Originally posted by geo:
Hi again to all,

Just had a meeting with the consultants of Margaret Lomas – the lady behind several books on pos. cashflow. Towards the end of our meeting, they show how they can help you achieve 10 pos. cashflow investment properties in 15 years – yes, that’s right – 10 properties in 15 years.

Was that 10 paid off in…[Read more]

If you consult your office of fair trading, make sure you consult the NT one and not the one in the state you live as every states laws are slightly different and you need the laws for the state your investment is in.

As for breaking the lease, it depends what your lease says, my ones are ususally fixed for say, 12 months, and after that 3 weeks…[Read more]

Interest???

Do a search on Landlords insurance in this forum, there’s a previous thread listing various companies.

Marisa,

Was there 2 weekends ago. A place I would consider as long as you realise that the yields go up and down with the mining industry ie: if mining industry is booming, your yields will to, if mining industry not booming then yields drop.

A vast range of housing types available so pays to actually check them out. Also, a waste treatment…[Read more]

I always get one done too. I usually do it after settlement and before I do anything to the place as I have receipts for anything I’ve done anyway. Time doesn’t really matter though, but I’ve just found that to be the “least confusing” time to do it.

What’s LOL please?

I check out the ABS site, but I can’t figure out how to post the link here. ???

Beerboy,

Fine to get the opinion of the bank manager, but also remember that his financial plan wouldn’t necessarily be the same as yours ie: many are still conditioned to -ve gearing.

Good Luck
PK

Can you have two anti-virus softwares running at the same time? iE: Nortins and AVG? I currenlty have Nortin’s and it has been picking up 3 to4 virus each day, have no reason to think it’s missed anything, however reading above makes me wonder….so can you have two running or do you have to delete one to run the other?

Hi Beerboy,

I’d agree that maintenance and insurance sounds high, but that might depend on the area. Also you said no depreciation, but I’d suggest get a Quantity Surveyor in anyway as things like HWS, Stoves, a/c’s, curtains etc often can be depreciated, but a QS can work out the values etc.

PK

Are you talking about the 11 second rule, if so, have a read of it again, your first two are getting close (but not there), but the other 3 don’t fit it, the rent isn’t high enough.

The rule is just a guide though, so with the ones that are getting closer, spend some more time working your figures and investigating the areas etc.

It also depends…[Read more]

Woolworths Mastercard also offers Qantas Frequent flyer points (can’t remember who asked this earlier in the thread, but there’s the answer), and the annual fees are a lot cheaper than the ANZ Qantas Telstra VISA.

Sorry Georgisj, yes they are +ve cashflow. IP3 is only jsut positive but in an area where I feel it may also get some gains over time (as it’s paying for itself, any gain will be an added bonus here). IP4 which I’m waiting to see if offer is accepted is definitley +ve cashflow but don’t feel there will be any chance of capital gains on that one.

AusProp, I think you could be right, I believe you need a credit providers licence in WA to be able to do wraps etc and that’s a form of vendor finance. The Department of Consumer and Employment Protection Agency (or whatever they are called nowadays, used to be called The Ministry of Fair Trading) would be able to clarify.

I guess you could say she gets a reasonable benefit because if you guys split she can still take you for her share through the courts. That’s reasonalbe isn’t it? SOunds terrible I know, but I’m sure she would benefit. We have a negative geared house in my husbands name only and a positive geared house in my name only but all loans are in both…[Read more]

Bernard, sounds like you had contents insurance only and not landlords insurance. It’s worth taking out the latter.

I’m looking now, for a couple of reasons, firstly I believe that over the next year or two some investors will leave the market when they don’t get the returns they are expecting, therefore I feel that vacancy rates may drop and perhaps rents will go up, effectively voiding interest increases.

I believe I need a mix of +ve and -ve geared…[Read more]

Since reading the book (Nov 03) have done IP3 and think I’ve just found IP4. I don’t quite fit the criteria you were aksing about as did have other IP’s prior to reading the book, however, the book has made me consider having a mix of +ve and -ve properties now.

SIS,
What do you mean you checked 15 mins ago, it takes them 10 days to send your report out (if you requested the free one anyway), or did you mean that you just received your report. My has each loan listed as expected. My sister though, had nothing on her report under the correct spelling, however, with her name spelt incorrectly, it had…[Read more]