Hi Carol, don’t know what your situation is. But I do know that by not having a sign, you are sacrificing some exposure to potential buyers.   Happy Investing

Hi Ian, I would run this question by some local agents. They should be able to tell you what buyers and renters are looking for in your area.Almost all the renos that I do, have the potential to add an extra bedroom, I use this to leverage off course. Now, I have been “penalised” in the past (price + days on market wise) by having a lounge are…[Read more]

Hi there, you seem to be in a very good financial position from what you wrote, you should not have any problems borrowing money as you have plenty of equity in your properties as well as good savings. A few things you can do over the next few days that will cost you nothing:  1-Call an experienced broker so you can start exploring your borrowing…[Read more]

This is an interesting issue, I had 3 properties outside Towoomba , Dalby to be specific, SEQ. I decided to sell not too long ago and take profit because when I bought them they had the “mythical” 10%-12% yield, however as they doubled up in price during the boom and rents sort of stayed the same, my yields were really 5% after a few years, so……[Read more]

Hi Zayne, Over the long term (last 30 years), properties have performed in most major capital cities as per below:  –         8-10% Units–         10-12% Houses  Yes, a house will hopefully have more capital appreciation due to the land content, however a unit will be less expensive to hold. So you should consider in your purchase decision…[Read more]

Thanks Terry. Ian, happy to help, I am in Dee Why/Cromer area.Regards

Hi there, I have done a market analysis of the area, and I have gathered a lot of data on what things are selling for over there, by development, by area, lots, etc, etc.  Feel free to give us a call if you want to have a chat about it. 0434 396 441  Regards

Hi Mark, happy to help.I can come see you in Parramatta, no probs.Feel free to give me a call on 0434 396 441Regards

H Mark, happy to help, I can come to Parramatta, no problems.Feel free to give me a call on 0434 396 441Regards 

Hi Jane, good on you, why not give it a shot, the boring job will be always there.  May I suggest you start by doing a plan, start from the end, what do you want to achieve, and most importantly why?. Then develop your plan from there. See, a plan will help you to stay focused and in track. Your plan should include a $$$ goal, so you will have to…[Read more]

Hi James, TODAY, hehehehehe, you will pick up the phone and call the local council where the property is located and ask the question. There are some requirements that vary from council to council in order to be able to strata title a set of units. I have done this in the past and that phone call solved my problems. Maybe it is just a mater of…[Read more]

Hi Ming, by what you wrote, it seems you already know the answer, all the options you wrote would be great investment strategies, however which one will get you closer to your Goal?  Improving your cash flow in times of uncertainty is always a sure bet.  Happy Investing

Hi there, plan, plan and plan some more, I am sure you know this.Also I would like to share that as an investor you dont want "a ton" of properites, remember, what you want is THE MONEY that good properties in well researched areas will give you. You only need a few good deals…Happy investing

Hi there, in my property analyst days I used both, the main difference between the two is that RP Data is working on what is called “Aggregated Data”.Aggregated data is when the data provider starts collecting more than just the basic info, like 3 bedroom home, as opposed to 3 bedroom home, 2 garages, 650 sqm block, 1.5 bathrooms, 250 sqm of bui…[Read more]

Hi there, in my opinion, those that do the reno work themselves are not investors. Divide the profit you make in the hours you put in doing all the work yourself, and very likely you are doing a $15hr job. Now, I can understand if you like the solitude of being in an empty home, listening to JJJ while you paint, knock down walls, etc, but I would…[Read more]

Hi there, this is what my wife and myself did. We bought IP’s, well, I started to get myself educated in investing, attending seminars reading books, etc and then bough a few IP, on an income of $40K, bought in regional centers , properties that were cash flow +. The banks were happy to lend to me because the more I bough the more income I h…[Read more]

I would follow Steve’s advice. Don’t buy In mining towns or rural unless you want to specialise in this niche. CF+ is now being achieved via a step process, Buy + add value/fix a problem, etc. We do it very similar to the way Steve’s teaches, we buy a house on a big lot, subdivide, sell or develop and sell and pour the proceedings into the remai…[Read more]

Try talking to the owner and say, Mr Owner this is what is happening, I believe the property is overpriced, etc, etc, show him/her the Vals. Maybe you still have a chance to knock $25K off the purchase price. I do this a lot of the time when pest and building inspections come through; give it a go!Happy Investing

I use the PIA software, it has been around for many years and was developed by Jan Somers hubby (Somersoft). Most property advisors use it. If you are in Sydney, I would not mind showing you guys how it works, I have the professional version and in two minutes it will spit out costs, income, tax, IRR, Cash on Cash, charts, etc, etc. Great…[Read more]

I pay $1,200, for a few property transactions, a few buy and holds, 2 companies , two trusts and my wife's wonderings. This also includes a good chat/planning for the new financial year. I think is reasonable considering how much money my accountant has been able to save me over the years with good advice. In the whole scheme, $1,200 is not a lot…[Read more]