Hi Anzac15,
My suggestions:
1. Keep the property in QLD. It was your PPOR earlier and you moved to Melbourne only 2 years back. You could keep that property as PPOR for another 4 years and therefore be exempt from CGT on it. You should look at ways of turning the out of pocket $200 p/m payment into cashflow neutral or positive situation. Make sure…[Read more]

Hi Ana,
Kit homes offer you the quick turnaround time. I think its a very good option in areas that are experiencing great rental demands (due to new mines opening up, etc.) and the new housing is not able to cope with the demand. I know people are putting kit homes or removal homes in towns like Maryborough, QLD on large, sub-dividable blocks.
I…[Read more]

Hi crusaider,
How old is the property and what kind of rent are you getting for it?

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi Julie,
My accountant (Nancy Keep, http://www.nancykeep.com.au) has helped me setup companies and HDTs. She is a property investor herself and should be able to help you.
You can contact her and mention my name.
Regards
Sanjiv Gupta
**************

“There is no passion to be found playing small – in settling for a life that is less than the one you…[Read more]

I think there are still a number of desperate sellers. I am buying a property at around 21% under valuation. As a buyer, I think its a good time to be in the market. That said, some indicators are showing signs of recovery.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of liv…[Read more]

hi eforce,
You should have a look at the following website because you are a foregn investor:
http://www.firb.gov.au/content/faq.asp
Regards
Sanjiv
*******

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Thanks raddles and Terry,
Should I setup new trust using the existing trustee company or setup a new trust with a new trustee company?

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

I hope you recover soon, Jaffasoft.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi daz61,
I won’t go to the extent of saying companies like cashflowcapital.com.au are for lazy investors. I think it is a great service for investors who do not have much time to spend looking for investments. You need to use OPT, that is, Other People’s Time. You need to build a team of professionals around yourself to meet your investment…[Read more]

G’day daz61,
Can you please provide the website address?

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi audiocorgan,
You don’t have to sign the contract if you believe the terms/conditions on your offer are not met. In this case it is quite clear the terms are not met.
You should probably pull out of the deal because if the vendor accepted your offer within 2 hours, you have probably offered too much anyways.
Sanjiv
*******

“There is no pas…[Read more]

Hi stu_macca,
Definitely, Interest Only is the way to go. It doesn’t stop you from making excess repayments (if you wish to) but doesn’t force you to make Principal repayments.
Sanjiv
*******

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi eforce,

Overall Melbourne market is on the up again but some suburbs seem to be outperforming others.
You mentioned houses at Flinder Street, Cook Point and Truganina.
Houses in Point Cook should be good for LONG TERM holding. At the moment there is lot of supply of house and land in and around Melbourne’s western suburbs and therefore the…[Read more]

Hi avranjes,
I have to admit I have not done a lot of research myself but I feel the houses at Commonwealth Games Village in Parkville should be a good buy. The village is only 3-4 kms from CBD and is well connected by public transport.
All the best and welcome to Melbourne – the best city in the world!
Regards
Sanjiv
*******

“There is no pas…[Read more]

Hi white goodman,
This is great. Thanks for sharing.
Sanjiv
*******

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

you could hire some furniture to match the style of house.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi eforce,
I agree with HookamC. You can make a lot of deals cashflow + by putting in 35% deposit.
You also need to consider the capital growth prospects. Serviced apartments usually have long leases and the capital growth is usually limited. There is not a lot you can do to increase value of the property for both rent and capital growth.
The…[Read more]

Hi Francis,
I agree with demkel, the easiest thing to do will be to do minor renovations with a view to increase the rent – painting, updated kitchen/bathroom, new carpets, new carport, etc.
Or if you have savings, put them into the property so that your loan repayments are reduced.
You can also look at subdivision (with council permission) if the…[Read more]

Hi SK2,
Jock Kennedy from The Property Practice.
http://www.thepropertypractice.com/content/home.htm

I’ve been using them for my deals in NSW and am very happy with the services.

Regards
Sanjiv
*******

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

bth,
Go for it, mate!
If you are able to buy the property at discount (wrt to property valuation), I believe you have mitigated the problem of not expecting too much growth in the near future. You will have equity in the property from the start.

“There is no passion to be found playing small – in settling for a life that is less than the one…[Read more]