Hi C@34 and Derek,

wasn’t there a large exodus away from LOC? Reasons given are: higher costs, higher interest, possible lack of discipline would undo the benefits of the LOC? Are you now (or have you never gone away from) advocating LOCs?

Great question C@34!! I just applied for a loan as part of a contract of sale for a property but…[Read more]

Hi Adrienne,

Welcome to the forum!!! Do you mean the Swan Valley in Perth?

Cheers
krs

Hi Ash,

This seems weird to me, is the studio attached to the main house? Do they share common services (e.g. water, sewerage?) I presume they do if they are on the same block, but people rent out different rooms to individuals all the time!!

I would be talking to the council and get them to explain to you exactly why the contract is worded in…[Read more]

Hi Kev,

I would think that the “11 second solution” would apply anywhere. However be aware that a good understanding of what things like insurance, rates, water cost in the UK would help you make more of a conclusion. Possibly the cost of what is similar to Aussie’s strata fee would be something to watch out for seen a lot of UK houses have…[Read more]

Hi Rich,

rip offs in the industry are common place. if you don’t watch them, dont be surprised to find half the rubbish buried in the fron yard.

Ausprop has a point, be careful! One way that you can check whether they are “rip offs” is by asking the company to show you proof of their asbestos removalist license. In WA this is governed by…[Read more]

Hi Vernon,

In answer to your question:
Is landlord insurance necessary? I assume this form of insurance cover is different from the normal home and contents insurance?

Some people don’t look at landlord’s insurance as a priority until they get their fingers burnt. I got my fingers burnt and for the extra few dollars a month that I now pay it…[Read more]

Hi All,

Thankyou so much for sharing your stories. I think there are two important messages that I can see so far. The first is that it is okay to take baby steps as long as you keep heading towards your goal, whether that be one IP address or thousands. And secondly, if the time is right trust yourself to take a leap of faith and see what…[Read more]

Hi bd,

I also want to invest in fast growing area – either in blocks or in ready property. I need advise on both issues – how to go about it, best way to look, best areas for investment etc.

Try south of Perth – Mandurah, Singleton Beach, Rockingham for property in fast growing areas. If you do a search on Mandurah and/or Singleton Beach in the…[Read more]

Bravo Dr X,

It will WORK for other people! So work out if the shoe fits you personally and leave other people to make up their own minds!!!

While I admit I haven’t been a “valued” contributor to this forum (yet), I just want to put my two bobs worth in and say thankyou to Steve, (and forum contributors), for allowing us to have this oppurtunity…[Read more]

Hi grossrealisation,

I hope you don’t mind but could you explain to me what “da cc” is please.
Apologies for my ignorance.

Thanks so much.
krs

Hi Tonylau,

I live in Mandurah and have had some success in property in the area (admittedly some of it was luck by getting in at the right time). While the area is now getting pricey it is amazing how much you can benefit by looking for a property that you can turn into positive cashflow (as Purplekiss suggested).
If you are thinking regional,…[Read more]

Hi Katie,

I too was a fellow participant today and totally agree with your forum post (both the fried brain and the inspired part!!). If there is anyone out there who is unsure about attending the masterclass…go for it, it was well worth it!

Can anyone point me in the right direction of an accountant who is knowledgeable about property…[Read more]