good deals yea, but seriously some areas look like a bomb has been droped there.gonna need more than the reno kings to fix it up
cheers yadreamin

Hi all
about the landlords insurance.once your tennant goes onto a periodic lease, by the way must be written in the contract, the land lords insurance changes.you are no longer covered by loss of rent.ie if they skip the place and you loose 4 weeks rent the insurance will not cover it.check your own policy for other changes in the damage clause…[Read more]

Th same question was posted a month or so ago and there were several responses.look into old posts.Oh and don,t get your hopes not a lot of answers are handed out on a plate, but some handy info for those starting out or just looking out.
may save you a coulpe of country trips.
cheers lynnem

hi jarvis
what is the cost of this seminar.with and without the discount?
cheers lynnem

hi cheryl
just one more tip when you go on your search especially in regional or rural areas.
GO TO THE LOCAL PUB.good place to get lunch and believe me there will be someone in there that will give you all the local info.they will probably know who is and who wants to sell and why.
cheers lynnem

hi casey
what state are you in?
as l am about to do this myself
cheers lynnem

hey western
l bet someone from this forum bought your property as stawell has been getting a good mention in the last 2 months. good onya
cheers lynnem

Hi agent oo7
l think it,s very important that your accountant has good knowledge and even own an investment prop.l have just changed accountants my old one could not see past superanuation [he sells this as well]he was so negative to our ip,s.within 10 mins of new accountant looking over our books he found $2000 of unclaimed deductions we should…[Read more]

Hi Banner
it,s worth looking at the reno kings web site.one of them has made a lot of money buying on freeways highways railways and always undervalued because of their location to the “ways” like he says “ways” are often a good thing especially if the area has good growth.position does not always mean ocean, river,views.most inner city props are…[Read more]

Hi all
thanks for the replies.thinking of hitting the road permanatley buying props doing quick reno,s selling and moving on.if l do l shall get myself a good laptop and keep login onto this site maybe even too pass on good oportunities to others.
cheers lynnem
THERE IS ONLY ONE STUPID QUESTION AND THATS THE ONE YOU DON,T ASK.

Hi suzieq
hope the crops are good out your way.L use
Aon Insurance Services 94294444.
I have 2 i/props one in QLD one in WA.
Have not found another company to beat Aon,s premium.actually had a couple of other companys admit that they can,t compete with Aon.Have not had to make a claim as yet,thankfully, but all my queries are met with friendly…[Read more]

l think he may have fallen into the trap that so many get rich quick schemes sell[and we have all read them]use other peoples money!!!l pesonally l think this is a wake up call for all.there is so many lenders out there and property is the flavour of the month that even the lenders are not doing their due diligence. the responsibility lies with…[Read more]

Large towns in wa are few and far between.l mean those over 5ooo or more.look seriously at the wheatbelt area.they are small towns but the ones that are a reasonable distance to perth can offer good returns.residents in the town have good access to perth via bus/train.they are very low income earners mainly pension/govt payments.they do enjoy the…[Read more]

hi richmond
you say you have just settled on 4 props this week.you must have plenty of spare cash to do this?please explain how you do do this.l am envious.
cheers lynnem

yes at settlement a new lease was drawn up and it was written that the lease would not be renewed as of august.the tennant accepted this and signed the new lease.not helping much now though.he has contacted the gov about the situation with grant ect.they have advise him to write a detailed letter to their office and it,s possible that he may be…[Read more]

Yes l did tell my young friend from day one that he may end up in this situation.l don,t think it,s fair to ask an elderly person to move either. and she has been the perfect tennant.l said give back the 7 gran cause l think it will end up costing far more.l guess we will be reading about it in the papers real soon.
thanks for the comments
cheers lynnem

quote:
damn those BUMPs. []

Anyone interested?

l was once told there is only one stupid question.it,s the one you don,t ask.
so Kirby what is a BUMP?
new at this game ,please explain?

THANKYOU THANKYOU THANKYOU for bringing my head back out of the clouds.you have all made some very very interesting points.it would be good to read Steve,s opinion on all of the above.One thing l did notice in the book that at no time was insurance,or rates ever calculated into the formula for a positive cashflow.They can add up to a couple of…[Read more]

quote:
I have a property in Karratha and one about to settle in Broome, WA.

Can anyone recommend a Quantity Surveyor who services those areas?

l believe that the Qs company DEPRO have agents who service those areas.
cheers lynnem

I would luv to know if anyone knows of positive cash flow agents in Perth.would help thin out the field a great deal.
cheers lynnem