thanks for all of you given valuable opinion and point of view.  I personally go against the idea of getting an adult shop, as you know that will be negative for other tenants . But was urged by property agent to take serious consideration as the shop had been empty for more than 6 months.  In this difficult situation, i have taken a second t…[Read more]

Hi Simon , thanks for your points of view. I agreed with you if i can sell individually ,each unit would worth more . Come on Dazzling, do you have anything to contribute with this topic ? you think is a bad idea, why don’t u talk out and let us share your views ?

Nickelben

Ani & Jucque

Good ideas ! I would check through all that lists and hopefully I wouldn’t miss out something important on my check list.

But trouble is , there is no other same type of property near by , and confused of how to compare the rent ? Because it is a freestanding building with big land and plenty of parkings , it stands alone by…[Read more]

Hi DD,
I got the management fee rates in Toowoomba and Brisbane. I have not idea if small town in remote area………other part of QLD.

All guys, thanks !
Nickelben

Hi Aussielad & wake ,

It is builiding inspection before purchase. I have a reduced price form the vendor and also find out if any movement of the slab, the body corporate will be responsible.

Thank you , guys

Nickelben

as name

Hi millionaremagne,

Thanks for your response , your IP is commercial or residential ?

In Queesland , management fee for residential is 7.5% and commercial is 5%, negotiatable.

I got the same feeling like you , being ripped off. I got a cheaper quote from another agent 7% . This is abnormal compared to queensland .

Just wondering if every…[Read more]

Hi CoG,

No worry !I can share my experience with you. I had found building defects for 3 properties that I bought. I got the building inspection report to my solicitor and request him to write a letter to vendor’s solicitor to ask for a discount or to fit up all the defects that were in the report. All of them chosen to give a price reduction to…[Read more]

Great! Dazzling & Michael , so the biggest issue is the enviroment contamination ! I certainly will take care before i dive into it . The agent said he had a ” full Environmental Site Assessment ” report available. So that is no going to guarantee a future leak ? am I right ? better check through the lease agreement to see whether the tenant is…[Read more]

Hi Giddo ,

In my experience, I have an offset saving account and any money I put into the offset account , i actually earned NO INTEREST ( of course no tax ) . But there is a reduction of an equal amount of interest in my loan account. As a result, i claim less interest as it should be in my loan account and therefore pay more tax as it appears…[Read more]

I finally got a loan broker from the internet who do not require me to sign a brokerage fee agreement. He is young but great job he had done to get my low doc commercial loan approved !!!

Thanks everbody ,
Nickelben

Thanks Michael .

You have told me something which i never thought of . If the tenant leave, can i get another tenant to operate the service station ? Or it is very difficult to get another one ? Is the oil company or the owner doing the upgrading when necessary ? Anybody have any idea or experience can shed some light would be most welcome…[Read more]

I suggest you refer to a quantity surveyor/property valuer for depreciation staff of a townhouse. 3 years ago, my valuer told me when I purchased a house or when a house changed hand, it bring a new ” LIFE” to depreciation schedule. That means I got a new depreciation schedule after settlement , no matter how old is the house. You have to check…[Read more]

I agree with KRS ! And also be careful with apartment as the factor of land value is always smaller. When a property appreciate in value, it is the land that appreciate in value. And another disadvantage is to pay endless corp fee, sinking fund and you can do very little to improve the value of the property by adding on something. Why not buy a…[Read more]

Quote:
Originally posted by N_Lam:
Hi All,

I’m new at property investing with an eye to buy my first property very soon and multiple properties in the long term. My strategy is “buy and hold” and I’m putting a plan together on how to do this.

My number one concern is CASH FLOW.

I want to spend a maximum of $250K on my first property…[Read more]

Originally posted by crj:
go to http://www.selfstorage.com.au and look at the investment paper link

will give you an idea of some of the issues

Thanks CRJ, it is a great website and I got lot of info more than I can think of . Looks risky for me to put in my feet or may be not, but just not the right apple for me.

as name

Good idea, Thanks.

All the best
Nickel

Can you try another broker ? My experience tell me different broker has different approach & access to lender. If you can show them written lease agreement with the tenants , I am sure they will consider more seriously. If the lease agreement is not there, ask the vendor to get it done .

Good luck !
Nichelben

Thanks grossrealisation ! It looks like a good idea to check out the sites but do they attached to a office somewhere where I can find them easily? What sort of profession that i might be able to find on the internet ?I’m here in Brisbane.

HELP NEEDED
Nichelben

Cool , Is there anybody in my same boat ? Please come out to response !

Cheers,
Nickelben

as name

Exactly, that is what I am doing ! I walked away and find another one who is willing and has the confident to do it without any agreement signed. I am sure he done a bit of research and check which bank & which product is most likely to be approved before submittion. As he know he will NOT get compensated if he done a lousy job or simply drop my…[Read more]