Coloured render is tricky to get the right colour from a small sample (pretty much like trying to choose a whole house colour from a 2" square card from bunnings).  Going down the base/intermediate/topcoat paint option is safer, and the colour is much closer to what you choose.  Also be mindful that amature persons spraypainting could be d…[Read more]

camjanice wrote:
Thanks Pinkboy.  I bought in Plantation Palms, happy with this purchase too with all the new development – schook, and shops in the vicinity.  Thanks for your info on Mirani and Marian.  Will pass this onto my friend.  (and wish I had more $$ to spend up on investing but have to wait!).

I think PP will do quite well in com…[Read more]

camjanice wrote:
Pinkboy, I would be interested to see what areas of Mackay you recommend, being a local.  I have a friend buying a house and land package in Mirani.  I was thinking it is a bit far out of town but maybe it is closer to the mines?  What are your thoughts?  Cheers, Janice

Hi JanicePersonally I think Mirani is just a wee bit too…[Read more]

Portfolio PI wrote:
Hi All, for those following my regional research here is some information for Mackay on the blog. http://ppiqldtour.blogspot.com/2011/09/mackay-central-qld.html Thanks for following!

I live in Mackay and knew about 80% of all the projects you listed.  Some are a little outdated and some a definate NO GO, but I think you…[Read more]

engelo10 wrote:
I think the reason is because the mines arnt as developed yet in Collinsville, its pretty close to the water tho(well compared with the other mining towns). Supposedly they call it the RITZ of mining towns cause of its proximity to the ocean hahaha. I remember seeing it come up in the residex best rent property report last year.…[Read more]

dcwwood wrote:
I'm definitely leaning towards Mackay, its a real muscle town offering so much more that just coal-seam gas projects. Pinkboy, the estates I'm looking at are Plantation Palms, Avalon and Mountain View. Do you have a preference – based on location to CBD, surroundings, costs, potential for growth etc? Will most likely be doing a H…[Read more]

Where in Mackay were you looking to invest – suburb, estate???Which builder were you looking to build property with?Looking at house+land, or buying land then choosing builder?Fully furnished?  I live in Mackay, and I can help you a little should you need any questions answered , or I could point you in the right (generally right) direction.pinkboy

csydney wrote:
Has anybody got some useful suggestions?

1. Get a job(s).  You will need deposit, plus expenses2. Learn the property game (joining here is a good start). Books, internet, possibly seminars dependant on situation are readily available.3. 1+2= Get youself into the game by contacting a Mortgage Broker (those that are on here are…[Read more]

Sounds like no exit strategy for any member of the venture was put in place before entering in the agreement together.  I havent got any specific advise for this scenario, but there will be (financial and emotional) lessons learned on this that is for sure.  It sounds weird, but exit strategy should be the first thing to consider when making mo…[Read more]

cheng wrote:
When I told these issues to the agent, he mentions that he is selling the house not a boarding house amd I should understand the value of this IP that he is offering. The other 5 potential buyers do not concern with this issue at all. I am not what he implied on this.Is there any other way to avoind these issues?

Cha ch…[Read more]

Red Flag.Imagine it…..claiming 40 years capital allowance depreciation on a brand new build straight up first year, then selling up because your circumstances with said property have changed, and probably because something has turned south, with no ability to repay what you have already depreciated.  Unfortunately no-one has a crystal ball to…[Read more]

gomez109 wrote:
So, if you wanted to make a bit of money from this, couldn't you buy a large block of land now (under the old stamp duty rates) and then commence building 3 townhouses for investment purposes on the land after 1st August, you could claim this 3 times, couldn't you?(Of course, it does need to make sense in its own right, but given…[Read more]

X + Y = ZDeposit + Servicability = LoanCan you cash in any assets or bring money into Australia to purchase PPOR outright?pinkboy

$6k-8k

I run a business where the general terms of all my suppliers are 30 days EOM and my clients basically stipulate thier own terms upon you which are 90 days EOM.  We are always forecasting work/payments etc 3 months in advance, so at the moment June/July are long gone, and we are looking well into August already!I cant speak for retail as we are in…[Read more]

Sash wrote:
Paul – Thanks for the insight mate, I briefly thought of that as a concept but thought it would be rare to come by.Shape – Cheers for the feedback regarding banks perception on income generated to business towards the loan repayments. After further research it still seems that the biggest hurdle will be a deposit. What is the highest…[Read more]

Would be very minimal exposure at best, I wouldnt worry too much about it!pinkboy

I would at least obtain permission in writing, from whatever source (solicitor, vendor, agent).  Just getting 'the nod' might open a can of worms for your sale should the vendor get nasty about you picking up further defects etc in the repaired area.pinkboy

Take a hammer to the pots!!! 1. It will make you feel good; 2. When they come around to collect, you can claim ‘they broke’!

pinkboy

thecrest wrote:
After Bunnings bought out the main local hardware concern in a central west NSW country town last year, the application form for credit required the applicant to agree to using their real estate as security for default.Read the application form very carefully.Cheersthecrest 

I read this in my application for credit at Bu…[Read more]