I think you should run the numbers first with someone at the bank first.

You might be able to afford more then you think. Once future rental income and deductions are included.

If your income is lower, possibly not the right stage to be purchasing again.

Sold 2 properties last year.
And have so far purchased 3 development sites for the year coming. A 6 townhouse, 10 unit and 10 unit sites.
1 of the sites with a 12 month settlement (longest actual settlement yet for me personally) pretty excited about that.

Looking forward to another good financial year and wishing everybody else gets closer to…[Read more]

Real estate.com does have that search option. See search criteria, house,land,rural etc the bottom should be block of units

Do what you have to do. To get ahead and make a start, id say that idea is better then robbing banks.
Just dont go listing your home address as granny flat out the back of my house.

A little confused is the granny flat a non approved structure on the block. Or are you saying the Usual scenario is to rent a granny flat without letting the tennant…[Read more]

Personal loan at 5.22%,
That’s cheap, where do you bank again?

What Council area?
gotta double check that the envisaged uses if student accommodation is wanted in that council area .
as a general though I’ve seen 5 beds/ separate ensuite in a single house. and some more dense 10/11 people on some sites/ self contained units.

Plus another advantage is whilst you might be able to afford to buy using in your own name currently. you might only be able to support a couple of negatively geared properties before you cannot service anymore debt, which is when you can add your wifes income into it and buy in joint names from then. You wouldn’t be able to do this the other way…[Read more]

Providing your income alone is enough to fund the purchase, then yes,
but you have to think a bit more long term then Just the first 1-4 years of the property.  Whilst it might be negatively geared upon first purchase.
what is going to be the case in a couple years time.  It could be positively geared, so would be better to be in your wife’s n…[Read more]

I use CC to get frequent flyers and that's about it. Also make sure that I sell property with a company that gives a frequent flyer bonus ie LJ Hooker 20,000 points 

My understanding of sham contracting was when a company hire say a carpenter as a subcontractor (he has his own listed Abn and licences) but When actually that carpenter is doing all the work for that particular company. Ie he is actually a employee. In this case the owner would be hiring their own company to do the work. 
I would question the…[Read more]

Depends what stage you are in your property career. If you haven't yet got a passive income to survive through all your investments then is renting the units( for no net cashflow) unless they were positively geared worth it? and also your aspirations for future developments. Selling 3 units out 4 and paying off the debt off the 4th unit (after…[Read more]

Peachy I think stories like. Give you that sick feeling when you realise they were just having you on, because you really are a sales number/ just a customer and revenue source.
I remember listening to one of Steve's live webinars for his 1st tour of duty tour in US. I don't know who was controlling the microphone but after they finished the…[Read more]

corrad wrote:

a difference of only $200K. Why does my PPOR affords me to borrow $450K versus only $200K for the investment property, given that they are the same monthly payment amount of $700 each?

Granted, banks do consider expenses associated with running an IP, however, even if I were to factor for example $100/week in expenses, the…[Read more]

steves course does not give you a cert 4 in real estate services, you cannot act as a buyer or selling or letting agent after his course. It gives you a cert 4 in business. 

Kaplan university have a course that can be studied externally. price i think was 3500 but that was a couple years ago. 

Guaranteed yield 6-7%.
They don't mention the net yield in their figures do they. And they assume things like you pay a 20 percent deposit etc. 

I had to read that 4 times but you just made that really complicated.

so long as A and B are not married. Then they have individual tax returns. which means independent conditions.
if B lives In their half then they get there PPOR excemption.
if A rents there half they get the negative gearing tax benefits and being able to claim half of the…[Read more]

They have already purchased it. So prob no need to talk about advantages and disadvantages of company purchase.

Besides public liability. 
You should obviously have home insurance on the property.
you should notify the insurance company that renovations are occurring. Some
insurance companies wouldn't pay out if your house burnt down whilst you…[Read more]

Wouldn't be that worried about it personally. 
If you have scratches inside and the floors are stuffed when they vacant the property. Their bond will cover it. And so they should cover it when they bring there dog inside. And post pictures on a public domain of their dogs
fighting. Can't really say they didn't bring their pets inside and they are…[Read more]

How big is this room ? That you want to turn into a bathroom? 
Personally a 3rd bed would add more value .  Unless it is in say a upmarket tready suburb. Where that possible room
would generate more return as a walk in room/ensuite for urban professionals etc .

A) do the research yourself and look up it in the development plan for the local area/council 

b) go ask the local council and then get them to refer to the pages in the development plan that refer to the zoning and density for that area.

c) go hire a planning consultant to investigate the property for you.