Hi Barnsey,
Thanks for the info. I think im going to spend a bit of time doing some research on this. Your suggestion sounds good, and has helped me to think of a few things that should be considered.

MarkyMark

Hi TheCrest
Do you think there is the potential for the PM to just put any old tenant in the property using this strategy?

In your experience as a PM, what steps can an investor take to sway the PM into working to get the best tenant that they come across into your property?

Thanks,
MarkyMark

Hey Mobile Mortgage,
I think we both wrote that post at exactly the same time. I think that I pressed the “Post” button 2 seconds earlier than you. [cap]

Care for another race? [biggrin]

Just joking.

Markymark

Hi Motivstorm,
You can actually do it. I sent asked the ATO and they confirmed it in an email to me. See extract from email. Check yourself if you want. The ATO are pretty good at getting back to you.

Section 14 (4) of the Act provides that an applicant is eligible for the grant if the applicant or the applicant’s spouse has, on or…[Read more]

Hi Ko_star,
Welcome. Remember the formula is only a guide. You need to get all the numbers before you can really see to what extent it is positive.

Positive cashflow means that you have money left over after everything is paid.

MarkyMark

Thanks guys,
My PM is pretty slack. I have to really squeeze everything out of him. He is not really that pro-active unfortunately. I have nearly dropped him a few times and gone with someone more professional, but just at the last minute he comes through with something good. So I think “oh he’s alright”. hmmm….

You guys that have…[Read more]

You can buy the property and then move into it for about 6 months or something and then rent it out. Or you can rent it for up to 12 months after you bought it and then move in for your 6 months. You should always check the accurancy of information you get off a forum, I’d contact the ATO to confirm.

One thing to keep in mind is that even…[Read more]

I think thats a great idea by “thecrest”. Your really getting some leverage by this suggestion.

Have you used this idea before thecrest?

MarkyMark

The property is not going to be eating away at borrowing capacity if,

– it is still positive at 80% of the rent
– it is still positive at 1.5% above the standard variable interest rate

Correct me if I am wrong

So if this is the case AND it also adheres to the other points mentioned then for me its ok.

I am not against capital gain, in fact…[Read more]

My opinion is that if you can find property that has good cash flow and no capital gain then that is ok as long as,

– The cash flow will continue. That is the town is not turning into a ghost town
– A principal and interest loan is taken, if you have a longer term view (I know some will not agree with me on this). For me I think if the debt…[Read more]

I think one “Mount” that you may want to avoid is “Mount Morgan” QLD

MarkyMark

I got this on that link KayHenry

This property is not available!

The details of this property are no longer available because the property has either been sold, leased, or removed for some other reason.

Hi BJ,
I am surprised that your having trouble in Rocky. I have had no trouble at all. My property is on the North side. However, I know that there are some good areas on the south side as well.

Maybe you could offer a rent free period of 1 week. Maybe even advertise in the local paper yourself and then if you get the tenant you should not…[Read more]

-Get good control of your finances first. If you cant manage what you’ve got, then you’ve got no chance of managing multiple investment properties

-There is a price for locals and a price for everyone else

-Understand the value of money. Every dollar is worth a lot in future dollars

MarkyMark

I’ve got a business degree major in IT. I graduated about 3 years ago. I just looked into accounting recently (actually I am still researching/thinking about if I want to do it).

Anyway, if you have done the basic business degree then you should be able to get credit for all of the base business degree subjects. The reason for this is because…[Read more]

Hi Guys,
Wouldn’t there be a cost to the buyer for applying for the council approval? Doesn’t the buyer have to seek council approval for the clause to be fulfilled?

North Rocky is good, also around the hospital is a good area. I bought a place a few months ago in North Rocky near the Frenchville Sports club. It’s a good area. I got tenants immediately and it is cash flow positive. I had to do a little bit of work on the place, as it was a bit run down.

I’ve heard bad reports about Depot Hill, and I did…[Read more]

Hi all,
I agree with ANUBIS this forum seems to be getting more and more aggressive. I don’t know why. It’s a pity because Steve has done a great job with the products, site, newsletter etc that he has produced and it would be a pity to see things go to the dogs.

I know your going to rip my throat out for this Nat. But if you think its a s…[Read more]

Hi Steve,
I can see what your saying and I can remember you talking about this issue in your seminar.

I have a few questions that I think are best presented in an example. Feel free to shoot me down in flames. The first question is,

How did you come to the figure of 80% being the amount that you needed to borrow to ensure continued growth? I…[Read more]

I went to his presentation in Sydney. I found it interesting.
I think the main difficulty (evident from this discussion) is the problem that we face as consumers trying to work out whether seminars are worth it or not.

We all have these ways of trying to evaluate their worth. Some try to measure it by saying that this sort of information is…[Read more]

Derek,
What is a ‘puppies’ artical?