A place that once hosted the world’s best Grand Prix! ………say no more![]
Shame that I live in Brissy[]

and replacement of furniture every …..years

Yes Anastasia,

how true what Bill have said!
It would be more satisfying if I had contacted one of the brokers here in the Forum. But at the time I wasn’t aware about this Forum.
My broker didn’t give me the advice I need to know as an investor and how to structure the loan properly. From the people here you get everything you need to know.
My…[Read more]

Happy Birthday Arty!
I know what your wish is………. a + cashflow IP on a plate?[]
Sorry, can’t give, haven’t got one yet![]
Enjoy the day!

Does anybody know a good Accountant with IP experience and a Conveyancer/Solicitor in the western suburbs of Brisbane?

Arty,

Yes, I think we have to add a few dollars in the budget, just incase it happend.

But somebody bought a +cashflow IP for a little over 300K. Looks like this is also possible.

Arty,

somebody said this morning that he bought a few + ones last week (between 30 and 80K) I think. And the rent, mind blowing. Realy +cashflow and 11 ss!!!
It’s still there somewhere.
It would be interesting how the IPs look like, isn’t it

Hi Christopher,

since you have a Certificate in IT why don’t you start a Home Business by providing personal service to people in your area about how to use a computer and teaching them the basics of MS Office and Excel and Internet. One of your target is eg. older people who don’t want to go to the TAFE College because they don’t want anybody to…[Read more]

I’ll remember that Bandit.
To make a prop. from neg. to pos. we have to make additional payments. This is not tax deductable or? As far as I know only the interest is tax deduc.
Any other solutions?
Sorry for so many questions from a beginner.

Thanks Gents,

I made a BIG calculation error!
How much above the 11ss rule would you go?

Thanks Monster,
I forgot that!!![]
Not a good one though………[]

Hi Bandit,

thanks for your respond. Here are the datas, mind to give me your opinion?

Sale Price (excl. GST) : $225,000.-
Annual rental (excl. GST): $ 18,270.-
Actual return : 8%
Outgoings paid by tenant
Lease end date : 31-1-04
Lease term : 4.5 yrs
Options : 5
Rent review and Frequency:…[Read more]

Flat average rent per week= ($75+$85):2=$80
6 Flats= 6x$80= $480 per week rent income
Applying 11 sec.: $480:2= $240 x 1000= $240,000
Price= $250,000
How come +cashflow???
Or is my calculation wrong?

Hi Simon,

how are you?
You might remember my case of yesterday where you gave me some valuable advice.
After reading Renee’s post does it mean that it would be a good idea to put my spare money (cash money) into a mortgage offset account after I bought the first IP. The loan has to be with an offset facility right?
Thanks!

Hi Simon,

indeed, very confused! I’ve to digest what you’ve said over lunch I think.
I become an expert at the end of the day if it’s going on like this!
Then, maybe I would be able to help other people too one day.
Thanks Gents! A great afternoon to you all too!
(gtg now)

Thank you so much Chris!
You’ve opened my eyes to possibilities I never had thought before. You also have made Investing in Properties so much easier to understand than the books I’ve read (at least for me).
I hope my example also would be a great help for other New Investors.
Again, much appreciated!

Thanks for your quick reply and congratulations with your new IP Simon!
What I don’t understand is the following: “I would only 100% recommend the 100% option if there was a PPOR debt to be reduced as well”.
Do you mind to explain this a litlle bit more?
(I’ve paid off my PPOR).
Could the intended IP also be used as security and hence I could borrow more?

Thanks Steph,

but I defrag and clean the C: drive every second week. The message “the Program is not responding keep coming up” and I have to restart the browser again.
Any idea from the computer wizards?

Thanks for the comments guys.
Working from 8.30 till 17.30 I only have time on week ends. Browse the net every night but couldn’t find anything special.

$405.- divided by 3 students (3BRM) makes $135.- per head. Probably for overseas students?

Yes, I forgot the depreciation too, doogs. That much? Another bonus isn’t it?
The more I think the more I feel I should go for it. Also because there’s no other new 2BRM Apartment in the neighbouhood under $300,000.-. It’s located near a big Shopping Centre (3 minutes walk), shops, cafes and restaurants in front of the door, close to the railway…[Read more]