Someone asked me about colour: I have found that if you choose a colour that doesn't have black or blue in it, the room will look warmer. I go for coffee coloured browns. They hide the dirt and look good with the tenants furniture.

Email me the address and I will send you details you are looking for.

Hi Matt,

When do you live?

A real estate agent friend rang me yesterday asking if I knew anybody that would be suitable for a real estate junior/PA position with him in the Eastern Suburbs, Sydney. 

It could be a very interesting job to get started in the industry with.

Catalyst wrote:
Good points Mark.
I don't get why you put the "you don't know what you don't know" under Reno = risk. That applies to life not to specifically to reno's. It's great that you've renoed 100 properties so does that mean you know it all now??? I find your comment very condescending. Thanks. Pity you didn't make much money doing…[Read more]

On a new investment property build, Stepping Stone recommends clients install 300/300 (mm) ceramic tiles to the Kitchen, Dinning and Hall. Then Solution Dyed Nylon carpet to the Media, Lounge and Bedrooms. The upside of this layout method is the carpeted rooms are not connected to one another. This lets you change the carpet in one room with out…[Read more]

JacM wrote:
Surround yourself with people smarter than you if you wish to prosper.  You are the product of your environment.  Would you rather have a portion of something, or 100% of nothing.  All those sorts of phrases are what you need to think about when you are trying to save yourself $100 and in the process losing the ability to position…[Read more]

Catalyst wrote:
As you mentioned, you pay a premium for a new house. Why pay more just to get a bit more depreciation. Sounds like false economy to me. In 5 years time they'll be the same but you would have paid more to get in.
Have you considered buying an older property (cheaper) that needs some work? Do a reno and that gives you depreciation.…[Read more]

Your price point and your planned holding time are great strategies.

Here are a couple points to consider:
Target high capital growth areas (capital growth creates wealth)
Target high rental growth areas (high rental growth creates positive cash sooner)
Buy new or near new for maximum depreciation (reduces your taxable income and adds dollars to…[Read more]

Hi DennisLeung,

I think we need to know:
What is your investment strategy?
What are you trying to achieve as an investor and over what period of time?
How much risk you are you going take on to reach your investing targets? Debt levels? LVR's?
What level of capital you have to invest?
What your debt serviceability is as well?

The tell us how…[Read more]

wilko1 wrote:
CGT exemption should still be valid for 6 out of the 10 years.

http://www.ato.gov.au/Media-centre/Articles/Moving-on–Remember-the-six-year-rule-for-CGT/

A valuer does a valuation based on sales history from that time Ie. You purchased 200k. lived in for 18 months say it went up to 210k. you then rented it for 10 years. 6 years…[Read more]

The mortgage will remain a liability to seller for the life of the installment contract and therefore effect the seller's ability to borrow accordingly.

Terryw and QLD007 are both spot on.

DIY is for small jobs around the house.

You really do need a team of professionals and one of my Rules on Investing goes: You Don't Know What You Don't Know. So when your doing something as key as your tax (as an investor) who knows what you are missing? because you won't know!

What you really need is a properly structured property investment plan. But to start with, have you thought of using your Super via a SMSF to purchase your next investment property? 

NLK,
I am so sorry to hear your story. This is not what property investing is really about. If you contact me I will have a look at the market around your investment and see what is really going on. I can do a valuation for you (no charge) and have a look at the rental market there too. Hopefully this will give you some peace of mind.

Good luck…[Read more]

We are paid ONLY when the client purchases a property.

It is our policy is to disclose all marketing commissions being paid from the developer and give those commissions directly to the client/purchaser. This gives our client a real discount to market before we negotiate further benefits for them.

We research across 8500 suburbs nationally and…[Read more]

I agree with HomeLoanExperts. Stages are more common in multi building developments. Shops are often the hardest part of the development to sell, so negotiate hard if you are a pre-sale buyer.

My best advice is simply: Don't build anything unless you’re are a builder and are in the industry on a daily basis.

Great post also. Creating your own rules is very important. I have a set of investing rules I never break. These rules have been developed in our family over two generations, between my late mother and me. We call them Coburn’s Rules and they have got us through a lot of transactions and saved our bacon a couple times as well. Here are a few of…[Read more]

The Stamp Duty is charged on the transfer of the title of an asset from one entity to another.  I this case there is only the land to be transferred.

However if you had bought a House and Land on one contract then the total value of the transfer would be subject to Stamp Duty.

Call your local Kenards Hire and ask if they have a Line Burner, if not a large paint stripping Burner.
Use that to heat the glue and old bits of tile, but don’t burn it!, just melt/soften.
Next with a sharp Spade peel it of the floor.
It wont take as long as you might think.
in one corner and work inch by inch across the room.
You will need a…[Read more]