your investment property? is it good? havnt seen it around.. maybe i'll subscribe to it!

just a quick question, how do you get 'wilful damage caused by pests'? its not like the pests delibratly WANT to cause damage… on the other hand, how can pests cause unwilful damage?

i might not be of much help, but my first impression is to check your contract you have with your PM. What does it say? Does it say you have to authorize repairs before paying for it? Does the PM have 'reasonable' power to make decisions that will cost you money? If you find that your pm doesnt have that power, then its up to the pm to pay.…[Read more]

Hi Sarah,If you wouldn't mind, why dont you let people know around what suburb it is? This way you could ask for opinions from people who know the area and maybe can recommend tennants or 2.Another thing is explain the processes that you went through prior to buying your property. Let others what happened to you so you reiterate the lessons that…[Read more]

Hey Richard,Thanks for replying. A few people have seen this but havnt done anything.The article doesnt say, but it looks like 40 year loans are both principal and interest. it wouldnt make much sense for a 40 year loan to have the same monthly repayments as a 20 year loan though.and i thought that the shared equity scheme was offered by more than…[Read more]

Just to butt in here, is this how it works?House: $100.00Bank will lend 80% of the value of the house.So now you have to make up for the short-fall of 20%.You go to the vendor/sellor, and you tell them "look, i only have $80 bucks, i don't have the deposit. However, i am going to rent your property to my client here which will generate an extra 10…[Read more]

steve's latest book is very new and very good. check it out.

Hi Chris,it is the advertised rental price. i would probably say this is opinion, which i will make further enquiries with the real estate agent involved in regards with this property. I will also be enquiring about the management fee.-Ken

ah, also i forgot to add, do most mortgage companies allow the cost of the mortgage insurance to be added onto the loan, or is it an out of pocket expense?

hey maxi,Thanks for the quick reply. So basically they are all online- you cant go into the store and 'speak' with them, its all online? Thats fine with me, especially if it means less monthly repayments. and i just quickly saw that the variable rate is only 0.03% lower than the fixed interest rate- sounds like its definately worth a go, its…[Read more]

millions wrote:
Members Equity have 7.44 fixed for 5 years with no fees. I'd be fixing for alap.

ALAP? you mean asap? this brings me to another question.. do investors tend to use fixed interest rates or not?

TanyaBlack wrote:
Hi there The first thing you should do is write down some goals and formulate a plan around that. Ask yourself: Why do you want to invest? What sort of returns are you wanting to achieve? Are you investing for capital growth, cash flow or tax purposes? (You can invest for a couple of those reasons and you will probably…[Read more]

hey guys,As i promised, i took today off to do a little more research and have spoken to RAMS and HSBC regarding how much i can borrow. At first i was a bit disheartened to see the home loans officer lay out all these extra costs i didn't even take into account , as well as mortgage insuranceFirstly HSBC says that th mortgage insurance is an out…[Read more]

^^ i suppose any news agent will have it?

Hi Paul,Its fairly achievable (i hope!!) and its currently my biggest goal in life.It is to create an investment porfolio that will mean by the time i am 30 (in 8 and a bit years) i will have positive cashflow of $1500.00 per month before working. No doubt this will be hard, but i am definately willing to try. One flaw i have is that i am not…[Read more]

Handy Andy wrote:
OH, it helps if I finish reading your comment…Advice:1. Start sorting out finance NOW.2. Find a good/reputable/cheap solicitor NOW.3. Get bank statements, wage statements, ID etc. together NOW!Good luck.

Hey Andy,Thanks a lot for your reply. Im thinking about what you've said, and am wondering, what is a good/reputable/cheap…[Read more]

Hey there Kellylock,Just wondering, what are 'some business'? i woudl love to get in touch with some of these businesses that help investors start.

Hey guys, thanks for the reply.I've checked out your website and have booked marked it A quick glimpse does show its fairly useful, especially the top 10 tips- i'll keep that in mind.Whilst i don't disagree with the view of research and education as the starting place, i feel i've been doing that too much. I need some ACTION. hence i am going out…[Read more]