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Bird Dog, I would go multi tenant again in a second. Truthfully once my property manager and I were on the same page I have not had any major issue. I do like the fact that even when I had 1/3 rd of my tenants with notice to vatcate or empty that I still had the income to cover the loan...

Thanks for the update on this Dazz, Your posts were a big help in understanding the CIP is not the big scary monster it first seems when trying to get in, The landlord gets to be the big scary monster in CIP. I can understand how this has turned into a full time job for you witht he...

Just thought I might drop in here and provide a bit of an update on how this is all going. In a word, good. I would love to say great but not quite. I notice last time i posted in Feb I had had one tenant decide not to renew their lease and was looking forward to rental increases. Well...

Granted but you still feel unwell but have not had teh chocolaty goodness to make it better. I wish I did not have to wake up while it is still dark outside. hurry up and switch back daylight savings.

Hi Lpool05, I have PM'd you some more details but I use Responce Real estate in Penrith and they have always done right by me so I am happy to recommend them. Sanzy

Hi all, To update you all on how it is going. It has now been about 4 months since I took over this property. I have a property manager looking after the property for me. As part of taking over the property a series of rent increases were going to take place which would increase the...

Bought one, a commcerical property that doubled my portfolio value in one hit. still trying to digest and settle the property manager on that little adveture.

I would recommend the Brother Laser all in one units. They are reasonably priced to buy the toner and drum are not to expensive (and are easy to change yourself) and they last for ever. I had 40 of them in use in the company i work for (i am in the IT department) some of these units went...

I had a Deisel very first gen Freelander. Loved the car, it was great to drive, very slow off the mark and topped out at 110KM unless you were willing to thrash it. Cost bugger all to run. Problems started and then kept comming. There was a known issue of the transfer box had the wrong ratio...

The finance is not a fixed rate but is currently at 8.15% it is returning around 4% after all expenses are paid ((total incoming/ total outgoing) / Purchase price) so it is a nice amount of cashflow to fund the next project. Thanks again for the support posts and PM's they are appriciated. I...

So when are you booked in to attend the rehad centre Nathan?

Thanks Dazz, your posts helped a lot with giving good honest advice to people looking into comm. Luck for me of the 9 tenants all seem really good so far but one of the tenats is the vendor (only a small shed most likly just storage of stuff) so will be interesting to see how that goes but...

Firstly thanks everyone for the support posts, I was a bit worried the post was a bit long winded. The solicitor really could not do to much, as both the Vendor and Myself did not seem ready to settle. I could probably have argued it or had different wording but I just think it was one of...

Hi All, I have been reading this site now for a bit over 3 years and have taken a lot of information from it and thought it was about time to give back for all the information I have taken from it. I will start by saying this will probably be a long post that many may find boring but I hope...

I am not going to be able to make it unfortunatly, hope everyone has a good time.

I will be there for this. I have missed the last couple of meet ups but it will be nice to meet some of the people who post on here. I have not been to a meet up with Somersoft in a few years. Thanks Skater for organising.

Thank you for the input Dammit. The deal is moving ahead. waiting for contracts to be drawn up for signing now. Shold be a good steeping stone forward.

Thanks for the feed back Dazz, You have pritty much confirmed what I was thinking already. The lease is due to end after the 2.5 years. So would be an interesting time. Now I just need to work out if I will be able to sleep at night if i take this on as an investment as I can see...

Hello All, I am curerntly working on my first CIP deal, I have a number of resi investments but looking to move into the Commercial market. As such it is currently a fairly steep learning curve. At present I have not actually commitied to anything I am doing the DD and have encountered a...

I use Responce Real Estate in Penrith. Have used them for around 18 months with my first IP. The second IP I had them out to value it and it came our to around $20 PW more than i had been quoted from the rental team at teh place i bought it from. Then to prove the point they had a family...