Recent content by jatt

Hi Sean I have insured my 5 properties in brisbane with NRMA for building only and Terri Scheer for landlord. I think it works quiet well. Only used the claims process once with both NRMA and Terri Scheer and was very happy. Having multiple properties does make the insurance slightly cheaper...

I would go with the young couple as long as you do a thorough check. I myself gave an opportunity to a young couple, however the property was self managed so I knew it would be okay. The man with the dog seems like he would be okay aswell. You should also think about the future, who is most...

hi just got a friend who settled a few months ago, and conveyancer has forgotten to adjust water rates (Unity Water...Moreton Bay Region). Now Unity Water are chasing the debt from him. He has been chasign up the conveyancer, however still no luck getting them to fix the mistake and now...

cash flow is the amount of money in or out during a period of time, so yes over time most people will end up with a positively geared property. but you cant make the assumption you borrow 105% of property when you actually only borrowed 90%. The deposit is the initial outlay and there would be...

China how can you assume 105% interest costs when the borrowing was only 90% and actual cash flow now is only on 90% of loan? First year the property is definitely Cash Flow Neg since the deposit + purchasing cost was paid in that year. Future years are cash flow positive. Overall cash flow...

no PM fees as it is self managed.

another property 3 Bedroom house on normal block Place: Taigum, QLD Purchase Price: $330K Rent $390/week: $20,280 Loan: $297K Interest @ 4.79% = $14,226 Insurance: $842 Water: $1013 Council: $1079 Sundry: $500 CF+ $2,620

yeh i thought it was a bargain. Was on sale earlier in the year for 309K+...slowly kept coming down to 279K+. I put an offer in for $250K...and within 1 day had a $255K offer accepted. Was a bit shocked, but the market was quiet slow around that time. I did get a valuation done in April however...

3 Bedroom house on normal block Place: Bracken Ridge, QLD Purchase Price: $255K Rent $390/week $20,280 Loan: $229K Interest @ 4.79% = $10,969 Insurance: $943 Water: $1057 Council: $1076 Sundry: $500 CF+ $5,735

im with NAB and got the following: 1M @ 5.24% fixed for 2 years in january this year 297K @ 4.79% fixed for 2 years last month 229K @ 4.79% fixed for 2 years last month wish i had waited a bit longer to fix the 1M loan but needed to be certain about cashflow as its a big big loan to...

yer i wasnt so sure if i wanted to lock in. Thanks for your comments guys, i agree it is too long a time to fix just yet with the way the economy is and the 1 year fix sounds like a better idea. Thanks

What is everyone's thoughts on NAB's 5 year fixed rate of 5.55% I know its a big commitment as a lot can change in 5 years time, but seeing how interest rates have been over the last 20 years or so years you assume we wont be at such a low for another 5 years. Who knows but what do you guys...

thanks for your help Matt. That clears it up for me.

thanks i do have landlord insurance with Teri Scheer. I thought notice to leave and notice to vacate were the same thing?

Hi All I have issued my tenants a notice to remedy breach for a property i have in QLD on Tuesday 19 February. Today is Tuesday 26 of February and i had written on the form that the breach had to be rectified by today. They have called me asking me to extend until next saturday so i do not...