HI As41

Have a chat to your current lender, there are several ways of doing this and it is all far easier than most think

Good luck
Sue

Hi Browncat
I’m sorry if this does sound harsh, it is not meant to be.

My first reaction to your post was that of disbelief and to some extent anger.

On re-reeading it I do actually feel a sense of compassion.

However having said all that.
As I understand the facts you presented are:
You have lived in this house rent free for 17 years
You have…[Read more]

Hi AS41

$10k for a kitchen sounds way too expensive to me. Look for a second hand one via Trading post etc, a friend just bought a blackwood one for $850.00 then had to re-do bench tops. If you were in Adel i could sell you one as my new IP has a brand new one and I plan on knocking it over in 6 months

Shop around

sue

Hi Lesleigh

I agree a staged development might be a useful approach, you could then have some vacant land, some built and some underway, that way purchasers can have a choice of vacant land where they can add their own design, partly built ones where they can coose some fo the colours and others completed for those who have no vision in terms of…[Read more]

Hi Lesleigh

I see you have run some numbers on some of the issues you speak of such as power etc.
Being in the country are you also responsible for providing roadworks to the new blocks?
It may be a good idea to subdivide and then build or it may prove more profitable to just divide up the parcels of land and sell them off vacant. Another option…[Read more]

Hi all

Thanks Steve for your insights from a Christian Perspective.

Having been brought up for many years by Christain parents who seemed at the time to have the view that “money is the root of all evil’, and other messages like “how much do you really need?” etc. I now believe these are incredibly limiting beliefs, and have probably got me to…[Read more]

I bought mine off ebay
Have a look at the website. http://www.whatthebleep.com

Sue

Hi Tools

Sorry if it wasn’t clear. The docudrama is called “What the BLeeP Do We Know”.

Sue

Hi andymitchell

One ? have you only had one agent value the property? I had sveral value my $475k property in Canb at around $450k but then sold it for $475k I had two buyers offer me that and I accepted, even tho one pulled out on contract exchange.

Years ago I also sold another prop in Canb for $141500 after agents had valued it at $127k, and…[Read more]

Hi Doog

Can I suggest your first port of call should be your local council. They will most likely have a “development plan” which sets out things like building specs, land sizes, driveway needs, easements etc. It would then be worth checking out the potential sale prices of land only in your area, don’t forget to compare appropriately sized…[Read more]

Fantastic Posts everyone! a really interesting topic and one I am constantly amazed at.

I am trying to establish myself as a property investor and have taken leave from my $80k per year job to get it all underway. The responses I get are, why do I want to eventually leave such a well paid job. Well I’m tired of being chained to a computer…[Read more]

Some options I might take in that situation:
Renovate IPs and increase rent, thereby increasing the value sell both IPs and pay off more of your home mortgage downsize your home, thereby reducing your personal debt Sell one IP and reduce personal debt on home .
Have you read Steve’s article on this site about “Negative Gearing”?

I recall Steve…[Read more]

Hi All

My ? to the accountant was not realted in anyway shape or form to a PPOR as I divested myself of that 18months ago when I got divorced.

The 10% referred to by my accountant is a conservative figure as my compnay is only in the busiiess of real estate investing as a trustee for my unit trust nothing else and actually hasn’t started trading…[Read more]

An interesting ? and one I posed to my accountant recently. He seems to think I can claim around 10% for my company / trust to occupy. Maybe I can make it more if I include rooms for meeting with agents etc.

I do know from a fellow I have been involved with that you may need to make your lounge room etc look like an office, right furnitute etc…[Read more]

Woo Hoo Redwing!!!!!!

Hi all

Don’t want to rain on the idea it is a creative one. I am concerned though what happens if the system falls over or is hacked into. Wireless whilst very useful ( I have it on my laptop) can be a hazard to the ill-informed. Not sure how much you know about it.
I would also wonder what would happen if the tenant lost data etc due to a…[Read more]

Hi all

I had a serviced apartment in South Yarra, bought before the boom and put on the market in the mddle of it. Purchase price $171k plus $10K for furnishings and costs. It took 18 months to sell, two agents dumped it ( without telling me in this time). It eventually sold for $230k some 7 years later.

Yes the income was guaranteed and it…[Read more]

Hi all

I had a serviced apartment in South Yarra, bought before the boom and put on the market in the mddle of it. Purchase price $171k plus $10K for furnishings and costs. It took 18 months to sell, two agents dumped it ( without telling me in this time). It eventually sold for $230k some 7 years later.

Yes the income was guaranteed and it…[Read more]

I agree with Dazzling

I personaly have searched high and low for +ve cashflow in Canberra / Qbn area for over 12 months now. Prices are generally too high for the rents you achieve.

I had a -ve geared place in Melb for a number of years and having recently sold it am not going back to -ve gearing ( how fast can you lose the dough). I am up…[Read more]

Just about everything I have bought from Propertyinvesting .com I have done so via the online shop or phone using cr card Had no problems.
If you are concerned give the office a ring and ask them about their security