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Hi All, After 12-18 months of umming and aarhing and strategising Hubby and I have finally made a big decision to sell our PPOR and IP#1 and move into IP#2. Why? Well by putting any realised equity (less CG on IP#1) into IP#2 we would be virtually mortgage free. Not quite initially but so...

Just wondering if anyone has ever bought a repossessed property? We're looking a house that is going to auction in 2 weeks or so. In this situation what kind of reserve is the bank likely to have on the property or will the property simply go to the highest bidder? Also, we've never bid at...

Hi All, Can anyone recommend an very switched on, investment savvy mortgage broker servicing Mandurah or the southern suburbs of Perth. Unfortunately we have lost faith in our current broker and feel that we need to make a change if we wish to continue growing our property portfolio...

I posted this on a nother recent post and it's been bugging me ever since. Am I the only one who thinks that our younger generations are just feeling sorry for themselves when it comes to buying a home? "The fact is that you can jump on the internet anytime and search for and find...

As some of you may have gathered from a couple of my recent posts, I'm thinking about moving away from passive property investment for CG's to a slightly more aggressive strategy. Now that the boom is over here in WA I think it will be necessary in order for my hubby and I to achieve the goals...

Has anyone had experience, good or bad with a joint venture? How does one go about finding an equity partner? How much legal work is involved in setting everything up and how do lenders view such set-ups in terms of providing finance, LVR etc. Flatout

I'd love to hear from anyone who has had experience subdividing rural land into say 5 acre blocks, particularly in WA. I'm trying to figure out what such a development would entail. Thanks in advance. Flatout

Picture this...rural retreat 10-30 acres in picturesque location (in autumn/winter/spring when everything is green but hot and dry in summer) about 2-2.5 hours from a capital city. Straw bale house which has superior sound and thermal insulation qualities, completely self sufficient in terms of...

Hi All, Inlaws have been renting a house privately for last 5 months. They don't have a lease but were led to believe that they house would be available to them for several years whilst the owners were living and working up north. Anyway, things didn't go to plan for the owners who are now...

Looking to buy in Vic later this year. I'm vaguely family with Greensborough, Diamond Creek, Eltham suburbs and was wondering if anyone more familiar with Melbourne has any thoughts on future potential of these suburbs. Not familiar with anywhere else in Melbourne so any other hot tips or...

Looking to purchase in Vic later this year but as all our investing so far has been in WA I'm a little confused by some of the RE vernacular some Melbourne REA are using. Could someone please explain the following: BIR - Buyer investment range Usually quoted with a value as well. eg. BIR...

Apologies for the long post... I've been at council today and wading through pages and pages of R codes trying to get my head around the rules. I'm hoping that those WA investors who have had experience in sub-dividing and or developing can help. Background is that our PPOR in central...

The WA state budget was handed down today. The stamp duty exemption for first home owners has been doubled to $500K, better than anyone had hoped for. This takes effect from today and will save FHO up to $20K when purchasing a home. It should go a long way towards stimulating this segment of...

Just looking for some advice. We are currently in the process of organising a $100K LOC against equity which we planned to use to fund deposits and costs on more IP's. This will take our LVR to 80% keeping us out of mortgage insurance territory. Problem is that we have recently learnt that...

I was given a "heads up" this evening about a block of 8, 2 bed units in a WA wheatbelt town. They have been under offer but has come to light today that sale is about to fall over due to buyer not being able to get finance. Apparently buyer made a bit of a mistake with his original offer...

Following on from my recent post on hitting the servicibility wall, one of the suggestions was to consider commercial/industrial IP's which generally have a higher return and may help offset some of our negative geared IP's. This is an entirely new field to me so I was hoping those that have...

Just wondering what the more seasoned investors do when they reach their servicibility limit. We were hoping to buy another $700-800K of IP's this year but our broker has advised that our borrowing capacity is only around $520K. We have plenty of equity so that side of things is not a problem...

Reno on 3x1 IP is officially complete as of this morning and new tennant going in tomorrow. Midnight blue bathroom gone! Cranberry candy stripe walls and matching velvet curtains in main bedroom gone! Brown bedroom gone! About 200 chips out of the plaster and flaky paint in 3rd bedroom gone...

Just spent the last few days checking out RE in Geraldton and south along the WA coast back towards Perth. Thought some of you might be interested in mpy impressions... Firstly Geraldton - the frenetic activity that has been evident over the last couple of years is definitely over with lots...

Just wondering if anyone has been looking at Wodonga, Vic. I was there in Apr visiting my family and my interest was piqued. The economic indicators look good with Logic Park attracting some big name companies such as Woolworths, Patricks etc. The new large retail precinct develoment is well...