A couple of things on this that it pays to keep in mind such a situation.You're talking about $5.00 a week or $260 a year.  Leave the property vacant for another two weeks waiting to find a tenant who'll pay $280 or $290 and you'll be out of pocket $520.Happy now that the property manager has saved you from…………….Not sure what state…[Read more]

You'd call it a marketing fee in QLD

The amount of the repayment on your PPOR will not go up if you take out a new loan to purchase your IP.  You're not actually accessing the equity as a transcation of sorts its just used as security for the additional loan.The total amount of your repayments across both loans will increase and be offset by rental income.

Slightly off the topic but many forced sales are now not being advertised as such as instructions are to not to disadvantage the marketing and sale of a property.  The Sellers are however disclosed at the time of the auction.  When there are signs all over a property baring unauthorised entry due to a court seizure order its a pretty good indica…[Read more]

Never sell IPs.  PPOR there is always a time to sell to gain TAX FREE money.I'm sure you'll get plenty of mortgage advice.  Your repayments shouldn't go up when you access the equity in your property as security to buy an investment property.  But as a property investor.  Stick it out with your PPOR (Tax Free Mine) and do the hard yards to gai…[Read more]

> NOTE WELL > Lodge any Bond Monies you have ASAP.  You don't need to wait for the full bond amount to be paid.  Holding onto the funds beyond the allowable period is a breach of the act.  You seem to already be aware of the need to comply in this area.http://www.tica.com.au is the tenancy database many agencies use.  I'm pretty sure that the service is…[Read more]

Two quick things on this.1.  Properties are purchased in as in condition that is as you inspect is as you purchase the property.  That we be where the negotiations have take place to this point.2.  The point to impress on the Seller via the agent is that the things revealed in the building and pest report aren't going to go away.  That is eit…[Read more]

Give some consideration to stamp duty.  You may pay a higher rate (Investment) if you dispose of the property under 12 months (QLD).

Yes I recently received this call about the $250,000 in income tax i'd be paying that could be used for investing in real estate.  Good script got my attention but pretty obvious its an old dog in new sheeps clothing.

All the Perth investors are in South East Queenland.

What’s normal anyway.  The two go hand in hand in a hot market thats for sure.Relative to the rest of the conditions in the contract its at the sellers discretion to have the clause inserted as a concession for accepting the subject to sale clause.    Most agents would recommend this and it maybe claimed this is an extension of a duty of care t…[Read more]

3 Bedroom brick and tiled with ensuite, built-in robes and double lock-up garage on about 300m2 yes these properties are selling in the low $300,000s.Yes there is strong rental demand for these types of properties around $300 per week.Many investors are in a similar position trying to source this type of property in Sydney or Perth not easy if…[Read more]

Yes you're not alone on this.  Call ask the questions and the answers will be forthcoming.Seems to be a new access point for brokers. Very confusing isn't it and this should be clarified upfront and throughout the process.  Everything seems the same expect for the names of products and such. Who knows what drives brokers to particular lenders espe…[Read more]

I've been looking at Morayfield & Narangba area. Anyone know if this is a good area to invest in?Back to your question.Good areas to invest in.  Well that depends on your investment strategy and the outcomes you invest for.If you wanted the facts and figures i'd assume you would have them by now.  Solid performers with improving rental retu…[Read more]

Looks like you get what you pay for. Still tax deductable isnt it.

Guess i’m lucky that I only pay for the stamp duty

Opportunity in everythinng

So the mortgage guys must be the clever ones that are apportioning their purchase costs as a deduction over 5 years.

Are they?

That is;
> establishment fees
> title search fees
> costs for preparing and filing mortgage
> mortgage broker fees
> stamp duty charged on the mortgage
> the cost obtaining a valuation or lender’s mortgage insu…[Read more]

All very well and good isn’t it. The issue is surley more about serviceability. That is for members of the forum who generally would be in the growing phase of their portfolios?

If I purchased a property for $175,000 and sold it a year latter for $245,000 i’d be doing pretty well yeah. Especially if i’d only been able to buy that property…[Read more]

Northside of Brisbane what about the 200+ million dollar upgrade of the Bruce Highway. National 1. Wonder why?

Clearly it pays to do you’re own research.

Always get an independant valuation and see the property for yourself.

http://www.mainroads.qld.gov.au check out the link to the projects for South East…[Read more]

Very interesting analysis. It always pays to do you’re own research clearly. Not sure what suburb you’re talking about perhaps you could enlighten us so we can buy at the bottom market?

Many areas in Brisbane are on the move with multiple offers and properties achieving more then the asking price. Vacancy rates are at an all time low and…[Read more]