Thanks for the link Brady5 its got me thinking just a few questions for the pros on this subject out there.
Can you withdraw the profits if you bought a cashflow positive property or do you need to reinvest it within the superannuation limits?
Also how does the members thing work? Can unmarried partners pool their superannuation money together to…[Read more]

There is a few Australian sites out there that can give you a pretty accurate quote of what it should be, you just put in the details size of rooms etc. I forgot what its called but it has plumbing, electrical and tiling etc shouldn't be to hard to find with a google search. I used it for carpeting rooms and i had a tradie match the price the…[Read more]

UNI-POD, UNI-PAD etc  technology is where it's at for students

YIP for the win

Sorry to hear about your situation. Have you approached your lender about struggling to make repayments? I've heard of some lenders being kind enough to delay repayments. Hope this helps.

Yeah you only need to look at the sinking fund to make sure it has plenty of money. I fell into the trap of buying a strata unit with low sinking fund and then 6 months later they added and extra $200pq into the sinking fund. Its caught up now to the average strata sinking funds but the special levy isn't going anywhere

#26 my favourite number

There is no harm in trying to put in a low offer. What is there to lose? The agent will want to make a sale, no one is going to think less of you for trying to save money and what do you gain a bargain property . Last year I saw a property for sale that was close to being cash flow positive which is what i obviously what i aim to get. I didn't…[Read more]

Never dealt with them but read Richard Hoskings bio article in YIP magazine a few years ago and it inspired me to be where I'm at now. Guy knows his property very well.

Wish they would Victoria and I would become best of friends

Wish they would Victoria and I would become best of friends

I'd go for a property that needs a little work paint need floorining kitchen etc(minimal outlay 5k or less) add value and increase rent. Great way to lay the foundations for a successful portfolio.

JacM wrote:
OK I'm going to say it out loud.  I contemplated making my own replacement kitchen cupboard doors.  By removing the existing doors and tracing around them with MDF or something for the new doors.  I didn't ponder it for too long as I soon realised the dwelling needed a full reno anyhow so I did a full gutting and reno.  I will be…[Read more]

Yeah they might have some problems with the no IO loans lol

Thanks guys

Thanks guys

Are you looking at proper units or the managed ones through hotels/motels etc? I remember looking there a few years ago but it was hard to find a unit that wasn't part of a hotel or motel and they have very high management fees.

Yeah I'm sydneysider as well. forums are a great tool also the hundreds of free books at your library. Its interesting to find books on investing in the 80's and see what past generations were doing to become successful investors etc.

Possible. I think you would need a very large income, a lot of rural properties with 11%+ yields and a lot of determination/passion.

coolharry67 wrote:
Hi all,
just considering rendering my home and then i thought can i do it myself?. so i am just after advice/opinions on what is the difficulty level of DIY rendering. what do i need to consider, any pros and cons or is it best left to professional tradies.
my Handy man skills are absolute basic and i have never done a big…[Read more]