Love the name – IP Masters, but what's in a name?

Hi Tracee,

Reading through your post I am not sure if you are chasing capital growth or cash flow as both rate a mention.

First step for you is to work out how you will use your properties over the long haul – intend to sell and realise gains or live off cashflow.

Once you work out the answer to this question you will then start to identify…[Read more]

Jewel47 wrote:
   I actually had a real estate agent tell me that there is no money in renovations!  He said there is nowhere in Australia where you make money doing renos.

Don't you just love it how broad sweeping statements can be become law. This agent needs a reality check. Was this agent trying to sell you a newish house or unit?

Sure…[Read more]

Given it is zoned business I suspect you'll be looking at commercial loan.

Hiten wrote:
His young in-experienced property Manager 'Emily" has no work ethic and has a lot to learn in the big wide world on how to deal with clients.

PM is a tough gig when you first start out in the world of work and I suspect the attrition rate is pretty high. Dealing with two clients, often with opposing needs, is not an easy…[Read more]

JacM wrote:
Is a 3 month wait really that bad? 

Agree with this – patience grasshopper.

Being a studio apartment (bad investment in my opinion) chances are there will be plenty available over the course. If you are going down this pathway make sure NET cashflow is extremely strong.

Hi Hiten,

An issue with smaller towns is the number of property management options you have.

Google tells me there is only one other REA in Coober Pedy. Might be worth a call if your self-managing becomes too hard.

Hi Jenna,

Another vote for the subdivision option.
Western Suburbs option does not, generally speaking, have suitable rent returns.

Concur 2 X 2 units are better option than 2 X 1.
Seek a corner block or block which you can battle axe, thus leaving the original house there for as long as you can.
Talk extensively to the relevant planning…[Read more]

Like Jamie I am not a builder but, to me, there are two issues to consider.

1. Impact on tenant.
2. Possibility of this matter leading to longer term and more expensive damage.

Go back to the tradie who gave the quote and find out what he is going to do to repair the problem, find out what happens if you do not fix the problem and get some more…[Read more]

Hi Jerome,

REIWA Suburb Stats here

MAX Light Rail Project outline here

The proposed MAX project is one of many reason we are currently undertaking development in the suburb of North Perth which is a little closer to Perth.

Been a while since I drove through Mirrabooka but Nollamara and Balga have been seriously redeveloped during the last 10…[Read more]

Good decision.

Decision made now to move.on.

Hi Craig,

Your experience is not normal – at the same time you are not the only one who could relate a similar experience.

You have two options now.

1. Put your tail between your legs, sell the property and go and look for the next best thing or………….

2. Get some answers to Andrew's excellent questions and make adjustments.

If you run…[Read more]

Hi Mark,

While your 'savings' level is on the low side – you have plenty of equity in your own home. This equity can be released and the monies made available used for a deposit on another property.

It sounds as if you need to grab yourself a decent broker and work through the possibilities.

Ha, Westminister and Osborne Park are little black spots in my network. Sorry cannot help.

I expect statement of advice will be heavily biased towards a new property with depreciation to save tax.

If you feel a few sharp thumps in the back that is you being bashed into a position that suits their model.

Where are your properties located?

Might know an agent or two in the area.

But you are correct 3.3% is REIWAs recommended starting point. Don't also forget to talk about services, how they sell, home opens and so on. A couple of percentage points here or there will pale into insignificance if you get a quick sale at an acceptable price.

Hi JPS,

OK – so your building report has come back with lots of questions marks. You are meeting the builders on Monday. How did it go?

Let's take a step back and think bigger picture here.

You are buying a property in a complex that has been built by the same builder. If your property has a number of defects – what is to say the others are not…[Read more]

Hi Jamie,

Making your profits at purchase is an often made statement.

You can also make profits by adding value to the property purchased. The add value approach to property investing can be effective in any market whereas property investors who simply buy 'run of the mill'  property need to wait for the market to move. 

Adding value can be…[Read more]

REIWA suggests a selling fee of 3.3% (inc GST) for the sale of a property in WA. Marketing fees may, or may not, be included in this fee depending upon your negotiation skills.

Note all fees are negotiable and you are entitled to bat hard for yourself.

If the properties are in a reasonable distance from one another then a single agent may be…[Read more]

Hi Blade,

As others have said it is important that you spend some time educating yourself so you can make decisions and control y our own destiny. Relying on the advice and guidance of others means you are in their hands. For DHA and NRAS, to a certain extent, fall into that category.

Having said all of that – Jac is spot on. Don't confine…[Read more]