Take heed of Jay's advice!My last visit to the USA was spent recovering properties stolen by exactly the same type of criminal as Jay talks of.Full title insurance,a lien or lis pendens on valuable property you own can be just the thing to deter all nasty types. When you sell, you get your attorney to 'lift' it from the property so as to get clear…[Read more]

This is the property managers fault for not following up on the references. These do not take a week – <moderator: delete language>. I would argue that we found the best possible tenant and the prop. manager screwed it up, end of story, so rent is not due. See you at arbitration court…. that's if you can be bothered.…[Read more]

Probably not because of the date of redraw and the date of rental, but best to check with your property accountant. There are other issues and benefits with regard to renting your previous PPoR. Best you check out the possibilities.Ianwww.theblockblog.comFree Property Investment Info, Tools & Resources for Investors … with a Sense of Humour.

Use a semi gloss as well or gloss paint. In fact in a rental these are best throughout, as marks wash off easier. You may never wish to live in a glossed up house yourself but doesnt matter for renters. Saves you time and money in the long run.A good extractor fan over the shower will get rid of 80% of your steam and moisture problems and as…[Read more]

You shouldn't be surprised that an agent would come back to you with "NO DEAL". You offered $5k over the $295k. May as well try though. What is positive is the agent has told you what the vendor wants @ $320k What is the house worth? Do you have an independent valuation? If so and it is under the $320k mark then present it to…[Read more]

Hi PaulI think there's a difference between a "mentor" and a "guru/spruiker" and a "coach" for that matter. A guru spruiker is probably selling you their product to invest in, a coach may not be the best property investor out there, but knows how to get the best out of people and a mentor is a person who has walked the walk and is probably still…[Read more]

Hi Nathalie,Welcome and congratulations on starting your property investing journey.Some good advise given above and I'd reiterate that you will need to educate yourself as much as possible without complicating things. Probably the easiest way to begin is to keep things small. Start with a small project in an area you know well. This way you do…[Read more]

grantos_champos wrote:
In everyone's experience, how many properties is too many for a PM to properly manage and keep both sides happy? Any numbers someone can throw out there?

ONE Ianhttp://theblockblogFree Property Investing Information for Investors With A Sense Of Humour.

If you buy the land now at below market value, factor in 2 years of holding costs before you build. Will a similar block, if you can find it, be less or more than that figure to buy, 2 years from now? What is the difference estimate?If you buy another IP, will you be better off financially in 2 years considering possible capital growth, if any, of…[Read more]

Hi RayIf you have finance issues because of current savings, age, bank assessment of your employment etc, then consider using an individual finance partner's money for the project. It could be your sister but she may have similar issues with obtaining credit, I don't know, but going into a joint venture partnership may be your only…[Read more]

Jack Flash you're like an unrelenting pitbull. Love your work.Engelo, just make sure your PYA strategy is in place  Ianhttp://theblockblog.comFree Property Investment Info. Tools & Resources for Investors with a Sense of Humour.Life's Too Important To Be Treated Seriously!

I have had to sign the bank doc and register my 'official signature' with proof of ID, in person. My business partner, who is out of the country must personally sign signatory ID forms if he wants access to the business account. You will also be asked for your tax ID either employer tax ID (EIN) your Soc Security no;, which you won't have, or your…[Read more]

In theory, you are right. Buy the IP, then use whatever equity to help purchase your PPoR. You still need to cover the loan on the equity + your res. home loan, if you were to get it. A lot of people forget that using equity is still borrowed money. It ain't free. Will your combined incomes support your IP leveraged to the hilt AND a PPoR?The…[Read more]

Hi rustyUsing your first scenario of ending up with $30k income after 3 years, then concentrating on buying properties with a bigger capital gain potential, one problem you will have straight away, as Terry pointed out also, is available funds to a) raise your borrowing power because you have little or no equity in the houses you have bought and…[Read more]

Hi Daniel,I take the option of risk management first. Rather than look at buying multiple properties ' straight off the bat'. look for one in your price range. ie based on what you can borrow now. Lets say that Michael Chan is correct and you can borrow somewhere between $170 – $260k, then look for a property that you can buy in the lower range…[Read more]

No not a scam. This is another option for finding listings. They have a much better search criteria that I wish realestate.com.au and domain.com.au would instigate.If you are in the buying mode, then 'investar' will provide you with another tool in your kit. Not sure of the cost currently, but for the short term while you are searching, it may…[Read more]

Where in atlanta? Time frame…. What stage exactly are you at? Maybe give a few more details and myself or someone on the forum can point you in the right direction.Ian http://theblockblog.com Free Property Investment Information, Tools & Resources for Investors with a Sense of Humour.

hahahaha – like it.Ian http://theblockblog.com Free Property Investment Information, Tools & Resources for Investors with a Sense of Humour.

Gday W0mbat,Seems like you havent got a clear concept of where you want to go with the properties. Whats the outcome of buying them? What do you want to achieve? If you want to develop them, then the property with the biggest land area and most useless house is the best buy to start with. The one purchase as opposed to 2 would also not put you…[Read more]

Hi Minidaz1Haven't heard of backyard buying companies, but it always worth following through with a turnkey operation like that to, at the very least, get a summary of costs. This may help you compare to the costs you would incur if you were to go it alone. You can also assess whether the fee they charge is worth paying for your time if you were…[Read more]