Hi Paul,

Just double checked and it should have gone through just then. Also I would be very interested to know how many situations of a house with an attached granny flat you have come across. Also as a slight side note, I’m currently working on a project to split the upstairs and downstairs of my parents place. Our plan was to rent the upstairs…[Read more]

Hi Paul,

Thanks for that, I’ve just sent through an email. I’ll be sure to keep you and everyone else updated on how things progress as I don’t doubt there are others out there who are interested.

Cheers
Rudra

Hi Paul,

Thanks for that, I’m looking in the Logan City Council area at the moment up in Queensland. To be honest I never thought about strata titling till you mentioned it and its something I’m definitely going to look into.

I’ve done research and getting a granny flat put in would cost me about $80k max, however I didn’t include council costs…[Read more]

Hi Paul,

Thanks for that, I’m looking in the Logan City Council area at the moment up in Queensland. To be honest I never thought about strata titling till you mentioned it and its something I’m definitely going to look into.

I’ve done research and getting a granny flat put in would cost me about $80k max, however I didn’t include council costs…[Read more]

Hi Cheersy,

Thanks for that, I do plan on doing thorough research before jumping in and have an idea as to what I want to achieve with this property. I’m definitely not putting myself under any stress, very much taking things as they come. I’m very weary of my 2nd IP as I’ve heard a lot of people say it can have the biggest impact on cashflow if…[Read more]

Hi Scotty,

I would recommend reading lots of books, magazines and forums, this forum has been great for me and I’ve learned a lot or at least it’s prompted me to do further research. I was only 22 when I got my first IP and it’s been the best decision ever, it’s not easy at a young age to get into property and will take hard work but it’s well…[Read more]

I’m still very new to the property investment scene but I got into a couple of years back when a house around the corner from my parents place went up for sale. I was 21 at the time and to this date I don’t know what compelled me to go see the place and with a low amount of savings and some equity my in my parents place which they had given me…[Read more]

Hi there,

From a personal point of view I wish I got into property earlier but was held back due to my circumstances. I’m inclined to say get into it as soon as possible but its all dependent on your circumstances. Have you had a look at your finances yet or worked out what you want to achieve through property?

Cheers
Rudra

Hi Richard,

Yes I read your profile in it and recognised the name straight away. Have to admit I do like reading the profiles in the magazine, reading about the success of others only motivates me more.

Cheers
Rudra

Reading through this and not sure what the go is in Victoria but we are splitting our PPOR and renting off the upstairs. As part of this we got 3 phase power to our property going to 2 meters, one meter is for downstairs and the other for upstairs. Each meter is on a separate account which means separate bills as well.

In your situation I don’t…[Read more]

Hey there,

We’ve just had a request from our tenant if an aircon can be installed in the master bedroom (there is already one downstairs in the living room). We agreed but as a condition we said the rent would have to rise $10 a week but the tenants came back and have offered to pay for half the aircon if we don’t raise the rent (They just signed…[Read more]

Hi Richard,

Have to admit I’m surprised that they were ‘threatening the world’ because of a thread. While I respect the opinions of people on this forum, I have had a great experience with Premium Finance and will continue to utilise them in the future. I use this forum to expand my knowledge and I have to admit all the users on here have been…[Read more]

Hi Belinda,You've probably read my posts and I'm still with them and utilise their services, I've heard through this forum of people having bad experiences with them but personally I haven't. In terms of the property we bought with their help, we used the equity in our family home to get the deposit and costs then took it to another bank to get…[Read more]

Hi god_of_money,I'm not quite sure what magic plan you are talking about as I've never mentioned anything like nor have I said Premium Finance did. My current plan I was referring to is to actually aim for 10 properties by the time I'm 30, and for me Premium Finance have a part to play in that.Again Premium Finance has been brought up in other…[Read more]

Hi god_of_money,

I am a fan of premium finance and in fact they are assisting me at the moment with some pre-approval documentation. They didn’t tell me to use the simple calculation to find out if a property was positively geared. If you read my original post it mentioned that I saw this formula in API, also I never called them a mentor. It…[Read more]

Hi Mike,

Thanks heaps for the report, it helped unbelievably and gave me a better idea of where the market is at in the area I want to purchase. Thanks again and I’ll be in contact in the future.

Cheers
Rudra

I subscribed for the first time last year and I have to admit I've learnt a lot from it. For me its definately worth the subscription and I'll be renewing mine when it comes up again next year.Rudra

Hey Karen,Thanks to your story, it got me into gear and really hunting around for properties in my area. I've scoured lots of pages on realestate.com.au as well as going down to real estate agents. I've narrowed it down to about 15 properties and tomorrow I'm calling all the agents to ask to view the property and put a bid in if necessary. I've…[Read more]

Hi Richard,

Thanks for that and given what you said what do you think of these type of deals? Further on from that are there other methods in utilising equity at the time of purchase?

Rudra

Hi bb8,Theoretically I think it means they can do that. I'll have to go over my loan documents in the morning and see the exact wording of mine.Rudra