Hi,
I believe the over 55’s units are good low cost entry into investing or a great general cash + investment, which supports debt servicing as ones portfolio grows.
One key item is the Manager – what is their tenant turnover like – if the tenants are not happy they will move on like any property. See what seniors competition is within a 5 or 10…[Read more]

Hi Jenny,
I agree that if internal & not load bearing no problem. If load bearing I still don’t think you need permit, just structural calc’s to ensure is safe by an engineer.
With the fence, I know you may need a permit with some councils in Vic.
Have a look on your councils website with all this stuff, usually informative. Maybe ring them and…[Read more]

Hi Sanjiv,
Your strategy sounds good. I think the Dandenong area has been a little under priced in general the last few years, not too much though. I was looking in Eummemerang ( or however you spell it) not too long ago.
I think you need a property of reasonably good standard, close to public transport, etc in this area.
I agree that the…[Read more]

Hi Wayne,
great success story on the back of great capital gains. Great equity available as foundation to continue to grow portfolio.
I think most property investors get to a point where debt servicing restricts growth during the building of a portflio.
Cash +/+geared properties should always allow growth, but most of us know that capital growth…[Read more]

Have 14 props (ex residence) with current LVR of about 60% – plenty of equity left. Cost about 7K pa to own before tax – positive after tax. 1st one approx 10yrs ago, next couple over a few years, then got into it. Could have done a lot faster but was very conservative back then.
Target positive geared when possible, but always cash positive after…[Read more]

Benalla has its fair share of low income population, of which some can be a bit rough. Seems like a reasonable buy without knowing/seeing the properties. I suggest they would be cash+.
For a Lawyer try Jeff Francis on 03 5721 8300 if you hav’nt found someone yet. He is from Wangaratta but does a fair slice of Benalla’s legal business – not much to…[Read more]

Hi katfrat,
ask for referee’s, ask for randam selected with names starting with a particular letter so hard for them to specifically select. They may not give to you due to privacy issues, but say you just want name & phone number.
I have found PM with larger rent rolls with multiple staff in dept do a better job and larger franchised agencies…[Read more]

Hi Pipe,
add 12 to 15K equity to what you have got, use your time to find a small 100 – 120K or so IP thats CF+ and your away. Start small – grow over time. No equity – got something to sell to get more starter cash????
Get your noodle working hard enough and you’ll find a way. get into it.
Ronny

Your expenses are deductable anyway. Sounds like what your asking is, for example, can I have a vehicle as tool of trade, claim full cost/expense, etc aginst income of work done on your own property.
Theoretically you could do this but with little advantage or significant increased risk of claiming unjustifyable expenses – could be dangerous.
I am…[Read more]

Keenaz,
one way would to be get out and look at deals, do the numbers, study the market/s, look at what ifs, Study prices, movements, returns, cash flows, etc.
Put the time in when you can to learn as Dr X suggests.
best of luck

I am told and hear that lenders don’t like less than 50m2 but I have not had a problem, using equity though – so I suppose any more than 80% LVR might be a problem without other equity or the balance in cash. Your student accom deal seems too good to be tru.

I concur with other posts, but remember in addition to the completed value, presuming you will hold for a time and rent out, research earning potential. If in a large development they will probably all come onto the rental market at the same time so may have to wait a little longer to let. Look to offer or add something to differentiate from the…[Read more]

I reckon half of you are bored

Hi,
I don’t know about a bust or not. I do know good yields & deals are harder find, but CF+ still around in Aus, just need to be patient and keep looking, maybe think a bit differently. I personally don’t see a lot of future with neg geared – restricts no of properties over time, gearing, servicability, etc. Little capital gain currently so CF+…[Read more]

Hi,
you have a few goals. list them and prioritize. get some professional advise on best how to achive the goals and maximise use of cash. In regard to purchasing an IP – do from a pure business/return perspective and a distance away from you, so you don’t spend half your time looking at it – the novelty wears off over time anyway, especially as…[Read more]

Hi BG,
I have looked about in most of the area’s you mention in the past two years. Maidstone probably the best – In the “ring”, has had a fair bit of price growth but maybe have more to go. This area of western suburbs gaining momentum. Seymour & Churchill overpriced now maybe and as you say limitd markets. Melton may have some potential over…[Read more]

Hi Clones,
I am far from an expert in all markets, however with a little equity you can purchase a cash positive property with someone elses money, cash on cash return can be huge. Also can use equity and gear on trading markets but probably not more than 50 or 60% – cash on cash return much lower. A company can go bust and dissapear up its…[Read more]

Indigo V
get a cf+ property with little or no money down. Use a bank garuantee as deposit – see what equity you have available, it may be more then 10K. get advice and a good Bank Manager or funder – build a good relationship with then – you will be surprised what one can achieve – there’s plenty of others cash out there to use. Find a way to…[Read more]

Hi Beegee,
why not do both. Get cash+ IP as well as pay down your mortgage as much as you can or even faster over time. You’ve got plenty of equity to borrow against – if you purchase and is CF+ and/or +geared you can maintain or increase rate of mortgage reduction. There are plenty of other influences & factors such as lifestyle, aspirations etc.…[Read more]

Hi there. My experience is if that everyone is talking about it, its either old news or close to it. I’m with Mort Hunter – they are around you in Aus and antwhere else, just have to look and look some more.I’m sure there are good deals In USA & NZ also. Subscribe to API magazine and find out what is old news, so you may not waste time looking in…[Read more]