Gemma

I would suggest this sound to be more of a business than an investment, but might prove a good investment in the long run adding value to you rural property.

I would suggest you talk to a good accountant who has experience with rural property, as well as many people that can advise you tha may have similart rural properties to what you are…[Read more]

Credit Manager for beverage company, moving towards full time property investor. Planning to ask for my pay rise in extra leave if I can get it. Tiime is the challenge as money can’t buy it!

Hi Geoff

I grew up in East Ryde and my parents still live their and attended the meeting that ended up decided to stay with current name.

I think the case of East Ryde it will make very little difference to valuations. Why? I do not think much will change in East Ryde (All houses, no units, no ability to DA a sub-division or create duplexes)

I…[Read more]

Sorry Foundation, and all that trouble you went in your reply. If I was talking about shares I’d be on a forum for share investing

This is a forum about property investment isn’t it? Have they got the name wrong in calling it propertinvesting.com

Cheers
Simon C

Foundation

Where in Sydney are you getting or seeing a better yield?

Cheers
Simon C

Totally agree with Terryw here. One hyped up media story does not depict the overall market.

You also have to look where is it and under what scenario they buyer paid the price and was it fair value. Plenty of buyers were paying well over valuation to get what they wanted or simply get into the market in hope the market would keep rising.

I…[Read more]

Is a good yield, but interested to see some other variables to see if it is a good investment too

Hi Kiwinoz

While this is his site and I am not plugging the books because I am not this site I read both the Steve McKnights books and found them credible, easy to read and understand and there in some inspirational stories in the second book.

What they did for me is turn my thought process around, as I though negative gearing was the only way…[Read more]

Hi C74

Looks interesting. Are you a member? I am wonding what else it has besides the ability to default and search.

If they have a large database of users may be useful, but wonder how well its know and how many members use it, More the better obviously, but never going to be the equiviliant to the what RE property managers have access to.

I…[Read more]

Hi Posrsha

It is not a bad suggestions to stay local. Even thought the Perth market is booming, there are still pockets or opportunity, and you could even consider north or south or Perth.

I reside in Sydney, but have read a number of articles in Aust Prop Investors magazine about areas north and south or Perth. Even some bargain areas not to…[Read more]

Hi Daniel

Just to add to Josh-Prestigeloans sensation post, and in particular cross-collateralisation, it can get trick, and also restrictive, or less flexible.

If you have one or more properties securing others, and for some reason you may need to sell a property securing another property, if your valuations do not stack up you could find…[Read more]

Hi Steveaddo

Sorry to hear about the awkward situation. As your flatmate has not renewed the lease, the lease is most likely what is referred to as a “periodic” lease.

Try checking out some information about your rights at the Office Of Fair Trade web site:

http://www.fairtrading.nsw.gov.au/realestaterenting/tenantslandlords.html

If you are…[Read more]

Hi morocco

I can give you my thoughts (have been investing in property since early 90’s) is ou can proivide some more information.

1) What is the weekly rent
2) What are you being offered the unit for (want to check your 4.75% yield claim)
3) What is the body corp
4) What are the rates council rates
5) Are you borrowing the lot or putting a…[Read more]

D

Like the question. Easy one for me to answer. The way I’ll do this is not with a number of any sort. As you point out property numbers are not important. In my scheme of things, they are not even relevant.

My first target is intially to “equal my current gross salary by using low and/or no cash down techniques to drive diversified property…[Read more]

D

I’d have to agree, worse to come, but the economy moves in cycles and you have to move with it. Good management is key!

It is unfortunate some people are getting themselves caught up in difficult situations. Working in credit and risk myself I question the banks generosity, and then realise its a business to them. If you do not pay they will…[Read more]

Hi D

Movement of interest rates are inevitable, wether up or down. For what its worth I believe rates will continue to rise as we seem to be under continual inflationary pressures at present with more to come. I think there is some potential for a spiral effect and I do not envy those making the decisions. Not a lot of margin for error in…[Read more]

When I was growing up you were either a Ford or Holden man. I had always wanted this roaring V8. A 5.8l Ford Falcon 4 speed

I ended up living the dream when I finally bought a white EF XR8 back in 97.

I now have a 2003 Black Ford Falcon BA GT and the wife a 2004 Black Mazda 6 Classic.

Hi Steve

So whats new at PI.com and what can one expect to see moving forward in regard to your direction?

I have attended one of the masterclasses last year and found it enlightening as well as a great way to network. I was also wondering what may be on your agenda for 2007 as I recall you intend to spend more time with the family in 06.

Cheers
Simon

Hi Hutch

Missed that one, where was the announcement?

Cheers
Simon

Hi Lorric33

Nice little portfolio BTW, Congrats.

One thought I had was suggest you discuss with your accountant and/or mortgage broker. Maybe you need to look outside of the big C or perhaps your broker or a well connected broker can unlock some better avenues to get the Big C to see you in a different light!

The post suggests to me you…[Read more]