Amazing that you should post this question as I was with Patrick from RMG Accounting in Subiaco only yesterday after waiting for weeks to get in to see him.

I was enquiring about trusts and which way to go and he suggested a Family Trust which he can set up for $450 – I thought that was very reasonable considering some of the posts in this forum…[Read more]

Hi Aussielad
Yeah, thanks for your comments. Your deal sounds much better than mine!! Is it an old building and on the outskirts of town. The one I am looking at has new development going on around it and is only 8mths old. I am looking at the capital growth as I expect the costs to break even. But I was thinking about the borrowing capacity…[Read more]

Hi Guys

I met the agent today and had a look thru the property and it is better than I thought. It has a roller door so you can drive in.It has an office, toilet shwr and sink all together and nicely tiled. A kitchenette plus another room sectioned off from the main factory area (which would be aprox 64sqm). Then there is a mezzanine level…[Read more]

Thanks for the feedback and for your support. You have given me lots of questions to ask and food for thought. I will keep you informed.

Kind Regards
Anita[mellow]

Thanks for you advise guys. I will be speaking to the agent tomorrow. I agree I think the rent should be higher as does the R/E agent but he said “try getting higher rents in the current market”. But because there is a long lease in place I think this may benefit me getting the loan. Plus I won’t have to worry about it. I am sure it is in a…[Read more]

Hi Steve

In my experience you don’t have to be a high earner to invest in property just as long as you can cover the expenses. So do the maths, there are still bargains to be had! I was a single mum when I bought my investment property and I had never been in any one job for much more than a year. My work history has been very insecure but I…[Read more]