Hi Will,

What I’ve found over the last 11 years I’ve been living in the area, is that there are good spots and not so good spots. I pick my investments in the area very carefully to do avoid certain spots.

I think sometimes it makes more sense to rent where you want to live and buy where the investment makes sense, however you really need to…[Read more]

Hi Will,

Yes you are definitely right about properties in Logan being snapped up quickly. To be honest I’m seeing people offer some ridiculous money for some properties that just seems too high.

I live in Kingston and have properties in both Woodridge and Kingston. I think the type of tenants you get is very much dependent on the property…[Read more]

Hi Will,

I live and invest in the Logan area and I think a lot of it will come down to how much you want to spend and whether the house will be purely a stepping stone to your next property or if this will be an actual home.

If you want to rent out rooms then you probably need to decide what type of people you want to be renting out rooms as…[Read more]

Hi Serge,

Just to clarify under the present planning scheme for Logan City Council I don’t believe you can rent out a granny flat separately. The council currently says the main house and granny flat must form 1 household. This is expected to change with the new planning scheme where they will be introducing dual occupancy (dual key). However it…[Read more]

Hi Jamie,

Thanks for that, I've got an appointment with my accountant and solicitor to discuss this. I was hoping to be able to deduct the investment stamp duty as I worked out it would bring the cost back to that of a owner occupied stamp duty.

Cheers
Rudra

Hi Richard,

Thanks for that, I think I had a similar thought and realistically will have to wait about 2 months before we will have the savings and equity available.

A Discretionary Family Trust is something I have considered as this will probably be the first of many IP's we purchase together. 

Look forward to meeting up with you and everyone…[Read more]

Hi Terry,

Just looking at the TrustMagic book at the moment and noticed the pricing of it ($99 Hardcopy – prefer that to the PDF version), would like to know your thoughts on the book before I go out and buy it.

Hi Aussie Guy,

I agree that the prices of these new developments are on par with the old queenslanders which are closer to the city. However if you look at house prices for established houses the same distance from the city as these new developments then there seems to be a significant price difference (between 50k to 100k based on my research).…[Read more]

Hi Nguli,

Yes I believe it has already kicked in, very interested to see how it affects prices.

Hi,

We recently had our PPOR valued and was advised by the valuer who did the inspection that built in robes do increase the value of the property. That being said I'm not sure in terms of dollars how much of a difference this made.

Cheers
Rudra

Hi Chris,

My PPOR and current IP are with separate banks so there is no cross-collateralisation and the new property will not be cross-collateraised with any of the existing properties. What I am doing is getting a loan form my current bank and taking that money to another bank for my 2nd IP.

I recognise my serviceability will be hit, but…[Read more]

Hi Richard,

Thanks for that, looks like I’ll have to wait a little bit longer before I can go down that path unless I do voluntary contributions. Look forward to reading your e-book on the topic.

Cheers
Rudra

Hi Chris,

I will be using equity for the deposit so essentially I am borrowing 100% plus costs, I guess the real difference here is where funds are secured against. Do I try secure a majority against the new IP and pay LMI or do I stick with the 80% and use the equity funds for the 20% deposit and costs.

Cheers
Rudra

Hi Catalyst,

Thanks for that, realistically I’m not in a great rush to expand as I am only 24. However what I have found is recently is that I will find property that according to my calculations are close to neutral but can’t act on it as I don’t have the funds at the ready. Hence what i was thinking is to buy my 2nd IP in the first half of next…[Read more]

I’m not an expert on this but how you obtain funds to do a renovation on an IP should not impact the claiming of depreciation. No doubt some of the more knowledgeable people on this forum can confirm that.

Cheers
Rudra

Hi Richard,

Just out of curiosity what do you see as the minimum amount required to buy property via SMSF?

Cheers
Rudra Radasandaran

Hi,
I just listed mine on Gumtree and paid the $1.99 to be listed on page 1 and received 686 views in 3 weeks with 5 replies via the form on Gumtree and about 10 phone calls. I think it is definitely worth it given it’s free to list with an option to pay if you want to highlight your ad etc…

Cheers
Rudra

I am in the exact same situation as you both and also live in the Logan area. It’s a very tricky situation as the council website does not have information regarding high set houses and dual occupancy. The Logan City Council classify dual occupancy as duplexes etc… however this was just on their website and you would need to obtain further…[Read more]

I’m very much in the same situation as you mixedup and have been considering whether to get my next IP in my name or in a trust. While not married at this stage, I am investing with my parents to assist me in building a portfolio to assist both them and I. Will definately be doing my reading on trusts to get a better understanding.