Thanks Guys,

So if I find a place; and the Trading Post is a good place to start – how do I then transport it? I’m guessing if it crosses councils i.e. the house is in one council boundary and the target site is in another, I’m going to have to get approval from each council for the transport. Or is this an MTA area and they’ll give approval…[Read more]

Hi,

Not easy to do at all Bridgebuff – I’ve had a couple of goes at it but get cold feet because I can’t nail it down. This is the way I’ve talkled it;

Talk to as many REAs in the area as you can – maybe get them to show you through similar places on their books. They’ll also have an idea of what type of dwellings to build.

Get RPDATA on the…[Read more]

Hi AO,

I would think it’s a must. A good building inspector will turn up any faults in the building including the internals of the unit in question but also the common areas that affect the body corporate – and if something like dodgy roof trusses or wall ties are found and the age of the building is under whatever the age needs to be for the…[Read more]

Hi AJB,

Is your gut feel that the rent is too high? If not … I’d set yourself a time limit and stick to it – say a month from now – so you can build in a worst case scenario and put it into your budget – and ask full price. The real estate agent sounds suspect if they’re not talking things over with you and offering advise and alternatives.…[Read more]

Hi Tanya – I think you can do it yourself, learn a lot and save a bundle in the process; 2.5 – 3% of the average Sydney price (can’t remember what it is, say about $500K) is over $12.5K. Wow – for sticking a couple of ads in the paper, a big sign out the front and showing people through your house.

I’m not sure where your property is but we did…[Read more]

And to you Dr! May the New Year bring prosperity and happiness to you and yours.

I would certainly like to offer a win/win situation for all parties; I guess if they were willing to sell me/let me have access to the driveway, I’d offer them a fair price and extra landscaping along their border with the other houses on the street. And you’re right tassiecyclist, they’ll be wondering what’s in it for them – it has got to be at…[Read more]

Hi ET
1. Investment clubs..I’ve been to a few of their seminars “The Investment Club” is one, but I’ve always found out afterwards that they are ‘builders/developers’ trying to sell you property overpriced so I’m avoiding them now

2. No
3. No
4. No
5. Trust or IP in own name, When I started investing I talked to my accountant about doing it…[Read more]

I agree with Yack, pay out your credit card debt first as they can charge upto 18% interest which would be pretty steep on 25k. Then put the remainder in your home loan as this isn’t tax deductable and will help to build up your equity..[biggrin]

tammy,

You have a loan at 110k with rent potential of 200pw, with an average of 75% running costs you could get ~150pw income on the property or $7,800 py.Taking 250k at current rates over 25 years @ PI means you’re paying approx $1,600 pm mortgage or 19k py for 25 years. Assuming that you haven’t made lump sum repayments on your loan and that…[Read more]

Hi,
You asked about where you can get a longer term IO loan….ANZ have 1,2,3,5 and 10 year IO loans at reasonable rates..[blush2]

Hi,
When I buy another Inv Prop I investigate at the time which is the best bank/institution with the best deal for the loan. I’m currently with 2 institutions and find that I have now built up a relationship with the loan mgrin the 2nd bank – ANZ. With this relationship I can negotiate deals/discounts and providing the purchase is good , get 100%…[Read more]