Hi there….
Can this be used for property in NSW?

Hi, I purchased a property in April, renovations were completed around the end of June and I still have no tenant. I too have asked Michael and Bronwyn on several occasions about the success of their rentals and I am assured that the properties are being tenanted. To this, all I can say is that I have been waiting for a tenant for almost 2 months now. Having said that, a colleague of mine purchased one week after me and he has had a tenant in place now for a couple of weeks. The rental that he was told he would achieve was more than he is actually achieving but it didn’t take long for his property to rent at all. I guess there is an element of luck in having your property tenanted but I am constantly staying on their backs and I would also like to hear from anyone who has purchased from them and how their tenancy is going. Cheers.

This is not a bad idea at all.  At least you get into the property market.  I attended a seminar 18 months ago where some couples had 4 investment properties and rented.  They felt that ownership tied up too much of their money with no tax benefits.  To be honest, we own our own home and I have suggested to my husband many times to sell, use the money to put deposits on 10 other investments and rent but he is skeptical and feels that the house is our saftey net.  It is a matter of opinion however I believe that if you can buy something it is better than nothing.

Can someone explain to me what capitalised interest is……..please

Nigel,

How long do you think before you will have this service up and running?   It sounds good and it's great that you are willing to help others given you would have a great local knowledge and are aware of the laws over there. There is so much support on this forum.  It's great and I feel like I have learned so much – thanks to all.
<br /:)” title=”>:)” class=”bbcode_smiley” />

Hi all,

I am also a member of TIC and am currently purchasing through them at the moment.  I will be completely honest here.  I have been to a number of their free meetings which are held in every suburb regularly. Everyone has access to them and all you have to do is show up.  The support members are exactly that.  I don't know how many times I have emailed or called my support member and they are always there to help.  My support member is retired and working harder and longer than ever before to ensure the members are receiving all the information.  Basically, they do all the leg work for you.  When you go onto the website to check out their property list, all the relevant information is there at the click of a mouse.  In my current situation, this particular property has been a difficult purchase as it's a new development that has had it's fair share of problems.  Having said that, I am purchasing the property at almost 40% less than one that was sold by an agent which is identical to mine.  This is because the researchers of the club, the support members and the rest of the team have managed to fight for their members and get them a great deal.  This is not the norm but they are definitely there to help.  And I firmly believe that if they are making money along the way, while they are helping you make money – good for them.   Would you want to work 40 -50 hours a week for free?  The properties offered are generally new, lower yields and start off using "negative gearing", having said that they do source out the hotspot areas with good capital growth.  The only thing I don't really like is their property list.  I feel there are too many townhouse, apartment and strata type properties and not enough houses.  These people give their time and you won't pay a cent to attend their local meetings – so why not be open minded, attend a meeting and judge for yourselves.