back to the topic…

charmed, I don;t think there is anything wrong with using equity in your home to fund property investing. It becomes “good debt” to make your passive asset income-producing- in fact, your home is not much of an asset *unless* it becomes part of an income-producing machine.

If you have a PPOR worth $350k, for example, that’s…[Read more]

Heya Leigh- long time, no see

I’d be looking for a 10% property now. My current properties have yields ranging from 6%-9% rental yield (gross but not including depreciation which would raise their yields by a few percentage marks) and have had significant capital growth since purchase, but I figure now, with capital growth pretty much at a…[Read more]

Hey all Interesting topic- the holdings of religoius organisations. I grew up Catholic- but it doesn’t matter what religion one has or doesn’t have- same goes for all religoius organisations or institutoins really- they’re all pretty rich. So is the monarchy in England, and pretty much all monarchies. Institutions are prtected in the common law.…[Read more]

heya Scotty- and welcome

Be wary of always assuming property doubles every 10 years- it depends on where. There is a story on Jenman’s webpage (jenman.com.au) about a guy who flogged off property he bought for something like 18k in 1994 and sold it for 55k or something in 2004- problem was that the land is still only worth 18k in 2004. Capital…[Read more]

Thanks Michael- great report!

Greg: you need a new computer.

kay henry

Thanks, Derek

The Investor’s club lists its core pronciples as:

The core principles behind the Investors Club plan are:

1. Each investment property must involve minimal cash outlay;

2. Property selection is critical;

3. Every property must be as close as possible to positive cashflow from day one; and

4. Never, never…[Read more]

Hey folks A reminder that the Sydney Property Expo is on this weekend- yay! Anyone thinking of going? I am gonna go on Saturday, I think, and I’d love to catch up with people if you’d like to go then.

For a free ticket, go to sydneyexpo@renos.com.au
It’s the reno king dudes, and they’re speaking there at noon each day. Just send a blank email…[Read more]

Well, I was certainly NOT pleased interest rates went up, but we all have a different psychology and approach to these things.

resiwealth, I think you’re a bit harsh on people, in suggesting that 95% of people on here are “doomed to fail” (pullease) and that 5% are the “truely” successful. There is not one way of doing things (as you’ve pointed…[Read more]

Stephan,

If you have no money (or equity) and you have no clue as to find properties (as per your post), then perhaps you need to get some initial advice, or at least read as much as you can before you venture into property.

the state of the market is flat right now- take a look at neil jenman’s website to check out some of the losses people…[Read more]

Terry,

Thank you for your contributions. You’re a star (maybe Steve will give you red ones??) [goatee]

kay henry

Tigerbob,

You may as well just stick to the Melbourne one- they are all the same- it’s a travelling roadshow! I like the free talks by Margaret Lomas and the other ones on good property management etc. Hopefully, they’ll be talking about the new state of the market, and not rehashing old stuff.

There’s a tonne of marketeers talking about Qld…[Read more]

roessler,

Westan hit the nail on the head about why to sell. I remember the days of the “never sell” ideology. But I sold a property at the near end of the boom, and that allowed me to buy much higher yielders in better locations, based on the CG. Now that the market has dulled, I would never have got the price I did then, now.

As for passive…[Read more]

Gazundering- quite the worst concept I have heard of… I would question the legality of it.

Wayne, offer and counter-offer are a bit of a pointless game. Negotiations made due to “reason” are probably better- *why* are you making the offer you are? If it’s just an arbitrary figure, then it becomes a stressful game between you and the seller. Iyt…[Read more]

Crusader,

You might think about getting a Property Manager to manage the property next time- the few bucks you have “saved” in managing the property yourself, seems to have costed you greatly. You might also think about getting some landlord protection insurance in the future, so you can still earn from your IP even in the tenant is a…[Read more]

Ahhh, good on ya richmond and all else who bought in Rocky. You obviously made good choices

Richmond- you got any ideas on what might be the next Rockhampton?

Second question: Would you sell up a Rockhampton property to realise the CG? Or would you keep it?

kay henry

Dan,

There’s a “Caveat Emptor” section on somersoft.com where you can advertise properties. Many users of this Forum also visit the Somersoft Forum and vice versa. Check it out.

Personally, I reckon there’s plenty of spam to deal with on this forum, with people advertising their wares and services anyhoo. I like seeing it as a discussion place,…[Read more]

eeshole- yes, depreciation is an upfront system of deferred tax- get it now, and pay later… UNLESS you don’t sell… or if you DO sell, and you are paying on a profit, well, it’s still a profit, right?

I think the difference between gearing and CF+… negative gearing was the way to get a tax return- the old “pay $34 a week for this property-…[Read more]

hihopes, just a couple of points….

The only way you can know reliable rental returns is to check out currently available *comparable* properties. Check out the rent section on realestate.com.au It’s harder to do this reliably qith houses than units- because houses have different featuresw, size of land etc. With units, it’s easier to see the…[Read more]

Nice post for your first, Jon…

I check Jenman’s website each day or two to find out who’s been up to what- just part of my research and interest in real estate- saves having to trawl through google news.

I think he’s an honest guy and has a good heart- go figure, some hate his guts, which I find kind of sad.

kay henry

If landlords raise rents in rate rises, will they lower rents if rates drop?

kay henry