You reckon do ya?
I’ve inspected two this week that are almost +ve and have excellent CG potential. I’m trying to get a deposit together for one (anyone wanna lend me 30k at 10% or so?) and the other is in a flood area. Shame because it’s been fully renovated-new kitchen, bathroom, painted etc, and the outside has been re-clad up to the bottom…[Read more]

If anyone’s really serious, you can PM me. I’m in southeast QLD. If +ve cashflow is your number one priority, you might want to contact Westan who finds properties in NZ.
Regards
Judi

I think it’ll be a little longer than 2 years for me. However, since i’m apparently going to live to 101, I should still have a few years of retirement to enjoy [:p]

Judi

Hi Celivia
I’m getting the same result. I’ll go to the feedback link and try to let the technical support people know.

Redwing, unless I miss my guess, it is still the 24th (all day, they tell me) []. If you click on “more” at the end of “Todays tip”, you’ll see the whole thing where it mentions the secrets of property revealed. Could be the…[Read more]

Ooops! Forgot to reply to the original question.

I’m very surprised with the answers so far. I guess I’m one for setting goals and keeping the final destination in sight.

I have a certain figure for what I want my net worth to be (to provide me with adequate passive income), and a time frame. Property investing is just a means to an end for…[Read more]

Oh Sis []

Don’t let that confusion get you down. It’ll pass soon enough.

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Be happy

Judi

Hi Originalsin
Check out the thread titled “the order of buying a property”, and see how you go after that.
Regards
Judi

Hi Russmarg
I guess if you buy a property to live in, then it has to be in the area where you are. However, you don’t have that restriction if you buy as an investment. If you buy a home, will you have any cash left over to invest? It might work out cheaper for you to rent while investing in another area. Depends on your goals and on how the…[Read more]

Hi Benny
Why not do both? Buy a property that’s below your means, get a good property manager and tenant and off you go! It doesn;t take a lot of money to travel depending on where you go and in what style. By the time you get back, you should have some equity built up to buy your next one.
Judi

Hi Waf

I’ve been told that the valuation is valid for 3 months. I don’t know though if this is standard or if it varies from lender to lender.

Judi

Hi Danw

For the bond lodgement, entry condition report etc, you can got to http://www.rta.qld.gov.au and print them off.

Steve has a product (Buyer Beware) that includes application forms for choosing a tenant. I’m sure there are other products that maybe someone else can point you towards.

Good luck

Judi

What are the main reasons for using a trust?
Judi

penguin

Talk to a mortgage broker. Find out how much you can borrow. Find a property in your price range. Inspect it yourself. Make an offer (in person to the real estate agent). Agree on a price. Look at the sale contract with a solicitor or an experienced investor that you trust. Make sure there is a condition on the contract about…[Read more]

If it were within my means, I would give it to him willingly without expecting anything in return. How often do people ask you for money straight out like that and without any deception?

If I didn’t feel that I could afford it, I’d tell him about the cost and effort and time involved in renovating and show him how he could do it himself. I’d…[Read more]

Hi Penguin

Rates are what you pay to the local council each year (or 6months) as the owner of the property. The money is used to pay for things like water, although that is sometimes a separate expense, and sewerage and other things.

Usually when you agree to buy a property, you will pay a deposit (which comes off the part of purchase price…[Read more]

Hi Ortheria

“I suppose my first question is if this market is realistically going to provide me with a positive cashflow and secondly, if I have enough money to build a portfolio.”

First question: Any property can be CF+ if you put down a large enough deposit and have a tenant. BUt seriously, look at some properties, find out the rental price…[Read more]

Thanks Simon
I think I will end up using melamine. That’s a good tip about the handles.
Judi

Hi Westan
I’ll be buying at least 4. I settle on the current one in two weeks and will be ready for the next towards the end of April.
Judi

Happy Birthday Matt

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Hi Jason
I’ve used sugar soap in the spray bottle and just wiped it off with a towel as I go.
Judi