Another way to build equity beechmachine is to purchase a property that you intend to live in and obtain the govt 1st home owners grant. Try and buy a 3 or 4 bedroom home/unit in the best location you can afford be sure it is close to schools/shops/transport etc. Then rent the other bedrooms to friends or place an add in the paper or…[Read more]

well done benderfile good diversity and outside the square thinking good luck cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

if you take an interest only load the repayments are apprx 3753pa

insurance seem high at $1000 on $50k investment – does this include landlord protection? If so you dont need to budget for vacancy..??

Try and rent direct and save agent fees..??

based on loan 3753 + rates 1200 + insurance 250 = 5203pa rent at 6760 pa = CP $1557

if you had 20%…[Read more]

HI Benderfile

You want to check through the forums over the past few days, the question about the state of the market has been a topic in various forms several times.

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

hi beechmachine,

Great to see your starting young.

Do you have any specific questions that we could assist with?

Where are you located? Do you have any properties in mind?

These forums are a good way to learn. Have you read both Steve’s books? They are a good source of information.

Cheers

Jeff Aquilina

Need a holiday?…[Read more]

I like the “Worst house in the best street” line and have used it time and time again.

I bought my first property just 4 years ago in a inner city Brisbane suburb, a 2 bedroom unit for just $67k. It was a tired unit in an ordinary block but had good access to transport, shops, schools etc. A lick of paint and the odd TLC job here and tere soon…[Read more]

[confused2] sorry I am lost – could you explain in greater detail

cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

Hi Austin,

I would suggest you use a solicitor – mine charges $450 and I know everything is covered. Money well spent. At the end of the process you get a “congratulations” phone call.

In regards to insurance, I use AAMI they have been good to me. I use them for building, home contents, car, and landlord protection. It’s a one stop shop for…[Read more]

Hi Vanessa,

4 months..!! That is a VERY long time.

I am anxious when 4 days have past on a vacant property. I would take the offer. The potential tenant appears committed, allow them to make it their “home” and also I like the idea of rewarding tenants.

Some income is better than no income and it would appear you have little opportunity to…[Read more]

Sal,

Quick calculations

Units (4) $600k vs $600 pw rental, return 5.2% gross
Units (3) $600k vs $450 pw rental, return 3.9% (you live in 1)
House $250k vs $180 pw rental, return 3.7% gross
House $250k vs $290 pw rental, return 6.0% gross

On the numbers if you can find a property for $250k and obtain $290 pw rental income this would be your best…[Read more]

is there demand for rental of the garages?

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

Agree with PurpleKiss would be good to have the particpant only forums on a seperate page..??

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

keen to look at a QLD list if there are any QLD investors interested.

cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT for PropertyInvesting.com members

Hi Herks,

They are out there…just harder and harder to find.

I have started looking at commercial property, it appears you can obtain better returns in the right area’s this way.

Don’t always have to research for residential

Good luck

Cheers

Jeff Aquilina

Need a holiday? http://www.coralsearesort.com email me gm@coralsearesort.com 20% DISCOUNT…[Read more]

Hi Matt,

Tend to agree that 30 may limit your audience……

I am 31 [tongue] and would love to come along to your meetings……you could possibly hold a meeting in MEL SYD and BNE so people would not have to travel so far, airfares are cheap between these cities, perhaps invite a hotel to sponsor you, they could offer you FREE boardroom in…[Read more]

Yes I installed a splash back in my kitchen, I went to a sheet metal place as kitchen places will cost you the earth. It was about the same cost as tiles. Be careful what sort of stainless you get, some of the cheaper ones don’t hide finger prints that well and your forever wiping it down. Look for a sheet metal supplier and ask them if they…[Read more]

Hi,

I recently bought a property in Adelaide, a very old place on the Esplanade in Henley Beach. The good thing about Henley Beach is you can still get in a a reasonable price, have ocean front property that is becoming less and less available, I hope to develop the site one day. West Beach which is the next beach south of Henley Beach is even…[Read more]

Hi Matt…..go for it, if you can buy and build and achieve positive cash flow from day one then it is a winner. Make sure you do all your homework though on building costs, like renovating they can blow out….keep in mind repayments will need to be made while the property is being constructed, under most circumstances you make periodic payments…[Read more]

Hi guys thanks for the replies. As I stated “some” brokers do not have the best interest of their client at heart.

True story : my first broker suggested I use the first home owners grant to “get me over the line” even though he knew I was buying as an investment, he suggested I place the utilities in my name and not lodge the bond with the QLD…[Read more]

I found the stock market to be much like poker machines, fun for a while, win some loose some, but as I was not an educated trader I focused my investing on property.

You have to decide what you would like to achieve and what time from you expect to achieve your goals. The stock market may suit your investing goals..??

If not property…[Read more]