Hi ggbeh

Welcome aboard.

I'd put in a quick call to your solicitor/conveyancer and ask them to find out if completion is still on track for those months.

If it is –  then best to start moving now.

Cheers

Jamie

Totally agree. I've even got clients in the ACT that I haven't met in person. Email/phone is so convenient and also enables you to broaden your scope when looking for professionals – you're not just restricted to your local area.

Cheers

Jamie

We’ve had valuations revised for clients. It’s generally a matter of providing three recent comparable sales which support your argument. Sounds like the valuer has botched this one up as they are using smaller dwellings, etc as comparisons. I’d use that as an argument as to why their valuation was inaccurate.

Cheers

Jamie

Hi oceans

Welcome aboard.

I like the idea of buying a property that you will add value to. In my experience, this can be a really effective way of kick starting the portfolio. Just don’t over capitalise on the renos and find a place that doesn’t need structural repairs.

Richards comments regarding the interest only loan with the offset is something that you should consider – particularly as this will become an IP down the track.

Best of luck.

Cheers

Jamie

Hi there

There's been quite a few posts on Logan so a quick search should return some good info.

Cheers

Jamie

Hi Rusty

We self manage our local IPs. We don't do it for the cost savings – we just had issues with inefficient property managers. We've had all sorts of tenants – from tenants that we've had to evict and go through the entire tribunal process to fantastic tenants that we'd only need to carry out inspections once per year. As long as you follow the tenancy law/processes in your state and are willing to confront issues if they arise (late rent payments,ect) then self managing can be a good option.

Cheers

Jamie

You can still make extra repayments into the loan but best to make the extra repayments into an offset account with the loan set up as interest only as opposed to principle and interest. That way, if you buy another ppor in the future you can transfer these funds to your ppor loan which has the benefit of

Hi Johntan

Welcome to the forum.

Continue to read widely – have a look at some of the books from Somers, Lomas and Yardney. All have different methods of investing.

Forums like this are a great free resource – generally with up to date info.

There's a bunch of links on our website that you might also find useful – http://passgo.com.au/property-data-websites.html

Cheers

Jamie

With "modern" apartments there's usually little scope for improvements via renos.

If you're looking to increase the yield – perhaps consider allowing pets (if strata allows of course).

Cheers

Jamie

It's always good to diversify in terms of location but if you've found a deal that looks good and your confident it will do well – then go for it.

Cheers

Jamie