Hi Vinay, yes welcome as well and investing is all about learning and reading forums like this.I am slightly concerned that you say you are about to sign a contract for a house and land package but you are still not sure what the rental yields are or about the area!!!  This is something you should already know by now where you can very quickly…[Read more]

DFT ??? Sorry not sure what you mean….Sam

Derek thanks for the info – yes i wouldnt have 5 properties all negative geared – just wouldnt be viable…Also we have structured the properties in a higher percentage to my name as yes my wife will be off work again next year for 12 months… have thought this thru…I am not a reno person either but i wouldnt be doing any huge reno.. mainly…[Read more]

Thanks Derek and lillystar – NO THANKS to Juliet !! Derek what you are saying is exactly the approach I am taking – my 2nd IP which will be ready by the end of year will also be negative geared ( both my wife and I make an ok income so the tax benefits are there ) and the 3rd IP will be an under valued, some renovations, rent and re-value… but…[Read more]

Rose, you mentioned in your post you are in your full year of your NRAS property but you are just getting tenants next week – why the delay ???? was there no demand for NRAS ??I thought there was demand for these type of properties and they are lining up to get in ?? Well that is the spiele I am getting from those trying to sell them off as such.Sam.

Tried emailing you direct but it says you are not accepting emails !! Not sure what that is all about – I have recently purchased in the Logan Council area and pretty happy with it.. again long term, but rental is pretty good – in high 300s… has a lot going for it with its proxmity to both Brisbane and Gold Coast…

Thanks GJ for the info – sounds very promising… would have to move fast to get the $10K bonus thou… but northshore sounds the pick of the bunch……… will check this out.. and keep you posted…Cheers.

Thanks moxi10 and mattsta… but with regard to the mining towns are they not just short term ???Buy a house for $500K and get $1400 per week will produce a postive cash flow in the meantime but will these properties maintain their value or will they drop down at some point in the future and loss occur ??I would be worried long term or are they ok…[Read more]

Thanks Engleo10.., that I guess is my point, where I don’t want to end up not able to move forward to IP 3 or 4 as all properties are negative geared.. Will keep that in mind. Just trying to find properties that arebpostive cash flow might be the trick..

Richard thanks for your comment – the fact you have 40 investments nearly paid off is a…[Read more]

This topic interests me… As before going onto my second IP and the way forward I am trying to get my head around where to go with regard to my portfolio.. But I think the majority agree it depends on your circumstances.. As you get closer to retirement whatever age that might be you want your portfolio to be capable to be positive, assuming you…[Read more]

Wow G.J. you have done you research… yes I was looking at NRAS but you are right what happens if the goverment changes and they scrap it or change the conidtions.. also i dont think the banks really like that sort of an investment for borrowing power… I have last year built a house in Marsden QLD which impressed me with a number of new…[Read more]

G.J what was the outcome of your research in Townsville ?? Have you decided if you are going to invest there ?? I am looking at my second IP and considering Townsville but not sure if that is the place to be although heard good things…thanks.Sam.

I recently built a house in Logan area and rental yeilds are good… Wouldn’t expect them to grow much in the next 12 months but after that I can see some big things in some of the regional qld areas and just out of Brisbane…

But as always dont put all your eggs in one basket..

And agree I would always go for H & L package and not a unit…[Read more]

Laury, the debt comment you mentioned is interesting.. Our parents always said never owe anyone anything, not realizing the difference between good debt and bad debt…

I can sleep quiet comfortably knowing I am 1 – 2 million in debt, assuming that if I sold everything today I would at the least break even but more importantly walk away with…[Read more]

Property Seeker, what was the outcome on your question? I am not in your position but hope to be in. 5 -7 years.. Then what happens? As in how can one retire if the CG has not happened yet and some properties are still negative… Just wondering before I get there.. Wondering what you have decided….

Sam.,

Sorry should have provided the financials… We have about $300k in equity in PPOR and an income after tax of $8k per month, with 1 dependent. The 1st IP has $420k of IO loan with no other debts…

We don’t have any deposit to talk about… Our hope would be not to go down the renovation track but thanks engelo10 for the reply..

I was hoping…[Read more]

Hey, agree with itsandrew… Have a look at posts by euro73 plus do a search on google of nras and the official website. I am looking at this for our second IP and from all the research I have done I can come up 3 things to keep in mind.

First location and price is very important.. Make sure that you look at the investment not as a nras with the…[Read more]