Be interesting to see who this all plays out over the next 6 months or so. Given we are apparently saving more than we have done for a long time I wonder how much of the rate reduction will flow through past the 'save' and 'pay down debt' and 'the banks not passing on full reduction' issues we currently have.

Probably not a good sign for the…[Read more]

Road trip would take tooooooooooooo long. Ever REA along the way would be another stop looking for the next deal.

How long do you think you will cease work? The answer may make a lot of difference to your grand plan.

Are your properties cashflow positive? If they are then your mortgage repayments and expenses are covered by the surplus rentals.

If they are not then find out which property is costing you the most and maybe, consider selling that off as per…[Read more]

Hi Boris,

In your first post you said, "I simply don't want council getting their hands on my future superannuation and potential large long term gain."

I don't know enough about you (age, income, experience etc) but in the long run this property shouldn't make or break your super plans. 

Step back from the emotion of your current situation and…[Read more]

Hi Shahin,

For more details https://www.propertyinvesting.com/forums/help-needed/4346188

Are you seeking true mentoring programs or assistance to achieve an investment philosophy?

Before anyone races off to 'join a mentoring program' they first need to broadly establish what their goals are and how they intend to achieve them. As Nigel said true mentoring programs are specifically targetted at your needs and not at a mass…[Read more]

Hi Wendy,

Check your PM Agreement – some PM will charge (try to charge) for obtaining quotes.

Any fees and charges for obtaining quotes or supervising work should be outlined in your PM Agreement.

Hi Wendy,

I have no problem with Freckle's 'half-empty' perspectives.

I learned long ago that really listening to people who had a sometimes contrary point of view on different matters was a very helpful leadership attribute. While I don't agree with everything he says, his often sobering points of view are more often than not worthy of…[Read more]

Hi LIsa,

$11K of a property worth ??????????

Convert the 11% to a percentage of the current value and you'll know how much the property has to grow for you to be in front.

PS You'll need rental increases of around $200/week to get to cashflow neutral. What are the chances of this happening?

Terryw wrote:
My mid life crisis will happen when I am 50.

15 years ago?

possumpal wrote:

I have nearly completed 12 months but am struggling to make good money and struggling with the all the ethical things and pressures that comes with sales. I cant see myself sticking with this for much longer.

The first 12 months in RE would be the hardest and you have entered at a time when the number of investors, in…[Read more]

Andrew_A wrote:
Best to put the wages to work and not assume they will last forever!

Oh so true!

Spent a few years in a mining town in the Pilbara many years ago (unfortunately not on mining wages) and saw many instances of people who had all the toys but no wealth. Then there were others who had used their money wisely and were setting…[Read more]

Hi 1of,

Need a bit more information before I can make substantial comment.

Are there any plans to build a property on the block?

if so, what sort of timeframe?

insanowayno wrote:
Downsides I found to it are, you're locked in to the NRAS scheme for 10yrs, unless you sell, the new owner can continue or opt out of the scheme.

It has been a while since I dabbled with NRAS property so take what I say with a grain of salt.

I seem to recall that there is opportunity to opt out of the NRAS incentive along…[Read more]

Only three times to sell.

1. You get an offer too good to refuse.
2. You need to shoot the dogs (underperformers)
3. You can put your money to better use elsewhere.

As Jac has suggested make sure you do your maths very carefully especially with respect changeover costs. They can be expensive.

Given your property is not costing you a cent to…[Read more]

Hi Lisa,

Certainly investigate Richard's suggestion.

Reading between the lines it sounds like there is a fair bit of 'hope' in your thinking process.

If you cannot vendor finance then I think I would be biting the bullet and selling while you have some funds available so you can refuse 'low-ball' offers. 

PS It is OK to…

Magg wrote:
 

I found myself happy with the house and land package they signed me up for

Hi Magg,

Old post I know – but just re-read this thread after a few days sitting on the sidelines.

Happiness after a few days is not a good measure of a property investment decision. The benefits, or otherwise, will only become apparent after an…[Read more]

Magg wrote:
 

I found myself happy with the house and land package they signed me up for

Hi Magg,

Old post I know – but just re-read this thread after a few days sitting on the sidelines.

Happiness after a few days is not a good measure of a property investment decision. The benefits, or otherwise, will only become apparent after an…[Read more]

Seems as if the Qld Govt has indicated they will legislate to make sure events like this are prevented.

See the article here

You need to be very careful to make sure the price of the property has not been inflated to cover the cost of the lease back arrangement. I would also say that 9% on a fully (over) priced property is good value for money.

Display homes are often placed on the estates access roads and can subject to noise and traffic.