Where is the property Rob? Is it your only property and are you self employed or a on a salary?

Swany,I have a few loans with different funders. However I find it easy to manage by having one main savings account (with the CBA) that I utilise for transferring direct deposits for the interest repayments on all the loans. It also acts as a day to day account with a credit card and cheque book attached. I run a 100% offset account alongside the…[Read more]

Trance wrote:
its a brand new property which has just completed.. so no point in reno or anything… just building up $$ now but first we have to get a tenant in that building….

What's it worth?Shouldn't be a problem getting tenants. I rented a new property out late last year and got a premium for being new. House was worth around 400k and…[Read more]

Trance wrote:
Coomera

Well that's a good start. Coomera  ( gold coast ) is definitely a great area to invest from what I've heard. I am just south of the qld border and property is growing strongly here.  Did you buy a new dwelling or an older place?Ian

Trance wrote:

Ian Landy wrote:
Hey Trance,Where exactly did you buy your 1st property?

QLD

Brisbane?

The Gittens article definitely gives credence to those commentators who are suggesting to purchase property in areas of middle to higher affluence. I think Bernard Salt suggested this in an API magazine article a couple of months ago. I guess that is what is contributing to the current 2 tiered market in places like Sydney.

Hey Trance,Where exactly did you buy your 1st property?

Interesting reading Trajic,Ross Gittins poses the point that debt is not such a great problem at the moment?Check out his article. I bet you know that the past 15 years or so have seen unprecedented, almost unbelievable, growth in the debts of Australia's households. It's always easy to find figures on how much we owe and the media always give…[Read more]

Trance wrote:

Ian Landy wrote:
Where are you living now?Ian

At present in the process of moving to QLD more precise Toowoomba but have no plans at this stage to invest there as its very much a dead part of country.

I think they've had recent rains which has brought the place back to life after a shocking drought.  Just trying to think on…[Read more]

[/quote]Do you have any thoughts or pointers for a newbie like us?cheers. [/quote]I rekon that market timing and property selection would be pretty crucial for you. I have had good success by buying duplex size blocks and creating instant equity by doing the small development project. This takes time and energy to complete a successful project…[Read more]

pendo wrote:
What a difference to what started as a negative post!All the bestpendo

Hear Hear Pendo Best wishes to you Anne and Brett ian

Trance wrote:
G'day,Our very first IP has been completed as prev mentioned. Talked to our broker and he reckons that we should wait a while now till we a bit of equity build up on this IP. But where to from here? What if you don't want to wait for say another 2 yrs before another property? What can we do, other than to live on noodles and rice…[Read more]

g_man08,Too risky I agree. It's only pos cashflow if you have a tenant. Otherwise YOU are paying the bills and interest and it becomes a major liability. It may also be more difficult to get finance for this remote property.Be Careful,Ianps: do some reading and research of successful investors before you jump in – there are plenty out there with…[Read more]

Hi Glen,I think that if you have the time to do your own research and have the will to do the legwork then you may not need a club or buyers agent. It depends on how much participation you wish to have in building your portfolio. You will ultimately need a team of experts to guide you if you wish to have a growing portfolio – eg: Mortgage…[Read more]

Hey Ed when you coming to Byron Bay area?                Just Joking!    For those who have been looking, it seems that wealth4life (or someone else) has attended to removing the forums from the website.

Bardon wrote[/quote] Yes your right here but the risk is that some naive person might conversley do something silly based on that small element of incorrect information. [/quote]Yep I guess that's what naivety is though – acting on some pieces of advice given on a forum by someone not so experienced like me!Oh well I hope that maybe someone will…[Read more]

I haven't had to do it as I have been self employed for many years but I am sure you can backdate ABNs for the 2yrs?Is this so?cheers, Ian  

bardon wrote:
The information on these forums is worth as much as you paid for it.

Sorry "Some of the information on these forums is worth as much as you paid for it." In my short membership period I have read some excellent advice from people who have obviously had  plenty of  real life experience. These folks help to maintain a forum of hi…[Read more]

michaelparis wrote:
I was curious and went to her website, as her name is unknown (she is branded by her domain.) Well, well well…….went to her forum link and page and under the Property category and the General Property thread (that has Q & A on all property related topics) were links to pornography.

Hmmm. Disturbing. Well spotted mate,Ian  

Scott No Mates wrote:
Secondly, if council/Land titles office permits, go for a sub-division, values are better (if notional) but sales are easier as each property does not require the other owner's approval for any works (ie easier to hold without body corporate issues to manage).

With respect Scott,I think this is true as far as final values…[Read more]