It relates to the number of dwellings that can go on the block. I think different shires are differnt so you may need to check with the individual shire as to what the specific codes mean.

When zones change investors will often look for blocks where the change will allow an extra dwelling or two and snap it up so they can then subdivide and put…[Read more]

Laneways can sometimes be a problem ie: easy access for theft and sometimes the noise factor if people loiter in it. If you choose a house with a laneway running along one of the fences be sure to plant plants that discourage anyone entering by that means ie: boganvillea (very prickly).

Regards
PK

I agree with housemender, it depends on the tenants you are trying to attract. If it’s a family type home, then they’ll want schools, shops and possibly transport.

If it’s a unit for singles they’ll not want schools but often want cafe strips or nightlife in walking distance or public transport, unless it’s student accomodation then it’ll need…[Read more]

I’ve had two properties in Geraldton but not at the same time. The first was a 2 bed furnished unit and second a 3×1 house.

The unit I found was lots of short term rentals with several weeks gap in between. Never any damage or late rent though, but it wwasn’t what I was after.

I prefer the house becasue it gets longer leases ie: 12 months at a…[Read more]

I’ve not had experience with either option that you have listed.

Is the house livable to move straight in? If so, then perhpas move in and if the house is actually valued higher than the price you purcahsed at, then perhaps you can then apply for a line of credit for the amount needed for the reno.

Or alternatively, do you already have the…[Read more]

Hey Dazzling I do wish you luck, although you really don’t need it, you’ve been preapred to take the risk for the return so as far as I can see you deserve to be able to retire, you’d done the hard yards to get there.

Best Wishes though, I hope it all comes together for you. It’s great to hear when someone reaches their goals. Well done.

Regards
PK.

Hi there GAzman1976,

Ring the council and ask them questions ie: what has building approvals been like (gives an indication of whether population is increasing). Ask them what infrastructure is planned or any zoning changes in the pipeline etc.

Also for population, remember that the ABS stats are now a few years out of date. Another option is…[Read more]

This being the case I would suggest separate loans to avoid X-Coll
E.g.,
Loan 1 @ 20% plus closing costs i.e. stamp duty etc, secured against current property.
Loan 2 @ 80% secured against new purchase.

Regards
Steven
Mortgage Broker

This is sound advice if using equity as security. We spent a small fortune earlier this year untying all the…[Read more]

Time to get a computer guru out, it’ll save you lots of time and heartache!

Secondly, wyou should be able to download Adobe for free and not sign up for a specific time.

Get the guru to load it while he’s at your house.

Good Luck
PK

I haven’t received the answers either so guess they are still coming.

But thought the reno video was fantastic!

Looking forward to the next update.

Regards
Judy

Some policies don’t cover loss of rent if you manage it yourself but others do. Be aware though that if you manage it yourself and it goes to court then you have to face the tenant in court, or even harder, you will most likely be sitting in the same waiting room as the tenant. Are you able to handle this situation?

I recently took a tenant to…[Read more]

Please help, can someone tellme how I put the answers into a PDF file. I have the file on the desktop and I click on the hand and click into the box that I need to complete but it doesn’t let me enter any info.

Any ideas on what I’m doing worng here?

Regards
Pk

Well, the longer they are there the more damage they can do, if you can get them out quickly and eaily then do it.

I’d also request a copy of the lease so I could read it for myself to see what stipualtions were in it.

Good Luck
PK

Thanks Derek, that was well written and informative.

PK

Hi Samantha,

The shower may need to stay over the bath otherwsie it may make it even more cramped by trying to fit both in separately. What we did in one house though was had Roman Bath built and have the shower over that, that way it had a flat floor for standing in (unlike normal baths) and it still allowed families to be able to bath children…[Read more]

People have made captial gains from units and houses so either can work. Personally I steer clear of units now as have found dealing with body corporates more trouble than anything else. The last body corporate couldn’t even supply a balance sheet, only a profit and loss so if you decide on units, then see who the body corporate is and make sure…[Read more]

The date on the contract is the date that is effective for capital gains tax. So the first contract was signed on the 20th April 2005, so as long as the next contract was signed and dated after the 20th April 2006 then you have met the 12 month criteria.

When properties settle is actually irrelevant.

Regards
PK

Try SGIO

Have you read Steve’s second book? If not give it whirl, it answer more questions on +ve cashflow.

Regards
PK

Ah yes, good idea, perhaps a button that says “active topics that I can access”!

I also find it fustrating having to scroll past pages of forums that I cannot access when I hit the “active topics” button, especially if it has been a couple of days since I was on last. I have no issue with those forums being there, but ease in accessing where I…[Read more]