I just had a look at that site Kay,

is that for real???
Now i know what you guys mean about Sydney prices being inflated!!!
How do you guys afford to eat over there?
I am truly in shock.
You should see what palatial property you could find in Perth for that price.

Yep, I love this city!

ANITA

Hi Yack,
Point taken,maybe it’s just a personal thing then.
Personally,i can’t see myself lying on my death bed wondering “if only i’d got rid of my beloved pet’s years ago then i would now own one half of an investment property,or,i would of had a later model car,or what about that pretty dress in the window.”
It’s all a matter of perspective and…[Read more]

The Crest,
What kind of a question is
“is 5 cats really a good idea?

It appears that Leigh’s animals are a consideration in her decision making process.
I find the question judgmental and unwarranted.
It’s not for any-one to question whether having pets that we love are a “good idea” or not.
The same could be said for a lot of other things,but i…[Read more]

Hi Sonja,

YOU CAN DO IT!

If i can do it, so can you.
It’s just a fear that can be overcome.
You just have to think whats the worst that can happen? Like Simon said—you’ll feel stupid,but it’ll only last a few minutes.

FEAR stands for

False
Evidence
Appearing
Real

No-one has to know that you haven’t done it before.Just “fake it ’till you…[Read more]

Thanks techa,
The wiring is definately something i will have checked out.A good freind of ours is a sparky and he said that there should be a sticker on the meter-box with the date of the last wiring check,well there wasn’t any there and that’s what i was pointing out to the agent.Also it had the old ceramic type fuse as well as a new looking…[Read more]

Hi everyone,
I thought i’d let you all know how i went today,armed with my new found confidence and knowing that you were all rooting for me.[biggrin]

I got there early as the agent had told me that the place was vacant so i had a look around the outside.I’d stopped at a newsagent on the way and bought a clip-board and had the PROPERTY…[Read more]

Thanks for your votes of confidence guys!
I’m just about ready to take on the world.[crown]

I’m going to take the plunge and will be looking at a property on SAT.
If i may pose another question—if i decide to put an offer on the place would i be better off to use the OFFER TO PURCHASE REAL ESTATE from the Buyer Beware templates,or,do i use the…[Read more]

That’s a good one Simon, i’d feel comfortable doing that.
I suppose it’s just a matter of getting out there and doing it,with all the great advice on this site,hopefully i won’t bloody myself too much!

Thanks heaps
ANITA

Hi Simon,
What would be an appropriate opening question to the neighbour?
I’m just thinking that you couldn’t say that you didn’t want to bother the people next door as they might think “why are you bothering us”
But then again as Diane mentioned,people in country areas are usually friendly.
Anyway,can you think of any good openers?
THANKS
ANITA

Hi Diane,
Thanks for your great reply,in fact we did do some of those things you suggested,and yes we did find out some interesting things![cigar]
It would of been good to look at some of the homes on the day as my partner works away a lot of the time.
I guess i’ll have to get out of my comfort zone and follow up and inspect these places on my…[Read more]

Hi Wayne,
Have you checked out Steve McKnight’s BUYER BEWARE templates?
The whole package is well worth the investment and has Tenant/Agreement forms included,as well as much more useful stuff.
CHEERS ANITA.

Hi guys/gals
I’ve been reading this topic with great interest as i’m about to purchase my first IP next week.
I will have to manage it myself as it is in a small country town with no Real Estate/PM
Anyway, what i’m proposing on doing is having a Direct Debit facility for the rent.Assuming they have a credit card,this will be the way to go as the…[Read more]

Wayne, unsure on any install. costs,quotes probably best way for market/average price make sure however that comparision is same i.e apples for apples.,get breakdown on all aspects labour, unit, power etc. My understanding is initially Evap is cheaper to purchase.Another thought is if a number of other people are looking at buying to join up to…[Read more]

Dear wayne,With the limited experience I have had with Air-con in the Perth environs I would suggest orientating toward re-frig,this method can cool/heat quickly thus can be set 1/2 hr. before arriving home so is not in use during time not in the residence, also allows for year round use.Evap. is great for summer given you have doors/windows left…[Read more]

Hi, excuse my ignorance here,but, could someone please tell me what LMI and LVR stand for?
Thanks
Anita

Hi Julia, it’s taken me until today to realise what you were saying in regards to what is considered as repairs and maintenance and improvements.I guess i didn’t want to believe it as i’m about to buy my first IP and it needs about $5,000 worth of renovations and i would of like to have thought that most of it would be tax deductable.Not so.Never…[Read more]

Thanks for the replies,
It could be that each state has a different policy about the FHOG, I’m from W.A. and i’ve got my hands on the brochure which was printed in Sept.2003 so i’ll need to check about the minimum time of residence.I did ring them the other day and the lady on the phone said that i could “go out and buy a block of units today”(i…[Read more]

Hi, I’m about to buy a property where the bathroom is basically a concrete room,so,if i was to tile it and put in a shower screen etc, would that be seen as an improvment and not tax deductable and how does one prove these things?
Would taking photo’s of a property before you start be a good way of going?
Cheers Anita.
By the way all the plumbing…[Read more]

hi nadeen, i too have been looking into the first homebuyers grant (FHOG).You can buy as many investment properties as you like and still be eligible for the grant as long as you don’t live in any of the properties.Once you receive your grant you can still rent your propery out as long as you reside in it within 12 months of receiving the…[Read more]