Karl and Rita

It always comes down to compromising. You have a responsiblity to make sure the property is secure for your tenants, but this can be done by a deadlock on the door or window locks, that would be a cheaper alternative.

I would also tell the tenant you have a maintenance program in place and would look at the door screen in x amount…[Read more]

Hi Vivaar

Mortgage insurance is not all that bad, besides you can claim it back as a legitimate tax deduction, and that way you can keep your properties separate.

For me personally, I would never go guarantor for anyone. Please think of the worst possible senario, like boyfriend defaulting on loan, you are then responsible for not only paying…[Read more]

Just added a pergola to one of my IP’s. Costed the materials at a hardware store and then went to a recyle place, saved $400 on the cost of the timbers, also found out that recycle place had new clear looking shower screens (needed for other IP), which cost $110 instead of $400.00 at bathroom place.

So big savings can be had when you start to…[Read more]

Thank you Westan and Waz11

He’s a nice boy to boot! Forgot to add to the list of his accomplishments he has sold shares for his businesses (to family members)and will get our first divident in Aprl.

He deserves his success, I am a v proud aunty[biggrin]

Jenny1

Thank you Guys and Girls
for your thoughts. You are right need to hang in there. Just heard that I will hear by Monday (at least I will know!). Watch this space [biggrin]

Jenny1

Thanks Tonw wpb

I will look into that, hopefully it works the same way in ACT. [biggrin]

Jenny1

[biggrin] I am in the process of buying 2 investment properties so needless to say had to have my other properties valued. The wait for the valuation to come back was excruiatingly slow [confused2]when it came back after 9 days I found out that the valuations came back too low and the bank knocked back the loan!

Further investigation found…[Read more]

I have just read Reno Kings latest book Real Property Real People Unreal Profits. Nice easy reading book show casing different scenarios.

Happy reading[biggrin][biggrin]

Jenny1

Just found prior to Dec 2004 the property I was interested in (townsville) was zoned 2. Now since the change I have seen the same property zoned res 3. I don’t know if it effects all property in TSV all I know is it is v confusing[confused2]

It just pays to ask individual councils re zoning on a particualr property. I found the agents are just…[Read more]

Thanks Jo, that’s what I was after

Chhers

Jenny

Jenny1

No problem whats so ever Rick, we all help each other out and learn along the way.

Seen a few of your posts replies and you too help alot on the forum.[biggrin]

Happy investing

Jenny

Jenny1

Zoning codes are different all over QLD. Townsville has just changed their zoning prior to Christmas. What was once a Zone 2 is now a Zone 3.[blush2]

As previously stated you are best to ring the council in that particular area.[biggrin]

Jenny1

When it comes to investing I think you pick up something from every book you read – knowledge is power[biggrin]!

I like different books for different reasons, obviously Steve’s books 1 and 2 whet your appetite, then there is Peter Spann’s book and I have just finished the Reno Kings book-Real Property Real People unReal Profits. Like Steves last…[Read more]

Hi Guys

live in the nations capital beautiful canberra! A great place to live, don’t blame us for the politicians they only work here!

Take care

Jenny1

Hi Rick

Just fin reading Reno Kings newest book Real Property Real People UnReal Profits. It talked about niche market and explained all the things that went wrong and what they did to turn it around.

Worth a read to have an understanding what dangers/rewards may lie ahead.

Cheers

Jenny

Jenny1

Hi Gonnaberich (you won’t be Gonnaberich for long if you don’t take some action!)They have already cost you approx $160 for addtl rent they are not paying since Oct and more if they are not regular with their rent.

Firstly, are these people on a lease (esp if you are going to have a clean up after them)?

Tell your agent your not pussy footing…[Read more]

Hi Dan_76

I know how you feel it can be a bit intimidating your first IP. [blush2]

Dazzling is right as well, the agents can tell if your a bit green (we all have been green at some stage or other).

I am in the middle of negotiating my 5th IP (doing 2 at the same time lots of fun!!)and the agents started to say up here in QLD we put 10% dep…[Read more]

Thank you Steve/Terry for your advice all taken on board.

Cheers [biggrin]

Jenny

Jenny1

Hi Thames

Just recently I saw my Solicitor as I have been burnt before (not getting any younger to want to start from scratch again) and having more assetts than my partner (he suggested Pre Nup as he has no assetts)

A Pre Nuputial agreement is binding in Aust and will stand up in a court of law. The idea behind the PN is that you declare what…[Read more]

Hi Julian2

I think it is all a bit mind boggling sometimes, yes I make my money work. I have used equity in my properties and currently have offers out on 2 new ones at the moment.

It is all very exciting as I love the process the negotiating, as I am on the net everyday there is so much choice but not knowing whether I have a dud property…[Read more]