I could be wrong of course but if it bothers you, it could bother other prospects (tenants and buyers down the line). I know it would bother me enough to investigate more in depth. It’s not necessarily a wrong investment (especially if it’s reflected in the price) and as Corey mentioned they are being sold off by the government so that could…[Read more]

I could be wrong of course but if it bothers you, it could bother other prospects (tenants and buyers down the line). I know it would bother me enough to investigate more in depth. It’s not necessarily a wrong investment (especially if it’s reflected in the price) and as Corey mentioned they are being sold off so that could also work to your…[Read more]

Yeah, created my own spreadsheet template which I keep updating and tweaking all the time 👍😎

Am interested to see what members will think. If I were you, I would probably discuss with my solicitor and the local council.

Maybe someone here knows (I don’t) but if nobody answers by Monday morning, I would call the regulating body in your state and ask them, they will know 👍😎

Nobody knows really. Why waste time on loose theories about an unknown future (and if there is one thing we know about Trump is that he’s unpredictable) 😉

Hi,

Generally speaking, I would personally definitely go with some variation of option #1.

One of the main advantages of property is the leverage. If you own only one property (and PPOR is even worse in that sense), it doesn’t really help you if the value doubled over 10 years because all the houses doubled (more or less) so in that sense, you…[Read more]

I can’t comment on the local market over there but generally speaking I would prefer to vacate the tenant, do a Reno and thus increase the sale price. If the property won’t sell relatively quickly, then I would consider putting a tenant in on a month to month basis.

Hope this helps?

Cheers,
Ethan

In such a case, it may be worth re-considering the strata idea. Yes, it will increase the valuation but it will also increase the annual rates 😉

If the investor buys, quickly increases value and refinances or sell, then the market being flat isn’t an issue.

In a declining market, a hit to the profit will occur. If it’s not a big hit, the investor may be able to still proceed to the next property.

Yeah, rising market is the easiest 😂👍😎

Cheers,
Ethan

Excellent discussion, ladies. Thanks for that. Definitely food for thought there. We’re looking to do our first dev soon so will keep an eye on this thread.

One query, Marisa. When you say: “Many investors do not realise that 80% of developers actually lose money”, did you see this figure in a survey or some fact sheet or it’s more of a…[Read more]

Yeah, something similar happened to me a while back. I think eventually we got it through the vendor 😉

Thanks, Marisa! Good points and thanks for sharing from your experience. It was definitely not a rant 😂👍😎 cheers!

Hi Seinfeld and welcome to the forum 😊

There are many differences to investing via a company than individually. To name a few, yes, you’ll lose CGT discount, also no land tax concession nor negative gearing.

If I were you, I would do some online research and then approach a broker so you could discuss specifics with them.

Your stepdad might…[Read more]

Hi Seinfeld and welcome to the forum 😊

There are many differences to investing via a company than individually. To name a few, yes, you’ll lose CGT discount, also no land tax concession nor negative gearing.

If I were you, I would do some online research and then approach a broker so you could discuss specifics with them.

Your stepdad might…[Read more]

Thanks, Coiln! I was thinking the same (and was surprised to hear the existing tenants prefer to keep the shared garage going). Even only $10 p/w increase of rent at a 5% yield, that’s like a $10k added value to the unit which is pretty sweet as the wall building will cost under $2k all up 👍😎

Properties in distressed condition are our favourites! 😂💰💰💰💰

We buy them, fix them up, refinance at a profit and rent out. Everyone is happy and full of joy.

Overall, lots of fun 👍😎

Hope this helps?

Cheers,
Ethan

Properties in distressed condition are my favourites! 😂💰💰💰💰

We buy them, fix them up, refinance at a profi and rent out. Everyone is happy and full of joy.

Overall, lots of fun 👍😎

Hope this helps?

Cheers,
Ethan

Hi Callum,

Once you’ll split the block, the overall value should go up.

Since the mortgage will then be on both titles, the total LVR should be lower than 80% so LMI shouldn’t be required.

I’m actually doing something similar now (strata titling a dual residency house). Lots of fun 👍😎

Hope this helps?

Cheers,
Ethan