Search results

Hi Richard, Thanks for the reply. I had a similar idea re: doing a reno with cash, or adding another bedroom. My only issue is I've never bought a house and don't know exactly what to look for. I suppose once I get out there and start comparing properties, I will realise what prices are being...

Any ideas of areas to buy, and value-add opportunities in QLD, guys? :)

Hi guys, I have 2 IPs (units) in Western Sydney and 2 IPs (townhouses) in Beenleigh/Eagleby. Currently going through pre-approval so I can buy another. For #5 I will be buying in QLD again. This will be buy & hold, main goal is short and long term CG and I need it to be neutrally or...

Excuse the ignorance but what is LOE/LOR? I searched the 'Frequently used abbreviations' thread and did a Google search and couldn't figure it out!! Cheers

Hi guys, I ended up using PrivateBox Freight Forwarders - let's hope it works! https://www.privatebox.co.nz/ Cheers

I've been trying to find a Kathmandu jacket which is no longer available in Australia and I've called about 10 stores and can't find it. However, it's available to purchase online from NZ (they won't ship to Australia, I've begged already). Just wondering if anyone here lives in NZ so I can...

'Kicker' fees are becoming popular - for eg 1.7% of the price up to $720k and then 5% on any amount past $720k. Therefore on $720k they would get $12,240 but if they hit $750,000 it's an extra $1500. You're better off offering a % above a certain figure rather than a fixed sum if they reach a...

Hi mate, I wasn't sure whether the abolishment of NG would mean interest, maintenance, rates etc would not be able to be claimed at all which is what the example shows.

Hi Kathryn, I stated there were 4 IPs bringing in $300/wk each. The income used was $162,400 ($100k salary + $62,400 rental income).

Why do you say that? (Not disagreeing, as I have no idea, just curious to know your reasoning). Cheers

As far as I know, Joe Hockey apparently wants discussion regarding reforming the tax system and part of this pertains to whether negative gearing will stay or go. Personally I think a strong force holding it back is that a lot of politicians most likely have investment properties so would be...

No thanks.

Cheers mate :) Any thoughts on the benefits of buying a duplex? Is a 20-30% discount what you'd expect vs buying 2 separate houses?

Any tips on areas closer to check out with the abovementioned criteria, tomlemke? Cheers

I do, but I sometimes get home around 4-5pm and work from home for another 3 hours or so. Cheers for the info everyone. Keep it coming. Any suggestions re areas to buy units/townhouses closer to the CBD sub $300k with a close to neutral cashflow?

Thanks everyone for the comments and encouragement. Thanks for the opinion, Michael. Do you have dual occ properties in your portfolio? If so, how have the valuations been (if you've had any)? I have your 'My Story' thread open but haven't had a chance to read through yet - worked 13 hours...

Thanks for the comments guys. I should also mention I have no experience with renos but something with reno potential would be good too. I don't plan on drawing equity out for another 12 months at this stage, so I would probably just sit on it and do the reno at a later stage. Cheers

Welcome to the forum, and congrats on having $50k at 19! First step would be to chat to a reputable mortgage broker to see what your borrowing capacity is. A $50k deposit may mean $300k to spend for one person, $500k for another and $100k for someone else so you need to know exactly what you...

Hi guys, IPs 1-4 have all performed well lately and I'm preparing to reval shortly. My MB suggests I can comfortably purchase 2 x $300k IPs using just equity which I plan to do around May-June. After that I'll take a break for a year or so :) IPs 1 and 2 are units in Western Sydney, while...