Whereabouts – city & state please?

howardcm wrote:
I just really dont see the point, especially when it's CF+ paying P&I 

Its up to you but for goodness sake don't pay P. Pay the cash into an offset account (which will lower the I paid on the loan) and can be withdrawn later for more purchases.

howardcm wrote:
IMO there wont be a lot of capital growth over the next few…[Read more]

howardcm wrote:
Doesnt that mean though that you will never own the house? …. and if you keep getting IO loans then youll be doing a full circle of never owning a home outright but always paying the difference between rent and your IO mortgage? Sorry, 21 years old and very inexpirienced

howardcm you are making some very basic and costly…[Read more]

Tommygun wrote:
Is anyone aware of a good website/company you can go to and see what property and/or land sold for? ie: specific addresses.I imagine you would have to pay for this service? If so how much?

For those who don't spend $6K pa on an RPData subscription the best 2 (small $s) pay sites are:http://onthehouse.yahoo.com.au/A $9.95 a…[Read more]

CrystalQ wrote:
A direct family member transfers their property into my name (no cash changes hands). I knock it down (it's an old house) and rebuild it into a new  house. As this is their primary place of residence i assume they pay no capital gains tax, but I would pay stamp duty?

Yes you have to pay stamp duty as though the transaction…[Read more]

lunareclipse wrote:
I did leave out alot of the key pieces of information as I was curious to see what suggestions would be made and therefore hopefully vindicate the direction and decisions that we are making.My day job is 'Project Manager' therefore I have spent alot of my time running projects (not property) that make other people wealthy. It…[Read more]

Brett, JVs can & do work and some are abject failures.Most of the JVs that work utilize the skillsets of each of the JV partners.e.g. one partner has cash & no time, another has time & no cash but has project management ability etc.Out of both your options here I see one partner (REA) who has land. Of the other option I see a landowner who can…[Read more]

Hi Brett,What kind of help did you have in mind? We are based on the NSW Central Coast.

Investors Zorba wrote:
I do. just asking for thoughts from other investors.

Apologies, I didn't mean to offend. I saw you had very few posts and I deal with a lot of newbies who ask similar Qs without wanting to put any of their own efforts into it.All the best with the decision.

shivasko wrote:
Just wondering if anyone could help me with understanding an Equity issue I have at the moment, I recently purchased an IP for $350,000 and it was a Mortgagee sale. In the contract it has a valuation valid until the 26th May this year for $520,000.

  I have seen a lot of contracts in my time but I've never seen one with a…[Read more]

I'd advise against any investing strategy – property or shares – based on 'hot-tips'.My hot tip:Mandurah – sea side location (water always good for CG)Perth-Mandurah Rail Link. $1.7b, completedDo your own research.

cosmic wrote:
I am looking at the bottom end of the market.  The ugly duckling houses.

OK. You are competeing with FHBs at this lower priced end of the market. The thing in your favour is that most FHBs being Gen Y want evertyhing in their first home and no work to do. 

cosmic wrote:
I notice that all the good deals get snapped up before t…[Read more]

Shaunous wrote:
I have just met with my broker to buy my first IP, and he suggested i do cross-colaterise mine because of cost saving/easier and easier for tax reasons, should i change this do u think…

I think you should change your broker – yes.There are some very limited occassions where x-coll has helped people move ahead. Then down the t…[Read more]

For a first time poster you offer some very good advice LK – or at least you are supporting my confirmation bias.

the_maddog wrote:
Does anyone have a rough guide to the difference in price one could expect single vs multiple storey? E.g. If single storey is 400K then multuiple would be 300K, i.e. 25% less.

No, there is no such guide – you can't do it that way.Email Mike Lloyd – Fusion Finance [mike@fusionfinance.com.au] who is a forum member and he'll…[Read more]

duckster wrote:
I am having the same problem , ….could produce income from the share market using covered call option selling but the bank told me they do not include share market income into their calculations.

Their lending criteria may have changed but it used to be that if you could show good steady income from share trading or option…[Read more]

Rhys_Roberts wrote:
I google searched "balustrading" and the "in thing" seems to be frameless glass…

Rhys, 2 things spring to mind:1. Is your townhouse part of a strata scheme with a body corporate that either (a) you need permission from to do this as it affects the external look of the building or (b) should be paying for this work, not you…[Read more]

sheranj wrote:
I just got back and I'm living with Mum.

Sheran, I'm sure your Mother is just thrilled

sheranj wrote:
There's certainly some equity in it

Excellent – the market did move up in the last few years for you.

sheranj wrote:
but I don't want to be a dummy and hold on to it

huh????? You have held it for only 4 years and it has…[Read more]

ericyan wrote:
Propertunity, the Council will divulge such information readily? I would've imagined them to ask a bit more questions on why i would want it etc. etc..

Look, if you call council and ask how many bedrooms or bathrooms there are in a property then you will get the conversation closed down pretty quickly on the basis of privacy…[Read more]

Rhys_Roberts wrote:
Does anyone know if Neil Jenman has propertunity as a character in his next book?

I don't have anyhting to do with Neil Jenman one way or the other, but he seems to like the idea of Buyers Agents.http://www.jenman.com.au/news_story.php?id=89

Quote:
In many ways, I wish there were more Buyers' Agents. Most agents act for the…[Read more]