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Wealth is a mindset It was February 1997 and I had just left a co-dependent relationship in my late 20s with an 8 month old and 2 year old....no money...i repeat no money...entirely my responsibility as to choices made in life partner. No one deserves to be abused. He prescribed to the "i...

We started our investment journey 12 years ago by buying in Coolbellup. At that time we bought a vacant block of 450sqm for $80k and built a 3x2 with double carport for $70k. So $150k all up. Fast forward to today and we rent it out for $450 pw. It was bank valued last week at $490k. I was...

I operated a successful family daycare for many years as a tenant. If you become a member of your local family day care provider (not compulsory) you can access specific public liability insurance which specialises in this area. It is much more cost effective than trying to find private home...

Call your South Australian equivalent of Department of Consumer Protection. I would write the landlord a polite letter stating that you intend breaking the lease and if he does not make a commitment to have the proepry re-let, you intend making an application to the local Magistrates Court to...

Goodness me that's crazy!! We ALWAYS get Owner's authorisation on ALL jobs, regardless of what amount is specified on the management agreement. It is time for you to get a new PM.

Michael, where I guess we're caught with the LVR's is the THIRD loan. So with ANZ, we have x3 loans $375K + $267k + $65k = 707k borrowings. Current valuations came in at $445k + $325k (massive drop from previous financing !!) = $770k (last time we financed this figure was $900k !!!!) So...

To give you the complete picture. The macquarie loans relate to another 2 investment properties as follows: $360k (valuation was $450k in 2008) this is IO $352k (valuation was $500k) this kicked over to P&I last month $43k (cross collaterised against above 2 properties - this was all done by...

Sorry, haven't made myself very clear. The loans in question are with the ANZ. We actually have 3 loans with them secured against 2 properties which are cross collaterised (I know !!!) First one original loan $385k, valuation on this property came in at $445k last week (previously valued at...

My broker is an ex-NAB employee, in her own way probably too conservative for what we were attempting to do 3/4 years ago... That is build up our portfolio. She's tried 3 times now, but we're caught with the downward slide in property prices. Ironically, we've actually PAID DOWN quite a sum...

This has happened in the past 2 years on 2 of our loans. Recently it has happened to a third loan and we've got another 2 to kick over later this year. We have tried (for the third time) to refinance back to IO with the same lender and with a different lender to NO AVAIL. Our incomes are...

Years ago I rented a property and ran a successful family day care business from that property. The landlord knew and consented to my request to run the business. I had to get the appropriate licenses through the Child Care Licensing Unit, public liability insurance etc and it all worked out...

Hey Alex!! I think you've done a g8 job. My hubby and I joined weight watchers 9 weeks ago. He has lost nearly 10 kgs and I had lost 6.1kgs last Monday. I want to lose a further 10kgs (current weight 74.1, height 167cm) Weight Watchers have introduced Propoints 2 weeks ago. This...

I don't recommend that Landlords allow pets. Why? Landlord insurance DOES NOT cover the cost of damage caused by pets. I have had 3 cases in the past 12 mths of pet urine in carpets. In one instance it was in every room. Our carpet contractor charges $330 per room to clean as he has...

I had a look at that ad on realestate.com and here's my 2 cents: The covering picture does not do the interior of the property justice. I would be more inclined to put a picture of one of the bedrooms or the living area as the main picture as it looks more modern/less dated. This will...

I'm a licensed Property Manager and would-be investor (4 investment properties accumulated since 2003). I'm keen to grow the rent roll of the small boutique agency I contract to and I'm interested in any general tips/marketing ideas that other PM's can share. Thanks in anticipation. And...

I am currently spewing at the ANZ bank !! Three years ago I fixed my interest only investment loan at 7.29% for 3 years. Two years ago I fixed a different interest only investment loan at 8.44% for 2 years. Both with ANZ Well the 7.29% expired last month and they insisted the loan rolls...

Far be it for me to bore anyone here but here's a (typical) office day for me: 9.00 am rang contractor, reminded him I needed the keys back 'cause second contractor was coming to collect them to clean up gardens in courtyard surroundered by high brick wall, organised keys for front desk...

Piston Broke...you sound angry. And heartless. I would have thought that getting to a certain level of success allows one to switch from being a wealth creator to a wealth custodian. (Isn't that where the real juice lies???) To that end, the well being of your staff is simply one in a...

So are you saying NOW is not a good time to build in Perth? ie delayed starts???

This thread has got me thinking about a friend/acquaintance of mine.... Back in 1987 her boyfriend's Father gave him $22k and he bought a block of land with it. Built a small modest house for $30k (believe it or not that was the going price), but he financed his car into the loan as well and...