Hi Daniel,In asnwer to your question – $200K could be done in 10 yrs with four properties (using todays figures) and allowing for mortgages to be paid off by excess renatl income. The point of the comment was to highlight that $200K passive can also be done through residential property too. But as to which is right for you?Would really need to…[Read more]

Canberra for mine. GC is in the doldrums (you could always argue you're buying low) and things need to change a fair bit for it to get moving again.

Hi Daniel,$200K/annum passive income can be done in residential property with four properties and ten years. The key is to get the initial steps right and be prepared to take some developers risks. We are doing this with some clients atm.Commercial property will through a few curve balls at you in terms of financing (lower LVRs) and potential for…[Read more]

I would also add not increasing your wealth while it isn't as good as increasing your wealth is much better than reducing your wealth. On that note you should be reasonably happy – sometimes your situations causes teh handbrake to go on.Being a small business owner also throws a curve ball into the overall picture – many small businesses are doing…[Read more]

Jpcashflow wrote:
I'm only 27 so i still have allot to learn but since i have moved out which has been two years know i have always felt that i have been the same and never actually increased my overall wealth

The last two years have also seen lending rules tighten signifciantly and property prices flatten (with a few exceptions)Anyone with a…[Read more]

Dreaming Big wrote:
Richard, the $80k is (house worth $420K – $450K but we owe $350K) so its not the usuable equity. We were thinking maybe we could renovate our bathroom (its the only room in the house that is dated) to create some more equity. My husband is very good with that kind of work and we think we could improve it relatively cheaply so…[Read more]

Agree with Richard – no personal loan here.Need to bite the bullet and get your financial house in order first. No simple fix other than to change your habits and pay the bloody things off. First cut all credit cards up except for one 'essential' card – this should also be the card with the lowest interest rate.. Get that cc debt under control.…[Read more]

Chuck it all in a fixed term deposit for 6/12  months and then spend the time learning as much as you possibly can about the options available to you.

The trial and tribulations of being a broker.First requirement – being masochistic Second requirement – being prepared to wrinkle and grey quicker than the average populous.

Purpose built student accommodation can be harder to finance than 'standard residential' and, if this is the case with this particular property, cit an explain the price differential.What you are seeing could be the result of the financing difficulties with purpose built properties which can have an impact on capital prices. Now all I need is a…[Read more]

Deppro do QS work anywhere in Perth. Give them a call and they'll be able to help out.My accountant is based in Herdsman Business Park – not sure why your accountant has to be south of the river. I live 400 kms away and still use my Perth accountant.

Cashflow positive are still available in WA with pretty good entry level prices and in well established towns with good long term prospects. Rent returns ~15%. Just have to do things differently.

I am sure a broker will be along here shortly.Development funding is still a little hard to secure. Banks often like to see pre-sales and given your in-laws seem to be 'stretched' these two factors may make the banks run for the hills.Certainly owning the land outright will be advantageous – provicded it is sin't used as security for one/both of…[Read more]

But do you really want to be inexorably linked togerth on LOCs 'forever' – sometimes a clean up first (if possible) might be in order.

Hi Andrew,We are doing something similar at the moment and a common question we are often asked is 'what epxerience does your team have'When we explain our development managers have 15+ yrs in  the industry and can show significant commercial & residential projects already constructed a lot of the obvious anxieties are resolved. Having said that…[Read more]

Jamie M wrote:
when plants die it's usually a result of my neglect rather than their quality.

A new marketing initiative 'Jamie Proof Plants'

Hi Kate and Tony,No property should be bought because it 'maximises depreciation' – it should be bought becuase it meets your end goal of providing capital growth and/or cashflow depending upon your aims. Depreciation is the icing on the cake and not the cake itself. I mean if your goal really is to maximise depreciation – buy a unit where…[Read more]

An update on plans for Karratha.http://au.news.yahoo.com/thewest/a/-/wa/11743828/1-5b-plan-aims-to-make-karratha-city-of-50-000/Looks like our Karratha investors will time things right.

Old building & minor cracks probably not a lot to worry about.Just my opinion.

Responsibility of body corporate = your responsibility.As an owner of s atrata titled property you should be involved in the body corporate wither as an elector, a position on the committee. If the problems are more serious additional levies may be required to which you will also contribute.Builders warranty may not apply if teh property is more…[Read more]