Hi Gentlemanjim,

I would have thought that the rental income would be of a primary consideration by the lender too. But it did actually happen to me, I rang a lender, I was inquiring about finance for an investment property and whilst we were discussing loan serviceability, they stated that they do not take into account rental income as they had…[Read more]

Hi Mark,

I’m no help I’m afraid, but I to would be interested in anyone’s comments.

I have actually seen carparking spaces in the CBD advertised for sale and wondered about returns and financing options etc.[?]

Cheers
Kym

Hi all,

My two cents worth………

I choose to do my own property management, for two main reasons. First, as you are all saying, all you wind up doing is arguing with the property manager, rather than the tenant. After bonds have been returned to tenants, it can be difficult at that point to recover for damages. The second reason is, it can be diffi…[Read more]

Hi Peter,

On the other side of that, there is the person who tends to get a little too caught up in the planning of things, and delays in taking action. (well Geez! That statement has me, me, me written all over it!!![xx(]) I tend to get caught up in formulating the ‘perfect’ plan, only to read another book or article that makes me re-think my…[Read more]

Hi Celivia,

I’m a Drafting Manager for a residential builder. Over the years, I have dealt with many sub-divisions and disappointed clients when they realise that they can’t actually achieve what they had hoped for after having purchased a property they think can be sub-divided or redeveloped. Not meaning to dampen your sprits, but after r…[Read more]

Hi

I need a bit more info to help. Do you mean you are looking for a cash +ve property? Are you looking to purchase in Bunbury? I live in Perth & have recently been researching the south-west for prospects, so i may be able to help, if I know what you are looking for and where.

cheers
Kym[]

Hi Kristine,

As per picja1 – need some more info.

Never , ever loose hope! Always remember,if at first you don’t succeed, try again – always.

On face value, it seems to me Aussie may not be taking into account any Potential income you would be earning from your investment property. I talked to a lender once that would not take rental income…[Read more]

Hi Peter,

Again, I agree entirely, you need carefully laid out plans of action that help you reach your goals. This in turn leads you to your vision. I found it easier to start with the vision and work backwards when defining my goals & then the plans seemed to automatically follow.

I do also agree that goals should be reviewed every 6 months or…[Read more]

Hi Peter,

Yes, I think you are right. I tend to think that a balance of intellect or fact mixed with a healthy dose of intuition or ‘gut feeling’ is the way to go. I generally find that most people (myself included – although I try really hard not too [xx(]) tend to distort the facts based upon their attitudes &/or beliefs when making decissions.…[Read more]

Hi Property,

I just posted a list of site in the previous topic (finding +ve cashflow properties)

I also just read a quote on this site that said “knowledge is a process of piling up facts – wisdom lies in their simplification” How true!!

The more you are able to break things down into their basic elements, the better your ‘insight’ will be.

Hi,

A few useful sites (mainly for WA research) as that’s where I’m from []

http://www.propertyvalue.com.au
http://www.reiwa.com.au
http://www.aussiehomes.com.au
http://www.abs.gov.au
http://www.vgo.wa.gov.au

Cheers
Kym

Hi Redwing,

You could check out this site:-

http://www.aussiehomes.com.au

I’m not sure if there is any information on Geralton there, but you can purchase VGO past sales data on line there. I too have trouble finding good info on country areas, but I have found that on occasion, local real estate agents have some good info on their sites.

Cheers
Kym…[Read more]