The next meeting is tonight and Nathan Birch is the guest speaker….. http://www.propertymeeting.com.au

Ah, beautiful ranch wall!  Can definitely be painted over – check out the photo in the bottom right hand corner of our web site where the wall with the heater has been painted: http://turnersbeachapartments.yolasite.com/ Just light sand, correct undercoat and paint as normal – we don't worry about filling in the grooves/joins, just make sure th…[Read more]

Hi,
What sort of yield are you seeking in these areas? There are some terrific buys in the market right now in quite good areas, depending on the yields you are looking for.
Cheers, Tracey

Interesting thread with you mortage guys battling it out on the technical bits.  The banks will do what they do, as per the agreement and it's unfortunate if you feel you've been mislead.  I'd be looking at what the break cost is, compared to what I can now borrow the money for ie. if the penalty is 1% and I can now borrow from another lender @ 1…[Read more]

Jim, it's unfortunate that you had so many difficulties in your storage business.  Thankfully we've had a very different experience with our small facility.  Having them managed by the local real estate agent means I never have to deal with our clients.  Of our 30 we currently have 2 that are slightly….several actually pay 12 months in advan…[Read more]

Hi Richard

Does the existing strata-titling make any difference to the NAB?

Thanks, Tracey.

I believe that NAB have been doing up to 7 recently.

Thanks for the update Dianna…hoping others will do the same for people who can be there!

For us, we figured out how many $ per year income we needed to quit our jobs and when we wanted to be in that situation…..May 2014 is our date!

Since then we’ve been collecting positive cashflow properties, improving them to increase the rent and also doing other development projects for lump sum gains. Whilst I’ve been eyeing towns in Qld and…[Read more]

Hi WendywooI'm with Engelo – a 6% gross yield wouldn't work in my portfolio so I would not consider it to be a good deal.  But, for others it may be a good deal – depends on the end goal and investment strategy being used to get there.When purchasing I always ask myself:  Will this purchase take me closer to my goal or further away?CheersTracey

Thanks Kristin – excellent explanations.
Cheers, Tracey

Contact the local council and they may be able to provide you with a postal address of the owner.

Don't have any books to suggest but this website has some solid information on it: http://www.selfstoragesalesaustralia.com.au/index.ews

Thanks Nathan, since you won’t be in Tassie any time soon I’ll look forward to seeing your Sydney presentation! Thanks too for the link to your previous seminar.
Cheers, Tracey

Sure thing.
Our weekly rental rates on the website and we are a shade under the others so are fully occupied most of the time. You’d need to check the market rates in your area.
Our gross annual income is $48K and net of almost $37K after the following expenses:
Advertising; Pest Control; Phone; Power; Rates; Water; Property Mgmt (@12.5% by local…[Read more]

Sure thing.
Our weekly rental rates on the website and we are a shade under the others so are fully occupied most of the time. You’d need to check the market rates in your area.
Our gross annual income is $48K and net of almost $37K after the following expenses:
Advertising; Pest Control; Phone; Power; Rates; Water; Property Mgmt (@12.5% by local…[Read more]

I think you might be trying to describe the margin scheme – if you are check out this thread https://www.propertyinvesting.com/forums/property-investing/help-needed/4335989 I'm not an accountant or solicitor but I think whether you can use it depends whether the margin scheme has been used during any previous sale process on your land.My s…[Read more]

How low is the deposit?
Is it for you to occupy or have tenanted?

Cheers,
Tracey

I do these on a back of an envelope rather than a serviette as they don't fall apart! What you've calculated looks reasonable and a quick calculation like this will certainly tell you whether it's worth further investigation.  There may be easements, overlays, access to services etc. etc. that will change these numbers but they're a good…[Read more]

Hi Jackie

Whilst the market may be very slow and he may not have been impressed he should never be rude. I’d walk and find an agent who wants to work to keep my business and sell my properties!

Based on the quality of your previous projects the properties will be well finished and presented so around $300K should be on the money.

I have found…[Read more]