Consider the possibilities of having both, or how you can change your negative geared ones to positive.

My Sister. She’s more conservative though, it makes for likely debate at times.

Friends tend to fall into two categories, those that want to know how we got started as they think they are interested (none have taken the plunge yet) and those that think we’d gone a bit mad.

Hi Terry,

I filled in the form (with another form allowing them to deduct the fee from our account), had the valuation done by their approved valuer, it came in OK (ie: house valued at $210,000, land is $166,000), ie: we own MORE than 20% equity now. However, their “Risk Assessor” declined it and the only reason we’ve got from them is “it’s not…[Read more]

Yes Yes Yes, get a report done.

To date, I’ve also found it worth the cost.

Also in WA, new Prospector train coming, supposed to provide a faster service between Midland (suburb of Perth) and Kalgoorlie (and the towns in between).

Everdine,

What’s lamipanel? Is it for bathrooms, curious as we’re about to do up a bathroom.

Regards
PK

Yes, I’d say so as long as the property your purchasing is sound and rentable.

I have learnt that the b?#?#? scanner won’t work if the cord has fallen out. I have also learnt that it’s the first thing I should have checked instead of cursing the thing while trying to reload software that was still there.

I live here so it’s got to be good! Kidding, LOL.

Perth suburbs are no longer cash flow positive, like any other state you need to look regional. One of the disadvantages our our state is it’s so big, places are so far apart. Ask Recoveryman about his trip from Perth to Geraldton, I seem to recall him saying it was 5 hours of “nothing to see”!…[Read more]

Hi everyone,

Thanks for the advice. Yes, Colonail are not easy to contact, it’s all leave a message type of business and hopefully they call you back.

Bit hard to move one at a time as they are all tied up, whihc is exactly what they are after I guess. Perhaps ringing to ask exit fees (I haven’t done this yet, thanks for the idea) might help…[Read more]

A couple of loans are fixed for another year, so can’t really move exisiting business without getting exit fees.

New business is a different story though, that can go elsewhere if we put in the 20% deposit rather than using our equity! Not ideal, but a possibility.

PK

Ah, Picies, I hope your wife brought you a present, perhaps a bunch of flowers that she could appreciate? LOL.

Happy Easter Everyone.

Well I’ve never read his book, but I’ll fathom two guesses.

It could be properties that aren’t appealing to others for some reason. If you can work out why they aren’t appealing and then do something about it, then you could be onto a winner. Having said that, you’d need to make sure that whatever it is you need to do, is manageable and the…[Read more]

Bottom line. Only job growth can really affect the market to any great extent and has not changed much lately and is not likely to. Without the stimulus of jobs, the population that is here (or migrates here) are not able to spend up big on property so take care when buying, even in Brisbane and Perth.

LOL, I thought I was a cynic! Well, i…[Read more]

Redwing,

Followed your link (well done) and had a look. Firstly, how come we as Westralians haven’t heard of him before? Secondly, I couldn’t see anything relating to his current net worth, it states the value of real estate that he’s developing and the value he has invested in , but I couldn’t see where it stated his “Net worth” or the value…[Read more]

mmm. My only thought was “Make sure you have tenants insurance”!

Good Luck.

If you “redrew” your equity then I’d count that as Cash you put in for the deal.

However, if you left your equity in your other property and used simply used it as security then I wouldn’t count it as it wasn’t cash you put into the deal, your loan would have been for the full amount plus fees on the new propoerty in this case.

PK

Not all Morgagee sales are auctions, check you papers regularly and you’ll see them advertised from time to time.

Good Luck.

You could consider having the seaside ones managed by a PM, they are making money so why sell. The 6K spare should cover a PM and still leave you with some left over.

Do consider trying a different plumber. We had a plumber out every second month at one of our IP’s as the toilet kept backing up. Then it happened one evening and when I couldn’t get the normal plumber I rang a different one, and guess what, we’ve never needed a plumber since (6 months later). Whether it means this one fixed the actaul problem…[Read more]