“Secrets of Property Millionaires Exposed”
by Dale Beaumont

http://www.secretsexposed.com.au

Purchased it on-line after seeing it mentioned by Michael Yardney
Includes sections by various names that I had heard of eg. Ed Chan, Dymphna Boholt, Jakobi (Can’t remember the rest. Don’t have the book with me)

I’m not related to them but just liked…[Read more]

I work nearby and (externally) the building looks nearly completed.

It is a great location along St. Kilda road; near Albert Park Lake (Could probably see the Grand Prix in March); tram into the city.

The harder questions relate to whether it would be a good investment or not.

I would like to live there but probably wouldn’t want to own one.…[Read more]

If I was in your situation I would be looking at renting an apartment in Southbank/City to take advantage of being close to your work and babysitters. (Petrol is expensive. You wouldn’t have to use the car at all)
That apartment market being what it is, you should be able to rent a great apartment at a very good price.

I would avoid the West as…[Read more]

I saw a brochure in an Agents office about this:
http://www.rentalrewards.com.au/

Don’t know much about it tho.

Interesting idea.

The question might come down to “Who will lend money to me to buy one of these?”
Aren’t banks not too keen to lend when the square meterage gets under say 50sqm?

Bank West 6% info here:
http://www.abetterdeal.com.au/TeleNet_Saver/index.asp

Rate is INTRODUCTORY.
Standard rate is 5.25%

Megan, Thanks again for your advise.
My exit strategy would be to (ideally) develop and hold for the long term.

Which brings me to TMAs post. My wife wants the final result to be the elimination/reduction of the loan on our PPOR. As TMA says, this is a “comfort” thing that I am trying to accommodate while also building an IP portfolio.

I have…[Read more]

I have just received mine about 2 weeks after putting in the application.
1. Filled in the form online at
http://www.passports.gov.au

2. Got some passport photos done

3. Went to the Post office for the interview and pay the money $153
You can pay an extra $65 to get it in 2 working days

4. Tracked the progress of the application online

5.…[Read more]

Thanks for your replies Terry & Megan.

So basically all I can do would be to have a split loan over the IP. Part would be be tax deductible and used for IP/investment purposes only. (To pay for the development mostly)
The other part would be for private use and NOT tax deductible BUT I would be paying interest on the money that I use but NO…[Read more]

DA = Development Approval

ie. Gathering all the paperwork necessary ( from the council etc) to allow you to build. eg. planning permit
Plenty of costs involved to surveyors, council, architects etc.

Just my basic understanding.