I wouldn't self manage any of my properties, just easier to have a REA manage it because should things go wrong they'd handle all the eviction notices, court dealing ect, just another form of insurance in my opinion. But each to their own.

As for depreciation, I get a depreciation report done, there's plenty of companies out there around $500…[Read more]

so how does one change:

What my friends thing I do
TO
What I really do…….

Hi Sunny,

Welcome and congrats on taking steps to on your investment journey.

Like everyone here has said increasing your own knowledge is most important, there are so many seminars or companies out there that make it seem so easy because they'll do it all for you, just don't get caught out.

Personally I like to know how it all works before I…[Read more]

@ zmagen haha I don't think PNG would be very high on my list of places to invest, I could be wrong I've never looked into it, it may be a gold mine!!

also I checked out your web site, it's very interesting and got me reading into investing in not only AUS or US cheers!

@ Joel – thanks for the advise, I have grained a lot of info from this site,…[Read more]

@JacM

Yes the minimum is $10K up in $1k increments but Steve has received some cheques for $100K or more, I was just saying I wish I was one of those ppl in a position to be able to drop $100K on the table.

cheques for $100k plus!!! if only i had that sort of capital to invest, hopefuly get to that stage someday, goals have been set.

As for the fund it sounds great and i’m going to use my super to invest… had a look at my super statements and what a joke!!!

Agreed Steve did a great job!

just saw on tv that some of the big banks have sneakly lowered fixed rates over the last three weeks.
no big announcement about it so seems to be that the banks think rates will come down.
the reserve bank will release their statment/view on the economy today so might be an idea to watch out for that an wait a bit.
On the other hand if you,re…[Read more]

We (mrs an i) bought an NRAS property in QLD, only 3kms from the Brissy CBD, had it for about 3 months now, very early days but so far so good, tenanted straight up, because of the 20% discount in rent there was a fair bit of interest.

We couldn't find any good NRAS places in Perth (where we live) at the time that compared to this one in Brissy…[Read more]

PG – Positive Geared