I heard this from a friend who has an addiction to shopping. She’s a real bargain hunter and loves it to death. In any case, she has just started to find bargins and then selling them on ebay. Of course, you really need to know how much you can get from them.

The latest thing she did was to purchase 5 digital cameras from a shop that was closing…[Read more]

Hi Simon,

Why do you run out of serviceability when you go with another partner?

Munjy

Sparky,

I have no formal qualifications to answer your questions with authority. I do feel however, that in any country, a foreigner probably wouldn’t have to pay three times as much to get a house built than a local, if they had local help and knowledge. This is totally separate to ownership issues, etc where the cost will be different, if…[Read more]

I’m sure Dazz is right with his calculations. So, assuming that you lose $12,000 every year for two years, and assuming the tenant then decides to buy back the house for $500k, that means that CG is 68k?

But I think on an investing forum such as this, most people will be wanting better yields especially considering the option to buy is with the…[Read more]

Bruce,

I’ve not bought one before. However, my concerns would relate to the business in there and how easy it is to re-let to another business. Especially if you are talking a big building with loads of floors, when times are tough, why would they choose your office?

Other things would be the lease thats there at the moment, etc.

Are you…[Read more]

G’day Apples,

This is what I would do. As you can see, everyone has their opinion and would do different things. Pick the one you like.

I’d rent out the property you current live in and live in a rented apartment myself. Bottom line for me is, tax deductibility. Now the interest is deductible as well as the expenses, etc. I get to keep the…[Read more]

Mossie – You ask two questions:

1. Changing -ve to +ve geared IPs. In your position, it doesn’t seem like they even need to be +ve, maybe just neutral or less -ve? Search the site here for ways to incr. rental, depreciation, etc. Then look for ways to decrease your loan costs, maybe refinance.

2. Should you sell and start again. Take a look…[Read more]

Hi Dr X,
Originally posted by Dr.X:

Do the tenant have personal or bank garantees?

Have the lease looked over by a solicitor before buying and if you are concerned about the tenant not renewing, you can sign a long term contract on the asking price subject to rental renewal for another 2 years or whatever terms you are comfortable with.

What…[Read more]

Bought a new Alfa Romeo spider 2.5yrs ago for just a lil under $60Gs – before I’d even heard of investing. Really regret it. Trying to sell it now. The biggest cost to me, is the ongoing costs of servicing, etc and also the hassle cost – looking after a nice-ish car is a real pain in the proverbial.

Dream car now is something with dents – that…[Read more]

I think Rowen Kelly said that removal of the vendor duty will release more properties onto the market, and bring more investors also to the market. Therefore an increase in market trade, but without a large impact on prices.

Personally, I feel that more vendors than investors will join the market, having a downward pressure on prices. At least…[Read more]

Once you get this up and running TMA, you should pitch it to that Russian guy who’s full time job is punting. Can’t remember his name, but he makes millions a year.

The few issues I have with DHA properties is this:

1. If you want to sell again during the time of the lease, it will be to an investor as it MUST be leased back to them. Hence, what you get for the property will be solely on the rental return – whatever that may be.

2. You have no options in order to try to improve the value of the building or…[Read more]

Richard,

Yeah, Mike comes over now and then. He’s a bit boring thou *yawm*

But I just meant that when you stack, the contract price is higher. So when you come to selling, the CG on paper looks lower.

And you’re right, I think this topic has been flogged long enough.

Geez,

All these mortgage brokers wantin full disclosure

Property Passion,

Firstly, I think that you’re doing it the other way around. You’d best be finding an investment your convinced of, then getting the finance for it. Don’t just use the money because they’re offering.

Secondly, if they’re willing to give you 260k for ressy IP, then I’m pretty sure they’re not going to give you anything like that…[Read more]

If I were you proph, I’d:

Pay off my HECS debt first. If Mum and Dad have paid it off or you don’t have any, then go with the investments. Like Neo said, find out how much you can borrow first.

Actually, when I first got a decent amount of money together, I bought myself a car to get to work in. But getting to the train station at 6.30am and…[Read more]

Even though I’m sure trusts are a good idea for asset protection, is anything safe from a defacto or wife situation? Not even your super.

Marry up maybe.

I’m wondering if property prices move downwards in excess of his deposit, could he then withdraw from the contract?

Or if rents move upwards, could he settle prior to the 12months?

Why did you want such a long settlement Chrismaz?

Believenothing,

Why do you say only 5% of the population are property investors? I don’t understand where this assumption comes from. Are you saying its impossible for more than 1 in 200 investors to own more than 5 properties? Or are you saying that the value of property HAS to rise as there are only so many squares on a monopoly board?

In any…[Read more]

This is kinda on the same line.

I went to a few people to get a loan, and two people came back with the same loan with the same bank. The second person who offered me the loan advised me to cancel the first, as he said that it looks bad if two different people lodge a loan application with the same bank, etc, etc.

I’ve also heard, that if I…[Read more]