Recent content by capitalEyes

Agree, but first understand yourself what a well written lease contains.

just waiting for the wisdom to kick in!....anytime now :)

I'll start looking for a hair salon and get back to you. Thanks for the post also re flower purchases in the retail precinct. Belly laughs have been at a premium this year. cE

Hi Lizzie, I'm 90% on the PPOR and sleeping fine, and LVR beats rate anytime. Good luck with the search. Cheers

Not too bad. Apart from a lesson in the value of personal guarantees from a defaulting tenant during the GFC (unconditional Bank Guarantees now in place as is new tenant) things are pretty smooth. Agree whole heartedly with your comment re property managers – our tenant is paying for ours and...

I thought the numbers on this sounded good when you first mentioned them - you haven't spent that much on razor wire have you? I'm late to the post also HE, but sincere congrats again on the first CIP. Any major lessons learnt from this one that you would apply to the next, or would you just...

Great LVR Hi RH, I'll have to go against the tide here a bit and say that I'm envious of your LVR. You've managed to convince a bunch of lenders to throw in more money for your set of assets than they have for mine, so good work. There are of course risks to manage, but my experience is...

Great Work Hi Sanzy, Thanks for the post and congrats on the first CIP. Your description of the process brought back some memories for me of what was going through my mind at the time also. Forking out large amounts of money (compared to Res), at the bank's mercy (I had an 11th hour LVR...

Hi Kath, Last week I spent a day off work, and an hour in front of my tenant being bashed about by her advocate. It would have been something for someone else to see – under the guise of ‘mediation’ I agreed to discuss the issues with a view to finding a resolution and not wasting the courts...

Bought an airconditioner and reticulation system with building and gardens attached....settled in May. No probs so far. But if either fail for more than about 48hrs I'm up for some headaches.

rent default insurance Wish I had had this in place about 4 months ago....Would have saved me about 2 months lost rent and outgoings. Time to change insurers...

In summary: Line up another tenant. You can turf the tenant immediately on principal but this isn’t a currency your bank will accept against your interest payments. Your tenant is paying rent, but given their snubbing of your request to pay water, this could stop at any point also. Get a...

Have a surf and do some calcs. You might find that the yields max out around median...and there's also some crazy institutions still willing to fund at 95% for these regionals if you're willing to tip them. Should be a suburb or 2 there for you!! Only down side so far is having a corporate...

Agree, and the best thing I found about Navra was that his ideas were extensions of the concept of living within your means. Same with the strategies discussed in this thread. Rob's got it sussed. Rick's LOE path works; accumulate, sell, live off rent works; accumulate CF+ until you're simply...

Don - great candidate for vendor financing. Best of luck with the deal, and look forward to reading how it pans out. cE