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Hi SS Gurus, I want to ask your opinion about a house I am currently looking at. The house is in Ipswich on a 1500 square meters block, current house is in the back of the block. It is low density zone which allows 10-15 lots / hectare. Spoke to the council it can go down to 450m / lot, and...

Can I still buy more Hi Guys, I currently have my PPOR with LVR of 70% , 2 IP's with 90% LVR. Spoke to my broker and she said that I am safe, and I still have 80K available to redraw on my PPOR, and She can still get me a pre-approval for 10% Deposit. I am thinking to buy another one and...

Hi Guys, Thanks for your responses, I think I have come to a decision. And honestly, you helped me a lot with this. Some of those makes me laugh ?Shut up and take my money :)?. I have asked about the cash money, he said there is some cash made, and he cannot tell much about it. and with...

Thanks guys for your reply, Here is the outcome of my meeting with the owner. The owner is very bad with numbers, he was asking the wife for the values and wages, rent,. Everything. the place needs a bit of work, mainly cleaning / better service. The numbers are very bad and they change their...

Thanks Guys for all your responses! I appreciate all your feedback. I understand the rent is way too high, the only justification I have is that the size of the warehouse is big to accommodate the fitting. I have spoken to my accountant, and pass him all the information I got from the...

Update Thanks Guys for your answers, here is some information. - Owner?s new business is 700 KM away, and they are happy to sign any agreement that they won?t open a similar business. - The lease is 3*3*3 renewed 18 months ago. - Rent is 104K / Year. - Wages are currently 50K, 1 manager...

Hi SS Gurus, I am in negotiation to buy a business, I got the sales and P&L for the last 3 years. I will have a meeting with the business owner tomorrow to answer some of my open questions. The business is an indoor children playground. the owners bought a bigger one far away, and they...

Thanks Mitch, I like this option, and as they are good tenants, I will be happy to keep them in the house if they would like to extend. and pay the bills for sure. I did make noice for the first bill as the value is low. but this is the second bill. Will see what the property manager will...

The property is water efficient and I have the water efficiency certificate, and the tenancy contract have the water consumption to be paid by tenat ticked and signed by tenant. Thanks Ramez

Thansk Hugh, I did that, but the tenant needs to pay it as well, as this is their consumption. and it is not agreed that I will pay for their water consumption. Thanks Ramez

Hi SS gurus, I have a situation and I wish you can advice for help. I bought an IP 7 months ago, tenant is paying rent on time, went for inspection and they are keeping the property in a very good coniditon, clean, tidy, flowers in the backyard,...etc. I have done a 3 months contract, then...

I am in I am in. very excited.

Hi SS Gurus, I found a nice house in Ipswich on 1500 SQM block on 2 streets, driveway is only to the back street. The house is around 30K?s dearer than similar ones on 600-700 blocks. I looked at the council website and the house is zoned as Residential low density. The houses across the...

Hi Redom, Thanks for your response. it is really helpful. I work as an IT Consultant. I work for multinational organizations, so I am a bit stable, even if I will go, I will be safe with redundancy packages. my initial through was to keep paying my PPOR until it is paid out. and then I can...

Hi Jess, Thanks for your response, your Comment and Peter's comments are very good. I maybe a conservative because I don't see the full picture yet. I am new to the game. I will do some numbers about my wife's income, my kids are 8,6 years, so I do not want to budget my lifestyle. but I...

Hi Jamie, I have done my budget, my calculations are on 7%. I can service the current loans + one more at the moment. I keep the buffer as a disaster recover buffer. I like Brisbane, and I am thinking to buy around Redcliffe. but Maybe this time, I will go to Adelaide to mitigate the risk...

Hi SS Gurus, I need your advice regarding my current situation. you may have passed through the same situation before. I can get another loan, I can service another loan, but I am worried that I may be doing something wrong. I just started investing in IP this year, I have the concept of...

Well Done Sash Hi Sash, Thanks for sharing the information. it is really helpful. I just started this year, but I had the same concept of buying cheaper properties that can be neutral to positive, so I went away from Sydney and bought in QLD. I started my research last year, and this...

Hi SS Gurus, I bought my PPOR in West Sydney 4 years back, and it almost doubled now. I bought 2 IP's in QLD. one in Logan area for 290K renting for 350. and one in Ipswich for 235K renting for 300, spent 5 K's on it (quoted for 15, but I took 1 week off, hired couple of students and did the...

Thanks Guys for all your responses. I have included a log, and sent to the PM to keep a inform me about any future complaints. Looks like the tenant as well is going to respond back. Hopefully they can sort it peacfully between each other. Thanks Ram