http://www.realestate.com.au do a burb guide it is good for reviewing medium income levels and age groups for prospective rental investments, also indicates what % of the population are renting or own and what type of families ie families with kids or singles etc all good info for determining if a potential property may attract tenants easier….

Good…[Read more]

I hardly ever speak to mine, they direct debit their rent into my account if they are late I sms them, if they need something they sms or call me. I think if you play by the book then all is ok to manage direct. At the end of their term the lease goes up at least CPI.

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me…[Read more]

Could the PM take a digital photo to give you an idea of the condition? Is the “chair” all that is holding up the property being tenanted????

Just out of interest what % to you pay the PM?

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me [email protected] 20% DISCOUNT for PropertyInvesting.com members

hey tom – pretty harsh reply man…?

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me [email protected] 20% DISCOUNT for PropertyInvesting.com members

I have never had a problem and the stuff arrives in just days not weeks which is great [cap]

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me [email protected] 20% DISCOUNT for PropertyInvesting.com members

I use NAB and they are ok with >40m2

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me [email protected] 20% DISCOUNT for PropertyInvesting.com members

Hi TD,

I have 5 properties that I self manage, I use an agent to perform a let only and find a tenant when needed (cost = 1 weeks rent + gst) and then they hand the tenant over to me. I have had no problems….touch wood (reaching for wooden table…knock knock)

I would drop the PM and take on the tenant direct.

Cheers

Jeff Aquilina

Need…[Read more]

Hi Dazzling,

I have a 2000 Lexus LS400 stunning V8 just love it. It is shinny black and beige leather. A real delight to drive.

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me [email protected] 20% DISCOUNT for PropertyInvesting.com members

Hi bwp,

I live in Airlie Beach – the market here has increased 20% per year for the past 5 years it has gone mad..!! Sorry to say but you may have missed the boat. You will buy very little for $200-$300k in Airlie Beach, you may find something in Cannon Vale which is the next suburb from AIrlie. You will buy nothing on the islands for less…[Read more]

Hi HoBe,

I have two excellent contacts for you, I have used both for many years they are VERY good.

Accountant
John Radridge – Tax Assist
Phone : 07 3252 4546

Solicitor
Denise Maxwell – Denise Maxwell Solicitors
Phone : 07 3892 4329

Let them both know I referred you

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me…[Read more]

A minor one but have you side aside funds to market the sheds?

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me [email protected] 20% DISCOUNT for PropertyInvesting.com members

Artist impressions look impressive but then again that’s what there designed to do.

There is no substance to the website i.e. no info on the project just pretty pictures [glum]

I was under the impression the Melbourne apartment market was over saturated??

Appears to be a good location

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com…[Read more]

Hi sweet,

You may need to be more specific ie where are you looking to buy, what are you looking to buy, how much do you wish to spend, what is the purpose of investing, do you have a deposit, are you in steady employment etc

Good ambition can be spoiled with lack of planning…

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com…[Read more]

Hi Aukssie,

Have spent the last 3 years managing a serviced apartment hotel I have spen to many investors in the complex, most unhappy.

Be careful with the rental return, it may flucuate with the condition of the hotel industry.

Your investment has high volume “tenants / guests” so you will need to sink money in sooner to refurbish – check what…[Read more]

martinc…..there is a catch..!! you have to take finance with their lender and it is 1-2% higher pending your financial position, than what you can acheive at your local bank. They tend to give money away easier than a bank to lure you into purchasing and their house and land packages are typically more costly than other builders. They also…[Read more]

Some possibilities in Dubbo

Try http://www.realestate.com.au Property No. 102839410

Price $80k
Rent $7,800 pa
Loan $64k
Repayments (interest only) $4,446
Rates $1,300
Balance approx $2,054
% return on investment 12.84%

Does not take into consideration closing costs and rental vacancies. Also need to secure the property at $80k not the $85 they are…[Read more]

have a friend or relative make the offer..??

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me [email protected] 20% DISCOUNT for PropertyInvesting.com members

if you have enough equity then LMI is not required, u also have more to claim as costs ie higher interest due to 100% + costs

if the deal is cash flow + then all it good

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me [email protected] 20% DISCOUNT for PropertyInvesting.com members

Hi Darren,

Sorry still don’t follow [hmm] maybe one of the more senior forum ppl could advise.

From what I can see you have $150k in equity. Have you taken into consideration the potential rent that can be used to improve your sercice ability position?

I would suggest you dont use the $90k loan it sounds like a redraw of equity loan, just…[Read more]

Hi Darren,

I am a little lost with your questions..??

If your current property is worth $300k and you owe $200k then your equity is $100k. If you are looking to purchase another property worth $200k then you need $40k as a deposit. You would then borrow the full amount for your new purchase $200k, the bank uses your equity as security over…[Read more]