dru replied to the topic The Inspiration/Motivation Thread – Tell your story! in the forum Opinionated! 15 years, 1 month ago
I didn't think anyone would post in my thread for a while there!Goodluck with it all. I like your checklist!
dru replied to the topic Where to get started?? in the forum Help Needed! 15 years, 1 month ago
There is a thread in the 'Heads Up' section that has book reviews. Check that out if you want to get some books on Property Investing. I have looked up that section numerous times to see what books are helpful or not.
dru replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties – Investment or Owner Occupied in the forum Value Adding 15 years, 1 month ago
Mike,Thankyou very much! The information was great,Thanks Again,Andrew.
dru replied to the topic Offset Account Help Needed. in the forum Legal & Accounting 15 years, 1 month ago
I think at this current time, I will leave everything as is. It's all running smoothly at the moment and I want to focus on learning alot more about property, investing and so on. Our property is basically maintenance free at the moment so better off not disturbing the peace! I would really like to thank everyone so far for helping us out, it's…[Read more]
dru replied to the topic Offset Account Help Needed. in the forum Legal & Accounting 15 years, 1 month ago
I just did a check, and it seems that our current rate is actually just under 5.5% Per annum. (Works out to be about 5.49%)When we originally decided to buy the house the home loan was set up so that the first 5 years was interest only, after that it went into P&I. I was pretty happy with our home loan but if our rate is are the highest end of the…[Read more]
dru replied to the topic Offset Account Help Needed. in the forum Legal & Accounting 15 years, 1 month ago
Thanks everyone for the reply.My partner and I are currently living at her parents house, so this property is essentially a IP at the moment and the offset account is directly linked to the IP. We will be moving into it in coming months for the 6 month period, then moving back out and putting it up for rent again.I'll have to double check the…[Read more]
dru replied to the topic What type of vehicle do you have ?? in the forum I have had a few cars over 15 years, 1 month ago
I have had a few cars over the last couple of years, a Nissan 180sx Type X and a Ford XR6 Turbo. Was quite a car nut and spent a little bit of money on them. Worst decision I made, after realising I could have the chance of purchasing a property with the missus I sold up my cars and everything I had for them.Glad to say now, I have been car free…[Read more]
dru replied to the topic Beginning the IP Journey in the forum Help Needed! 15 years, 1 month ago
Thanks for your comments Nicole.I have been waiting and waiting for the copy of the book to arrival in the mail, I feel like its christmas I want to read it that much!It won't be for a while until my partner and I are able to get another property so luckily I have all this time to research the in's and out of everything and make sure I know…[Read more]
dru replied to the topic Beginning the IP Journey in the forum Help Needed! 15 years, 1 month ago
Thanks Trent, I will send off a PM this afternoon once I get back from work. You've been a great help.Cheers,Andrew
dru replied to the topic Beginning the IP Journey in the forum Help Needed! 15 years, 1 month ago
Thankyou Trent for the reply, it is much appreciated.Currently we have saved around 10k for renovations if we end up going that way with plans to spend around 15k. The property is in a good location so one other thought was to live in the property for 6 months so we can take advantage of the FHBG, fix up some minor things rather then renovating t…[Read more]
dru replied to the topic Property receiving well under market rent….. in the forum Help Needed! 15 years, 1 month ago
Recently purchased a house that was receiving $250 a week rent, well below the market rate in the area. Once we bought the house we were able to negotiate a price with the tennants to $330 a week. Since they had already been in there for 8 years and took care of the house so well, we wanted to keep them in so we settled a bit less then what we…[Read more]