Hi,I've recently re-mortgaged with Mortgage Express for a property in the UK (I'm British) and they were good. So it may be worth  finding out from them your borrowing capacity and that may help you make up your mind as to what to buy. I have a pretty good mortgage broker in the UK – if you want her details drop me a PM.Regards,Karen

Hi,I would have thought that if he's been doing some work for you then there will be a charge. There is also a verbal agreement that he would do your tax return which is why you sent him your details.However I'm not a lawyer. Whenever we get a new accountant – we had to get one since we've recently moved to Oz, I interview them. I get them to…[Read more]

Hi Stephen, Prices are heading back up in Melbourne for apartments in our experience. We bought a 2 bed apartment on City Road a couple of years ago but because there were soooo many apartments released at the same time we lost about $100K off the value of our apartment. It's now gained back most of that loss.      

HI Julian,Being a Pom who's recently moved to OZ I don't know of buyers agents in the UK. It's not that common. To get it re-valued contact a local surveyor (from the RICS website in the UK – http://www.rics.org) and they will do a valuation for you. They will need access obviously probably through the letting agent. I lived in the SE of the UK and had…[Read more]

Hi MrManI haven't personally bought a private sale but I would never leave everything  to the seller.  Maybe I'm just the suspicious type I would get a solicitor or conveyancer involved  (depending on the State since in SA we can use  conveyancers) to get  a contract drawn up.But that's just my opinion….

Hi Richard, We're not doing badly – 3 IP's in the UK and 2 here in Australia. And of course we are on the lookout for more now.Good luck to you.

I'm confused. I took a look at the site but it's aimed at HOME ownership and not investors. They appear to own the homes and then are looking for people to 'buy' them and live in them under their scheme. Unless they want investors and I've misread something then I'm not sure how that scheme fits in with investors.

Hi Richardgr,I think a lot of us go through that phase I've even been in the situation of about to place a deposit the next day and almost talked myself out of it because I got cold feet. No matter how much you read, how many courses you do you will always learn more when you start doing it yourself. Always make sure that you know what you are…[Read more]

If you have a Visa debit card you can use that in the same way as a credit card – except of course it comes out of your bank account. The wonderful bank we're with (and have been with for several years before we moved from the UK) decided that even though they knew how much money we had in the bank they wouldn't give us a credit card for $5000.…[Read more]

Hi hgwells,It's sounds like you are wayyyy beyond your first step Your goal is to quit your job, so which part of property investment do you like best? Do you want to be doing renos full time? If so then improving your skills in those areas and putting them into practice would seem like a good move. Would you want to do the renos yourself or get a…[Read more]

Hi Emma,Is it a cashflow positive property? Just wondering if you could borrow the rest of the money from somewhere else and pay it back from the rental over time? Is it a new property or would the vendor do a vendor loan?Regards,

Thanks for asking the question Misty1 since I thought it was the settlement date. The contract for our house was signed in February when we were over from the UK, but the settlement date was in June. So I assumed the date of sale was in June. So much to learn……Karen

Are the rates definitely higher if you rent out the property? We have rentals in Melbourne and have always had the rates sent to our home address. Maybe it varies from State to State?

princesshayley wrote:
I. when I finally got a day off I was woken by 5 police officers with a search warrant as this darling cherrub was dealing drugs from my house while I was at work. Luckily I wasn't dragged into it all but as a result it's on my house's record and I'm now known as a drug house by local police. i've also had a paint…[Read more]

2817 here, which means we can last until 22nd May 2015 (my husbands 55th birthday!)It is thought provoking…. Need to up that score though so that we can stop the 9-5.

Have you tried doing house shares with professionals? We've done this in the UK but not in Australia (yet!). The house is a smart, new house and would usually rent out for 900 GBP but we get 1500 GBP but letting out the rooms individually. We pay for a cleaner to the communal areas once a week, and we pay the utilities. Obviously you have to work…[Read more]

Hi,Also be aware of the maximum Loan to Value (I think it's LVR in Australia) with a UK mortgage. I'm in the process of re-mortgaging a house (investment) in the UK and now that I have moved to Australia the maximum I can get is 70% of the value because I am now a non-resident in the UK.

asdf wrote:
Just curious what kind of deals the RESULTS guys have done recently? Theres no need to provide specific locations or numbers but if its development sites – did you get it cos of the contact through the group? What analysis did you do to spec the deal out as I come across many site opportunities but rewards at the back end is just not…[Read more]

If anyone is thinking about doing letting by the room in the UK to increase the cashflow make sure that you know what the HMO (House of Multiple Occupation) rules are for that area. They were introduced to standardise what is required but every council seems to have their own set of rules instead!

Although we live just North of London we don’t…[Read more]

If anyone is thinking about renting out by the rooms in England and Wales then please note that there are new HMO (Houses of Multiple Occupation) rules being introduced in April 2006. These rules are being backed with a fine up to £20,000 if not complied with and the tenants can claim back 12 months rent from you as well. Although there are g…[Read more]