Tinkerbell,

Maybe you should consider rewarding your managers instead of the tennants. That way your managers will want to look after you with getting you the best possible tennants that arn’t likely to do a runner on you. Also if your property comes up for a new lease guess whose property they are likely to rent first. Yours because they are…[Read more]

Jo,

there is a quicker formula than 11 sec.

Just multiply the weekly rent by 500 and the result gives you what you should pay for the property for a 10% yeild. It only takes 2 sec.

Gav.

“Happy Days”

Jason,

Try your state real estate institute or reiaustralia, in there you can get market reports and all that gumf. Be aware sometimes you may have to pay for some reports.

give it a go. think outside the square.

Gav.

“Happy Days”

Steve,

Here is an example.
block of 7 units currently tennanted for 750pw.
asking price of 330k.
do the math.

or

duplex currently tennanted for 110 each asking price of 90k.
do the math.

found these on the internet yesterday. so yes they are current deals.

hope this helps.
Gav.

“Happy Days”

Andrew,

I ask this very same question to my accountant about 3 months ago. She has other clients who are currently doing just that, but she said that there are new tax laws to guard against this. So she advised us against it.
I guess you still can do it but is it worth the risk is the question we asked ourselves and one that you have to ask…[Read more]

Brendon,

What you are talking of is an american thing where you can claim a trip to just look at property. In Australia you need to own a property in the area you are travelling too. Then as Derek said you need to produce proof of meetings etc.

Hope this helps

Gav.

“Happy Days”

stevie,

The only thing i don’t like about big complexes is the value of the property is driven by the last sale price in the complex. Meaning if you have an inexperienced investor who has geared themselves to much and needs to sell in a hurry they sell it way under value, and guess what that will be the value of your investment.
There are far…[Read more]

what you can become a member. What for i am learning enough from looking at the forums. The best things in life are free.

Happy days.

Gav

g’day elves,

I am very new to this forum so take this advise for what it is.
It sounds to me that you are fairly switched on financially, but one question i have to ask is, Why so many credit cards? Everyone knows that they effect your borrowing capacity.
My mother has a credit card with a limit of 50k and she thinks it is a measure of how…[Read more]

G’day Faruge,

There are many steps, i believe before you get started. And one that i would advise before you make any mistakes is to not stop at reading one book, keep educating yourself. The more you learn the more informed your decisions will be. I myself have dedicated the last six months to financial education and now believe that i am ready…[Read more]

g’day waz,

I am a newbie as well and am currently looking in mount isa. I don’t really have an answer to your question but i just wanted to give you some support that someone else out there is also looking in mining towns.

Cheers gav.

I am new to the forum and have learnt that there is alot to learn about the forum.