Hi Mahanga IV,First of all, welcome to the site and congratulations on starting your investment journey. Reading books to get knowledge is great but the question is how are you going to use that knowledge. I believe in results and you get results by taking action. Leaving your money in the on call account at 8% is under-uilisation of your funds. I…[Read more]

Hi tuggerwaugh,Other than the comments already mentioned above, I suggest you should consider changing your loan to Interest Only. It does not stop you from making excess repayments but not force you to pay principal.

G'day Tim,What is VFA and what does it do?Is there a website that I can go to for more information? Thanks

Try Nancy Keep from Nancy Keep & Associateswww.nancykeep.com.au03 9544 9577I have used her for more than 6 years and she is excellent with properties. She is a property investor herself.

I had the same problem as well

Hi kokjhoonwong ,Instead of cross collateralising, why don't you take a line fo credit on your existing properties and use that equity for cash  purchase of the new property at the caravan park?

happened to me a couple of times as well.Not happy, Jan.

Hi Redhat,You can call up a few local agents and get a feel of vacancy rates in the area.

Hi lostie,It might be prudent to take insurance after you go unconditional on the purchase.

Hi wealth4life.comI have looked at some of his reports and they seem to make sense. However, it would be interesting to see if anyone has analysed his old reports (say 3-5 years back) and compared the predictions then with actual results.

I believe a well installed, good condition spa (for free) will definitely add more than $1000 in value and therefore it is a worthwhile exercise for you to install it. That said, I don't think a brand new $15,000 spa adds $15,000 to the house and therefore don't think its a great value add.

Hi swifteagle,You can avoid cross-collateralising by using the equity in one house as a cash deposit for buying the second house. For example, you have a PPoR valued at $500k with $250 owing. This means you have $250k equity in your PPoR. When you want to buy an IP, you can draw the equity in your PPoR (say $100k) and use that for 10% deposit and…[Read more]

Increase in the interest rate is not a reason to legitimately increase the rent especially if the lease is only 2 weeks old. However, you could look at adding some value to the property/tenancy (airconditioning, providing a TV, furniture, etc) and increase the rent to cover the cost of new feature plus recover some interest rate increase.

You can try drakehomes.com.au for removal homes, orhalleyhomes.com.au for kit homes

Hi Daffodil,You can get more information from Real Estate Buyers' Agents of Australia websitehttp://www.rebaa.com.au/Hope this helps

Hi jtw,I always considered this to be a risky investment option but your comments have provided more input into my decision making.

Try Nancy Keep (www.nancykeep.com.au)She is a property investor herself. I've had her as my accountant for many years and she can suggest some innvovative ways of minimising your tax as well.

* 1 PPoR* 3 IPs* 1 Block of land* Buying 3 more IPsand always looking for more….

Hi Bez,I reckon you should have insurance for the following – building, chattels, loss of rent, tenant default rent, malicious damage, public liability and motor/fusion burnout.

G'day brookeleaAre you buying an off the plan property? Has the property gone up in value since you signed the contract? It could be that the vendor is trying to make it difficult for you so that you pull out and they can sell it at higher price to someone else?