Hi James,

I did a lot of research into this, and very long story short concluded that providing an internet service was not going to make me any money, and beyond that the quality of service to tenants was not going to be good enough to be worthwhile.

The costs are high;
-CAT6 cabling
-network hardware (access point/s, router,…[Read more]

OK thanks guys. I’ll give this a wide berth for the time being.

OK, thanks Andrew. Good point RE inclusion of services (electricity/internet) actually reduces the tenant’s commitment to the property and thereby makes it easier for the tenant to leave.

Hmmm. That’s two out of two responses AGAINST providing internet access. Interesting, and not what I was expecting…

OK, thanks for your response Jeff.

Yeah, getting finance has been sooo unbelievably difficult and convoluted.  I wont name the bank, but it's a bank in the west.After running the serviceability calulator umpteen times since initial application in July/Aug, they finally agreed that my wife and I could service the loan. What that sorted, the application proceeded to the lending dep…[Read more]

Thanks Terry, appreciate the rapid response.  Would you expect the bank to do anything differently in assessing the viability of my loan going forward.  Are they going to want to see Company Profit & Loss each year, for example?  To assess the ability for the company to service loan?(Or is it like an investment loan for a residential rental prop…[Read more]

I'm buying a property that requires a commercial loan (6 units on 1 title).  Getting finance has been like drawing teeth-  it has literally been a 5 month process.  With settlement due at the end of this week, the lender has just told me that they now also require the loan to be within a discretionary trust with a company as trustee.I'm trying to…[Read more]

Thanks Richard and Michael for your valuable responses.Michael: the other lender I found that was willing to do 80% residential loan, pulled out because the units didnt have individual laundries.  I havent heard of that one before….

Hi Scott No Mates,Can you PM me RE properties returning good yields too.Cheers, Toby

Just so that I'm clear here;1. Vendor Financing is not something that you can get unless the vendor is offering it, right?  If you want VF, then at best you can ask for it, but it's the vendor's call at the end of the day whether they want to give it to you.  2. Which means VF is something that can only be used as a buyer in some (presumably s…[Read more]

The main point I'm taking from this and other threads, is that cross colateralisation can put your PPOR at risk, if you have X-colat'd with IPs (because the IPs could turn sour).  Lesson: dont mix PPOR and IP loans together.Are there any terrible problems associated with cross-colateralising strictly IPs only?  I like to have cash on hand (ins…[Read more]

The property is in Adelaide.You did well to answer my last reply- I accidentally sent it off incomplete…sorryI was going to say;To clarify, the 'Existing Use Rights' are at risk of expiring if;1. the property has been left unused for 3 years.2. you change the way the property is being used.  eg. Change its use from manufacturing site, to a wa…[Read more]

To clarify, the 'Existing Use Rights' expire after The upstairs section is the only part that could be used to live in.  Downstairs is 900sqm of open space.  Good point RE separating the domicile entry point.  That's do-able.Can you suggest ways to best assess the demand for warehousing space?  Obvioulsy, speak to agents, look at current for-le…[Read more]

Thanks Scott, the current tenant vacated about 2 months ago.  I'll keep the 3 year expiry in mind, and the point about considering the long term best use of this property.  Redevelopment / Sub division would probably be inevitable down the track- that's something I need to understand more.  Do you think that I may be able to get a higher LVR from…[Read more]