Hi Freckle,

Sorry to hear that you feel that way. I am certainly aiming to do something different with Active Investing – you can read more about how we're different here: http://activeinvesting.com.au/welcome-to-active-investing/

Kevin.

As they say, Open Strong – Close Stronger!

Kevin.

As mentioned by moxi10, giving them some money to spend on the garden and letting them choose how it is done is a great way to help the new tenant feel like the place is their home.

This could be done by meeting up with them at the local Bunnings (The one at Munno Para is probably the closest) or a specialist garden centre like Virginia Nursery…[Read more]

If you're still looking for an accountant, a few of the members from PI.com that are based in Adelaide are using Kohlhagen Group (http://www.kohlhagengroup.com.au).

Kevin.

I'm sure Jamie can back this up, but my personal experience has been that the banks require personal guarantees from the directors of the trustee company, which will usually result in a "hit" to your credit file and all the usual questions being asked by the banks regarding your serviceability.

It was on the 12th of November – one of Steve's biannual market update seminars, but apparently the last one that he will be running in the "face to face" method, instead opting for webinars during 2013.

A few of the people over on the Somersoft forums meet up in Adelaide semi-regularly. I haven't met with them yet, however  I'm hoping to do so…[Read more]

I've just finished the launch of my new site, activeinvesting.com.au 

I'm going to be adding one new article per week across the various topics on the site, so be sure to sign up for my email list (form is at the bottom of every post) to get a link to the new article emailed to you each week.

Have you had a chance to actually go through all of that information that has been supplied? 
ie watch the DVD's, read the books, etc?

Hi Jenny,

At the moment we're investing in Port Pirie in SA. What separates our properties from others is that they are nice, brand new builds with open plan living areas, split system air conditioning and no asbestos rather than 30+ year old "dumps" that are common in the rental market there.

Most rental listings that I've seen have had their…[Read more]

Protip: Don't waste your time having an instantaneous gas hot water service installed. We lost ours on our rental property in regional SA – apparently 5 new builds were hit on the one night.

We have replaced it with a 170L storage tank unit, and will be having all of our new builds completed with tank units as well, to avoid the cost and hassle…[Read more]

In his most recent market update session in Adelaide, Steve talked about his income accelerator, which was the internet business he still runs to this day (PropertyInvesting.com).

As mentioned, income accelerators are any business/activity that you can take on that will increase your income further, and could even include a second job after hours…[Read more]

PLC wrote:
What's more beneficial? Losing money through negative gearing and getting only a potion of it back at tax time, or making a profit through positive gearing and paying some tax?

As Tom pointed out, you will only get a portion of your loses from negatively gearing back as tax credits/refund, based on your current marginal tax rate.…[Read more]

Hi Blade328,

One really important thing that I always mention to people who are getting started in property investing is to try and leave all emotion out of the purchasing process, instead relying on the numbers to decide whether to invest in a property or not.

As Catalyst pointed out, he/she owns a 1 bedroom place that is a good investment and…[Read more]

No worries. I often refer back to the Development Plans for the various councils when looking at properties.

Just for future reference, all SA ones can be found at http://www.sa.gov.au/developmentplans

Kevin.

Having the freedom to be able to work on things that you're truly passionate about, rather than just having a job for the weekly/fortnightly paycheck is very satisfying.

May I suggest you check out Scott Dinsmore's site, Live Your Legend?

All the best.

Hi Ross,

Might be worth taking a look at the Development Plan for Whyalla, so that you can see what zoning your block of land is in, as well as all of the requirements around what can and can't be built, how small an allotment they will let you create in that zone, etc.

I know from experience that various parts of the Mannum township are zoned…[Read more]

Hi Richard,

I wasn't aware of this possibility – but that certainly changes my view on SMSF.

Based on what I'd read on ESuperFund around not being able to develop property, and having almost 40 years ahead of me before I can access my super, I'd discounted it as a useful strategy. However, I'm keen to revisit that now.

Can you send me a copy of…[Read more]

APerry wrote:
I suggest you keep your mind open with regard to lenders.
 

A really good piece of advice when it comes to investing. Definitely best to speak with a mortgage broker and let them find the best deal for your situation. 

Hey Adam,

Some great tips there. One other great one that you didn't touch on is to review the RPData Buy vs Rent report. You can get a free copy of this via email from the following page: http://www.myrp.com.au/cbabuyorrent

Armed with that "short list", you should be able to begin searching for cashflow positive properties a lot quicker and…[Read more]

I've enjoyed reading everyone else's goals… Now, for my 2013 goals:

1. Complete builds on IP's 2 and 3 one month sooner than IP 1 was completed in 2012. I will achieve this through being more active in the process and following up the builder and contractors more regularly to get the work completed in a timely manner.

2. Rebrand and relaunch…[Read more]