But I've just had it revalued in March. Would there be a difference now? What if it came back lower than that val?

I’m just looking to refinance my current PPOR to pay off the final amount on another property that settled back in March (I’m not looking at borrowing more against this IP as its considered higher risk). The properties in Adelaide.

No none of my properties are cross collaterised. I am a medical scientist.

Thanks, the val that the current lender did in about $50,000 above equiv sales in the area so i don't think other vals will come in as much more. Btw I work in the medical profession and still can't get LMI waived only doctors can.

18 months later it would be interesting to see what became of this investment. Can you update us Nathan?

Did some of our posts get removed from this topic? I'm sure I put on something more about Nathan Birch (in addition to the one that is still on here). I would like to say that I don't work for him, I don't get paid anything by him but I have paid him to buy me places in the past and been very happy with them. I never said go with him I just think…[Read more]

I just re-read my PMs email and she has said that she apologises but the previous PM put a tenant in as of settlement date (prior to hand-over time). Now I understand why the pre-settlement inspection showed no-one living there.

Catalyst. Actually I don't want to save money (I can afford the place whether it has a tenant or not) I want to make money by getting rid of the tenant and putting the rent up to fair market rent as I believe it is not at this level (I need more accurate information from the PM which when I speak to her tomorrow until I know exactly what the rent…[Read more]

Tell me about it Scott no mates and Jamie. I went with this agency because it was recommended by people that already use it. The story is potentially more complicated than I've stated though. The property was originally rented by another agency. This agency has been sold (somewhere between me signing the contract and today – as it says they've…[Read more]

I was just looking at my old posts and had a little chuckle over this one. I went ahead and bought the unit. It has cost me virtually nothing in the last 7 months since I bought it in terms of unexpected repairs. Four weeks after I bought it I got it revalued for $46,000 more than the purchase price. I have put up the rent twice and it is now…[Read more]

I didn't mean my remarks to be snide but our PMs work for us not our tenants, WE pay them. I put up my property $30 in the first instance as that was what other properties were getting in the same complex. Due to rental demand and high turnover of tenants similar properties in the area now get $380-$390 so again I'm putting the rent up. I'm also…[Read more]

I purchased a property late last year which was being rented for under market value so I immediately gave the tenants notice that the rent would increase by $30 per week. The tenant did not move out. I will soon be giving notice to increase the rent by another $30 per week so it is inline with rents in the area. I don't expect the tenant to move…[Read more]

Google Nathan Birch. Positives = experienced property investor who can recommend other professionals in property investing (eg. real estate agents, accountants, solicitors). Negative = pay for the service (but more likely to get a more profitable purchase) and all negotiations are done for you so not a real opportunity to learn about that side of…[Read more]

Dubstep: thanks, I'll PM you my address so you can post it over

Jacqui: I've got a depreciation schedule on one of my properties but I used Washington brown as BMT wouldn't honour a previous quote they had given me – even though I had it in writing. My accountant also said it didn't really matter which company I use (washington brown vs BMT) and…[Read more]

I really think the banks somehow have lower vals for 95% lends. I bought a property last August for $265,000 (bought under value). Got it revalued in september 2012 at $310,000 and borrowed up to 80%. Recently wanted to up the borrowing to 90%. The val only came in at $280,000 (they wouldn't use the $310,000 despite it being less than 6 months). I…[Read more]

I have finally got everything to tally.

The problem was each loan amount was entered into the spreadsheet as the whole amount. I thought that I had included all fees into the capital costs list but I hadn't (only included solicitor fees, utility bills and stamp duty). So this added up to $4500, I have another $3500 in my IP offset account that I…[Read more]

Jamie: That's basically what I do too. I have a spreadsheet for each loan that is a download (from my online banking) of the interest paid on each loan and the total interest for all IP loans. Another spreadsheet includes the rental income and bills for my IPs. These seem to add up.
I can't help thinking that my first conveyancer has somehow taken…[Read more]

Jamie, the parking of equity release does make sense, I didn't do this because my first accountant suggested against it. Since then I have changed accountants!

I'm hoping I might get some replies about keeping track of finances. Are there easy to use programs available for investors?

Anthony K: I appreciate your advice but just want to clarify.

I hope I'm doing the right thing as I have a great and experienced team behind my investing.

I have 2 lenders because they are the ones that would lend me money. I'm expecting to purchase many more IPs so the amounts I have with these 2 lenders will soon be replicated with other…[Read more]

Here's an exert from  http://www.revenuesa.sa.gov.au/

Today, 15 October 2012, the Government announced that they have retargeted their home buyer assistance by:
• increasing the First Home Owner Grant (FHOG) for new homes from $7000 to $15 000 (ongoing) for contracts entered into on or after 15 October 2012:
• reducing the FHOG for established…[Read more]