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Last night I went to a 'free' seminar run by the 21st Century Academy about buying wholesale land. To sum it up, the Academy has bought a large amount of farm land just south of Shepparton VIC. They say the land is planned to be developed into residential starting in 10 years time. They are...

We viewed the application of our first tenants, but this time round the RE has found tenants and has only told us of their occupations. I know that we don't really need to know, just curious as to what normally happens. Also it's been about 3 or 4 months since we've received rent on the...

What were they thinking? http://www.exclusivere.com.au/index.cfm?pagecall=property&propertyID=1307702

Our first tenants (our first and only IP) owe us 3 months rent. We had a CTTT hearing 2 days ago and the ruling was for the tenants to be out by today. The tenants are still saying they are going to pay and want another lease. Hubby feels sorry for them for only getting 2 days notice (even...

Received our very first Property Inspection Report for our first (and brand new) investment property, last night via email with some pics. We're very happy with the report and photos. The unit looks great. We're going to send the tenants a Christmas card with a Westfield gift card now. :)

Our accountant suggested to us that we purchase properties in hubby's name only for tax purposes (I'm at home with the little kids, no income). Fair enough. But since our home is in both names and we need to borrow against the home equity to use as a deposit for the investment property, I need...

I'm in SOR WA and need to get a solicitor to sign some form with me regarding the purchase of our first IP. I have to get the forms in ASAP, and don't know how to find a solicitor. Does anyone know how much it may cost? Thanks

Hi, just after any recommendations for insurance companies which do landlord insurance. So far we've only gotten one quote, as another company we asked didn't get back to us. The quote that we got was for $315 p.a through EBM. Does anyone have experience with them?

Our apartment we bought OTP last year is due to settle in about 5 weeks. We are paying $417,500 for it and it just received a bank evaluation of $375,000. I know that bank evaluations are always conservative though.

Do these fees look reasonable? Management Fee • Rent Collection & Management Fee 7% + GST Marketing Levy • Marketing your property on the following Websites: www.domain.com.au www.realestate.com.au www.exclusivere.com.au www.homehound.com.au $150 + GST Newspaper advertising At...

Our first IP which we bought OTP is due to settle in about 6 weeks. I have no idea how to go about getting a property manger. Given that I am in WA and don't have the time or funds to fly over there to even inspect the property yet alone interview potential Property Managers, I'm after some...

I've read some comments made my people who suggest it's cheaper to rent then to own a PPOR. I really don't understand this way of thinking. Rent continuously goes up and up (never down over the long term). IE in 10 yrs time your rent may be double what you're paying now for the same house...

Just wondering if anyone here has ever used Exclusive Real Estate (Concord West NSW) for Property Management before? I have a property in Parramatta which I'm currently looking for a property manager for. It's a little tricky being our first IP and living in Perth, so any advice would be great.

http://www.news.com.au/business/story/0,27753,24766561-31037,00.html

I heard some voices outside, that woke me up then a loud BANG, SMASH as bloken glass shattered everywhere. We were sleeping in the room next door (luckily) and I thought a bomb had gone off. It was that loud. Some neighbours across the road kept us company until the police arrived, thank god...

As the title says, thanks :)

I've been seeing "Positive Cash Flow loans" popping up around the place, where the first few years can turn a -ve geared property into a +ve cash flow one by deferring interest (capitalising part of the loan). Has anyone gone with this type of loan before and have any advice on it? I saw one...

Some of you know we bought our first IP OTP a few months ago. We asked the company we bought from if it's possible to get a discount and they said "no", so we didn't push the issue. In the past few months, I've since heard from others who have bought OTP in the past that say they got a 10%...

Hi just wondering if it's worth seeing a few mortgage brokers to see who really can get the best deal? If I tell them that I'm seeing others, would it inspire them to find the better deal to get my business, or seem off putting to them to try because they'll only have a 33% chance or so of...

Ours is 22 years old :o