I think your right there Joe, at the end of the day the plumber needs to be paid, even though the PM did the wrong thing.  I would take care of that, then look into what can be done about the PM.  Weighing up the costs/time v.s. what i could gain. Then possibly looking at just moving on to a different agent. A lot of valuable info in this topic…[Read more]

Remember just because people mention now is not the right time to buy anywhere, and also Melbourne is not being listed as a great place to buy at the moment, it doesn't mean that there aren't bargains out there.  As JacM mentioned, API magazine is really good for finding areas that are good for buying in, it is also good for keeping track of your…[Read more]

Good work Freckle, Joanna good luck with the case, sounds like your agency have a lot to answer for, i hope justice prevails!

My Goals for the next 12 months are:     1) The Wedding
                                                                       2) Small reno's on current IP.
                                                                       3) Eliminate almost all (bad) debt
                                                                       4) Move…[Read more]

Furthering on from some of the points here…. If you have never been to a particular area that you are interested in buying where would you look to find a buyers agent?

Firstly congratulations you sound like you have had a good win on the house you built.  I agree with Catalyst, i think some more information might be needed here, by the sounds of things i think you might have a few other options on the table here that might involve not selling that house.  I'm not as experienced as some of the others on here but…[Read more]

 Hi Shedin, my first suggestion would be to pickup the latest copy of Australian Property Investor Magazine from your newsagent.  They have listed a number of areas in the latest issue, where property is still available for around the +/- 200k mark which with due diligence could result in great deals.

I have gravel/stones the size of 10-20cent pieces on my side access that the house i am currently living in.  I really don't like it and is really annoying as it ends up on the lawn and just creates headaches when it comes to mowing lawns and stuff.  Not to mention it looks untidy when it is uneven from pets etc. walking on it all the time.…[Read more]

I would recommend going and paying someone to come in and do an assessment for you.  There are people that not only do a report for you but also will structure a depreciation schedule for you.  From memory there is a few different ways, to structure your depreciation schedule depending on the way your investment portfolio is structured.  I'm…[Read more]

Hmmm that sounds overly complicated. I’m not sure what your legal obligations are here. Technically your renting the place to “your client” therefore its already under lease, and your are still responsible for it depending on your contract. I don’t know if the client can then go and rent it out again. If he did, who is legally responsible…[Read more]

Also another thing to keep in mind… Your tax rate will change with your higher income from work so it’s a good idea to keep track of where you are going to end up with all of your income. Are the properties bought in both names or in your own name? I think what Luke has written above is good advice looking at your LVR, with the world…[Read more]

Hi Ethan,
Hmmm and i thought i was young when i was interested in property (i was 16). Basically i don’t really think there is much you can do but choose business orientated subjects at school and pay attention. I started saving for my first house when i was 16 and bought it when i was 19. Reading a lot of books is something else you can do…[Read more]

Thanks Terry! I thought this might be the case but i knew someone would have the answer.

Cheers.

I’ve recently gone and taken out both life insurance and income protection. I went through a financial advisor and he was fantastic, i work in an industry that is difficult to get coverage for. I ended up being referred to him through my Mortgage Broker who informed me that they are obligated to offer to have life insurance/income protection as…[Read more]

As some people have said on the forum lately, there is always going to be great investments to be made, you just need to do your research. Yes the media is possibly blowing things out of proportion, but i don’t believe right now would be a great time to be making any kind of investments that are “high risk”. As i believe the GFC in 2008 is…[Read more]

There was a write up in API magazine the other month which said that there is a different land tax threshold for all states, i believe from memory that victoria and nsw are the lowest. Queensland never really used to have one but now it is set at somewhere around 600,000. I think this is why a lot of investors with several properties try and…[Read more]

It’s nice to see some people sharing their stories on here so that all of us who are frantically reading and trying to get ahead can see that it is possible to be successful and its not just something you read about in books. Always good to hear other peoples stories to help keep us motivated.

I am 24 and planning for retirement already i don’t think you can ever start too early…. Planning on retiring at 40-45 though. And not living cheap, im hoping to have enough investments to have about 100k coming in every year, so me and the wife and the kids can enjoy our “Golden Years”. I work long hours and spend 220+ days away from home…[Read more]

Dalby was another area i have been looking at. Chinchilla has really had its boom, so if your after CG i wouldn’t bother, however rent is still good there if you get a house for the right price.

I have a friend who live in toowoomba and he said there is a new development going in out near the university which is something im interested in looking into. I too have been thinking about toowoomba and will be keen too read some ideas and knowledge from others.