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Cliff, I have just stumbled upon Wynnum and Wynnum west in my IP search. I see that you have at least one IP in the area, are there any street you would avoid ? the area looks like good value with desirable houses on a reasonable yield.

Evening SS'ers, just wondering if others have found a critical point of IPs where it becomes too hard to manage with a full time job. I am not talking about personally managing the IPs just managing the managers ? I started thinking about my future goals and have been trying to work out when...

Thanks for the responses I have a broker but he seems pretty busy so I am trying to work out my capacity myself before I commit to any more purchases.

just to be clear, it would be more than one property

Thanks Jamie Do you think it would be realistic to gain finance for $3m property at 5.5% yield based on my numbers ?

Thanks Jess, My household income is close to 200K and I have about 360K debt (PPOR) and about 700K equity

Evening ss'ers I am trying to establish my borrowing capacity in the new lending environment. From what I can work out the new 'standard' calculators used by the big 4 banks assess loans as P & I, 7% and 80% of rents as income. Is this correct ? I am trying to work out the value of loans I...

Northside within 12km of CBD

great strategy !

second day of listing offers started. It was sold by the end of the first opening according to the agent.

sounds like drama - I am only looking at small blocks with max 50% investors. Maybe I'll just stick to houses or duplex

another fruitless morning. Finally contacted agent, house had 2 unseen offers on second day, proceeded to first open house 30 groups through, 10 offers and under contract within a week. Brisbane is moving

Agree, I spent the best part of yesterday on the phone chasing agents, every house I eventually got to ask about = sorry it is under contract :mad:

excellent thanks - cost base I understand

Thanks Scott - I am interstate so I wasn't sure how it would work

Thanks NPB - sorry what do you mean by a capital cost ?

Evening ss?ers I have never held a strata or body corporate property before but I am looking at purchasing one now. Do PMs generally attend strata or body corporate meetings on your behalf ?

I am considering using equity to engage a BA for a few upcoming purchases, would the interest on the funds used to engage the BA be tax deductible ? As I would be financing the BA from equity I planned to just add the BA fees to the equity loan. Would this work or would I need to at it to...

growth, yield, vacancy, price, numbers sold - the usual suspects

Thanks for the fast reply - currently I use the mags for the numbers then take my DD from there.