Total Members: 158,198

Fast Lane

  • Fast Lane replied to the topic Self Storage Sheds in the forum General Property 17 years, 10 months ago

    Speak to a competent Mortgage Broker. 70% LVR on commercial properties might have been the norm in the bad old days, but finance is now a commodity and everyone can get it and the rules have changed significantly.
    Congrats on finding a good deal and good luck with the endeavour…FL

  • Fast Lane replied to the topic How did Dolf De Roos start? in the forum Help Needed! 17 years, 11 months ago

    While at uni studying for a phD in Electrical Engineering he got 3 student loans just for the deposit on his first property. When he’d reached his final year of studies he did a RE deal that netted him a $30 000 profit. This was the same amount he was offered as a first years salary as a graduate of Electrical Engineering, albeit with a phD to…[Read more]

  • Fast Lane replied to the topic Pet urine problem in the forum Help Needed! 17 years, 12 months ago

    Sounds like you might have to rip up the carpets.

    Can you imagine the calibre of tenant who’d move into a place that smells like…[sick3]

  • Fast Lane replied to the topic student apartments in the forum Help Needed! 17 years, 12 months ago

    Financing for these types of properties ha been an issue in the past, like 60-70% max LVR’s but I know some of the brokers here on the forum have access to finance products that aren’t so prohibitive.

    Regarding onselling, typically the market for these industry specific properties are not as good as houses or normal apartments but that doesn’t…[Read more]

  • Fast Lane replied to the topic CF+ Melbourne CBD worth BUYING now? in the forum Help Needed! 17 years, 12 months ago

    If it can achieve a good amount of CF per annum with little money down, do it. If it’s gonna make $10 per week and it costs a 20% deposit, dont do it, especially with little upside of capital growth.

    CF+ for the sake of it can be detrimental to anyone’s investing journey.

  • Fast Lane replied to the topic student apartments in the forum Help Needed! 17 years, 12 months ago

    Make sure your due diligence is thorough, very thorough!
    Watch out for financing issues and dont be in a hurry to jump in. There are plenty of them for sale, so if you do in fact jump in I recommend getting some teeth during the negotiation stages. ie- playing hardball and picking up a good deal!

  • Fast Lane replied to the topic transportable houses in the forum No Subject 17 years, 12 months ago

    People have done this and created huge lumps of equity and value just in one deal. However, people have done this and seen their expenses and budget blow out big time (and I mean big time!)
    Removable companies are a good place to start and also have a scratch around the forum here as there are people who have done well and some who didn’t fare as…[Read more]

  • Fast Lane replied to the topic Off the plan sales in the forum Help Needed! 17 years, 12 months ago

    Of the plan sales are usually regarded as perilous for an investor. However, seeing you’re on the other side of the fence the upside can be very lucrative. Not commencing until you’ve sold one is a very good move.
    See if you can flag Michael Yardney’s attention (on this forum) this is what he does and does well.

    Good Luck…FL

  • Fast Lane replied to the topic Leasing an apartment to a hotel in the forum Help Needed! 17 years, 12 months ago

    Now that I think of it, if you are leasing back your apartment to the hotel, rental pool issues wont exist in this instance.
    These investments can appreciate more or less compared to normal apartments. If the returns are good and everything else is going well respectable CG’s should be there. These type of investments are typically bought for CF…[Read more]

  • Fast Lane replied to the topic wild west town in the forum Forum Frolic 17 years, 12 months ago

    That’s a funny post! [thumbsupanim]

  • Fast Lane replied to the topic Leasing an apartment to a hotel in the forum Help Needed! 17 years, 12 months ago

    Buying an apartment to lease back to hotel may look like an attarctive investment but often can be hard to finance and re-sell. Mak sure that your apartment is in a rental pool, not rented individually as well.

    There are heaps of these for sale everywhere so if you do jump in make sure the returns are good enough to warrant the investment.

  • Fast Lane replied to the topic feng shui!! in the forum General Property 18 years ago

    Also check out your local bookstore. There should be a fair bit of info in there.

  • Fast Lane replied to the topic want to build, but to what stage, help??? in the forum Help Needed! 18 years ago

    If you just want the builder to finish off the whole thing, check these guys out;

    http://www.dixonhomes.com.au

    They would do you a decent house that would come in under your budget. I’m not vouching for them, I just use their online catalogue as a reference, epecially for Qld. construction etc.

    Good Luck…FL

  • Fast Lane replied to the topic Diploma of Property in the forum Help Needed! 18 years ago

    Something like this would more than likely be a lot more geared to working in property, not investing in it.

    Usually these things have information sessions/ evenings for prospective students. Go along and have a look and make a decision from there. Let us know how it pans out. [grad]

    Hope this helps…FL

  • Fast Lane replied to the topic BRW report – coastal property in the forum Help Needed! 18 years ago

    Little bemusing though why Dubbo was ranked among the fastest growing coastal towns on page 14.

    I think the QLD prices are ridiculous. Good liftout though.

  • Fast Lane replied to the topic sorting out RE agents in the forum Help Needed! 18 years ago

    Hey Nickey,

    Do another post titled something like “RE agents-Mandurah,Rockingham area” there are people on the forum experienced in those areas that would be glad to help you out. Sorry I cant help, I’m in Melbourne.

    Good Luck…FL

    Fast Lane- The poster formerly known as g7

  • Fast Lane replied to the topic An article on attitude to debt. in the forum General Property 18 years ago

    STICKY, STICKY, STICKY…OI, OI, OI.

    What a great post! [thumbsup2]

    VP Commodores are the ones with those hideous horizontal rear wheel arches aren’t they?

    Fast Lane- The poster formerly known as g7

  • Fast Lane replied to the topic Opportunity to add storage to a CBD Unit in the forum Value Adding 18 years ago

    I wouln’t say massively increse the value of your property but it would certainly be of value to someone who needed it. If they need it. A lot of people rent out extra car spaces to other tenants in their buildings, so yes, I believe you’re onto a good idea.

    It’s just a balancing act on whether what you could rent it for would be viable to buy it…[Read more]

  • Fast Lane replied to the topic Can I trust Property Management Agencies? in the forum No Subject 18 years ago

    It certainly pays to be vigilant with your investment. If it’s in say a resort complex sometimes all the rent is pooled and divided among the owners. Other times it goes by the individual room, so the managers can play favourites. Your’s could sit empty 90% of the time while others enjoy virtually full time occupancy.

    You might want to post the…[Read more]

  • Fast Lane replied to the topic imminent repossession of Sydney property in the forum General Property 18 years ago

    She could apply to APRA to have some of her Super released to help pay what’s outstanding, if she has any. She should take this up with her lender if she hasn’t already done so.

    If she’s been in the place for 15 years she should have some significant equity in the property. If she can avoid bankruptcy then she might get through it without too…[Read more]

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Fast Lane

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