Hi all

Thanks for your replies and i’ll try and address some questions.

Dr.X
The vacancy rate for the townhouses is virtually nil. This particular townhouse has never been without a tenant.

Management fees under the current PM are 7%.

The townhouses i have looked at similar are around $300000.

I had an independant valuer do a valuation and…[Read more]

Hi all

My apologies[jerry].

What i mean by position is your preferences to the position of the property you may look for.

For example some people like corner properties because or certain factors.

Othere only coastal or inner city thats what i mean [specool]

Cheers
SG

Life should NOT be a journey to the grave with the intention of arriving…[Read more]

Hi Carlin

Sorry to hear of your dramas with this individual. I went to a session held by consumer affairs on this sort of thing perhaps geive the them a ring the chap is helpful. I forget his name but if you are interested PM me and i fish out his name for you.
They did say that the RTT takes the view that everyone is fair and resonable.

The…[Read more]

Hi all

How do you find investing interstate from where you are in these smaller towns re: due dilligence etc.

Camder
I have been looking at this type of investment myself eg 3 units. Are they on one title or strata.

How do you go for property management in these sorts of towns.

regards
stargazer

Life should NOT be a journey to the grave with…[Read more]

Hi all

Thankyou all very much for taking the time to reply.

She is not one to sit down and read on this sort of thing at this stage and expects me to arrange things for her.

As much as i am trying to encourage her to do so.

I feel knowing her at this stage a deposit into a higher interest bearing account may be the way at this stage.

Property…[Read more]

Hi

I don’t think it is that far fetched TMA to just use purchase price according to what i have read. I am not saying its the best way.

Simply….Gross Rent/ Purchase Price

So as per our example:
290*52=15080/200000 *100=Gross yield=7.54%

Including Purchase Costs
15080/210000*100=7.18%

15080…[Read more]

Hi

I would like to see the following:

1) At what point should asset protection be a serious consideration. Some say before you start your portfolio others say a few in your own name then look at trusts etc.

2) The different types of Trusts and there Pros and Cons.

3) How to interpret info whilst doing the research. eg indicators that a…[Read more]

Hi Don and Liz

Thankyou for your thoughtful comments.

People say money follows management! Tenant selection, maintenance, maintenance programs, insurance, (landlords and building), finance (product selection) finance (debt reduction), record keeping and accounting, monitoring capital value and rental yields, meeting tenant needs to increase…[Read more]

Hi people

Thanks for your responses.

Don and Liz could you elaborate a bit on your reply to spread the risk and concentrate on he management.

Yes it is to get motivated as i have been still this was because i had structured incorrectly and was bascially at the banks mercy at the time.

I have rectified this now so i am looking at which…[Read more]

Hi loungeact

I was in similar circumstances when i was a bit younger than you.

The promise i made myself was that mum would never not have a roof over her head and the residence would be as close and handy to amenities as possible.

We bascially shared, with her pension and my small wage and what was hers was mine and vice versa.

After having…[Read more]

Hi all

Try http://www.upmarket.net.au

cheers
SG

Hi all

Interesting views there seems to be two camps.
The yes its great
The No its a a recipe for disaster.

Steve Navra has been a strong advocate of this strategy. No i haven’t done his course or met with him.

From other posts i have read he does advocate
1/3 Proeprty 1/3 shares 1/3 cash but most important keep your equity working.

From what…[Read more]

Hi all
Thanks for your responses much appreciated. i am finding to hard to get my head around this trust thing. If someone could explain in laymans terms it would certainly help.

This is my understanding so far:
Trusts are use for:-
Asset protection
Distribution of funds to minimise tax.
(I have read on some posts that the proeprties may be at…[Read more]

Thanks for your response Rob

I would not bother with a LOC but take another loan as a split instead.

Sorry Rob i am a bit lost here could you explain this to me.

regards
SG

Hi Rob

I always try and leave any investment property at 80% LVR with an interest only loan if there is a non-deductible debt. I also try and place as little debt against the PPOR as possible.
OK. Lets get down to some numbers i guess as i undertand better your direction

I was actually going to increase the Loan to $120000 as to have a $20000…[Read more]

Hi all
Robert good to see you back although i read that you may be going to greener pastures.

I ask the questions in light i have transferred my IP to another lender. This IP is 80% LVR.

My PPOR is with my current lender but it makes sense to me anyway to transfer my PPOR over to the new lender because of a package arrangement so no ongoing…[Read more]

Hi all

Well i have had alot of calls soliciting and i use to do it myself.

The thing is that most have a script or some info that allows them to move foward as in
“are you the home owner”? answer is always NO i rent the place. End of call they can’t get your business because you are not the owner.

So listen for the first question and you are…[Read more]

Hi Mini

“An exchange of energy”….great stuff and excellent way to look at it.

Cheers
SG

Hi Mini

Thanks for your input i always find your posts refreshing and have a get up and go slant to them which is great.

When i said it’s not for me that is in the context of spending thousands. I have heard of seminars for $3000 i at this point cant justify that.

$500 and knowing and recommended by fellow investors would certainly worth…[Read more]

Hi all
Does it really matter how many properties you have. Its not a race and not everyone is in a position to run out there and just buy buy buy.

I find it hard to agree with the sought of amounts charged for some seminars.

When a person is making so much out of there own investments and they genuinely want to help i feel that charging…[Read more]