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Monkeys are good at mimicking but not very innovative This Monkey therefore wonders whether an SS guru might be willing to share their excel spreadsheet for IP cash flow so he can figure out how, over time, he can build a cash flow positive IP portfolio. Cheers!

Do you need to buy now? I'd be tempted to wait til after next yr's federal election. You might find you have quite a few more options...

Folks, here’s a challenge for the more mathematically inclined! I am trying to calculate principal and interest on monthly repayments of an investment loan. Ideally, an excel formula that could drop into a spread sheet. The interest rate is 2% above the RBA rate, commencing January this...

Cheers RW No specific strategy :-) The money is a small fraction of a larger IP, cash and banana portfolio. Its borrowed money left over from a IP purchase. Thought I would put it to work as I am paying interest on it. Basically I might take a punt for investment returns that...

Some slightly unfair comments. I did post this in the Coffee Lounge, which I thought allowed for banter of this type. People can of course choose to reply or not. Lectures on the villainy of profiting (or losing) from "free advice" probably unnecessary! (but monkeys have thick skin -...

If you were looking to directly invest $1,000 (each) in 5-7 shares for longer-term, relatively low risk growth (7-10 years) and some dividends, which would you go for? 3 x the banks (CBA, ANZ, Westpac), 2 x resources (BHP, RIO), 1 x telco (Telstra) and 1 x retail (Woolworths)? cheers! Monkey

The "honeymoon" rate has just run out on our online savings account, reducing the rate to 4% We will shop around as there are few bonus deals on offer that bring the rate up to 5.25% to 5.5%, but most are only for 4 months. Given the difficulty banks are having securing domestic deposits...

Check also for a "file closure" fee in your contract (that's on top of the 3 month penalty)....

We are with NRMA. Policy states that for each rent default claim, provider will deduct from our claim four times the weekly rental amount and a rent default excess of $300 (our current level of excess). So in our case no point from a $ standpoint claiming a rent default unless the lost...

Hi Good Folks Hoping very much for some views on the situation involving the hot water unit at our IP in Brisbane. (apologies if this should better be placed on the "adding value" board!) A plumber organised by our PM has found a leaking coil in a (fairly old) electric hot water unit...

Thanks to all for their comments. Just an update to say that on the day the agent issued the notice to leave the tenant was into the PM's office and had paid 85% of the rent. The remainder was paid a day later. We are probably a bit fortunate. I am sure there are cases where a bit of...

Arrgg!! Our PM signed a lease with a new tenant in June. Within a month, the tenant is late on rent. PM has now contacted us to say . tenant is behind in rent by 28 days . PM issued a Notice to Remedy and agreed a payment arrangement with tenant, whereby tenant would make up...

I would be most grateful for recommendations for a good property manager for the Chermside area in Brisbane. Thank you, Monkey

Our new tenant in Brisbane has asked (via our agent) whether they can install cable television. Are there any hooks with this? Anything we should have them agree to (ie, must be professionally installed, at own cost, etc)? Monkey

Quick question, and v. sorry if already posted here recently (first time back in a while)... In broad terms, what does the medium term future (1-5 years) hold for the Canberra property market given foreshadowed public sector cuts in the forthcoming budget and possible deeper cuts under a...

Thanks Rolf! The vendor finance will work as a separate loan that we pay off over time - we won't get that amount upfront. Essentially, we will repay our parents the balance of $200,000 ($400,000 sale price minus the $200,000 we provide upfront) over 10-12 years at a very good rate. We...

Hi all Very much hoping for some perspectives on our situation. We are arranging to purchase our first IP, in QLD. We have the fortunate opportunity of being able to purchase the IP (established house) from our parents at a good rate and with vendor finance. Sale price is $400,000...

Yup that's what we plan to do. But not while it's tenanted. At least not during the current tenancy. we're after a short term solution for now. Thanks Prop'ty, we'll look into your suggestion

Hi all Our main bathroom has yukky wood panelling around the bath and up the bath wall. It looks pretty bad, with the wood getting on age-wise and it is marked and worn (patchy) in places. As a short-term fix, before we gut the bathroom and start again (with tiles), we thought we'd...