Forum Replies Created
Have been keeping my eye on progress. Bought a property in Mt Martha on the back of new development, improved infrastructure and close to the beach. However, this property is negatively geared.Wondering whether anyone has any information on the potential capital growth over the next few years. [biggrin]
I have found that it is easy to search for appliances on the internet to assess the features of the appliances. Once I have narrowed down to a model, ring the stores directly and negotiate over the phone for that specific model number. Worked really well and recieved an amazing discount compared to if I had walked into the shop. The Electrolux site also has a compare function to compare the features of different models. Once you have done some background investigation, rung around, will make walking into the shop much easier.
I’m not comfortable yet with purchasing site unseen, so will always finalise in person. I also steer away from second hand/auctions due to lack of experience in this area!
Good luck, if you do find a package can you let me know!!!
[biggrin]
hihopesHi Steve,
Looks like you have heaps to consider for the newsletter!!
I would like to put my vote in for assett protection. As I gain more IP’s this is becoming more important to me. The thing I would value would to make it as simple to understand as possible.
I am currently looking at trust structures and my mind is boggling.
Regards,
Hihopes….[biggrin]PS, thanks Chris for posting the article.
Many investor’s such as myself that I know ie getting started with a couple of properties and learning as they go, are using this as a strategy to reduce the need for reliance on superannuation and government support via the pension. I fall right into this category, as super and government support I believe are unreliable as the changing of the wind as we have seen by yesterday’s federal budget. I would like to think that the government realise this and that if they were to change the rules for investing it would take a huge toll on middle income earners such as myself. So whilst I am getting on my feet towards CF+ properties, I am holding my breathe that the rules don’t change![headphone]
Hi Barni,
I have read examples where investors manage the property themselves, however I am personally happy to have the agent act on my behalf to avoid any awkward situations with the “nice people” who are tenanting my property, should things not work out so well.
I have had my fair share of issues with agents, however once I find a good one, I think it’s worth every cent of the fee.
Mind you, I have found it very rewarding to negotiate fee’s with agent!Michael, Bit off the topic, however is there any information regarding property development. I am looking at career change and would like to find information on going about first property development. Very inexperienced in this area, but keen to learn??[biggrin]
Hi,
Being relatively uneducated in property investing compared to other’s, I have learnt alot by my mistakes as I have gone along. I have found that I started to become so obsessed with paying off PPOR and acquiring property that I had lost perspective on actually living and this put a long of unnecessary stress on myself. I have now tried to balance between paying off PPOR and investment properties but have left enough room to breathe and live. One thing is for sure, if I didn’t purchase my first investment property, I would not be in the position I am now. At the beginning, it was quite daunting, however over time as value increases, rent increases and the original loan remains the same, the picture is looking much healthier. There are a few simple things I have done to make life easier such as looking at the structure of loans, managing cashflow (so that I can contribute more towards PPOR). Once it is all set up, and managable in terms of the life style you choose to lead then it’s great. It’s a matter of learning with everything that you do. That’s my experience![biggrin]
Hi Derek,
Thanks for the tips, much appreciated.
Hihopes.[biggrin]
How do you work out the rental yeild? Is it rent/purchase price of property? Should you take into account the full cost of property including stamp duty etc?[nice]
Hi,
Definitely prefer Colorbond(R) steel roof over tiles. 20 colours, warrantee’s, thermal efficency. Can colour match rain water tank, roof, gutters. You can also build using steel framing. Make sure you are getting what you pay for, all Colorbond has a brand on the reverse of the sheet, if no brand, then isn’t Colorbond steel. Agree with other responser, go to http://www.colorbond.com, or alternatively http://www.bluescopesteel.com.au Talk to a reputable supplier who can give you heaps of brochures. Also you can call BlueScope Steel Direct (see web page) and they will send you information regarding Colorbond, durability, warrantee’s, maintenance, colour swatches.
Happy roof hunting.
Hi earnsly, another discussion called Suburb Statistics posted on 2/3 has some information which may assist. Still learning this site, so not sure how to attach for you at the moment.
rgdsMuch appreciated, will hang in there!
Thanks for your response. Been vacant for one month now, getting jittery, considering putting on the market????? and see if it is worth selling and taking short term profit. I did buy it for the long term though. What are your thoughts on this?
Hi, Have been looking for that myself tonight. Is there a links page which can help on this site?[confused2]
