Recent content by bojangles

Yep :D I think i might become a developer too ...:D

Minto? Minto's got nothing=Zero going for it. I'd go for Ambarvale hands down. There are some nice properties out there. I'm actually thinking of selling one of my IP's in Manly West(QLD) and buying in Ambarvale. CG might not be the best... but will finance another purchase with the rent return..

Smart? MY dear friend, the only reason I'm still a (small time) property investor is because of the encouragement that came from Rixter. If you think he made a 'smart' comment to you.. well i think you may be easily offended.. so take it from me... He's one of the most experienced on here...

Yield Hi MTR, Could you give us an indication of the particular suburbs you bought into for IP 1and 2? I've got 2 IP's that are -vely geared, would love to get one with your sort of yield to offset my holding costs. Thanks

Well Last May I bought a 3x2x1 townhouse in Calamvale and in december I bought another 3x2x1 in Manly West. Rents are 370 and 365 respectively

Money talks? In India itself, Sai Baba draws followers from predominantly upper-middle-class, urban sections of society who have the "most wealth, education and exposure to Western ideas."

LL insurance Mate I reckon youre pretty right. The excess is high because of the high turn over of residents on short term basis which for the insurer increases the risk of claims.The management takes the money upfront dont they? for short stay?

Westpac The loans with both IP's are through WBC wealth package deal. My LL insurance is with them because the package gives me $100.00 discount on excess with any claims. So some claims I pay no excess at all.And the rest I pay $100.00.Pay by the month helps cash flow and i think that their...

Good start FF, its all good that youre doing all that, but are you using the services of an experienced, investment savvy broker to structure your finances? Something to think about..

It's very sad Unfortunately Pushka our society does still have its fair share of people who hide behind the anonymity of a forum page to say things they would not be brave enough to say to someone's face. Very sad...:o

Scraping? What do you mean? Spam instead of sunday roast?:D

Strange I've probably got exactly the same set up as you Rob. LOC with Comm bank/Colonial with transactional account (streamline) where WBA and comm bank take there money out. Got 2 IP's with the same set up, no probs..

Next move I'm seriously thinking about looking for a highly CF+ IP that could cover the holding costs of the 2 I bought.Now this would most probably mean next to no CG but if the end result is CF neutral or close to, I would be happy....

Next move Bought two last year ('09). Got around 70K in LOC .hmmm what to do....?:confused:

No right or wrong way Exactement!!:D I did it slightly differently too...