I have been highly recommended to Martin Docherty  Real Estate in Cairns by other people that use them, I have changed over to them starting from today after not being happy with Les Freeman RE in Cairns.Hopefully you can cancel your management agreement in 30 days and start a new with a better company.Tracy

Hi Paul, welcome to the forum! If I were you I would spend minimal amount on fixing the property up to rent it out again.  I would then purchase another property with the equity, then either use the extra income from property 1 to help pay down property 2, or just borrow again for a 3rd property etc…..Unless you needed the $100k for some other…[Read more]

I would keep property 1 and use the extra money from it to pay into property 2.Unless for tax reasons you want to change property 1 into both names I wouldnt do it, its not as simple as it seems. (speak to your accountant about whether this is financially beneficial for you)When you are receiving great returns on an investment property – you…[Read more]

It will come in the post I would say. I bought my books at the seminars so havent bought through the website before.Happy reading!

ANZ, sorry I do pay $300 once a year for my morgage package, but thats all, no other ongoing fees whatsoever. Im pretty sure the NAB and other banks have monthly account keeping fees etc…which i think is amazing considering the amount of $$ the banks make on the interest we pay!

Hello Mrtender,Have you looked around for lending? just because you have business with one bank, doesnt mean you have to stay with them.I Dont pay any fees whatsoever with my bank.

Yes, put in subject to building and pest inspection. Just because there is a body corporate, it doesnt mean there are no termites etc…I think you will find anyone else making an offer will be adding that condition, unless it is in tassie where there is rarely a termite to be seen because its too cold!I always put in subject to bank valuation as…[Read more]

I think there is a gremlin in the system with all of those posts! Anyway, If you are new to investing, How to maximise your property portfolio would be the best book to go with. If you have a little bit more experience then the pocket guide to investing is excellent because it has step by step what you need to know and ask when buying property.…[Read more]

Hello everyone, I have just investigated this link and realised that you need the code off the book!!! Sorry people, I am not an indian giver at all, just was trying to help out.  If you are interested you can purchase one of Margaret Lomas's books for about $25 or $30 and get the free software, I think it is well worth it… w…[Read more]

Her conveyancer should have alerted her to any issues surrounding the body corporate considering it is mentioned on the title.  Also, it seems odd that she has never been included in any previous decisions, as if she is part of the body corporate, then she would have been a voting member and have rights on decisions made. A good place to call…[Read more]

Hi Aimee,You will need a cashflow spreadsheet to work out what the + or – cash will be after tax, there are a number of spreadsheets out there, but I think I have a really simple one that I use when looking for property. I also use it when any changes happen to my properties eg: rent goes up or interest rates rise.  IF you can send me a private e…[Read more]

I have bought a place that just needed a paint inside and some tatty carpet replaced. I had the whole 2 bedroom unit painted slightly off white, ceilings, doors walls – the lot. Replaced the carpet in the lounge with vinyl (sounds horrible, but tropical climate in cairns, worked well) this only cost me $1680 to do! Trades have obviously increased…[Read more]

As the Brisbane market is seeming like it is going to grow the most, I would suggest starting from there.If it was me, I would be taking on a few reno projects to turn them into pos cash flow, maybe purchase a small block of units to reno to sell.  I dont know enough about the commercial market, but I am sure there would be some great options…[Read more]

I have looked at the website.  Looking through the T&C's you need to borrow over $450k to be eligable for the grant, also you have to use their mortgage broker etc..It is no different than using a buyers agent that you pay fees to, to find you a property. They may be giving you 2K rebate, but what are you paying them extra to do so? In summary: A…[Read more]

Yes please provide a link for this, as there is no such thing. If a website is offering it, then they need to be investigated!

There are previous topics on your question, have a search through the forum and see what you can find, there are mixed views, but you may find that most of the forumites are investors who do their own research and dont use agents (me included).Good luck with your investing! 

You are best to go to http://www.sro.vic.gov.au which is the state revenue office. There is a link on the left menu for First home owner grants – it has all of the information you should need to check if you qualify.  I would have though considering you have finance approved that your mortgage lender would have gone over this with you?Anyway, good luck with it

It is definately 60 days notice to evict in QLD as I have just done this.Get rid of your property manager, quick smart – give them notice as soon as they have given the tenants notice. You will need to check your original lease agreement with your property manager to see how much notice you need to give them.I have just been through this…[Read more]

 Wow to your great efforts Redwing!I said I would re post when I hit the 1 mill mark, last post on hear we were on $850k but now $1.1 mill value!!Not sure I can catch up to you redwing, but I am going to make the effort and re set some goals! 

Hi,there are a few companies around that do this – just be aware they will charge $$ for commission. Some up to $10k. So you need to decide if you are wanting to pay this, or search for yourself and save your $$.Sorry I havent heard of that particular company