After picking myself up off the floor, I would ask whether he was serious about what he just said.

When he says yes, I would ask him whether his client was happy with getting the sale on the house and happy with the money they received.

If the answer was in the positive, I would ask what the problem was and prompt whether he was disappointed at…[Read more]

Hi Coopernator

If I could add to SIS’s comments, I don’t know whether the other bank’s will follow suit, but the NAB now has a new policy for Investment Property purchases only – you now need to have 25% deposit for the local loans officer to approve the deal, otherwise the application has to be sent to a higher approval level.

There still may…[Read more]

Thanks Mel & Crocco

Ron

Hi Crocco

Does the ajistment income work out to be more than your costs?

Yes, lets hope the teacher has appeared.
This person with 13 investment properties wouldn’t happen to be an ex fireman by any chance?

I enjoy reading the API magazine (Australian Property Investor).
It has some great informative stories, but I particularly like reading…[Read more]

Unfortunately I didn’t have the property investment bug while I was there.

My family home in Brisbane that we vacated in 1995 & rented out following a work related transfer went backwards in value and stagnated for some 11 years, so I didn’t think we were in a position to buy any property.

The house we rented in Clifton Beach, we paid $310/week…[Read more]

Thanks Steve….that was my thoughts/logic as well, but I guess time will tell.

Ron

Hello Mrs Crocco

I was in Cairns until last September, we rented at Clifton Beach.

Am now in Bundaberg and enjoying slightly less humidity.

Hope you had a great X Mas

Ron

Thanks Steve

My Dad was encouraging me to look into them with more depth, but I think there would be other properties better suited.

Merry X Mas

Ron

Hi Matt

3 IP’s:-

1 in Brisvegas, 2 in Bundy
Also block of land at Coral Cove, on which I hope to build when building boom eases and I can get more house for my dollar as well as get the house built within a reasonable time to avoid interest and other holding costs without income.

Thanks

Ron

1) When you purchased your investment?
2) How much you paid for it?
3) What structure is the investment (eg: buy and hold, vendor wrapping etc.)?
4) What is the weekly gross rent (income)?
5) What your net Cash Flow is?

Property 1

1990
$94,000
Buy & Hold
$180/w
$34/w
(current value $200,000 & valuable lesson learn’t here…..property values…[Read more]

Thank you everyone for your responses.

I used to work with someone by the name Phil Johns, thought u may have been the same person….sorry

Phil

Any chance you used to work for NAB?

Ron

Its good of you to offer up your spreadsheet and creating all this extra work for yourself, but please count me in……[email protected]

Thanks