Hi Chris, looks like your in a great position, good for you. One thing I would correct you on and that is the fact you are no longer a 'beginner' and I'm sure you dont  think like one. You have reached the minority of investors by having more than 2 IP's.  Is the new unit the ones adjacent to the old bus depot / markets? They look beautiful, gr…[Read more]

I highly recommend "Real Estate without agents" by  Terry Ryder. 2004   ISBN0 9586517 5 2. A great read unless your a real estate agent. Its also referenced so it doesn't rely on opinion or subjective bias. Good luck.

Chill Andrew, its called sense of humor, thanks for enlightening me though.  Hey, will you really teach me something if I open my mind, just like you say? Is this where you want me to apologise for being so ''negative''. Lighten up fella. Since you didnt get it, my point is renovating isn't for everyone and clearly not every house is worth re…[Read more]

Hi Shel, why would you sell? Most property experts promote the "never sell" principle. Your in a great position with considerable equity in your first property. Phorsha is correct in that banks will lend you a considerable amount based on your income and existing equity. Its the way most people, including us have continued to buy property, ie…[Read more]

Change property managers…….yesterday. A good property manager is worth their weight in gold, this one isnt. We changed after 2 years of very average service and the new one is outstanding, tough though fair. No it isn't normal to be treated in that manner and its highly unprofessional and rude. One of our rules is there is no excuse for poor…[Read more]

Hi Andy, apologies, the previously mentioned 1515 is actually the 221D as described below. Taken from the ATO website. Very useful to enhance your cashflow if you are a PAYE tax payer. Enthralling reading….TAXATION RULING NO. IT 2583IT 2583INCOME TAX : VARIATION OF TAX INSTALMENT DEDUCTIONS ALLOWANCES PAID UNDER INDUSTRIAL INSTRUMENTSPREAMBLE Thi…[Read more]

Hi Andy,  your in a great position, good for you. Personally I dont think there is anything wrong with negative gearing, it all depends on the property you buy, your income, employment history, (banks love Joe stable) star sign, tax bracket, your age, partners consent, goals etc. Its all part of the big picture and we have a mix of both  pos an…[Read more]

We pay $200 each, 2 IP's and are employees. Usually takes 2 hours.  Sounds kind of steep. Was he in an inner city office with huge overheads?