Another intelligent answer furrymoggy!

Ben

There is so much to learn, I agree with others do as much reading and looking on the net, especially on this forum to get first hand experience and knowledge to basically any subject.

I have built a team of people that are like minded and are trustworthy. Unfortunately it is both word of mouth and…[Read more]

Enelson

I sympathise with your situation.

Had another thought what about a letter to the Dept Transport/Roads re speed humps being placed in your street. Also keep a diary of how many episodes on any given evening, the power of the pen is really underestimated.

I personally would not be selling as you will end up with alot less than what you…[Read more]

Enelson

Not alot of info re your IP which makes it hard to give advise.

Could you either turn PPOR into another IP and rent or sell your IP and keep funds aside until your ready to try the property market again in a place where you would want to live.

What area is the PPOR? Have you tried to get a rego numberor car description to give to…[Read more]

I once married a man that was v careful with his money, infact all my wages went into his account and I was given an allowance of $50 per fortnight, as he believed I was not good with finance. He did not share my vision/passion for investing and believed in not doing anything in regards to investing other than paying off his mortgage.

I was made…[Read more]

Thank you all for your replies.

I check the net reguarly to compare prices of rents being offered, mine is still mid line although I dropped the rent $20.

I will talk to other agents as I think this particular agency is too big to give my property attention. And then I will flick the Agency

I should of thought about the sign but being different…[Read more]

I totally agree with Dazzling

How can you say you can’t afford insurance when you are prepared to wear a loss of rent $6,400. Insurance would not cost anywhere as much as this (plus it is a tax deduction).

Being naive has cost you plenty. Set up reminders on a calender of when rents are due, internet/phone banking can be done from…[Read more]

I guess in another year or 2 we could put the rent up and we’ll nearly nearly have a positive cash flow property even though it’s just a daggy little 2 bedder in the lovely sunny suburb of Sydney’s charming outer west – Penriff!!!

Nelsons,

If you look in the latest edition of API they have a feature called Sydney’s ‘Westies’ in the article it…[Read more]

I have loved investing for a long time now and I suppose I like this forum because we all have a common interest in property.

I have always chosen people that I would tell about my investments that understand what it is like to go without and to sacrifice in order to move ahead.

I found out in the early days that people wouldn’t understand what…[Read more]

Oops just playing..and it worked!

Jenny1

Candy

I would not be managing the property myself I would be checking out other PM’s that will collect rent, maintenance and all the other run around things PM’s do to earn their commission.

This is all tax deductible why go through the drama of doing the run around all this is time consuming, when you could be doing other things in regards to…[Read more]

Hi Dazzling

Well your finally eating lots of cake now! Fantastic news, as I know you have worked hard behind the scenes to get where you have got.

I love your sense of humour and often had a quiet chuckle at some of your remarks as it is said with tongue in cheek. I personally would like to have someone be direct with me rather than pussyfoot…[Read more]

This Forum is so lucky to have such a collection of creditable brokers who take the time to help/answer questions re finance etc.

I have had the pleasure of you either speaking/ emailing me with answers to various concerns and have always enjoyed the debate/knowledge that you guys pass on through the forum. Learning always as I go along.

I…[Read more]

Foundation

At this stage of my life I am in a position where I have no outgoings I live, eat and have all utilities paid for by my employer. I own an old car, have some shares, and don’t have a credit card.

The rents collected from my properties pay a large portion of my mortgages I pay any other monies into reducing my debt.

I am wanting to…[Read more]

Thank you Robert

Are you talking about restructuring with another lender, if so I too live in the ACT are you able to recommend someone that is savy re structuring investment loans?

Cheers

Jenny1

Robert loan amounts as follows:

LOAN AMOUNT VALUED AT RENT
$220,000 $380,000 $350.00 pw
$311,000 $340,000 $320.00 pw
(purchased Aug 04)
$203,000 $205,000 $200.00 pw
(purchased April 04 no tenant as yet).

Cheers

Jenny1

API stand for Australian Property Investor. This is available at any newsagent or do a Google search to find their web address and you can subscribe online.

A great mag with lots of info.

Hope this helps

Cheers

Jenny1

Hi jjwil105!

Thanks for your reply.

In reply to your question I have found that prices can vary. The first property(ACT)cost $550 the latest (also in ACT) $440 and the other 2 I asked and got quoted $650 (both in QLD).

These depreciations are all ATO complient.

Hope this helps, should think the depreciators are getting busy now drawing close…[Read more]

Just do a search on reverse mortgage there is a bit more info written [biggrin]

Jenny1

Derek

Unfortunately I have other properties but in other states and with different agents!

Think I need to talk turkey to him re comm and see what he says.

Cheers

Jenny1

Thank you Richter

I found out the other day same PM offered to look after a property of friend of mine and was going to charge only 8%!

Certainly woth re negotiating.

Cheers

Jenny1