Yep, those sort of facilities can be a killer. I remember looking at complexes up in QLD a few years back. Some of the rental returns are very appealing – but then you see how much the body corp fees set you back and it doesn't seem so attractive.

How much are your fees general?

Cheers

Jamie

My mentor was my mortgage broker years ago. I showed some interest in the industry – he told me what I needed to do to get set up….and the rest is history. He also introduced me to his network of industry buddies – so I was very lucky to gain a lot of support from some of the countries best brokers.

I'm with Choice aggegregation on a percentage…[Read more]

Soooo I've just spent the last 12 hours painting……and I'm going to be sore tomorrow Give me a desk job any day of the week.

On the plus side – you'll be happy to know Wilko that the sun was out and the colour looks pretty good

Cheers

Jamie

Hi Will

An excellent mentor one of the keys to succeeding in this industry. If you can find someone that writes decent volumes and is willing to take you under their wing then you're chances of succeeding will increase dramatically.

Cheers

Jamie

wilko1 wrote:
Those sample pots are better then painting the entire front of a house in overcast conditions before the sun came out and you reliesed you just painted the entire front of the house in bright gay purple.  And you stand there going that is not what it looked like the shop lol

lol – you win Wilko!

I went crazy and settled with…[Read more]

Using another account isn't usually an issue. Sounds like a difficult lender.

Cheers

Jamie

Sound advice from Nathan above.

With your current LVR above 90% I wouldn't be jumping in right now. Not only from your own a risk mitigation view point – but I also can't see it working with any lender.

Cheers

Jamie

Ardmore wrote:
Thanks for the advice so far. It's most likely going to be an apartment that I buy and will be my primary residence. I'd like to retain it as an IP and aim to secure a bigger property in the future. What do you think about the idea of getting a cheaper unit than what I can afford and having more equity in it with less…[Read more]

Where are you looking to buy?

What drivers in the area make it a good investment choice?

Nothing wrong with investing close to home – but if it's a dud area then you really need to consider venturing out.

Cheers

Jamie

Hiya

I know it's not the answer you're looking for but you really should consult your accountant.

Cheers

Jamie

Hi and welcome aboard.

Cross coll is rarely a good idea – and if an IP can be purchased with cross coll it can also be purchased without it.

How are you calculating your available equity?

Cheers

Jamie

Hiya Paterson

You would want more than 1% CG per annum for any IP. Check out the back of the property investing mags like YIP and API for an indication of past growth (note – obviously it doesn't mean that these areas will continue to grow/decline at the same rates).

Cheers

Jamie

wilko1 wrote:
well I would firstly Pay $300-500 to speak to a colour consultant so that they can pick the colors out.

I should have done that. I didn't even realise the service existed.

I've spent over $100 on sample pots in the last week and also spent a fair bit on a 15 liter tub of china white only to decide that I no longer liked it. I…[Read more]

Hiya Gizzy

A real estate agent sells property. A property manager looks after your rental. So they're two different roles.

However, a lot of real estate agencies have divisions devoted to property management.

Cheers

Jamie

Can you colour match the existing painted wheatherboard surface and use that paint to cover the remaining 15% that isn't painted? It won't look as good as a whole new paint job but it should do the trick – and save you heaps.

If it were me – I'd just touch it up in the most cost effective way possible. Different story if it were a PPOR – but for…[Read more]

Hiya Gizzy

I don't know of them personally but if you do a search on the forum (top right) you'll probably come up with some results.

Cheers

Jamie

You could convert some youtube clips into mp3 files. Just find some property investment shows that you like and convert them.

Cheers

Jamie

Agreed with Catalyst – that's crazy money for a reno. You could almost put up a new house for that.

To put into perspective, I've just carried out a pretty major reno on the PPOR – almost everything but the bathrooms, added a nice big deck and there was quite a lot of structural changes. It's cost around the $50k mark – if it was an IP, we would…[Read more]

Terryw wrote:
Not claiming depreciation throwing money away.

Agreed – it surprises me how many investors don't both with a depreciation schedule – or think that their property is too old to be worth it.

Cheers

Jamie

Hiya

A pretty good description is available here http://www.bmtqs.com.au/tax-depreciation-schedule

Cheers

Jamie