Hi Stuck at 2,

I fixed half of my loans on Monday at 6.49 for three years – interest payable in advance.

I also managed to fix another loan at 6.06 almost three years ago – this is near the end of its fix period. And another which is half waythrough fixed at 6.85 – also for three years.

I have left my other loans at variable rate to provide me…[Read more]

Originally posted by Sanctuary:
(1) I have around $x,000 cash in my account and would love to get into the market with my first PPOR ASAP. This is actually saved tax money that is not due until around May 2007. It makes me nervous spending it….but I hate waiting to buy! Advice please. I will wait a few more months if that is best. My income is…[Read more]

Hi Tom,

See this thread – we have made it a ‘sticky’ so it retains one of the top spots in the ‘Heads Up’ forum.

https://www.propertyinvesting.com/forum/topic/6845.html

Please feel free to review and new books or even add your thoughts about previous reviews to this thread.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882…[Read more]

Hi LG,

You will list your gross income from this property as being $500 and then you will list expenses as being $50.

The net effect of this is that you taxable income increases by $450.

With tax, simply, you should declare all income and all allowable expenses. The difference income – expenses is added to/deducted from other income…[Read more]

Hi Andy,

I am certainly not qualified to make ‘expert comment’ so please take my comments as they are intended – some rambling thoughts.

Fixed rates are determined by and dependent upon a banks ability to ‘buy money’ in other markets at a suitable price. Most lenders raised their fixed rates about 10 days ago and as such fixing now is a little…[Read more]

Hi Da Man,

Stick to your guns – it soounds as if you have done your research. Step 2 is very solid – and submit your offer and include a ‘time clause’ on your offer. That is the offer expires in XX hours or at 4 pm on May 6th (whatever) – you may also want to include a final comment along the lines that this is an absolute deadline as I am…[Read more]

Hi folks,

I am just entering into a professional relationship with a new accountant.

From our early discussions it would seem that he has a very good knowledge of property and trusts (inc HDTs) and he is based in WA.

A little early to be more definite but I will let you know when I am more…[Read more]

HI Redwing,

The locals are still laughing at the prices out of towners are still paying for their properties.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

Hi JY,

Need some more information along the lines of investors questions.

It sounds as if you are having buyers remorse – as such the $400 could be money well spent in ensuring you peace of mind.

If the figure is lousy you may well find that good legal advice could rescue you.

I would also add that if you are worried about spending $400 after…[Read more]

Hi Sand,

I am not a broker but as I understand it land is seen to be more of a risk than standard residential real estate and as such banks will not lend at as high LVRs.

You will also need to consider that for a normal run of the mill block of land there is no deductibility of interest so you will be holding this ‘asset’ entirely from your own…[Read more]

Go the interest only – as Terry says it can make a considerable difference to your outgoings.

Mind you the right direction wil ultimately come back to your final plans with this (and other) property.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

HI all,

Normally we wouldn’t let posts of this type remain on the forum so do not take it as an open invitation.

This post has remained in situ as it clearly demonstrates that with a little nose to the wheel and feet to the ground can reveal properties that suit an individuals needs.

Certainly not intending to rain on Lisa’s parade (a great…[Read more]

Hi all,

Further to the previous post – here is some more information.

Date is 16th May – 6.30pm – 9.30pm. Cost is $55/single or $44/head for groups of two or more.

Booking on 1300 553 503 or http://www.knowledgecentre.net.au

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

Originally posted by Property WA

Hi creekacres,

Sure there is some forumites with some great creative answers – and no doubt you’ll get them soon.

But the one thing that stands out to me is that being on a disability pension do you really want to be on such a large property with all the assoicated maintanence and simililarly it seems be quite…[Read more]

Hi Daniel,

From my personal position.

1. Not keeping on with property investment from the early 90’s. Could have long left the workforce if I knew then what I know now.
2. Sitting on unrealised equity – now regularly monitor and track movements in property prices in the areas I invest in so I can leverage off equity as it comes available.
3.…[Read more]

Originally posted by Bangers68:
1) We have 3 I.P.’s, Value-$450,000, Owe-$384,250 (85% L.V.R.)

All good so far.

2) Parents willing to sell us 2 of their I.P.’s that they have held for
over 5 years Value-$520,000, Owe-$0, Willing to sell to us for
$300,000. (Instant equity of $220,000 and L.V.R. now at 69.8%!)

Transaction will need to be at arms…[Read more]

Originally posted by Houston:
First my situation. I live in Perth and currently earn about $90k per annum. I am 33 and purchased my first property, a duplex for 157k 3.5 years ago with a 21k deposit. I have managed to get my mortgage down to 90k and current property value is approx 270k.

Hi Houston,

Welcome aboard and I trust that you do pick…[Read more]

HI Adam,

Check out the following thread – it may not be what you are chasing but then again, it could be.

https://www.propertyinvesting.com/forum/topic/6845.html

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

Hi Andy,

You will need Landlords Insurance on top of building insurance (make sure you include landlord’s contents and public indemnity coverage in your policy)

Landlords insurance will typically cover you for malicious damage, break lease and untenantable property due to repairs. Note accidental damage (spilled red wine on the carpet) is not…[Read more]

Hi Andy,

Pleased to hear the light is a little brighter.

As for renting it – I would make it available to rent towards the end of the financial year. This will maximise your depreciation claims that available to you in the low asset pool ctaegory. Many of these will be immediately written off, or at worst, lumped at the front end thus maximising…[Read more]