicking along quite nicely thank you but with the announcement of the brizzy/ippy road expansion finally to take place, a lot of eyes have headed west.

With one 15 story tower approved for Ippy and another 3 on the desks of the council right…[Read more]

Guys as houses in SEQ have gone to a slow crawl over the past 12 months, the number and consistency of sales in the unit/townhouse market has not slowed. There was a stall only until the interest rates have gone up. Now that happend recently the uncertainty for a lot of investors has deminished and this had added urgency to their step.

What I am…[Read more]

Any 20k i spend would be on a deposit on a $100k property to sell later to buy PPOR. So the $20k could get you more than $65k and the deal is if you have enough $100kers then you can have choices you otherwise would not consider with only 1 IP.

Basic curtains for sure, what if a tenant has a party and the curtains get damaged or the place gets…[Read more]

my PM said I would never achieve $150/wk in my pet area, now the latest reno has nabbed $160 they mumble something and change the subject very quickly.

Good Luck and try anyway.

DD

PS146 Certified Financial Planner and Buyers Agent
Don’t sweat the small stuff,and it’s all small stuff!!

Derek the impossible is achievable on $5k and some imagination. The lift a small place gets from some really simple things like a rangehood, bathroom exhaust fan, toilet seat(white and clean) and a new shower head(low flow). The rangehood for $89, the fan for $15, the toilet seat for $20 and the shower head a furhther $20. The paint for a 2 bed…[Read more]

My sister has a house at bathurst, she and her husband moved to Port macquarie and rent a house. The one in bathurst they refinanced and bought 2 more IP’s. For them to own the house in Port would cost them $800/wk mortgage and they are also in their 50’s. As they rent it for $270/wk while they run with these IP’s they are saving a whopping…[Read more]

with a verbal agreement in place it is imperative that you get an agent to manage the property and do an entry report asap. If this cannot be arranged then the next best thing are the building and poest reports as a starting point.

With the low rent its either too good a tenant and thats got to be a very hard thing to convince me of, or they are…[Read more]

Never undervalue your own gut feeling

Look for the difference in applying your skills to each properties percieved problem and obtaining a happy outcome

Listen only to those that have done it and done it well.As 95% of all so called “investors” never have more than one property, why listen to their limited and usually not the best experience.…[Read more]

buying with a good tenant in place is also good as they tend to want to avoid the hassle of moving so a reasonable rent hike for minor cosmetic things is on the cards.

I use managers because they are nice to deal with, totally proactive and if maintainance is needed our IPPY agent gets quotes before calling to save me time and hassle. Managed one…[Read more]

Don & Liz and Baloo, great to hear you have had the foresight to rent while accumulating weath with IP’s. This is what I recommend to some people and it really makes sense. A client from Sydney was paying $460 for a unit in Abbotsford on the water that was worth $800k.

To buy this would be $1200/wk mortgage so the diff between owning(mortgage) or…[Read more]

a simple formula is the rent over the purchase price. Say $100k house has $100 rent a week. This is 100/100 which is 1 to 1 or 5% return.

The same $100k house getting $150/wk rent is 1.5/1 or 7.5%

Again the $100k property getting $180/wk is 9% and so on. Thats as simple as I look at property. Get this and your council/water rates and any body…[Read more]