Hi Grant – I've got the 4 DVD Masterclass Advanced Pack. Is this the one you are after?RegardsJanet 0427 778875 or [email protected]

I have a brand new Buyer Beware Pack, never used.  Are you still looking for one?  If so, I am happy to post to you if you cover the postage.CheersJanet 0427 778875 or [email protected]

Hi Paul

Margaret Lomas talks about these types of properties in one of her books (I think it’s her 3rd book but don’t quote me). She gives a run through of the pros and cons and what to look out for.

Janet

The house is located at Manyana, north of Ulladulla. Price is approx $1.2m. You are right about hitting the right market. Our exclusive agency agreement runs out next week so we are looking at a shared listing with a Sydney agent.

Will check out the London and HK sites also.

Thanks Todd. I’ll check those out.

And I sure as hell ain’t moving to the Gold Coast. Can’t stand the place.

Who says we baby boomers are not tech savvy and are inefficient workers, you impudent young whipper snapper! [grrr]

Hi Mitzvah

From what I understand, Steve has discontinued the wrap kit because he doesn’t have the time anymore to provide the 3 months’ mentoring that comes with it. That’s why he heavily discounted the last of the stock. Apparently he will not be making it available in the future either.

Rick Otton has a wrap kit, so you could try his website…[Read more]

What state is the property in, because the cost and process can vary from state to state.

Start by talking to Council re whether the property can be strata titled. Also talk to a surveyor for an estimate of timeframe and costs.

A lot of questions there, and the only way you’ll get answers is to really do your homework. Talk to Council re the zoning of the land. This will tell you what else can be done with the property if you decide not to operate it as a boarding house. Talk to agents in the area to find out if there are comparable properties and if so, what is the…[Read more]

I’d get legal advice, perhaps the three of you need to visit a solicitor to make sure the deal is fair for everyone involved.

As Steve says, “are you a property collector or a property investor?”

One advantage of paying down your current loan, then borrowing against the increased value of the property (as opposed to selling it to release the money) is that you won’t incur selling costs. So it’s worth factoring that into your calculations.

Do your numbers based on the 2 scenarios: Reno and sell current house then buy IP, or reno current…[Read more]

Thanks Mark. If it wasn’t in Melbourne I’d be really interested. Looks like a lot of gear at a very realistic price.

I agree – painting over wallpaper is BAD [angry2]. If the wallpaper starts peeling, it looks 10 times worse than the original wallpaper on its own. Why not just get rid of it now – you can hire steaming thingies from hire places that make the job much easier. Or, if your budget allows, hire someone to do it for you.

As a tenant myself, I…[Read more]

Hi Beggsy82

Well done for buying your first property at 23! You have a bright future indeed.

What you need to do now is set your investing goals. Start with working out what you want to achieve and why, then set goals that will help you to achieve it. Then, every action you take should be considered with the following question in mind: “Will…[Read more]

The local Council should be able to tell you when it was constructed, as they would have approved the building plans and done the necessary inspections when it was finished.

Janet
0427 778875

Hi Yasmina. I just had a very quick look on the web and it appears that Power Loan is a fairly new organisation. Is your husband looking at a job or a franchise with them? If he is looking at buying a franchise, exercise great caution. I’d suggest doing an ASIC search on the directors for a start. Are there other people working for Power Loan…[Read more]

Hi Misty1,

It used to be that the deposit was put into the real estate agents trust account, and then on settlement the interest was divided between the vendor and the purchaser.

These days, that doesn’t automatically happen, and to be honest I’m not sure why. Something to do with legislative changes to do with trust accounts I think. Others…[Read more]

Hi Misty

Not all banks offer deposit bonds, and certainly very few offer low doc deposit bonds. I was looking for one a little while ago and the best I found was as follows:

The Deposit Bond Centre. The bond fee was $572 for 3 months (minimum term) on an amount of $22,000. Make your own enquiry to find out how much it will cost you. The…[Read more]