Have you thought about putting a financial plan in place to work out what is the best strategy for you. Unfortunately most people don’t get advice and then find out they could have done it a better way. By getting advice you will know the right structure, what deposits you should be putting in, what your cash flow will be and the right area for…[Read more]

I had one of my properties unrented for 5 weeks with other units also in the building unrented for a longer period so I thought of a different strategy. I hired furniture for the unit from a company who specialise in this when selling properties. They took new photos with the modern furniture and advertised an open house on the Saturday. I had…[Read more]

Have you thought about splitting the title which could then keep it under resi lending which you could stage?

Hi Kevin

Budgeting is the most important part of getting started with investing. Our incomes coming in are consistent but usually our spending habits are not consistent especially when it comes to every day living. You need to establish a budgeting plan, put it in place and then monitor this for a period to see what is a “true” affordable…[Read more]

Great suggestion about approaching the hospital. A friend of mine approach the local real estate in Darwin and asked them what was needed. They advised there was a shortage of disabled accommodation so he bought a house within walking distance of the hospital, raised it and built in underneath as disabled accommodation. The hospital took a 5…[Read more]

Hi Isabel

The biggest risk in investing is time!

If you wanted to do something locally, you could engage the services of a project manager and your husband could help out on the carpentry side of things on his time off to help reduce your costs. The question is though, is your local area the right area to invest? Is this the best suburb to…[Read more]

Hi,

As someone has made reference to PPI Real Estate,I would just like to clarify that this is a completely different business that is in no way affiliated with PPI Property & Investment Advice (Formerly Portfolio Property Investments.

Many thanks

Hi SnowLionz

You may want to read the link below regarding land tax thresholds and trusts in NSW. In Qld the land tax threshold is $350,000 for trusts or $599,000 for individuals. This is based on the value of the unencumbered land.

I personally create new trusts for purchases taking into account land tax thresholds. This is something I…[Read more]

If you look at the building figures and people relocating into those areas over the last 2 years, you will see there is an over supply of housing at present and more houses are still being built.

There are a number of areas in Brisbane not to far from the city where you can get great investments within your price range. Have you sat down and…[Read more]

Due diligence should be done on every property you look at purchasing. If you are choosing to purchase land, sub-divide and sell then you are subject to capital gains tax. If there is already a sub-division with a high rental vacancy that should put flags up to say it may not be the best area to invest. You need to find an area with demand on…[Read more]

Definitely agree with Richard that certain suburbs in Brisbane have seen considerable capital growth which is why it is always important to do the right due diligence on any property prior to signing any contracts.

Hi Postup

Here is a link below. This is for Victorian properties but will give you a guide as to what you should be looking for. I hope this helps.

http://www.consumer.vic.gov.au/duediligencechecklist

There are some really good purchases a lot closer to town which will give you higher yield and higher capital growth. All cities have a ripple effect and the closer you are usually the better outcome.

You need to do some due diligence to find what areas are looking for. It is good to be in an area which has a high demand for a certain type of…[Read more]

You can start with something smaller that you can add value to. Rather than waiting for the market, you can add value help create your margins. You need to take these steps to start with and later move into the smaller developments. You don’t need huge amounts of capital but it is best to have a plan in place. Work out what you are after. Is…[Read more]

Hi Glen, the Brisbane market is definitely moving so all properties have gained capital. If you are looking for cash flow, it may be best to look at a dual income property. There a different options available with some better than others with capital growth so good research and due diligence is required.

You use pallets, similar to fork lift pallets, jack it up to it is legal height, then put cement slab in, remove the pallets, put steel pillars in and then build underneath.

Hi Glenn

Some tips and questions from my own personal experience

1. How often do they do physical inspections of the property and is it the person you are dealing with who carries out these inspections
2. How often is rent paid into your account
3. How many properties do they personally look after within the company
4. How long have they been…[Read more]