Replies Created | Forums | N@than | PropertyInvesting.com

Forum Replies Created

Viewing 20 posts - 61 through 80 (of 231 total)

« 1 2 3 4 5 6 7 8 … 12 »

N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
January 15, 2013 - 9:16 am
Easy Solution… Give Jamie a call! At least you know your loans will be structured correctly and you will be making the most of your deductible debt. I don't think you realise just how much you can borrow with $450k equity!?
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
January 10, 2013 - 11:33 pm
I would be very careful with what fees etc are involved.
Someone came to me the other day with a nice 1 bdr unit they found in cairns for around $50K and a ROI of 10% and couldn't believe how cheap/good of a deal it was.
When we had a look at it properly and took the strata fees, management fees and insurance into account, even if they paid cash for the unit they still would've been slightly out of pocket every week.
Not saying yours is like that but when the purchase price and rent are such small amounts, it may give a great ROI before expenses, but it doesn't take long for them to eat away your profit.
Cheers,
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
January 3, 2013 - 12:10 am
I would say yes! Especially considering the full interior renovation.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
January 3, 2013 - 12:10 am
I would say yes! Especially considering the full interior renovation.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
January 3, 2013 - 12:03 am
1. As boring as it is, my ultimate goal this year is to get my home loan down to an amount that will allow us to pay it off in 2014!! Oh that will be a magical day!
2. The misses is already on board but as the year goes on try and keep her convinced that we don't need any holidays this year to help concentrate our money into goal number 1!
3. Have a hassle free settlement on our next IP in 4 days time! fingers crossed.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 30, 2012 - 1:51 am
Fair enough if it cost you a fortune to use a great mortgage broker to help you set up your loans… but it doesn't!!?? It costs you NOTHING!!!! There isn't much you can get for nothing these days! I think they are worth more than what they get…
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 21, 2012 - 3:09 am
Just remind him although non deductible debt any profit made is CGT free!! Would be nice if you made a nice profit on your house from reno's, extensions or just market growth and got to keep every cent of it!
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 21, 2012 - 3:05 am
Good news for Uranium…
http://resourceinvestingnews.com/47801-japan-election-an-early-holiday-gift-for-uranium-market.html?utm_source=Resource+Investing+News&utm_campaign=3c3bbc95c1-RSS_EMAIL_CAMPAIGN&utm_medium=email
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 18, 2012 - 11:08 am
Learn something new everyday! Thanks Terry!
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 18, 2012 - 9:33 am
I don't think you could claim the interest as it is no longer producing an income however you would be able to carry the capital loss forward and use it to offset future capital gains.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 17, 2012 - 11:26 am
YourShare is actually pretty good and has won best cash back service in Money magazine for a couple of years I believe.
Don't think it really works on home loans, but is meant for most insurances like car and life insurance etc. You can get a couple hundred bucks back a year all for nothing. If you buy this months Money magazine 'the best of the best 2013' it has a little article about it in there. As well as other award winning products. Quite interesting.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 16, 2012 - 8:17 am
You have to remove it though. I would say a developer is going to build units or something on the land and instead of having to pay for demolition they want to make money and sell it off cheap.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 15, 2012 - 7:50 am
St George bank maybe?
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 14, 2012 - 11:20 pm
Hi Richard,
it is soo good for landlords at the moment! Not so good for tenants.
I wish I had 10 properties here now! There is just no vacancy at all.
i know a couple of people who are living in tents at the caravan park because they moved here for work without accommodation lined up, and even the tent sites were hard to get. A lot of people are starting to buy now since the uranium news so that could bring more rentals on the market…
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 14, 2012 - 3:55 am
Not sure about Newcastle but in Mount Isa there is actually a facebook group that is solely for the private sale and lease of properties in this town. Due to practically 0 rentals available through the realestate agent this facebook group has become very popular. Surely somewhere like Newcastle would have something similar and would be worth checking out.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 3, 2012 - 10:34 pm
Would love a drop! but I think they will hold….
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
December 3, 2012 - 3:56 am
I would take action straight away. I am no lawyer but if you are aware that he is growing drugs and let him to continue then if things turn bad you could be just as guilty as him?
Personally I think it is worth the extra hassle of having to find a new tenant. All part of it if you choose to manage the property privately.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
November 28, 2012 - 2:35 am
Sounds like you're ready to go!
Fingers crossed you get the property for a good price!
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
November 28, 2012 - 12:26 am
Derek has alot of good points there Jewel. Personally I think renovating itself isn't that difficult but renovating for profit is alot different. I know a few guys that have completely stripped there house out and re did it, and the extra value it added is no where near what it cost them not to mention the hard work and time taken.
If you spend 20k on a renovation and it would only increase the value by about 20k or even less then in my opinion you are better off paying that 20k off your loan. You are still increasing your available equity by the same amount, just depends how much you value your time and obviously if you live in the house then renovating isn't just about the money made.
Make sure whatever you spend it is at least adding double or even triple the amount of value to your house.
Just my opinion anyway.
Cheers,
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
November 27, 2012 - 7:45 pm
Good to hear you picked a few things up! It's definitely a great site to learn from! Bunnings and Mitre 10 both have really good and easy kitchen making programs so you can lay everything out on your floor plan and work out what you want and what will fit. All on their websites. Floor coverings should be pretty easy to remove yourself and i'm sure if you looked on you tube or google it someone will show you how to sand and polish a floor!
Just be careful knocking down walls without getting them checked out. If it is a load bearing wall you could find yourself in a bit of trouble!
Keep us posted on your renovation progress …
Cheers,