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couldn't you use a normal landlords insurance poicy???
thanks b2free2live for the great info about toowoomba
whyalla does seem to be an interesting spot… i've mostly found maisonettes and duplexes there though.. many only can be bought by owner occupiers
personally what I don't like about new apartments is the strata fees. it eats up alot of your rental income profits
while you are interstate, i suppose you are planning to rent there, rather than purcahse another PPOR.. your changing circumstances can affect how your previous PPOR will be treated
personally, i haven't found new homes or units that are positively cash flow… i tend to find CF+ for existing homes and units
The ABS should have that info about jobs and unemployment.. but as mentioend before, it might be a little outdated but should be updated soon
what do you mean by you've been living off your credit cards??
have you been paying off your loan via your credit card?i love positively geared property… they put money into your pocket – not take money from it
Those are my ideal investments.. i also agree with thinking about it as a business. the name of the game is to make money!
Dean
you're going to have to work hard for those 5-7 years in order to achieve financial freedom within that time…i think its possible though… just curious, what's your plan so far?i've found a number of income generating properties from regional centres… it can be very exciting when you find them
i also agree that they are over-hyping it… if anything, it may make investing better for you if you research yoru properties right to find dicounted deals that are profitable
i suggest you do talk to an accountant to get an idea of the potential tax implications for your sspecific situation
reliability, regular reports, great communication, nice personality
agree that singapore is a very tiny country.
Since apartments are probably what foreigners like Aussies are going to buy, just wanted to know if Singapore apartments tend to have strata title on them?
Depends… do you have any staff members in Australia? Might help if you have a base in Australia
i think you're probably better off with more cosmetic renovations – alot of buyers and renters base decisions on what they see and their emotional feelings about that…
i think you should also consider the demand for houses with solar panels in your area…
yeah i also think that there could've been a better way to go about it.. but not sure what other alternative the government could have had… what else could they have done instead?
Renos seem to be the big thing right now, adn i'd also like to find out more about it.
but i'd also like to know if the complete reno system is worth it.. the price of it is quite high!i also just use excel – just use simple formulas, and you can easily adapt the spreadheet to how you want it to look