Just applied for a card with bankwest, small limit $2k, just to cover my monthly expenses, was trying to link up my interest repayments to it but just found out that is a no no I called, asked for one, they told me I couldn't have it as I couldn't show incoming and outgoing expesnes (a property deal was underway and I was in financial limbo with m…[Read more]

Although i'm sure there's people out there who have implemented his teachings successfuly,The ones I know who have paid to do his courses, the money they spent they could have put a deposit on a house or two, I'm yet to see an outcome to their 'education'.

HahaI've already mentioned it to Terry,My Acer Tablet (Transformer Prime) adventures have been far from positive. It's a nice toy, impossible to do any real work with.Also jumps when I reply to posts.

My dad built some major extensions to his property a few years ago, saved about $40k in management fees and did a very high quality job even by professional standards. In saying this he is pedantic and well organised, I manage projects for a living and am still learning my fair share from him doing a project together right now.A man living down…[Read more]

Only available in Victoria I take it… anything similar for NSW?

Also have a couple of places in St Marys, you'll find if you do spend the extra cash (ensuring you will get those returns making it break even as such), you will be able to be more picky with your tenants. Then again, leaving it as is means you won't need to worry too much about 'damage'.Is it rented at the moment? Will you loose rent during the…[Read more]

Hi Jason,I have started looking at the Melbourne market as well as the rest of Victoria for my next investment property.What is your personal experience in with the RE market? Do you own property of your own? What are suburbs/cities you believe are good places to invest?Would love to hear your 2cents as a busienss owner involved in Melbournes RE…[Read more]

engelo10 wrote:
Sounds like a great deal. How much rent are you getting? Did you pull out the equity?Engelo

Settlement is on May 28th. I have a 3 bedroom fibro 1 street away renting for $360. This is a much nicer 3 bedroom brick veneer. Will rent it to existing owners mum for $340/wk which will benefit in that I can carry out repairs on the…[Read more]

Starting small may benefit you in so many ways:–          Easier for a $100k place to grow in capital by 10% than a $1M place;–          Lower repayments, thus quicker to build savings and paying less cumulative interest to the bank;–          A small increase in rent will change the ROI significantly more than for a more expensive house;-…[Read more]

engelo10 wrote:
Im finding good deals on a daily basis wish I could buy them all haha

Feel free to throw them our way – haha Am struggling to find these great deals, still inexperienced. The last one I bought for $310k with two dwellings, the house behind just sold for $450k. To be honest, that was a fluke, I was actually on my way to see…[Read more]

Hi Terry,Curious how it would work in my parents case.eg. Let's say they have a house work $1M. Joint ownership. Dad retired, mum on $50k. In NSW, owned the house for $15 years.They want to move into an apartment worth $500k, perhaps use remainding money to purchase investment properties.Would dad sell to mum for the $1M, use $500k on apartment…[Read more]

Hey c-manI recently started myself and now understand nobody can answer those questions but you. Questions to ask YOURSELF should be more along the lines of:–       What are your aims and by when;–       What level or risk/debt are you comfortable with;–       How much time can you dedicate to learning and improving;–       What changes are you wil…[Read more]

I’ll admit, common sense tells me a lot of what I’m seeing in the market seems unsustainable. When and how the market will correct is just purely speculation from my part.Yet you will find people will pay top dollar for perceived value. I asked for $340/wk rent on a place in St Marys, NSW and was offered $360/wk by 2 people within 3 days, the lat…[Read more]

Freckle wrote:

bardon wrote:
I think that you will find that when it comes to rent reviews then the outcome is that they rise which is hardly a wild claim.

 I've rented for the last 13 years, 2 for 5 yr periods each. Not one rent rise in all that time. I pay less today than I did 10 years ago.

Hmm, I think that may have more to do with…[Read more]

Only in the finest of penthouses of course… :p

BankWest down 32 basis boints it seems.That puts me at 6.23% and 6.15% for each property. Think they are both automatically positive geared now (after all expenses, pre-granny flat construction yet after 10/20% deposits respectively – wohoo…)

Learn to negotiate hard (and it's not always about money, so many things to negotiate on).. just started late last year and at #IP2 now.First property, I felt I was being rude offering such a 'low' price. My dad who always has an opinion told me off for not negotionating hard enough.Fast forward 6 months, purchased property number 2. This time dad…[Read more]

Any word on what BankWest is doing for existing customers? Watching it like a hawk, tho only seen mention on drop to 6.98%.Haha Dwolfe… was thinking the same thing myself this morning.

Fair call… it has actually caught my eye, still doing due dilligence :pthanks for the heads up bardon!

I think i may have missed the boat for Latrobe Valley