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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of KitteeKittee
    Member
    @kittee
    Join Date: 2003
    Post Count: 8
    July 31, 2005 - 12:50 pm

    Hi Sam,
    Our IP is in a small town where we live (about 9,000 people) and has been tenanted continuosly except for when we wanted it vacant to do some repainting and recarpeting between tenants. We were fortunate that a new major development was about to go ahead when we bought our IP therefore additional rental properties were being sought. It is important to know the needs of the particular town. Another point to keep in mind – what are the educational facilities in the town? I believe the rental market is better if the town has good primary and high schools as people will move to smaller towns for the educational needs of their children. If there is a TAFE or small Uni it is a real bonus. (Yes we have all of these in our little town).
    Good Luck

    Kittee

    Profile photo of KitteeKittee
    Member
    @kittee
    Join Date: 2003
    Post Count: 8
    September 13, 2003 - 5:48 am

    Aussierogue,

    hi from Kittee and congratulations on the impending birth. Best Wishes in advance.
    I know this name is not on your list but it is one that I have liked since I heard it on telly when Australia had the Olympic games –

    the name is:- Aliana !

    What do you think?
    Cheers! [:)]

    [/quote]

    Profile photo of KitteeKittee
    Member
    @kittee
    Join Date: 2003
    Post Count: 8
    September 12, 2003 - 11:40 am

    Simon,

    Thank you very much. Yes what you said was very clear and I think it may be possible for us to access 20% from our PPOR loan and borrow the other 80% for the IP.
    1 Question though?? Could you please explain though what you mean by saying, “now the properties are not x-colled”?[:)]

    Profile photo of KitteeKittee
    Member
    @kittee
    Join Date: 2003
    Post Count: 8
    September 12, 2003 - 10:08 am

    Thanks Mel,
    I understood nearly all that you said, but please tell me what PPOR stands for. No I’m not dumb just new at this…..lol
    thanks [:)]
    [/quote]

    Profile photo of KitteeKittee
    Member
    @kittee
    Join Date: 2003
    Post Count: 8
    September 12, 2003 - 9:43 am

    Hi Andrew,
    Yes it is positively geared and has gone up dramatically in value in 5months. As we have only had it for 5 months we do not have much cash from it yet – so how could we use that property as collateral. Thanks very much for your reply[:)]

    Profile photo of KitteeKittee
    Member
    @kittee
    Join Date: 2003
    Post Count: 8
    September 12, 2003 - 9:39 am

    quote:

    Hi Kittee,
    Is the IP you bought positive geared? If it is I can suggest you access those funds to buy you more property. The key is to access as much return on your cash outlay, so you can re-invest into more property. The suggested positive return is 25%. This is the CoCR which has to be looked at closely when assessing the risks involved.

    best regards

    Andrew

Viewing 6 posts - 1 through 6 (of 6 total)