Love Skiing also,

I’ve got forced holidays over Christmas and New Year and am seriously considering taking off to Canada with the wife to catch a bit of the white stuff. Managed to squeeze a week at Queenstown NZ in August, wasn’t the best snow but perfect weather.

I don’t think we are going to see the same type of boom in Capital that say…[Read more]

Given the number of posting by some people on this site. They have already spent more time this year logged into this forum [computer], than they will, getting some loving in their entire lifetime [love].

Imaging if we didn’t have the 1960’s, these loving stats would be even worse.

Mal

Getting out of your comfort zone, can help you become comfortable

You’re spinning me out Psych, weren’t you just Duchess ?

I know 2 people that got caught not moving in within the first 12 months. They did not have all the bills, electoral role etc changed to the new address.

You can’t make the tenant have the phone connected it needs to be in your name.

Mal

Getting out of your comfort zone, can help you…[Read more]

Robo,

This really does depend on you age and how much you will have in your super fund. It’s probably not worth having a DIY super fund if the value of the fund is below about $200- $250K. Your 14K tax saving will be chewed up in Audit and management fees in about 5 years.

The problem with Super is that you loose the power of gearing. You either…[Read more]

Hi Shelley D,

I had exactly the same situation 12 months ago, tenant constantly requesting maintnance on trivial issues, for some things that any bloke with a screw driver and hammer could fix themselves. I was glad to see the back of them, even though they paid on time or in advance.

Got a new tenant, then the aircon went on the blink. D’oh.…[Read more]

Hi thek,

I’ve been a fan of Cairns for a few years, since it was opened up as an international airport about 3 years ago. I expected things to go up in the region, but I also think the reason that things took off as much as they did was becuase of the Vendor Tax in NSW, shifting NSW investors interstate but away from the traditional SE QLD.

To…[Read more]

Hi Andy,
Believe it or not you just got started. Getting the fire in the belly to do something about your situation is the start.
There is no easy way to get started without a deposit, but start learning and researching while you save.
As you obviously live in a country area, that’s where some of the best cf+ deals can be found, most people can’t…[Read more]

If you haven’t had a depreciation schedule done for the IP, you can have the valuation included as part of that.
Try and buy furnishings that allows them to all fall in the LOW VALUE POOL for higher depreciation.
I generally would not supply linen only the bed spread to match the other decore in the room.

Don’t forger, wall hangings (painting,…[Read more]

Homepath – 6.46 % no fees, with redraw (min 2000). nothing fancy does the job.
Use them for my IO IP loans.
Extreemlty frustrating to deal with 10 different customer service people in the finance approval stage though.

Mal

Getting out of your comfort zone, can help you become comfortable

Hi TWO,

I always use a Solicitor/ Conveyancer that works in the State and region where I’m purchasing, contracts are different in every state and a local will usually pick up on things. A local will know the types of non standard searches to do, Soil etc, depending on the area. It may even be a good idea to ask for a longer settlement, if doco’s…[Read more]

Seem to be more popular in Perth to have Lease Agreements with an agent, to source the tenants and look after the lease paper work, bond etc. Then hand it over to you to manage the property yourself, collect rent, attend to any problems, do inspections. Much cheaper option.

Mal

Getting out of your comfort zone, can help you become comfortable

I agree with Dazzling for the most part, with a couple of exceptions.
1. If you are in a house with cathidral ceilings, go the tiles, they are much quiter in heavy rain, as you have no roof caverty to absorb most of the sound.
2. If you live in a bushy area or will have trees overhanging the roof. Colorbond stains and very noticably, especially…[Read more]

If you want to use a preasure cleaner, you can ask Sydney Water for an exemption for a period of time on a specified date. They will likely give you a 2 hour window in which to do the work.
We did it about 12 months ago.

Mal

Getting out of your comfort zone, can help you become comfortable

Hi Krs,
I’ve twice given up full time work, 1st to pursue my passion of cycling, 2nd to go back and educate myself full time to change careers from accounting to IT after realizing that my forte was in the design of financial systems as opposed to being a user of them.

Not what you were really looking for as an answer, but, although I didn…[Read more]

I had a tenant sign up in January this year. The place was still dirty because of a bad tenant that was in the place when I purchased it and I subsequently had evicted. The new tenant agreed to take the place as it was and do the cleaning himself, if I waived the first weeks rent. Sounded like a good deal to me. He has since repainted the place…[Read more]

hi teacherk6,

I thought that was what you were saying but grossrealisation threw me.

Yes your bank will likely charge you the nominal fee related to a cash advance, say $2.
If you say withdraw $2500 ,they will charge you intrest from date of the dithdrawal interest at 16% on the $500 new credit balance.
If you withdraw $1900. your only cost will…[Read more]

Christmas is a great time to buy, you can pick up some great deals.
There are always those people that have tried to sell during the Spring without success and the closer it get to Christmas (as things slow down), the more likely they are to accept an offer that 2 months earlier they would have knocked back without a second thought. It becomes a…[Read more]

Hi Goanna Girl,

This is really an individual thing, but it should be treated as any other business. You must have a certain level liquid assets or immediate access to cash to meet current and known future obligations.

I always have redraw/ loc equivelant to 3-6 months of all Interest and Expenses. I only have a few properties, and this may not…[Read more]

Hi Vernon,
May help if you advise the Suburb or area !!
I’m using Prime Realty in Joondalup. Have only been with them for a few month but they have looked after me to date.

Some more seasoned WA investors may be able to assist better, depending on the area.

Mal

Getting out of your comfort zone, can help you become comfortable

There is currently a 2 bedder available for $340 pw. in Proximity.
As for Darlinghurst there appears to be a rather high vacancy rate there at the moment.
Check out http://www.realestate.com.au for suburbs Darlinghurst and Wolli Creek (not Arncliffe).

Wolli Creek is a new suburb created over the last few years, with a very large development going on…[Read more]