Forum Replies Created
The other area that can make a difference is good lighting, whether adequate number of light fittings or well placed skylights. Street appeal is also important, have a defined path to the front door, good outdoor/security lighting and a tidy, easy care garden. House numbers although not necessarily increasing value, are appreciated by tenants (who would want friends to be able to find their new home easily) as well as any delivery or emergency vehicles value easy to read and find hosue numbers.
cheers
sonya
hi everyone i,
don't know queensland very well, any suggestions as to where to start looking for investment properties? not sure if anyone will be willing to share their 'secret' knowledge or info, but i won't know unless i ask.
cheers
sonya
Hi Mike,
sorry for the delay in responding to the free report you sent thru. it was great to receive this and confirmed that i was getting a great deal. unfortundately vendor pulled out of sale. So i will continue looking for good investment properties in victoria. Anyone looking to invest in Victoria, Mike offers an invaluable service. many thanks for your generosity and assistance
cheers
sonya
buying a house in 1991 for $66K rented it for $120 per week from the start and paid it off in 18months, should have payed the interest only and bought more property with my positive cashflow
second mistake selling my house that i owned when i started a new relationship, relationship now ended and starting all over again.
i read a good book title the other day "a man is not a financial plan' sooo true.it was interesting to read that you think people are more educated today, but what sort of education ahve they got? education to get a job or financial education to allow them to be financially self supporting , not reliant solely on a job or a pension (which won't exist when i am of an age to retire)
we need to be sure that we are educated financially in order to be able to be self supporting because we all know that the government is not going to do it. all you have to do is read today's paper to see that the people who helped to make this country what it is and worked so hard paying taxes all their working lives, thinking that the government would look after them in retirement, are now living well below what should be considered acceptable in australia in the 21st century.
hi another factor that you haven't mentioned is what will you lose if you sell? i e what will be your exit costs such as CGT, agents commissions, solicitors fees etc. factoring in these costs is it better to hold rather than sell?
from my understanding as long as you have a seperate account for each investment property that produces statements showing monthly interest payments then these can be claimed back from the tax office. therefore use your access account to pay deposits on new IP then have seperate loan accounts for each new property. as you draw down each deposit amount then you will start to pay interest on the money drawn down for deposits as well as interest on each individual loan. be sure to keep accurate records such as bank statements as well as any paperwork from solicitors regarding their costs in settling each sale it is important to ahve seperate loans for each property so that if you get into trouble paying for one property you won't be putting all properties at risk as you would be if they were all linked together
