Good point. Thanks Benny!

how’d you go with the course?

how’d you go with the course?

good thing you asked the question here. :)

I agree with Benny. Try to check it yourself if you can or get your Property Manager to have a look at it before replacing everything with new ones. Also investigate more on how this happened as the tenant could more likely be at fault here and not a normal wear and tear type of damage.

A BA who implemented Steve McKnight’s strategies….
I am curious to learn more about this, would it be okay for you to share?

I don’t think there is a 100% guarantee to that @Hydramax. You can check the reputation of the developer and ask around as well. Check their history and such. Another con to OTP purchase, and there’s so much more. So be careful with OTP purchases.

Reported.

beat me to it Tony by 3 minutes. :)

There are still 95% loans majority for owner occupiers.

Qualifying for a 95% loan though is a bit harder these days due to strict assessment of different lenders with these types of deals.
If it will take you longer to save up the 20% deposit. Try to hit the 88% LVR as LMI premiums tends to jump in high intervals above 88%. You can definitely use…[Read more]

The body corp should look after the common areas and each tenants will be responsible to look after their own portion of the area.

This type of property is not uncommon in QLD.
The way they use this now is that they cater to large families or family that live together with their extended family. A bit hard to find them though.

If it is of legal height downstairs, you can get tenants on a separate lease.
If it is not, they sometimes have one on a lease and the other on a…[Read more]

as per Tony’s comment above and just to add to that.

1.) Work out your borrowing capacity at the moment with a broker. This will also add filters to your search in terms of location. No point researching in areas worth a million dollars if you can only afford $500k.
2.) Work out your end goal then work backwards. How are you going to achieve that…[Read more]

Great explanation from Corey.
Consider releasing equity from your UK properties and bring the money in Australia as a deposit to purchase properties.

I don’t think spamming the forum is a good way to market your business.

there were a few people looking at buying this a couple of weeks ago.. i will try to find them and re-direct them here.

there were a few people looking at buying this a couple of weeks ago.. i will try to find them and re-direct them here.

there were a few people looking at buying this a couple of weeks ago.. i try to find them and re-direct them here.

Heya Tim,

Consider looking at the west side of Melbourne. There is a lot happening there at the moment, with that price range, you can definitely find something in the West.. although personally I prefer the Eastern side as it has a more natural growth given that it is a more established area than the West which is going through a lot of…[Read more]