Recent content by Cong

Thats great then, because the electricity is in their name and is their account, thus their responsibility. If I was in their shoes, of course. My wildest imaginations cant seem to work out what goes where the asterisks are, any clues? Should I be concerned if they were to disconnect...

Just an idea, but even though tenant A and tenant B have separate meters. Can tenant B refuse to pay for electricity as they aren't actually separately metered?

I just figured it was less hassle, especially if they're trying to threaten breaking their lease for a response on the matter. What do you mean marg? That they are aware so have been taking advantage of the situation? Will take that into consideration, next time around I suppose.

Tenant A has been there for years and we've never had any issues. They've been good and looked after the place, and their proportion of the rent is much greater, whereas Tenant B has only been there for over a month of their 12 month lease. It would be less of a loss, if they break the lease in...

Hey guys and girls, I just thought i would put the situation out there for feedback and opinions. The situation goes, its a residential property with a detached garage with a granny flat on top. Both tenanted with separate metering for each occupancy, for explainations sake lets call tenant A...

Indeed, I am very inexperienced in property investing. I have read abit, lurked about and believe i understand the basic fundamentals of property investing. I have written down goals of financial freedom withing an achievable time frame and being young, i believe i have a carefree, all or...

Correct, I hope to renovate for maximum equity gains. I have worked in the trade and wish to utilise my skills, as well as willing to put in the time and effort. I own no properties, but have been advised to borrow a maximum of 80% if i wish to renovate. So that leaves me with that budget...

Hi All, Any suggestions or tips on buying my first place to renovate in the state of NSW. Im on abit of a budget of around $300K, including renovation. Is it still possible/affordable or am I dreaming? Where else should i get my kickstart in this investing world?

I'm pretty keen to hear everyones input regarding this as well, as i do not have much of an opinion of my own at the moment.

Hi albanga, could you explain how the negatives of the unnecessary pre-approval affects the credit rating/record and why?

Thanks j_p, ill keep those points in mind. Thanks The T-man, IO it is then. :)

I guess i dont really want to waste anyones time by shopping around and being a tyre kicker or anything, but i'll try since its for my own benefit.

I am constantly learning, but aren't sure how much of the basics do I need to know before I start to jump into things and use it in practice. I guess the answer to that is the confidence of making that decision lies within when the 'time' is right. I think i am easily convinced so i tend to...

As I'm starting to look at properties and their 'numbers', Ive realised I am getting confused analysing the Cashflow and Capital Gains of potential property by simply relying on the inaccurate realestate.com's data. What methods do you use to research such information to perform due diligence...

Thanks for the many responses. I am midway through Jan Somers Building Wealth, and will progress to others on my list of authors (Jan Somers, Steve Mcknight and Jeff Olsons Slight Edge) as well as a few magazines. I am hoping to seek professional help as mentioned, but what is tenants in...