I probably would do what I’m doing now – investing in blocks of units.
But I would do it without partners and/or on the larger scale.

But I should say that my research would extend significantly to larger commercial, industrial, etc. If I see the deal I would buy whatever makes profit and require reasonable management time.…[Read more]

Real Love For Real Life… Sounds intriguing…[rolleyesanim]

I would love to read it.
Will be glad to help you with a feedback.
Who’s your publisher?

Hope I’ll learn a lot from it

Cheers
Lesia
[evo]
http://www.vmstreamline.com

Wait till you finish the book and start from one IP. [evo]

Start looking for the properties on the market as soon as possible.
Take some time before buying to learn the performance of different areas, and all sales agent selling tricks (yes, they will actually try to sell you a property [evo]

The best advise I ever got in investment: the deal to…[Read more]

If you can’t even inspect the property it must be bad!
The safest will be to rebuild everything.
But use this issue to cut the price down, or negotiate allowances for additional treatment/demolition expenses.

If you will ever build a new house on this please –consider this product: http://www.termi-mesh.com/

I used it for years during my…[Read more]

In Perth I would try to be creative.
Look for the property were you can submit DA to change zoning eg.:

– Converting commercial or industrial to mixed use or residential, residential to boarding house, etc
– Also look for the opportunity to organise a storage space.
– Or the lower range property but with simple and effective…[Read more]

I guess it’s too late now to put my 5 cents worth in this conversation.

But did you considered Option 4 – to rent a property to leave in and by a second IP instead?

In this case you could clime all deductions of both IPs.
If you run a home based business you still can claim the portion of your rent/relevant household expenses of tax.

This what…[Read more]

Development assessment…
I see why you are in this forum…

There’s not much fun with ticking the boxes for the development assessment (my current job is the Urban Designer / Architect )

But it’s a greatest skill ever – hope you are taking a god use of it!!!

Cheers,

Lesia
http://www.ol-painting.com.au

$10 increase is the standart rate change.

Those people got the new kitchen!
Preferably you should increase the rent by at least 10% of your investment cost – otherwise you wasted your money.

How much did your kitchen costs? (even if you did it yourself – what is your time costs/)

And don’t forget to increase their bond as well.
If they ever…[Read more]

I don’t know the Adelaide, but I would look if it’s a good area and if duplexes are typical here.

If that’s the way the life in Davoren Park in like ( I mean you think about Davoren Park – you think about a duplex or a terrace – so what the problem?

If you duplex is the first in the fires here I would warry a…[Read more]

When my passive income is 50% more then I’m currently spending.
Not that much – hah?

Cheers,

Lesia
http://www.ol-painting.com.au

Belair doesn’t sound particulary atractive to me…

But I hear that was the story with Beverly Hills…
Not sure they reached the price they expected when they names the subburb. But they say it get better

Cheers,

Lesia
http://www.ol-painting.com.au

We did it in our IP when we took it for sale. Looked good.

Stick with the recomended primer!!!
Paint wouldn’t last forever,. And it’s life expectancy will much depends on how hard your tenants will scratch it when cleaning.
The next time you will need to spent hips more time on preparation.

But it’s a good and chip value adding!!!
I recon it…[Read more]

Don’t have a personal experience, but a friend of mine was renting her Blue Montains property over the eBay on short lease untill she sold it.

She had almost double rent, but had to organise a house keeping, etc.

Cheers,

Lesia
http://www.ol-painting.com.au

Well… I know the answer exactly…

If you don’t like your financial situation – the only solution is…
(wait for it!.. ) minimise expenses and increase the income! That’s it! Easy!

Did you know all the unswers? No really, do you expect to hear something new? The hard part is that you actually have to do something about, or just leave it as it…[Read more]

Finally someone asked this question!!! Good on you – a good sign your business will grow.

With my last account choise I was looking for someone :
1. who’s possible to contact (I know it’s a busy business, but I wasn’t to see a real person)
2. who is succesfully done and doing the same type of investment and income as me
(eg. when I was an…[Read more]

No it’s not normal! I don’t pay this.
I had few bad experiences with accountacts whos only advise what on what I have to pay, not on who to reduce the tax.

So when I was chosing my currect accountant I organised an interview for few companies. I searched for the person that does the same type of investment as I do and does it succesfully. I…[Read more]

I use David Rooney of GPL Solutions.
Happy with him. here’s the contact details:

Mob: 0408 488 324
Fax: 9211 5977
http://www.gplsolutions.com.au

Good luck

Cheers,

Lesia
http://www.ol-painting.com.au

You used a solicitor in your purchase, didn’t you?

Wasn’t it his duty to make sure the financing is organised and inform you what interest you are paying and what the worse case scenario is!!! And it had to be in written!!!

If you have no letter from you solicitor advising you about possible issued – forget others – it was his job to k…[Read more]

We used tile sheets in bathroom and it did look clean but cheep. It was really reasonable for that property – it was basic rental weatherboard. But If it’s reno for sale – I would rather use real tile.

I recon when it’s used in smaller pieces – like a kitchen – it would look great and be really be really worth doing.

Good luck with your…[Read more]

)))))))))

Cheers,

Lesia
http://www.ol-painting.com.au