yes there is a separate internal laundry, quite large actually… houses the washing machine, drier, sink, hot water system and room to put in a broom cupboard. had thought about the idea of knocking out the laundry wall to extend the kitchen, but don't want to do anything big and just focusing on cosmetics. Besides, its part of the appeal having…[Read more]

thanks for the tips, will definitely hunt around other similar apartments and see what they’ve done…

Fairly sure the lender will match names on the loan to names on the title – so if you alone are on the loan, they would want your name only on the title. If you are one of two parties on a title, the bank would see your ownership as 50% unless otherwise stated and potentially only lend 50% of the cost. But not 100% sure of this. Quite sure of the…[Read more]

Hi Epsom,

The most important thing to remember is this:

PPOR – your mortgage and related costs are not tax deductible
IP – interest and borrowing costs are tax deductible

Your goal should always be to reduce your non-deductible debt, and use the deductible debt to leverage your investments.

You have a PPOR with a decent amount of equity in…[Read more]

Hey Bayer, I’m in Results 2011 (we just started this week) and am in WA. They do have one group catch up in Perth, and then 3 other interstate ones. Not compulsory to go, I’m aiming to go to the first one in Melb and then decide after that if I’ll fly over for others also.

In Perth there’s also the Active Property Network monthly meetings, cost…[Read more]

interesting, thanks Maree. I love the idea of double head showers and will look at this for our future PPOR that we’ll build in a few years, but don’t want to spoil my tenants that much Plus if its rented out to a relocations company and its some single guy brought over to Perth for work it might be a bit depressing!

Are you talking about an IP…[Read more]

if you did buy it, would you be self-managing or trying to find a property manager? I think it could be harder to find a property manager for room-by-room basis, and you need to factor in vacancy periods, especially over long uni vacation. Consider offering tenants incentives such as reduced rent over vacation periods and allowing them to keep…[Read more]

wayoutwest wrote:
Hi Emma,I'm chasing a broker at the moment, could you let me know her details.Teza

wayoutwest – couldn’t send you a PM, looks like you’re not setup to receive messages.

She is Michelle Medhurst at Worldwide Group, Claremont.

http://www.worldwidegroup.com.au/staffProfile.php?staff_id=2

Tell her Emma Rohrlach recommended…[Read more]

Jamie – do you have techniques you’d like to share about how you manage such low vacancies?

you could always try putting an ad up on gumtree too? loads of people there looking for accommodation. depends on your target market for tenants, as gumtree does tend to attract more younger couples, single parent families, student groups and some single mature age tenants. well in perth it does at least!

Could you make your ad stand out with…[Read more]

Hi Natasha

I’m very happy to recommend my broker, she’s been fantastic to deal with for two IP purchases and for my husband’s FHOG PPOR. She is an excellent sounding board for ideas, investments, loans, super and insurance also. Michelle also has multiple property investments herself. Contact Michelle Medhurst at Worldwide Group:

Website:…[Read more]

Hi ccpat, you might have more luck posting your query in the "help needed" forum.Cheers, Emma

p.s. i probably should have put a disclaimer in there that i’m no professional and not suited to giving personal advice! lol, its just my thoughts and does not take into account your current financial position. I think first things first have a chat to a good broker about your options, and see if traditional lending would be available to you, and…[Read more]

Mark Nolan wrote:
…I have a burning desire to get stuck into the principles he outlines and I want to develop a solid and strong positive cash flow from property in the next 2-5 years…I currently rent in Annerley, Brisbane for $425/week but was wondering whether getting vendor finance to purchase my own residence may be an option. I would be…[Read more]

nice PM you’ve got there Landt! Of course I’ve got rid of mine, went through two at the same agency, both rubbish. never again. but now trying to sort out this mess myself… bugger

quick question as it seems relevant in this thread – where do you find info about if a house is DOH? I know in some councils with e-maps you can see ownership of land and if its listed as crown land with a house on top its a fair assumption its state housing. But is there another eway to research % SH in a suburb, or locations?

Dloy wrote:
I didn’t sign up this year but will definitely do so next year as that’s when I’ll be making my first IP purchase and think it’ll suit me better then.

The program is designed for those ready to invest now, and its suggested you have access to minimum $20k, either in cash or equity, before commencing the program. So perhaps the…[Read more]

I have also joined. Thought about it years ago, but ended up buying a one way ticket overseas instead and becoming a backpacker I got in touch with a lot of people about RESULTS to seek individual feedback, and finally committed on Wednesday. I spoke with Brendan on the phone a number of times, found him to be friendly and helpful.

From what I…[Read more]

Hi Holly,

Agent has agreed on Wednesday to “finalise” things with the tenant for no further charge. Nothing been done yet about the toilet. The issue with the toilet was he discovered when he visited the property that the toilet seat was covered in mould and said he’ll have to sort this out with the tenant. My thoughts are that the tenants moved…[Read more]

i think there should be a rule on this forum that first time posters are not allowed to name companies… call me a sceptic, but the only commenters above with opinion or question of this company are all first time posters. posting months and months apart, just to bump the thread.