I own a house on Vineyard street in one mile and its got dual access from the back on Darcy Lane near the river. Since the bridge from Ippy got redeveloped a few years ago there hasnt been too much happening there except the odd infill house on a vacant block now and then. The good thing is that in 2003 I bought this for $95k and its now worth…[Read more]

Well guys here they are!!!!Peter Lang & Associates, Maria DeFrancesco 9363 2377 Fax 02 9362 3146 Suite 610 Eastpoint Tower 180 Ocean Street, PO Box 85 Edgecliff 2027Very property savvy people there. Say you are referrals from Dave Thomas who has used them for 5 years. Very nice tax returns.DD

Richard is right about small units being a worry from most lenders, but both the NAB and Comm Bank have recently loaned on 38sqm one bedroom units in Woodridge Qld. This area is having another surge as Im sure Richard will confirm so Im just wondering if hornsby area is currently getting cap gains or is still flat like other parts of sydney. As…[Read more]

Had a client who bought a property with a rental guarantee a few years ago in Sudney. Not only couldnt they get a tenant but they also had to sue the developer to try to get their guaranteed income off him. Often there are clauses and they favour the developer squeezing out of paying any of the guarantees. Both Terry and Richard are right in that…[Read more]

Nice to see some 1955ers with the rent yourself to invest better strategy looking to move forward. Being a 1962er Im not far behind you timewise and my wife and I are a bit further on in the investor journey, but have always said that if we needed to start again we would rent, and all of the difference between the rent and what we would have to…[Read more]

We had a tenant recently who fell down the stairs, she then said she was thinking of suing due to the stairs not being safe, so we had them assessed and guess what, they were fine. Then she said she was injured and could we carpet the stairs for her so she could feel better, so we got a quote just to keep her happy, we said we would think about…[Read more]

Wow to have such a fine criteria that it "has to generate exactly $40.00/wk after costs" I wish you good luck. It is too hard for me to find these things easily and with so many sources for property and advisers and new properties out there with not much more than 6.5% return these days in good growth areas, I think you are a bit too unrealistic…[Read more]

Get a building and pest reports on all properties, get full internal pics from the agent showing anywork needing to be done, get the agent to arrange a couple of quotes and bingo, no need to visit the place anywhere in australia. Now if you are a nervous investor that needs to touch and feel a place then by all means make the trip, but if you get…[Read more]

Gee wiz guys, it seems I go away for about a year and the first time I look at the website again you are bagging buyers agents, birddogs whatever you like to call us for offering time poor people a way to source investments without putting in the time and reinventing the wheel.Xenia, It is in my personal opinion, always those that are frustrated…[Read more]

Hi Stuart, wow very indepth info there, thank you. It is always good to get a clear perspective from someone else in the same industry on how they do things.

What I do as a buyers Agent is slightly different. I believe a buyers agent should have a fixed fee for property sourcing. This is based on doing the best job possible for the client, the…[Read more]

Once in, cool or cozy is difficult to move or work arond without having scuba gear on. I recently did a reno on one of ours last year in Rosewood.

I thought yeah 2 days and ill be done with the bathroom reno. Big mistake. By 10 am each day it was 35 degrees C or hotter and it became unbearable to even start on the bathroom. Action needed to be…[Read more]

Wow, there is a pine kichen company in North Ipswich that does kitchens to order as well.

The Pine Shop Kitchens
2 Lowry St Nth Ipswich 07 3812 3716
Merle 0417 615 144

Another cheap one is Hoges Handy Supplies
7 Agnes Street Bundamba 07 3816 0566 Kitchens Vanities etc.

So they are both western brizzy and not suitable unless you transport, but…[Read more]

Yes moderators, do your job please. Another advertisement somehow evades your attention.

Peeved again

DD

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

Yeah, advice on a specific subject is fine, we need to register our feelings of blatant advertising, where many of us have property related businesses and just contribute to others, not leach on the godwill on a furum like this. A couple of years ago, when I started posting in here, I said I was a buyers agent and a moderateor deleted my…[Read more]

We all get bad tenants with a poverty attitude, yet being able to send their kids on $400 excursions to Canberra and having a $40k 4wd shiny in the driveway and not paying their $185/wk rent wears very thin.

We self managed this one for 6 months, flicked it to an agent who had had enough of the husbands posturing in 4 months, went to court and…[Read more]

Richard is again right on the money as due to the scams several years ago in Qld their rules governing tenancy are a lot clearer and better defined than most.

Having recently done my sales registration course in brisbane, I can do nothing but agree with his assesment of this case. Get em out, claim the bond for wear and tear and find a new agent…[Read more]

Well said that cashflow keeps you in the game where cap gains makes you rich.

Most of the deals I see are only 5-6% return so they dont pay for themselves, costing you considerable cash each week out of your pocket.

Don’t instantly think any deal will generate cashflow. Buying in an area that is due to get natural rental growth, then adding…[Read more]

Alotti, the one question this also raises is, if they are successful investors why are they doing other peoples profiles and not working on their own full time?

Be sure that the assets they show in their A+L spreadsheet do include liabilities clearly and the LVR. If they are too heavily geared in their portfolio, that in itself shows they need to…[Read more]

Land tax in tassie is on the first $1.00 of properties bought for investment purposes, there is no threshold like in Qld. If its not your PPOR it gets hit with land tax.

Secondly the higher management dfees in tassie is right. They usually are 8.8% and there is a 2 week letting fee not 1 as in the other eastern seaboard states.

However I do a…[Read more]

Fivetalents what you are suggesting is sometimes called the 4 pillars approach.

This is where you first acquire 4 cashflow positive properties. This these days is usuallly achieved by finding properties as close to neutral as you can and improving the return by renos and rent hikes over time.

Ok so now you have 4 properties pumping out cash to…[Read more]