$200K!!!!!! & you say you’re in a dilemma. Wish I had your problem. Why bother wuth loans. Just go out and purchase properties.You are in a very good posititon, take advantage of it.

Cheers

Marty

Hi Lawry. No I haven’t used any solution when buying, except, does it suit my investment requirement but mainly, can I afford it, i.e do the numbers add up. Fairly sure that you will not get positive cashflow in bayside areas (I could be wrong there though), but as mentioned, capital growth has been outstanding there (in Redland Bay) and by all…[Read more]

Hi Stuart. I know this question is along the “how long is a piece of string?” type question, but I was just wondering your thoughts on if and when interest rates will go up or down.You mentioned a lot of lenders are increasing their fixed rates, does this indicate that they think the next move in rates will be up?

Cheers

Marty

Hi all. I too, like Lawry, agree that the bayside part of Brisbane will continue to have good strong growth. I’ve liked Redland Bay for a while now (also hope to move there later on) and was reading the other day that another shopping complex costing approx $50 million is going ahead at Victoria Point (same postcode as Redland Bay) which will…[Read more]

Hi Dellas. Pay special attention to what willrogers (you cowboy you) said as far as not rushing in goes. It seems at the moment that every man and his dog is rushing out to buy investment property. Just hope they all don’t get burnt. Keep doing your research, talk to as many people as you can,i.e people who have already invested and are doing o.k…[Read more]

Hi ya Gaza. Mate, I haven’t heard of Country House(you had HOSE, lol)& Land Sales, but I personally am very dubious with anyone guaranteeing any sort of return. I am not saying this company is not legit but it sounds like a DHA (Defence Housing)type of deal to me and I haven’t heard too many good reports with the way they structure their…[Read more]

Hi Mala. I have to agree with John here. If I were in your position I would pay the plumbing bill then take the matter up with the body corporate to get reimbursement. Keep your tenant out of the argument. Unfortunately maintainence bills etc along the way come with the territory.

Cheers

Marty

Hey Captain.
From the rent, deduct interest + rates+ insurance. You may also want to allow for repairs also. Don’t forget that you can claim depreciation which helps you out too.
Cheers
Marty

Hi Sooshie & Willi. Thanx for your responses. Spoke to my friends again last night who have now canned the idea. Apparently the deal was a unit on the Gold Coast (somewhere) but they got cold feet and are now going to consider a house in either Syd or Bris. Didn’t mean to waste time or space by this post, just wanted to say thank you for…[Read more]

Hi Andrew. Very thought provoking and I’m sure I will re-read this a few times, or better still print it out. I find posts like this (i.e more of a comment than a question or answer)kind of inspiring and helps me to focus on the big picture.

Cheers

Marty

G’day Johnny. Personally (and remember, this is only my thought), I like to buy something that I can physically see before me. Plans and pictures etc are great but they aren’t tangible. Probably depends on your strategy too. I like to buy and hold because I understand that better than other methods. Dont know if I’ve answered your question or not,…[Read more]

Hi Anna. Why the confusion? You say that you already have two investment properties, which is better than most of the population.Whatever you did to get those I/P’s off the ground, just do again. Also, believe in yourself, as I said, you are already doing better than most people out there.
Take care, all the best
Marty

Hey paulthemagnet.
What are your numbers??? (lotto, that is)
Marty

Hi hwd. Yes, you add your income plus rent received, BUT you also minus deductions such as depreciation, interest, etc. Can be good or bad, depends on your gearing etc.
Regards
Marty

Me again Willi. Should have added, that although I have not physically written down my goals (tis a good idea though), I constantly talk about my goals to anyone who will listen and it is burning in my head that I can almost taste it.
Marty

Hey Willi. My goals re P/I are very simple. I intend on living off rents whilst still adding to my portfolio. Intend on selling my PPOR (in Sydney) and possibly/probably moving into one of my I/P’s (in Qld). Have mentioned this before on this forum. Hopefully this will all happen within the next 5 yrs.
All the best
Marty

Hi NewToPi. I’ve also heard that with DHA houses, you dont get a final say on all issues, such as repairs. They send their own team in to fix things and their fees are quite expensive. Not 100% sure on that, as I said, just something I heard but something else to think about.
Regards
Marty

Hi Sooshie. Haven’t done this yet, but I intend to (sometime later, prob at least 3-5 yrs away). I live in Sydney and have 2 I/P’s at Redland Bay, Qld and if things go to plan I want to move into one of them. Things to consider are in my opinion are mainly family oriented. By that I mean, I have a 16 yr old son who obviously I want to come when we…[Read more]

MBAR = Most Banks Are Ripoffs
Marty

Ditto to all the above. Starting to realise that this forum is the first site I check out every day. Could be an addiction problem……must go…..no, just one more post……….must have it……cant drag myself away……..help………someone out there may have same question as me……….aaarrgghh, it’s all becoming too…[Read more]