JoshMag,

I have been part of a few of these over the past 15 years. Contact me if you would like to discuss further. 

Hi Nicole,

There is one very simple rule to follow on this question: Is the investment advice coming from a property marketing company? If yes, be very careful what you get involved with. They don't work for you, they work for the seller and you are the solution to the seller's problem.

Renting where you want to live and investing where the market is moving can give you the best of both worlds. They call them professional renters for a reason. 

We have a client CJ (who won't mind saying this): 28yo, self employed, single female, earning less than $90,000p.a. living in a rented apartment (that would be worth $900k) and pays $350 per week for her share. Living the good life and while saving a bit too. CJ has just bought another 2 investment properties with us in the last 2 months. One is an 2 bedroom apartment and the other is a 4 bedroom house. That brings her number of properties to 4, 3 houses and 1 apartment. 

At this point CJ will be able to buy again 18 months. All her properties are positively geared and she plans to buy 2-3 more investment properties before she buys a PPoR. She made her first investment 5 years ago and will be able to retire on over $2000p.w. by the time she is 45. Of course I think CJ is smart but her friends think she is a millionairess (all by careful saving and smart investing).

If you delay buying your PPoR and invest first, your ability to continue buying (serviceability) is going to let you grow your wealth much, much faster. Once you take the luxury of moving into your own home, you holt your ability to save and it often takes 5-10 years before there is enough money spare to buy that next property. The outcomes are as different as black and white. 

Depending on which state the property is in you may find (NSW) that the strata management committee or owners committee are in breach of the state laws. In NSW it is against the law not to maintain a strata building up to it’s current standard. So they would be in breach in NSW. This came into play when a lot of older builds were let to run down by (very) older owners who by a (nod, nod, wink, wink) agreement were not maintaining their buildings and the new owners were having to wait until they could get enough numbers (the old people died) on the board to increase the levies. Call the state authority an ask the questions.

You may have a bargain on your hands here, more so if everyone else thinks it’s all too hard!

lawsjs your straight talking it. But I most like your quote above!
The stampede is a sight to make one cry.
If every one of your “dollars” is a soldier going out to fight for you, the “dollars” going off to the battles as outline above are very unlikely to come home.

In most cases you can go to the council website and download the LEP and rate card of fees and charges. The LEP will tell you what you are zoned to do to the block and if you can’t find a rate card then call the townplanner and make an appointment. They will give you an outline of what expect and in some cases point you at a surveyor who can do the work. A surveyor will save a lot of time/money getting the paper work right.

Michael,

We were having the same problem. We had a few potential partners with smallish amounts of money. Some of them with $10k while others only had Super but they were keen to invest in the property market. To over come this problem we had a separate Unit Trust setup to pool the funds. This then enabled investors with any amount to invest whether it be cash or Super (via setting up a SMSF). The trust is then able to invest in the project via a share holding in the company carrying out the activity. The company pays annual dividends and at a set point in time the company exercises a share buy back at a predetermined rate/formula. The main principles we adhere to being low LVR's on borrowings and only cash positive projects. Everything needs to be arms length, ATO compliant and ethical.
Regards,
Mark Coburn
0405 243 547
[email protected]

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 scrapper to clean the gunk off the spade as well as a large file to keep your spade sharp.
Sharp and Hot. And do not burn!

Mark

A double will make the room look larger then a queen bed will. It is a bad time for furniture rental companies and my friends rental business is really finding it hard. Discounts for those you ask and work it hard enough.