Yes, again I find myself in agreement with Derek about get your max equity now. I have so many people that ask me to find IP’s and when I do They say ok ill get finance now and 50% dont or cant for whatever reason.

Now I ask people to at least have pre approval which means the val on existing equity is done and all is set except for the right IP.…[Read more]

Milly my investments are in 2 x Booval, 2 x Bundamba, 1 x Redbank Plains, 1 x Eastern Heights I just sold, 2 x One Mile, 1 x Leichhart and 1 x Rosewood. Yes I’m up there and know the subs to avoid and ones to feel safe in. Booval has the best private and public schools in the area, is close to Booval Fair, and I just sold my 2 on 1 title there for…[Read more]

Madhun, you have mentioned areas where I personally have 17 properties in your short response. Uncanny, totally uncanny.

Good call I say.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

Forgot to mention, all of my property managers get a personalised coffee mug with their name on it. Spelling unusual names correctly gets you big brownnie points too.

So in a busy office with lots of people in and out, everyone knows whos cup is whos and I also have my business card on the opposite side of the cup. They never have to look far for…[Read more]

Baaaa humbug and poppycock, you guys are missing an area where there is a high propertion of great size blocks and only 40 mins to CBD.Thats Ipswich area, which is only now reaching the early $200k level for this style of house. I just sold one in Eastern heights a few months ago for $185k near great schools, it was 800 sqm, was close to a bus…[Read more]

I did the same with an airconditioner for a house in Redbank plains I own, used LOC to pay for it, depreciate it nicely, claim interest and got $10.00/wk from tenant.

I also wholesale aircons now to investors witha 5 year warranty on the compressors. Any interest let me know.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

wraps are designed for owner occupied properties. That is the person that takes on the low deposit high repayment part, not the original owner. So if you do the wrap, you have to live in it. If the property is in SA with a no wrap policy, guess what, move interstate or you are stuffed.

Thats my understanding but goto webuyhouses.com.au
and that…[Read more]

Sorry Kay, just a small dose of calm in a very large pond of this discussion.

I have seen a correction where I invest and not a crash. Based on last years figures which were unsustainable to say the least, there has been a stop to house growth. This is due to a massive surge in the last 2 years and nothing can sustain that kind of growth for…[Read more]

the elusive cashflow is interstate and overseas oh great latecomer to the wonderous world of investing. They hide their bushells in paces good people fear to tread. Those bounteous lands that have slight speach impediments and large opinions……WA and NZ. Cheap airfares though!!!!

Dont be alarmed you are not alone. Many have failed to catch…[Read more]

how many do you have where and which one of them has gained the most capital in the shortest time.If you can easily see which has grown the most, and you are desperate for cash, sell this one as long as its over 12 months you have owned it and pay down the others.
We have sold 2 recently and gained 163K having bought them last year in Jan and Feb…[Read more]

Sure can move in to it after you rented it for a few years to pay off mortgage. A good idea is that when rented do all and I mean all of the repairs and reno you would like when living there.While its being rented its a tax deduction and when you live there its not.

So rent it fix it and when its yours(and not the lenders) do what you…[Read more]

yeah buy in Perth instead, my two are a bit sluggish there so any help in pricing is appreciated.

Just kidding. If SA is the only state to ban wraps its not surprising. I lived at Henley Beach for a while due to a girlfriend(20 years ago i might add)and I felt so uncomfortable that now I invest it has never occured to me to try any SA deals. I…[Read more]

Baa humbug and poppycock,
get into a close relationship with tenants and it can backfire. I chatted once to a tenant at a townhouse and when he didnt pay rent he found my number when we were trying to evict him and pleaded for more time. We finally took posession after he had disappeared, leaving all his s..t behind.

He knew by law we would have…[Read more]

Melbear im with you in occasionallly paying things off. In a month we will be in our new Coffs Harbour home worth $850K we will have a $340k mortgage and Ill repost a $0 before chrissy when this is paid off.

Hehehehehe

Have fun and play monopoly too(with real houses)

DD

Don’t sweat the small stuff,and it’s all small stuff!!

Aceyducey are those gaming sessions age of empires2 Conquerors by any chance? And if so my longest game was 13 hours over 3 nights. No trees left and relics out of reach after transport sunk and the relics were just off the shoreline.DOH!!!

Oh sorry this is a property forum oops.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

wezwaz, as Terry said i seem to have ‘nailed it’ with what to do with available cash in another post. Go find the one that does that and see if you would like to talk to me.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

find me any house that is $100k with 180/wk rent and I have 6 buyers for it.

that is 8%return anyway and as the loan is 7% management is 0.5% your contribution is rates and maintainance/reno.

I’d still say this was a yummy deal in todays market.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

Wife and I are always asked why we have our loans in personal names. It is easiest and quickest to get a loan. Some lenders now charge upto $1500 to read your trust deeds prior to approval of loans, some lenders then say no to trusts anyway just to piss you off. Icing on the cake is when they know you are urgent and the loan is delayed 2 weeks…[Read more]

Seminars schmeninars. All you get are promoters selling dud products at inflated prices. Its now happening online as well. One such is a new 22 townhouse developement in Waterford West qld. It has purchase price at $205k with all sorts of wizbang assumptions on occupancy etc.

Now guess what, thats one of my ‘pet’areas. There are 4 stages of this…[Read more]

$100k investments is what I find for people. Maybe Derek for finacial advice and me as the spotter?

DD

Don’t sweat the small stuff,and it’s all small stuff!!