hi murph
its comforting to know that Real Estate Agents are partial to exaggeration and conflicts of interest (no matter what Hemisphere they are in!).
[biggrin]
hutch

hi phil,
i agree with Artuad. More information may be required. But on the surface of it. I would hold on to it. It is not a hard or expensive process to get a land serveyor to measure and submit to council, regardless of if you are in Oz or O/S.

yes Mspartal
Dazzling is right. i agree dont accept it. I have just changed my accounting firm because they were charging me bucks just to talk to me and then put me on hold!

ask around and stand firm!

try
Mark Unwin (accountant)
9854-6317
mark@mjua.com.au
He generally specialises in Property

hi gronk,
heres my 2cents worth……

Have you looked into separatly purchasing 4 x IP’s and leaving your PPOR alone?
*4x $50K (or less) deposit on each of 4 x IP’s (+CF should be found in rural towns/suburbs)
*$50K balance in the bank to relieve any repayment pressure if the tenants dont pay on time or for repairs etc…

Just something outside…[Read more]

How about the p/a growth of Newport, Altona, Hoppers Crossing, Werribee, Sunshine, Maidstone, StAlbans etc..in the last 12 months? Some of these suburbs were the “untouchables” 3-5 years few years ago. Also the Mornington Peninsula is flying and still has some afordable IP’s in certain pockets ie; Franskton/& Nth.

hi carla,

I self manage a few of my IPs.
As it turns out. I have just met with my tenants on the weeked past.

They have been good to me and after 2 years, I put up their rent to $13 p/week. I gave them a bottle of red to thank them for being good tenants and they were in shock.

As I was leaving they asked me; “Do you mind if we sign up to stay…[Read more]

great reply ksg679,

I glad you bought this topic back up.

I have had same problem for many years, but it is getting easier to get through to my wife.

Only now can she can see the results I am getting by self educatiing and taking action. Even though it scared the S**T out of her at first, she knows it is best for us for both of our (and our…[Read more]

no worries,
I live in Yarraville so let me know how it all goes.
i’m sure you will learn new things that i would love to hear about.

Cheers
Brett

Nice way to try and advertise the Academy Jamie?
(or is it John?) [biggrin]

Hi ozi
I know the area well as well as Hobson’s Bay council. They are valid points to consider and would be exactly what I would advise. Also obviously be careful of where the easements (if any) are and what direction there are pointing. This will have a huge bearing on your purchase and what you can fit on. As Martin Ayles jokes, “you can put…[Read more]

ilearner,
David Tweed…money advice….paarrleeezz…
what rock have you been under?
you are kidding your self.

It is very hard to detect sarcasim on these posts, so i will give you the benefit of the doubt.
[blink]

hi shrek..
I use MYOB which is easy to use and offers all that. Otherwise the Australian Property Invetsor magazine seems to be littered with ads for such software from various companies. Their website has sample downloads too!
http://www.apimagazine.com.au/

cheers
hutch

[biggrin]

hi r
is this just US agents??
Sharing experinces is fine.
But how do we rate an Aussie Real Estate agent?

Hi brodie,
I haven’t done Jamie’s 21st Century Academy courses. So I haven’t built a big opinion on him yet. But I have had a bit of an interest in his career and read a lot of his promo materials/videos on him. He certainly a goer, who stirs the pot and gets his fair share of publicity.

It seems to me that one of his many hobby horses i…[Read more]

hi tom,
with then newer (10-20) brick homes (that havent been completly rewired etc.) It should be on the Electrial (power)Box. The two (2) digit construction year should be printed (or a stcikered) on the face i.e; ’89’ =1989, ’92’= 1992 etc..It is on most my IPs. It’s a quick method that I use to when inspecting properties.
(Having said that the…[Read more]

Hi wwbd,
The other Forumites here have great suggestions. I agree this Sub div idea sounds (in theory) like a walk up profit machine.

But your approx. amount of $5000 you state seems very low.

Having done this myself several times (Victoria) I know that there are a lot of costs that will crop up and can be solved with some quick phone calls.…[Read more]

Hi babu,
All things being equal with both units, there is no logical reason why the agent would be giving you this crazy advice and treating you like this.

Confront the agent and don’t put up with their lazy attitude. That $50 difference in Rent is outrageous! It seems you right in believing that you should be getting at least $30 more…[Read more]

hi sis,
why not try and track down the author of the website? Try calling one of those vet clinics that are advertising on there. They may be able to help.Track him/her down and you will get one side of the story.

It would be very interesting to talk to them and may help to sway your decisions either way. It is obviously tongue in cheek article…[Read more]

hi debtdogg,

try this:
http://www.objective.com