I am seriously thinking of doing the course too and I also did another similarly priced, although not as extensive, course this year. The education is invaluable, as are the contacts and the confidence gained. I never really subscribed to the “you’ve got to spend money to make money” ethos until getting into property. I have since learnt that the…[Read more]

Same with other posters, I look around and if I want to post I will log in (if I remember my password!)

Yes Rob would be good, or Despina Priala who is also on the Gold Coast. Although, I am not sure whether Rob Balanda or Despina Priala would meet the ‘tight budget’ criteria.

You could try Savvy Property People in Prospect Property Manager
Mary Rossi
08 8344 1115
mary@savvypropertypeople.com.au

I don’t have any property with them but I know Debbie Williams who is the Principal. She is an investor herself and that helps. I know they have some properties on their rental books for the TTG council area.

My parents were discussing with me today whether there was any way to avoid a huge CGT bill on my inheritance from them. The inheritance will be solely from their property which is their PPOR. I saw on the ATO website the following

Since 21 August 1996, if you inherit a house that was the ‘main residence’ of the person you inherited it from, you…[Read more]

Was wondering that today too. If I put the money into my super will I pay less CGT on it that if it just goes into our account?

Kent Cliffe wrote:
but 50% of something is better then 100% of nothing.

How true Kent, I often come across people who question the amount of CGT that is payable. I know I’d certainly prefer 50% of $30K as opposed to 100% of $0

Just pick your street Jamie, there are parts of Davoren Park that I would invest in and parts I’d steer well clear of. The area is part of a govt initiative called Playford Alive and the aim is to rejuvenate the area and get rid of its reputation. I have been along streets however where you’d be hard pressed to find a sheet of glass in a front…[Read more]

It seems that solicitors always suggest a caveat these days, I guess more $ for them. The way I look at is how large is your emotional investment? If I was buying my dream home I would probably place a caveat on it. But I always aim to view an investment property purchase as a business deal, if the house gets sold to someone else between placing…[Read more]

I have 3 investment properties in Albury so that undoubtedly influences my opinion. One is cashflow positive, one cashflow neutral and one negatively geared. I have never had a problem finding a tenant, all were tenanted within 2 weeks of being advertised each time.

I would avoid much of West Albury and Glenroy. You really need to know the area…[Read more]

I have 3 investment properties in Albury so that undoubtedly influences my opinion. One is cashflow positive, one cashflow neutral and one negatively geared. I have never had a problem finding a tenant, all were tenanted within 2 weeks of being advertised each time.

I would avoid much of West Albury and Glenroy. You really need to know the area…[Read more]

I have 3 investment properties in Albury so that undoubtedly influences my opinion. One is cashflow positive, one cashflow neutral and one negatively geared. I have never had a problem finding a tenant, all were tenanted within 2 weeks of being advertised each time.

I would avoid much of West Albury and Glenroy. You really need to know the area…[Read more]

engelo 10 I ended up missing out on the house. That’s what happens when you convince your sister that she should get involved in property investing! She ended up making on offer on the same property as me (neither of us was aware of the other’s interest!) and her offer was the successful one, LOL!

I have friends (let’s say A & A bought the house that B wanted and rented it to them and B bought the house that A wanted and rented it to them. This way they can claim the loss against their tax and any repairs are deductible. Of course the houses were of a similar price. They said it worked really well.

7.1% here from both Bankwest and ING.

The Test 1 Comparable Sales price is about $30K higher than the asking price. I usually like to refer to the comparable sales list too, and while there are none in the actual development where we are looking there are only 2 on the list of 45 that are priced below the place we are looking at. I have also searched at onthehouse.com.au and found the…[Read more]

I didn’t think it was even up and running yet. On the site it mentions it starting in 2011

I have 2 IP with Bankwest and one is an offset interest only. I have found them to be quite reasonable to deal with. Access to funds is simple.

I have a combination of maree_bradross and house call systems. I use a ring binder for each IP with dividers for each category of expense or income. But as our accountant is in NSW and we are now in SA I also scan everything and keep a copy on usb. Come tax time I simply email all the files to the accountant. However, I would prefer a local…[Read more]

Elizabeth in SA has some good deals. I just missed out on a duplex yesterday. Both sides of the duplex all up 1150sqm of land across two titles in an area seeing some encroaching development. $270K renting out for $400 ($200 each side). I was in a meeting and submitted my offer at 10am and an offer had been made at 9am and accepted. Another will…[Read more]