Think about the future.The larger block with no easement may be more expensive now, but down the track it could be a more sought after block for redevelopment with units, so it may be more valuable to either you or another investor.Tenants don't care about a few more or a few less metres on your property. It won't influence the rent return much;…[Read more]

emu1208 wrote:
Am I allowed to advertise my property for sale here?

Put forward a very detailed presentation of the numbers etc that will show the forumites what sort of deal it is, and what makes it so good.And, if it's so good; why are you selling?No-one is interested in a plain old property ad here; we can see them everyday on…[Read more]

wealth4life.com wrote:
The greatest change over the ages is credit debt … there is no use attending seminars on wealth creation with out the basic understanding of how to spend money and how NOT to spend money …

Agree.There are not nearly enough seminars available for people about simple money management skills, and the difference between…[Read more]

devo76 wrote:
Agree with your points LA and blogs. The keeping up with the jones and buying plasmas thing gets mentioned everyday. I was just saying that there are many people who will genuinely be hurt out of this through no fault of there own.Just bad timing. And i believe geting all excited about the impending blood bath can be in bad tast…[Read more]

You may want to check out what the Land Tax thresholds are in NSW as well.I think you may be getting close, probably over, with this new property.The taxes on investors in NSW are a joke, and you may be better off to invest outside of NSW this time.

I think everyone is agreeance that the market is about to/already slowing down.But it's not everywhere – there are some areas that will boom or simply keep on growing regardless of the rest of the market and what the media say. Go find those areas.We don't need more discussion about the gloom and doom. If you want to discuss it more, go over to…[Read more]

Jackie1966 wrote:
I would insist on the Buyer's Declaration. The agent should not have a problem with this if in fact another buyer does exist. Failing that, I would perhaps ask for input from the Principal of the office (mind you, you have no guarantees that the Principal is ethical).The way our office used to deal with multiple offers was to…[Read more]

Jackie1966 wrote:
When I used to work in real estate, if I told a buyer there was another offer, THERE WAS ANOTHER OFFER. It amazes me how many buyers think this is just some line an agent dreams up to get a sale. Sure, agents are paid a commission. It's their job to list and sell houses – that's how they get paid (why do people begrudge…[Read more]

Nothing illegal about paying off the PPoR debt. Keep in mind that you will probably have some cap gains tax on the profit from the sale, so keep some money aside for that.If you've had the IP for over 12 months, then you will be up for tax on 50% of the gain, at your personal marginal tax rate.Talk to your accountant about what tax you might…[Read more]

Depending on the limit your lender allows you to use, your LOC will be funds available, minus any existing debt.So, if your lender allows you to use 80% of the value of the property, and it's worth $280k, then the LOC will be $224k.You still owe $204k, so you can use $20k.There is usually no LMI on LOC's.

Ian Landy wrote:

hleung wrote:

The only thing wrong with "get in their and do it' is that you can make so many mistakes along the way even after reading 10 books. It's good to be able to do a course such as the TAFE one, ask questions and get some feedback from those who are not trying to push an idea. A lot of the books that I have read…[Read more]

devo76 wrote:
Fair enough. But do you think the rich invester with many properties are the one that are going to suffer.The majority are going to be people struggling to pay there PPOR morgage and now they may have negative equity on top.Plus the average Joe who is trying to build a nest egg with 1 house for retirement. These are the people that…[Read more]

There was a thread on Somersoft about finding a property manager to manage a student accommodation property.The owner has had no luck finding any PM's willing to take it on – too  much work for not enough return.So, there's your main problem; getting it managed by a reputable agent if you can't do it yourself.

Just out of interest DJac,what made you decide to leave a high-paid job in your own Country and want to emigrate to Aus without some work already lined up? As for the investing scenario, you can do No Doc and Lo Doc loans that will require very minimal financial history to help with the investing process, but you really should speak to one of our…[Read more]

 I'm sure there is a market for a properly set up, run by suitably qualified experts type of course to teach property investing, finance etc.And there are honest and reputable property investing courses and seminars out there; the trick is to separate the scams from the real thing.It would be great to see a TAFE course or Uni course for property…[Read more]

Sadly, no.Unless you want to go to a complimentary one evening seminar, then get signed up for the you beaut $5k course and get steered towards some over-priced apartments they happen to have for sale at the end of it.The best course you can do is the one where you get out the check book, and buy that cute little 3 x 2 with a garage for around…[Read more]

Richard,Isn't that 9 years to double in value?72 / 8 = 9

lucky88 wrote:
Yeah.I was all ready to jump in and things are still selling pretty quickly around here (Sydney) but I expect a lot of cooling in the market after the next lot of rises… but I am so eager to get on board! Very frustrating!Lucky

Why not get on board in an area that is about to boom, as there always is one somewhere – just gotta…[Read more]

These days you don't need a full time job to get finance.No Docs and Lo Docs side-step that hurdle, but you need to always be looking at your financial position to make sure you can safely handle any debt you take on.Even with Lo and No docs, you will still need some sort of deposits, so now is the time to get cracking; get rid of all the consumer…[Read more]

Yep; there's no hurry.I think come the end of the year the market will have run out of steam with these rate rises.