Thanks Michael

Thanks so much APIM – I really appreciate that
Spocky

The worst case scenario is when there are no tenants and the landlord has to go and work in the brothel to meet the loan repaymants

Thanks for that – I did actually try it last week but I had difficulties…the program updates system files and as I am at work the administrators wont allow that. I will try it at home. Does anyone else have an app in excel?
Thanks,
Spock

Hi Quasi,
my q relates to sourcing the property. I spent nearly a year and well over 100 inspections to find my PPOR so Im hoping not to go thru all that again to find an IP.
I guess if I could narrow it down to 2-3 suburbs I could get to know that area well but then I really want an area with positive gains as well as CG and I dont know which…[Read more]

Thanks Hiliary,
does that then mean doing a renno/face-lift before renting out? That would be cash outlay in the first year of aquistion which Ive heard should be left to the second or later years?
I do take your point though if it looks a bit run down it may just need a tidy up – is that the idea?
Spocky

I didnt know anyone would still want to purchase these given the high vacany rates in the CBD?
Also the developers/marketers subsidise the rent until the guarantee period ends thenit drops off
Be careful

Thanks Andrew,
Well my goal is to own 3-4 properties to fund my retirement in about 15 years time. I would aim to hold 5-6 by then and sell off a couple to pay out the IO loans. However, the other difficulty I see is that of cashflow – I can set up one IP but it would be a long time before I can get a second one if they are neg geared. I have…[Read more]

What are the capital gains like if that’s not a dirty word?
Spocky

Hi Fullout, and everyone, I am totally new to this but could you please tell me where on earth you can buy a property of $83,000???
I am in Melbourne and keep being told to buy around 10km from the CBD but $250,000 is the starting price for small 1-2 bed units. They will of course be neg geared at about -$100pw. Please help.
Spocky

quote:
Hi…

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