It depends what your goals are. Tasmania works for our strategy – we have cash flow positive investments on the North West Coast.

At the moment there are some well priced properties available – we are currently considering some more units near Devonport. To give you an idea – asking price is $125,000 per unit and they rent for $175 per week.…[Read more]

It depends what your goals are. Tasmania works for our strategy – we have cash flow positive investments on the North West Coast.

At the moment there are some well priced properties available – we are currently considering some more units near Devonport. To give you an idea – asking price is $125,000 per unit and they rent for $175 per week.…[Read more]

Well done on finding a strategy that you’re good at and it sounds like it’s working for you.

To answer your question – if you’re happy with how your strategy is working for you and it’s taking you towards your goals in the time frame you’re happy with I wouldn’t change a thing.

If you want to make some chunks of money to pay down the debt…[Read more]

Hi Argyle

We live in Tasmania and all our property investing activities are currently here. Our investing strategy is a little different – we buy high yielding property for our hold portfolio, purchasing below market value which provides an immediate capital gain. Sometimes we need to do something to those properties after purchase to improve…[Read more]

Thanks for this detailed explanation Terry. There was a similar post a few years ago which I found helpful at that time and again this is really clear. I always second guess myself having some of our properties owned in a company because be are trading. (The other long term holds are in trusts.)

I like that when I stop working before an age…[Read more]

Thanks for this detailed explanation Terry. There was a similar post a few years ago which I found helpful at that time and again this is really clear. I always second guess myself having some of our properties owned in a company because be are trading. (The other long term holds are in trusts.)

I like that when I stop working before an age…[Read more]

Why do you want to change to a residential loan? We have a commercial loan with ANZ for our unit block (due to density even though they’re already strata-titled) but the interest rate/fees we are paying are comparable to a residential loan.

As others have said – keep your end goal in sight and always check the total cost per annum for the loan…[Read more]

Well done Andrew. Always nice to collect those stamps from the council. I hope there’s not too many difficult conditions on the permit. :-)

Very well done for taking control of your retirement now. Certainly sounds like you have a clear plan and are on your way.

Must be something about the late 30’s as that’s also when we really got moving.

I’d be interested to hear how it all goes for you.

Cheers.

If council permission/subdivision is not required and you just want to measure the power and divide the power bill according to usage there are metering devices which your electrician can fit for this purpose.

I think there are better much better, lower risk options in Tassie getting those sort of yields and agree with your points in your follow up email.

You mention the Asian tourists (I’m guessing seasonal workers) who are on a visa – up to 2 years and then they are required to return home unless they have a work sponsor. I don’t expect they’ll have…[Read more]

Is it advertised as Sandy Bay or Dynnyrne?

Hi Solomon,

Agree with JacM,yes, there’ll be both if you sell for a profit.

T

Hi Stephen,

If there has been no interest maybe it’s not the marketing but the price. Whether it’s a good deal is not just about the yield. What have been comparable SALES in the area – same number of bedrooms, age, condition etc. etc. Is your price at, above, or below other properties that have been sold recently?

I’m guessing it’s rented…[Read more]

A property with multiple options to profit would be my preference.

Is it possible that the one currently not zoned for development could be?

Make sure you explore ALL options so you can be comfortable with your decision.

Cheers,
Tracey

Hi Marcus

I did the RESULTS program and am still using what I learnt regularly in our property investing activities. Check out my comments from this post in 2011 as they are still relevant https://www.propertyinvesting.com/topic/4403010-results-program-2/#comment-232241

I know someone who did the Bob Anderson course and found it good although…[Read more]

Hey Brian30

I like your goals you set for yourself for 2013. How did you go achieving them?

Cheers,
Tracey

A starting point is one person provides the money and another person the time and then the profits are split 50/50. The assumptions in this are that the money partner has the cash but no time and a time partner has the expertise but not the cash.

There are many, many variations on how JVs might work and it depends entirely on the skills and…[Read more]

Hi Samantha

If you’ve got the cash to go straight to commercial investment I say go for it. Make sure you surround yourself with the a team of people who have experience in the areas that you don’t. You don’t know what you don’t know when you’re starting out. (I joined a mentoring program just after I’d started investing and what I learnt has…[Read more]

Hi Hot Stuff,

I can only agree with Benny. Some (many) Property Managers find it all too easy to ‘phone a friend’ at your cost, rather than working through the obvious first. At the end of the day it’s their job to manage your property properly, it’s your job to manage your property manager.

If it makes you feel better we once replaced a hot…[Read more]