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DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
May 12, 2015 - 1:14 am
One of my IP’s did this recently, there was an 8 week changeover period but basically if unhappy with strata….change to another one.
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
May 12, 2015 - 1:11 am
I think you’ll still need additional landlords insurance……just a fyi.
Apart from that 7% is a good roi……after expenses but before interest.
Keep in mind I have NO IDEA what a Quest apartment is.
DeanCollins
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@deancollins
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Post Count: 376
May 12, 2015 - 1:08 am
The worse part about it is how the government is manically trying to inflate asset prices to dig themselves out of debt which causes ‘asset rich’ retirees who realistically have “saved their entire lives” only to find no pension there for them in retirement.
you need a hell of a lot more than $30k a year to retire on.
DeanCollins
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@deancollins
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Post Count: 376
May 7, 2015 - 12:00 am
but do you know if it was retroactive across all properties or only new purchases (obviously the govt doesn’t have to follow the same route but might give guidance).
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
May 6, 2015 - 10:52 pm
Catalyst wrote:
I’ve got cash at the ready for when it happens.
10
1 Vote
Aren’t you worried that the base purchase price will go up another 10-20% in the meantime from today, eg i don’t see a RBA rise happening for 18-20 months, if I waited for “the pullback” the purchase price may fall 15-20% but that still means I’m taking the risk of paying 5% more than I am today.
…..and there is the risk the pullback never happens.
Keeping in mind though that if you don’t borrow now your repayments can lower existing debt and help your LVR’s that might be worth more than the 5%.
Thoughts?
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 21, 2015 - 3:36 am
Hi Jessie never heard of ti but WAS interested in their landlords insurance link http://www.rentcover.com.au
Way cheaper than nrma
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 18, 2015 - 3:07 am
@captain, if inflation ‘was’ from growth (either population increases OR technological productivity increases) then I would say that yes inflation is healthy (eg we are making more therefor M1 goes up).
However quantitative easing (and or artificially low interest rates) to induce inflation is not healthy.
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 16, 2015 - 7:14 am
@cattleya,
Governments are using a number of financial tools to actively accelerate inflation.
If you believe inflation is healthy…..then you’re wrong but I wish you well.
If you believe inflation is currently 2-3%……then please seek medical help :)
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 14, 2015 - 11:24 pm
@richard do you know what sort of discounts are available on the 3/5 year fixed for multiple properties off the 3.99 and 4.39 quoted?
Not that much less than we are currently getting from St George after all their published and unpublished discounts are applied.
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 14, 2015 - 3:15 pm
@terry, as discussed previously….I prefer “fixed” so am curious who is ME Bank? and what sort of 3 and 5 year rates are they offering?
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 12, 2015 - 6:46 am
@don,
Do you find that there is a stream of tenants looking to rent on the central coast or is there a bias towards owner occupier on the central coast.
Not to doubt your numbers but…..those sound like really high ROI numbers. Do you want to suggest some suburbs that you’ve found rental returns like that?
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 12, 2015 - 5:25 am
Bump…. $5.99+shipping?
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 8, 2015 - 8:14 am
good news for investors. any short term benefit (eg easier servicing on our mortgages) gets eaten up by higher entry points to purchase more property making it expensive to grow your portfolio
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 5, 2015 - 11:34 am
come on guys…..25 views and no ones willing to have a fun punt on what they think the outcome is going to be :)
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 2, 2015 - 2:46 am
How much do you pay per annum for your landlords insurance through EBM insurance? What were the terms apart from $500 excess?
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 1, 2015 - 11:57 am
you can bet if I put my own hand through an existing window in my house that wasn’t up to code but existing that I wouldn’t get $800k compo for it.
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
April 1, 2015 - 11:54 am
ridiculous….. Australia is becoming just like the USA with ambulance chasing lawyers at every turn.
sure its easy for landlords to joke now but you only need a few 800k payouts before no one wants landlord insurance and everything goes to hell and it becomes a multi-thousand dollar a year expense to insure.
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
March 29, 2015 - 4:35 am
@catalyst so for your strata apartments how much are you paying per year for your landlord insurance and who is it through.
Is anyone on the list getting a “bulk” discount because you have 10+ properties (and I don’t men the usual….we’ll give you 10% off because you bundle everything through the one insurer I mean a real discount……).
Maybe an easy way of doing this is can people post below how much you are paying for landlord insurance and who it is with into the post below.
Lets make the PI.com website valuable by working with each other to find the best insurance possible for LL so we can keep more money in our pockets rather than expenses…….
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
March 27, 2015 - 8:18 am
dropped it to 9.99 + shipping……. lol and that’s what makes a market :)
DeanCollins
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@deancollins
Join Date: 2015
Post Count: 376
March 27, 2015 - 8:09 am
Terryw wrote:
Take the 23% from the LOC and borrow 80% on the IP = 103%
….ok but you have now cross colateralised his loan…..isn’t this what everyone is saying not to do?