Hi Gaurav,

I’m in Defence aswell(RAAF) and have had to sort out similar problems. The advice given so far is all good. I will just add one thing though. Take advantage of the fact that your receiving rent assistance. I live in Canberra and if I had to pay the REAL rate of rent in this City I could never afford to buy IP’s.[]

I personally am not…[Read more]

quote:Dear Ronulas, Surely people moving into a town of
three thousand population could afford to buy
their own house.Can’t be too affluent if they can’t borrow $80k for a corrigated iron (tin) shed.Possibly a ‘lean too”,perhaps!!!!.

Hi Bruce,

I did not say that the people living and working in country towns were affluent, just hard working.…[Read more]

Bruce Bruce Bruce,

I was not even going to bother responding to your post but can’t help myself.

Your comments only make me feel better about my own level of knowledge when it comes to PI.

quote:The same goes for these country towns, most of your tenants are unmarried mothers.Grovelling so you won’t increase the the rent.(They might offer
to…

[Read more]

Firstly,

What reasons did the agents give for the property not renting. Are they valid? eg is the rent too high? By the tone of your post you don’t think so. If there is no obvious reasons then just advertise in local shop windows or drop some flyers in letter box’s and your property should rent no probs.

On the other hand if there is some…[Read more]

OK – Here I go. Been employed in the Royal Australian Air Force for about 13 yrs. Specificly within the I.T. and communications area.
Great Job but it will never make me rich so I want out sometime in the near future.
Thanks

The whole idea of IO is not to pay the priciple. You pay the price for IO loans ie Higher interest rate, fees ect. I would not treat a IO loan like a P&I loan for that reason.

I am assuming that your IO loan is for an IP. If that is the case then there is no point in paying it off early for whatever reason. You can only claim deductions on the…[Read more]

Hi,
This is not a hard question to answer at all.

I would reduce the debt first. Paying of bad debt is liberating but is sometimes hard to swallow because you feel like you have nothing to show for it and I know it is very tempting to want to put the money into something that will make you money, but at the same time you lose alot of the money…[Read more]

quote:
I’m thinking about writing my own software, PS I was at the richmastery seminar last night in Canberra.

What did you think?

Yes, thank you for that.[]

Hi Guy’s,

My name is Ron. I’m 31 yo married to Lydia We have 4 children. Have been in the IP business for about 5 years without realising it. We bought our little house in Country Victoria and renovated a bit. I’m in Defence as a Network/Systems IT Manager. We were posted to Canberra which is where we are now. House has been rented now for about…[Read more]

Hi Ishita,

This may come from the far left and I don’t know your situation but here is my two cents anyway.

Please correct me gently if anyone disagrees.

Why buy a piece of realestate at that sort of cost for such small returns? With the properties I am looking at the house/land with tenant or not as you please will cost anywhere between $30…[Read more]

Hi Lizzie,

The town only has 3000 people? Be careful. Not a lot of people to ensure constant rental. Because its so cheap you can probably get away with it for a while but is still lost income.

What does the town offer? Why do people live there. Is it an ageing population or is there some local industry?

These are the questions I would be…[Read more]