read, ask questions, find a mentor, then go for it. The best time to invest is always when you can afford it so good luck and have fun.

DD

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

Ask the managing agent your rights and obligations. They will, if any good, spend the time to be very clear where you stand.

Good Luck

DD

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

Managing one tenant per property is hard enough sometimes leave alone 2 or three. Be very careful as sometimes the $$ on offer get chewed up by increased maintainance or insurance or other costs due to several tenants that “dont care coz its not mine”.

Not something I would do.

DD

PS146 Certified Financial Planner
Don’t sweat the small…[Read more]

Always the same posts of gloom and doom. I say goodie!!! for where others see problems, I see challenges to solve.

I buy entry level properties and do renos and hold them. I get ok returns and currently have a 64% LVR over all. I agree with some of the other posts, doing nothing is going backwards. Never be afraid to have a go, and if you fail…[Read more]

Kate, sometimes we do in the shortterm what then allows us the freedom to choose what to do more easily later. So you go to work for a bit, not too hard a call when you see that by working a year, you will then be in a better financial position to invest and cut back the hours.

Forgoing some quality time now may allow you to have much more…[Read more]

HI Rita & Karl, well done is the first thing that comes to my mind. To have a home and 2 IP’s you are already above 95% of all investors, great work.Secondly, dont be afraid of changing IP’s for profit.

We just sold an IP in Perth that was a dog for maintainance and returning just below 6% for a townhouse in SEQ which gives us 7.5% return in our…[Read more]

Well we took 13 years to pay off our mortgage in Sydney. It has taken us 4 years to now have a gross worth of over $4mil. All the tax and depreciation benifits, staying put in Sydneys west for longer than we needed to, and then doing the quantum leap into a $million dollar street in Coffs, I think its pretty clear.

Rental of a nice place is…[Read more]

OK last week down in sydney I was in front of a lawyer and his fiance. They were renting a unit for $460/wk, to buy the house would be $800k, this would mean a 1200/wk mortgage.

I would prefer to rent and live where I wanted rather than struggle and live where I could only afford. Ok end result, happy you due to location, happy you as you have…[Read more]

Buyt established hgouses/townhouses hopefully with tenants in place paying good rent. Cash back as soon as it settles to pay the mortgage.

Building delays like that in Ipswich area of Qld too. Means one thing to me, pockets that have been missed to find and invest in. Thanks Hobart.

Keep the good news coming.

DD

PS146 Certified Financial…[Read more]

Watch out on postcodes for some of these suburbs, Penguin, even though its between Devonport and Burnie its postcode means the antequated mortgage insurers downgrade your application so you may only get 65-70% LVR loans or pay high LMI.

JUst a thought.

DD

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

Dont sell as it does act as a catalyst for capital gaoins and the tax man always has his hand out so no thanks. $600k if you got that as a bank or lender val would mean the safe 80% lend would have you at $480k lend. Depending on your servicability, an extra $190k couuld be released as deposits and costs. So what are you waiting for.

Good…[Read more]

100k cash to me would mean 4 x $100k properties plus costs. This would mean that with 80K debts and rents of $150 achievable then I’m a happy man.

Just a thought.

DD

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

Gatton uni will help you as they add new places to their list like most other SEQ campusses. Rosewood is 20 mins to Towoomba and 20 mins to Ipy campusses so its prome location for growth as well. $1.8mil estate going in there now shhhh!!!!

DD

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

Hi Marissa, Hi Purple Kiss, havent seen you guys on for a while. The issue none oif you have raised is the asbestos fencing that was used in all of these areas up until about 10 years ago and is now slowly being replaced by Super6, the asbestos looking corrugated fencing that is non toxic. For a novice investor watch out as it is hard to tell the…[Read more]

My wife and I totally agree, that should we start again with our current knowledge we would rent for 5 years while squeezing the life out of the cash we had to build a property portfolio.

Decisions like this are yours alone as others have said but if a previous example had been taken a bit further a Sydney 3 bedroom inner city unit costing $800k…[Read more]

If you paid the 80k ff the loan properly and didnt hold in an offset account you could ask your lender for a variance on repayment and get your monthly amount reduced. So the cost of the money in the offset account is the loan repayment level being set higher than necessary.

Your choice your call.

DD

PS146 Certified Financial Planner
Don’t…[Read more]

For manangement I am so happy with Ipswich Rentals and Sales. Ask for Angie and Liz. We have 7 with them after another agent had so many staff changes and inconsistencies it was costing us.

Been with Ipswich Rentals & Sales since May and they have already proved their worth. PM me for further details.

DD

PS146 Certified Financial Planner
Don’t…[Read more]

To Yack, we moved to Coffs in June 2004 after putting our PPOR in Sydneys west on the market in March, it only settled in Dec so 9 months to sell is NOT out of the question and although Poochi may be right on as far as timing, he/she has done extrordinarily well to have paid off their PPOR for $530 on an income of $38k

Well done Poochi, great…[Read more]

Anubis anyone in here who actively has a bubbling property portfolio and says they have good cashflow, isnt doing it right. We have several ip’s and all the rates and BC fees and maintainance and stamp duty and legal costs and building and pest reports and travel costs and course fees…………you know what I mean.

Many people looking long term…[Read more]

HI Hobart, look north young man, not too far either as Launceston, with another 260 jobs from the Optus sim card activation centre relocating there will add impetus to this market. All local indicators there are that another $20-30k surge for the entry level $100k market will occur soon.

One indicator was 57 land blocks sold at $125k each in a 3…[Read more]