Hi everyone
Its great to hear everyones point of veiw. We also have 3kids, one income. I plan never to go back to formal work next year when our youngest starts school we plan to increase my investing time so that my husband can stop formal work in about 3 yrs.
Mel my point about a plan was not just setting your goals but writing down how you are…[Read more]

Hi Still in school
How is your positive cashflow $60.64/week what about all the other out goings?
How did you get a 30yr loan at 5.25%.
Note again this is well over the 11 sec
rule
Erika

Hi Lizzy1
looking over your figures you have left out management fees on the rent. I also find that the 11sec rule doesnt always give you a cashflow +ve place. Maybe someone else can explain how hey have done it. In steves book the first property he buys the rent is 2.7 times the purchase price/1000 and he only makes $1000/y if it fit the 11sec…[Read more]

Hi Arty
Did the everest book say that you could discover and use the authors proven approach to be able to climb everest yourself?
From the front cover I can understand how people were under the impression that the book would contain everything they needed to know to become financially free. People are always under the impression that you will get…[Read more]

Hi All
I would have thought that areas with high number of rental population is good, wont this mean that there are always people looking to rent. I Agree with Mel that it is more important to look at vacancy rates,high vacancy rate even in a high rental area is not good.
Erika

Hi All
I have never had a problem with renting our property but I do know of people who have. What is the vacancy rate at the moment?
C2 yes I think they view Cullen Bay as a success,From an engineering point of view it was a wonderful project and it has provided Darwin with a 24hr safe mariner.
Remember with Darwin that not only are people…[Read more]

Hi C2
I Worked for Sharon E as one of the lab Techs when were you at the NTU?
Erika

Hi C2
I worked for NTU from 90-93 in the science dept. I was a Lab tech in a previous life and for the NTU set up prac classes for Biology and Chemistry.
How are you involved with the uni?
My Hubby Built one of those upmarket suburbs Cullen Bay that was one of the reasons we were up there.
Having lived in various places over the last 10 yrs it has…[Read more]

Hi everyone
Shaunwalker maybe you should look on the NTU’s site they only give casuarina and Palmerston campuses. I worked at the uni when it was at Larrakeyah and to my Knowledge it moved to casuarina. It used to be the hospital before that.
I also own a rental up there and payless than 10% commission I think it is 7.5% off the top of my…[Read more]

Hi David
Why such long vacancies.
Erika

Hi Polar
Yes we fill in the form to vary our tax paid so that we get more take home pay each month. The form is fairly easy to fill out I beleive if you have to pay tax at the end of the year the tax dept frowns upon. The extra money we get in our pay goes straight to our investments usually in a redraw facility on a loan to reduce the amount of…[Read more]

Hi Sue
It should be written in your management agreement how much they can spend before contacting you. Alot of people say $150-200. We rent and I know that the owners are contacted for every little thing so they must have put $0 in this space. So take a look at your mangement agreement and see what you put. If you want to be contacted every time…[Read more]

Hi Rexgal
As a newbie I think now is a good time to let you know that you will not receive advice on whether you should buy a specific property or not.Only you know if this fits your investment criteria. Maybe the first place to start is to look at what you want from property investing, do you want to be a developer and onsell when complete or a…[Read more]

Hi
Most PM can tell you what it is. You can also watch for youself how fast properties come onto the market and then get rented, if they are rented as soon as available then the rate is normally low. If you talk to the PM you might find out if sometimes of the year are better than others like if you are near a uni at the start of the year lots of…[Read more]

Hi again
5% Vacancy rate means that if a PM has 100 houses on his books 5 would be vacant at any one time.

Hi Daisii
We rent our PPOR because we move often and our rent is subsidised. But having said that we can afford to live in an expensive place for less than the loan repayments would be. We ahve friends who live in a $900,000 house but it only costs them $400/week to rent. They invest in property and all their interest payments are tax deductable…[Read more]

Hi Helen
We first learnt about vacancy rates while renting in Darwin. At 2% the owners had it good as most places got snapped up quickly but when the rate rose to 5% it became a renters market and owners may have to drop their rent to attract a tenant.We have rented now for about 12 years and found this to be fairly true wherever we go.
Erika

I appluad you Scotty
Most people have dagsthedud mentality and fear if they post where they have been looking they will all vanish.
Your kind of reply is very imformatve and I will be looking out for your name as you are prepared to give real advise in helping people.
Erika

Hi Blackhole
Your assumption that you will have no disposable income left after 1 -ve geared property is wrong. What you dont realise is that you can be -ve geared by only a small amount all of ours are less than $50/week 2 are now +ve geared after 4 years 4 by $10-15/week and 1 @ 50. As we save 30% of our wage this more than covers the repayments…[Read more]

Hi milen007
We inspect atleast some of our properties every year. We Have most of them with the one manager but still like to make sure he is keeping the places to our liking. Especially in the start it is a good idea to do inspections more often until you build a good relation with the PM and he understands what you want. Our place in Darwin we…[Read more]