There are tons on the internet for free. Just try cash flow calculators. Remember you need to know the water and sewerage costs , council rates and insurance per annum. Don’t forgot them :)

If no one ends up wanting them maybe take them to your local library :)

It shouldn’t affect anything plenty of houses have sewerage pipes running under them. Congrats on the first IP. The first is always the favourite of the portfolio :)

Classic Terry

Sorry to hear about your business income :/ hopefully it picks up soon. I’m in the process of setting up a SMSF. They are not for everyone though. Make sure you do plenty of research as a lot depends on your end goals/requirements. Redwood Advisory has a lot of information. I could be wrong but from what I can recall you still need serviceability…[Read more]

Good to keep buffers in place, playing it safe is normally the best option :) good luck I’m sure you’ll achieve your goals :)

You really need equity to build a substantial portfolio so I would sway more to the first option but then again its all got to do with your goals and end game plans. Are you looking to build a large portfolio? Have you talked to a broker you might be able to put down a 13% deposit and pay some lmi(it gets relatively cheaper at 87lvr). @coreybatt…[Read more]

Too many variables. what happens if one person got divorced, sick or died? The other parties would have to quickly pay them out or you have to sell some of the properties. I don’t mean to put the idea down, I mean it could possibly work well in a family situation but you wouldn’t want random people involved. Are the Apra changes holding you back…[Read more]

As others have stated Regional would be your best bet for cash flow. Could squeeze some CG out with a renovation. Bathurst, Albury, wagga wagga and everyones favourite broken hill.

I’m actually working on a ultimate investing spreadsheet set at the moment with all different calculations. I was looking at the formula to work out CGT and it’s well @ucking complicated but in your case with the 50/50, So many different tax rates over the years. Pay someone to work this out for you. I do have tp ask though. Has the property been…[Read more]

Every single person has a different goal/dream. What may work for me may be terrible for you and vice versa. Read up on as many different strategies and sit down and work out what suits you best and then find a good broker and start becoming a multi millionaire :)

Richard your such a pimp :)

Its already gone up quite dramatically if your looking for short term you’ve probably already missed the boat but if its a long term investment it still has plenty of potential IMO

Not relevant to the above posting never used rocket group but thanks Ian for your inspiring YIP magazine in 2010 from memory. I was a low income earner at the time and from all the postings and articles from magazines/forums I always remember your story. 10+ properties later cheers for the motivation and inspiring story

I wouldn’t be worried Daniel I’ve seen the same post on heaps of different sites. Obviously a disgruntled person but if they are willing to go to so much effort to spread it around I’d say it would probably be more false information trying to hurt his reputation in every industry ive worked in everyone loves to complain. I know a few people that…[Read more]

Hi Sam that’s what I do with my portfolio. I try and use the same method. Buy 1 with 20% deposit(capital growth) use equity from 1st to buy cashflow repeat etc I was lucky that I got high growth quickly. Your young like me when I started so you have the most important thing on your side which is time. It depends on your long term goal and if your…[Read more]

I think he might have been banned ‘due to his lack of opinions’

Hi Johnny, Congrats on the purchases I started when I was your age and on a low wage I’m getting a bit old now my 26th birthday was the other day :(. The best advice I can give you is to change with the markets a lot of people set goals with how many properties they want but with the different economic cycles its best to try and know the markets…[Read more]

Hi Jake,
I agree with Corey regarding the finance. I have one property with a 50/50 share with a friend. I’ve never had a problem so far but the most important thing is to both have the same goal regarding the property. Will you use equity in the future together to repurchase or sell etc you need to be in agreeance on the future of the…[Read more]