I agree with abbruzzis' comments above.I have also attended the seminar – but did not take up their mentoring program as I feel confident enough in my IP purchases.I also purchased a property with them just over a year ago.  Their forecasted growth for the property has not materialised and I do feel slightly disappointed – however, when I view…[Read more]

Okay,I have had no responses to this post!!!Am I missing something obvious here or is this something of a legal minefield that no-one wants to comment on?

I went to them for one related matter, and then got a whole heap of marketing talk and discussion about the benefits of joining Destiny.Overall, the original matter I went to see them about did not get addressed.  I felt pretty disappointed with that and haven't been back since.

Yes, I would say the same about Werribee.  However, I don't know if you are a first time investor!  I was when I bought in Wyndham Vale and was 'gun-shy' in spending too much first up.  Hindsight is wonderful however – should have taken the 'risk' and bought closer into the City.Further on Werribee, it is a relatively old and established area – so…[Read more]

I settled on a property in the adjacent suburb of Wyndham Vale in Feb 2007.  Purchase price was $237K.  Current value $323K.  As to why this area? – Well it was the very first IP that we brought and the price fitted our budget at the time.  However, I also brought in this area as my research showed that i) there was a "right-of-way" set aside for…[Read more]

Mike,Thanks muchly.  Very helpful in determining whether to re-finance or not.

Thanks everyone for your comments.

Dear all,Thanks for your comments.At the risk of sounding naieve, I was hoping to return the initial deposit on the IP to my owner-occupied home, and get the mortgage payments back down or repeat the process and buy another IP.  Another approach perhaps is to re-finance the IP provided there has been sufficient capital growth and use a portion of…[Read more]

The DHA investment homes are something I have tended to stay away from.In particular, one of the aspects of these investments is that rent is 'reviewed' annually and (apparently!) will never go down – only up based upon fair market rent.Sound okay!  Right?However, consider that most of the adjacent properties are also DHA homes – consequently,…[Read more]

Hi mrh,Have you established a PAYG tax variation form for this property?No one else appears to be mentioning this – but I won't assume you know what it is.The process around this form is that you fill it out (perhaps with the help of a good accountant!) and put in your outgoings and incomings for the property.  This is then forwarded to the…[Read more]

Thanks guys.  I've got what I need.

Pat,My first investment property I have brought is in Wyndham Vale and it has performed to a satisfactory level since its purchase in early 2006.  I say this because we have got good tenants who pay on time, look after the place (last two inspections there has not been a carpet hair out of place) and happily absorb the rent increases.The earlier…[Read more]

What will be the impact to individual investors – like me (and you!).On the surface of it, I probably would have participated in the NRAS as an investor.  But, the Government only want to restrict this too larger financial institutions.  Why???As an "individual investor", why should I be excluded from such scheme?  From the article extracts on th…[Read more]

dosq,My suggestion would be to retain this property.From the figures you've put forward, this property appears to be positive cash flow – which is a good thing!  I would expect you're putting the surplus cash onto the interest only loan as well.One part I may be ignorant in here is your tax circumstances.  But, the positive cash flow you're g…[Read more]

Just on the $8K potential rebate for renting 20% below market rates, this sounds of interest to me. I have a negatively geared property and should I lower the rent further then I get an $8000 tax deduction. Doesn't sound too bad! I have some excellent tenants in it at the moment – have been in there for 12 months now – and should such a…[Read more]

Hi emilypat,From your post, I can't help but feel inspired to see someone at your age ready to take a step out of their comfort zone. As I am in my forties I am hoping to retire in my mid-fifties and be financially independant. Starting at your age, the potential exists to be able to retire earlier than forty – and yes, beleive it or not that is…[Read more]

To Scott No mates,Providing a loan is an option.To tammy,Thanks for the guidance here.To both,Overall, I was considering endeavouring to keep her costs low as her income is not great.I'll take your advice on board and discuss further.Thanks for the feedback.

Tony B,Well, I am pretty new to property investment – in fact I only purchased my first investment propery in Feb 07.  However, it did take me 9 weeks to get to the sale.  During that 9 weeks, I had made offers on 5 other properties all with a 24 hour deadline for the vendor to accept or reject my offer – this allowed to move onto the next o…[Read more]

Terryw,Yes, if you could please forward those links.Glenn

Hi all,Being just new to this site, I hope that Ed is still available to take questions!.Ed, I recently met with a mortgage broker and queried setting up trusts. I also raised the prospect of setting up a hybrid trust. This broker mentioned that these are an excellent vehicle to support Property Investors achieve what they want to achieve – but…[Read more]