Thanks Dave,

I’m after a cashflow (buy, rent, hold) calculator. If you could post or message me the link that would be great.

Thanks

Chris

Hi,

IMO no property worth spending money on is anything close to that low. Prices like that are from the early 90s at best, though setting the time machine to the 80’s would be better. I’m not an advocate for buying in backwater towns (high risk). I would prefer to take $40K and pick a young stock with some steady +ve growth within the material’s…[Read more]

I know Underwood very well and the property looks like it’s over sophisticated for the area, which is 20Km’s sth of Brisbane CBD. A lot of money seems to have gone into this property. It could have been bought in it’s original state for around $270K-$280K (in the last 12 months). Potential renters in this area would be families or young couples in…[Read more]

Hi,

I work for Telstra in Business Sales and regularly come across customer’s with similar issues. A letter to the Ombudsman wouldn’t be a worthy investment of your time. Although Telstra has been a semi-privatised company, it has only been the last 12 months that we’ve operated like we have shareholders. It can be quite difficult for a company…[Read more]

Thanks Duckster,

The target tenant would probably be students or people wanting to share with others. It’s not in a yuppie area but is quite close to uni’s and tafe, about 20 mins to the CBD, 5 mins to an industrial estate, and 10 mins to a westfield. The area is quite mixed, with some young families, retirees and share accomodation.

I’m…[Read more]

Thanks Milly,

I’m also in Bris so I guess that changes what I was planning. Is there a way to get the granny flat assessed as a separate property?

It sounds like you’ve worked out a good strategy.

The 2 living areas are quite separate, apart from the laundry which has an internal door to the “granny flat” (and an external door to the yard), though the internal door could be locked so the tenant of the main house could use the laundry without being able to get into the “granny flat”. There is a large back deck area closesly associated with…[Read more]

Thanks for your help.

Thanks. I’m guessing non-habitable means lounge room/kitchen etc or is it any room within the property to be listed as a “living area”?

Hi Damien,

Sounds like you’re on the right track. My only concern is that 100K sitting in the bank earning bugger all. A conservative managed fund would’ve returned around 10% in the last 12 months. Coupled with a margin loan you could be seeing quite a return on that 100K. Even if you hedged your investment and put 50% into a managed fund;…[Read more]

Your Accountant will have a copy, so will the ATO as it’s required when you submit your tax.

Whatever you decide to do – DO NOT put any of this cash into an IP loan. Use an offset as Derek suggested but don’t use it to reduce an IP loan directly!

Can I ask why?

You could always tell your neighbour he’s welcome to dig out the roots that are on his side of the fence.

We’re currently getting out PPOR landscaped with retaining walls etc. I think the hardest part is finding the right person for the job. Work is underway on our place and we’re very happy with the guy we chose to do the work. Unfortunately we’re not in Adelaide, but you can still use the same method to find someone.

We went to our local landscape…[Read more]

I would avoid auctions. They’re focussed on making the seller as much as possible and the buyer has no negotiation power. They’re good to visit and watch to get an idea on what interest the property has though.

Hi,

The best advice is to read as much as you can from successful investors and don’t go rushing into anything. If you want something you can just launch some money into quickly, the best option would be a managed fund. It sounds like you might be new to investing in general as high returns equals high risk. Anyone saying something is high…[Read more]

Uni isn’t the be all and end all. Depending on what you study your degree doesn’t have to be what you do for the rest of your life. Don’t choose a degree because you think it will make you the most money, or because it sounds the most impressive, or because its what your parents want as you’ll end up hopping from one degree to another or never…[Read more]

I don’t believe so. If you’ve bought a property you can’t utilise the FHOG.

If you buy an IP in your own name, what’s involved in moving it to a Trust? How does it work with Tax etc?

Sorry, am new to all this.

What’s the best way to find the more popular schools? Would the education dept for the state in question have something on their website?

Thanks.