Hi NonnieIs the tennant on an expired lease ?If yes, simply write vacant posession into the contract, and include any make good repairs before settlement.  

Hi Jamie'Just double checked, and those figures are correct – no typing errors'

Hi SparkysI completed my RE certification about 6 months before entering the industry.   (Five day course, bout $600)At the time i found it extremely informative and did think that having a basic understanding of the legislation surrounding Real Estate would benefit any investor who was serious about running a professional portfolio.Having said t…[Read more]

Gert wrote:
We as a body corporate have taken him to VCAt with not much success.

Hi GertWhat exactly did VCat say, and how long ago was the case heard ??Although i am not based in Vic, VCat is the governing body that oversees body corperate / strata issues…You can appeal a VCat decision to the Supreme Court of Victoria, but i would have th…[Read more]

Hi GOMI'm not trying to re-invent the wheel…There are several members such as QLD007 who are able to provide some very detailed residex reports a specific property.The above stats are more so aimed a providing a quick once a week snap-shot.Cheers

Hi StojAs JacM said, the desire to redevelop would need to be considered as a sperate project.In regards to your desire to get your quarterly strata levies reduced, and do some of the basic repairs such as replacing tap washers etc independant of professional services, that should be fairly easy to achieve…Have you spoken to some of the other ow…[Read more]

stoj wrote:
Also will that give me and my brother voting power at the strata meeting seeing as we own 3 of the higher paying strata units.

Hi StojShort answer is yes…When you vote you will simply need to request that the vote is counted by unit entitlement and not by show of hands – completely legal, no problems there.Only caution, just be…[Read more]

Quote from the article;Mr Beezley, a 21-year-old building labourer, said he was working up to 75 hours a week to pay off their $340,000 house-and-land package as quickly as possible.It was part of a plan to upgrade to a bigger and better house in about five years time.End Quote.Although i highly commend this couple for having a go and looking…[Read more]

Hi WattoetteMichael Yardneys book 'How to build a multi-million dollar property portfolio in your spare time' is the book you should read…His strategy is to buy property located close to the major CBD's that is negative geared but has good capital growth potential.If possible, do a quick comestic remo – Eg. Paint and carpetsGive the property…[Read more]

propertyjockey wrote:
I am willing to bet that these types of areas will change purely as a natural progression of population in and around infrastructure. What is fringe today will be inner-circle tommorrow.

My thoughts…   your 100% spot on.Look at Redfern in Sydney's CBD.   It's taken a long time, and change is still occurring, but it is…[Read more]

Hi SpludgeyIf you are looking for somebody on the the Central Coast;Geoff CorahPenninsula Law02 4342-1111Geoff will be able to arrange all the local pest and building inspections etcPlease note, Geoff is a Solicitor and not a conveyancer. As such, his services are a tad more expensive than a conveyancer, but if for any reason things should go…[Read more]

I know that there is a very serious message and issue behind this video…  even so, it is one of the funniest you tube videos i have seen." The rent it just too damn high ! "

Hi SharonWhen you look at buy and hold property, from a very simplistic view point there are two main factors to consider.Rental YieldThis is the rent you will receive each week as a percentage of the overall purchase price.To use Steve's '11 second rule' if you take the current interest rate and add 1%, that will reveal the rental yield you r…[Read more]

Hi SharonI looked into the Defense Housing a few years ago…As Catylist said the negatives are that they generally have a very high % charge for property management, which amongst other costs makes your property heavily negatively geared in the beginning.On the positives, they do things like fresh paint, new carpet etc for no charge at the end…[Read more]

MateTwo books;0 – 130 Properties in 3.5 Years – Steve McKnightHow to grow a Multi Million Dollar Property Portfolio, In Your Spare Time – Michael YardneyBoth take a very different approach to wealth creation…Matt

Hi RachelI'll pretty much echo the words of Charles. Yardney takes a very different approach to that of Steve's. I have been to one of Yardney's one day work shops, and what really impressed me, is that he is quite a methodical numbers based investor. His investment strategy has been tested and survived several property cycles.I align myself with…[Read more]

Scott No Mates wrote:
Do I need to disclose it? It is not on my block & the information is readily available in a waterfilled & crocodile infested basement of some government planning department.

Hi ScottOk, so i am not saying that i am a real estate law expert by any stretch… I did however do my certification course in NSW for Real Estate…[Read more]

lifeX wrote:
The Agent may have known, but said nothing…    …and why would they?

If the agent knew, and said nothing, then it is a breach of thier knowledge of material fact…

Hi ShabarI'll admit…   i'm a local.If you are looking for a commuter special (500 mts walk to station) i would avoid anything on the hospital side of the train line. Commonly known as 'the wrong side of the tracks' (Holden Street, Faunce St West etc).I would choose something in either Hills St, Beane St East or Gertrude St. You should be able t…[Read more]

With PIA you can enter both the Purchase price of a property and the Market price of the same property… these two figures will affect your ROI over time.I am not aware of any functionality within PIA to calculate costs of reno's etc.You can do things like change the loan from P&I to IO, interest rate, rental return, vacancy rates,…[Read more]