Some of mine are crossed but i never have any plans to sell them so i haven't had any issues yet. Depends on your strategy. If you think you might want to sell in the forseeable future I would avoid it.

Your the man Freckle

Not the brightest bunch but they do pay on time

*just

I recently had a tenant complain to my property manager that the lounge room light was too bright. Hopefully your tenants are more civilised than mine

It's a terrible idea to borrow money to borrow money. If money is a problem have you looked at refinancing to free up some equity or had a look at a joint venture or Vendor Financing? 

I'm with Catalyst on the cheaper sides of things. If the market turns how much more do you think a 150k house can fall compared to a 500k house. Theres not a lot of room to go backwards and best case it stays stagnant and you still have your cashflow. As other posters have stated it depends on your strategy whether cashflow or capital growth and…[Read more]

You need to seek legal help immediately. This happens way to often and it can take forever get these people out. If the utility bills are in your name than you are in big trouble from the financial side. If the water/electricity is in your name I'd consider cutting it straight away and see how long they can last with no hot water and electricity.…[Read more]

Cosmetic would be the best option.Cheap things like light fittings,door handles, blinds, mirrors and tidy up the gardens lawn. They are cheap and effective ways and you'll still have money behind you which will also help.

Painting and carpets would be an idea to increase value. I wouldn't see much point in a second bathroom in a 2bedroom house or a veranda(unless you built it yourself it would be expensive and i don't think you'd get the equity back from it) . Have you considered a 3rd bedroom. Sometimes the cheapest and smallest thing can add value so scope out…[Read more]

I 'toad'ally like that idea…bazinga

I'd go for CG in your first purchase. Just to start off strong. It doesn't mean you can't have both though. Renovations/deceased estates are great ways to boost cashflow and purchase under market value

That is extremely expensive for a lounge room…we had our upstairs stairs/3 bedrooms and a entertainment room done for $1540(the carpet is good quality too). $780 off that was just the stairs have you looked at putting floating floorboards in? Im by no means a handyman but it is super easy to install yourself, looks good, very cheap and easy to…[Read more]

Catalyst wrote:

The Dark Knight wrote:
I invest heavily in albury region.

Why?

Hi Catalyst,
I know its not going to be a massive hot spot or boom overnight but its an area that has plenty of potential for medium to long term growth also all the properties I have there are 9.8 or higher yields(good cash flow with current interest rates)and…[Read more]

As Jamie said I'd try and keep all IP related expenses out of the LOC otherwise thing will get messy at tax time

I invest heavily in albury region. Prices have grown a little but I think thats more due to investor activity(thanks to low interest rates). Depends on budget but there are plenty of opportunities there. They don’t have any major infrastructure work planned but they have a large number of smaller projects in the pipeline

Ive done the management my self before and it can be worthwhile financially but it can take up your time. If youve got plenty of free time id recommend it if not id say just say property manager but do interviews to try and locate a good one. Don’t want to sound rude but if you find a bitchy property manager they probably aren’t going to put up…[Read more]

The idea of borrowing money to borrow money is never a good idea. Have you thought about a JV with a family or good friend.

As my username states i love anything batman and this harry dent guy sounds suspiciously like harvey dent so i automatically don't trust him. On a serious note though things like this pop up all the time. I wouldn't read too much into it negative news is always the best news. Ive found the best way to build a portfolio is by been positive

As above said sell the one with the most equity or the most troublesome(annoying tenants)lol Sydney is ridiculously overpriced so you'll get a quick sale and personally in my view a overpriced sale. Pay down your debt and live off rents/cashflow. Another option could be to vendor finance and get some extra cashflow.