Recent content by getrich

Thanks for replies guys, Its great to read different opinion on inner west. Totally agree with Propertunity about strathfield and homebush and definitely wouldn't buy on parramatta road. Love the areas like summer hill, lewisham, petersham but the problem is you get old, small art deco types...

Hi, just started looking for my second investment property. Current saving is around 80K and no equity in first investment(which sucks:)). I am looking into buying 2bdrm unit somewhere in sydney inner west, mainly dulwich hill, hurlstone park, burwood, strathfield, concord west. I am...

Hi, Recently I have been looking closely to hills suburbs especially baulkham hills. Market is really moving fast there. There is lots of competition because of first home buyers I guess. Looking at the history of the suburb it doesn't gave much of capital growth in last 5 years. Just...

Hi all, Getting prepared to purchase my next IP. Budget is around 450-470K. I have two suburbs in mind, Baulkham hills or Erskineville. They very different to each other but I think both can provide strong CG. I would either buy 2bdrm apartment in Erskineville or 3 bdrm house in balkum...

Thanks guys, I finally managed to get rid of him. He was kind of upset but hey whatever

LOL thanks a lot guys for giving a nice dose of humor. Well I just didn't want to insult him thats all. I think I can manage to get rid of him. But the IMP question is how to proceed to buy IP interstate? I am pretty sure there are many investors out there like me who wants to buy interstate...

Hi all, Since last few weeks I have been constantly contacted by a consultant from Lifestyle Planning Group. Has anyone heard of them? They say they are "Independent" investment consultancy. He was proposing to show few IPs around Brisbane area. I am sure they are one of those agents who...

Thanks Guys, Its very clear to me now, Appreciate your help

Hi, Can I claim negative gearing for the period while property is under construction and not available for rent? Thanks amit jani

Hi All, Does any one know if there is any website to find properties which are defaulted or on sell because of bankruptcy? What do you guys think about buying such properties? Thanks

Thank you all for response, I had chat with my solicitor and he has same idea that legal process against builder will be expensive and lengthy. As tcocaro suggested the contract is more for builder then owner. I have spoken with builder and this time someone from higher level. It seems they...

Hi All, I bought a house+land package in feb 2007. Construction is going on since march 2007 till date. It is 4 bdrm, slope sensitive, split level design. According to HIA contract builder has 180 days to finish it but its still not complete. I have put hold on final stage payment but its...

I found ARPP from google search. I registered for their free information pack and thats how things started. A rep. from ARPP visited me for few times and explained the investment fundamentals in real estate. I havent found this forum then otherwise I would have not gone with them after reading...

If I would have read all these responses a year ago, I would have not used ARPP for my first IP. I have already purchased my first IP(house+land) in feb 2007 in Coomera near GoldCoast thorough them. I think they are fairly honest about what they do, but at the end of the day they are there to...

Building your IP has some advantages like you only have to pay stamp duty on land price. You can achieve CG while its being constructed and also premium rent + full depreciations, as its new. BUT only if your builder does not delay construction, otherwise you have to keep on paying interest on...