Hi Baibai,
    Truckloads of luck – I hope you are finding your way forward.   And welcome to the forum too.

    Just a thought out of left field – if the vendor was not needing ALL of the money right now, is it possible he might leave 20% in the deal as Vendor Finance?  This would mean a whole new look at things – but, if they are wanting to…[Read more]

Hi KSJA,
  Good on you for putting it out there !!   There have been several posts recently discussing this "Interest Only" side of things.   Probably because our Mums and Dads (or grandparents) were brought up that you "Pay cash for most things, and pay off as quickly as you can those large-ticket items like houses!"   Sound familiar?

  So many…[Read more]

Hi anc,
 

Quote:
In terms of what amount to put down as a deposit, i was thinking 100-120k, and the rest straight into the offset.

  Pay the minimum Deposit you can – you may wish to avoid LMI, in which case it would be 20% (or $64k) but do consider whether it might be better to pay LMI (in the early 80's it is not very expensive) to retain…[Read more]

Hi MI,

Quote:
Love it but where can i buy around 500K in Brissy with Positive cash flow?

2 x $250k IP's should be able to do that. 

Or look outside the square – another post today mentioned "executive renting of apartments" – a huge return if furnished well.  Works in Sydney – but will it work in Brissy too?    That I don't…[Read more]

Quote:
Interesting to observe such a separation between action in prices in mid/low end of the market versus high end and luxury properties. They act almost totally independent to the eyes of the observer.

  'Twas ever thus(??)   I recall my earlier readings of books (about 15 years ago) making this very observation.  And yes, examples of…[Read more]

Tonight, I stumbled over a post that has a go at answering the age-old question :-

   "Should I buy a PPOR (Principal Place of Residence – your own home, that is) then buy IP's afterward, or <strong>should I buy IP's first and a PPOR later?"

The link below takes you a very well-written post with examples (and $$ amounts) that show which way is fi…[Read more]

Tonight, I stumbled over a post that has a go at answering the age-old question :-

   "Should I buy a PPOR (Principal Place of Residence – your own home, that is) then buy IP's afterward, or should I buy IP's first and a PPOR later?"

The link below takes you a very well-written post with examples (and $$ amounts) that show which way is financiall…[Read more]

Hi jpc,
  Solid answers already – to add to them, I would say a "Rent vs purchase price" yield calculation (or Gross Yield) is useful when deciding whether or not a prospective purchase  deserves any more of your time.  e.g. your goal "might" be to only buy properties that produce a gross yield of 7% and above (you pick the number).

  So gross…[Read more]

Hi Boro,
  I see you have just joined up – welcome !!    Your name is on the bottom of the screen, but don't worry – it will be gone pretty quick as more people join and nudge you out of the way. 

  Good work for getting some of the early work out of the way (seminars, books, etc).  Don't worry, it gets exciting pretty quick. 

  Re your…[Read more]

Hi Raminder,
  I see you have just joined us recently – welcome !!  

Quote:
can i please get help with what thinks to keep in mind

  It is great that you have come straight out and asked for help/ideas, etc.  Property investing is quite a forgiving strategy, but there are tricks and traps, so the more you are aware of before you start…[Read more]

I recall this kind of thing happening around 2000 – 2002 (I think).  Everything was booming, and these groups would tout "cheap properties" by bussing people to smaller towns/cities.  Of course, ANY more remote town is going to have a completely different pricing structure to Syd, Mel, Bne, etc.   So they promoted these "cheap" places – even with…[Read more]

Hi Catalyst,
  Well put, Catalyst !!!

Quote:
Networking is THE key. There are loads of people out there that know something you don't. Many of whom are willing to chat.

   Write that in big, bold letters, for sure.  

  … and yeah, Remember- you don't know what you don't know. – that too….

Benny

Hi Chris,
   Let me echo what so many have already said !!   First, welcome – you have come to a good place.   Take notice of the helpful suggestions, and you will be blown away by what you can achieve.   It is great to see one so young, yet knowledgeable enough to know when they don't know enough….

  The answers are all here – and yes, +1 for…[Read more]

Hi Rob,
  Sorry, I can't help with any names re the Cert 4, but I note you are in WA, and wondered if you have had a chance to "look around" at the property market there.  You say you are new to it, so I might be jumping the gun…..   

  I don't know what is in a name, but Port Hedland is a place on my Bucket List (in reality, I'd like to see a…[Read more]

Hi microchip,
  I can't help directly with your questions, but just wanted to offer an example of "options available to you" (possibly, depending on which Council…..)

  Here is a link to the Brisbane City Council…[Read more]

Hi MI,
  Great position to be in, and great goals to aim for !! 

Quote:
If i have $ 1.0M to Invest where do i invest or how?

Two or more properties in growth suburb or one in Inner city suburb?

  Lots of ideas already – perhaps consider a number of options to see what suits your temperaments/situation.

1.  Reno to lift rental Incomes
2. …[Read more]

Hmm – perhaps they are at risk of running a nearly empty bus !!   I imagine groups like this would prefer to leverage a "full bus" when cajoling some buyers ("Look, there are all these people on the bus – if you don't sign now, you could miss out!" – that type of thing).

Sounds to me like a good place to stay the hell away from….  despite the…[Read more]

Hi TNI,
  I wonder if your early confusion might have come from "past experience?"   I am referring to a Flat Rate Loan.  

  These are called different names, are usually for small amounts (e.g. Personal Loans) and the Interest paid each month is on the FULL amount until the whole lot has been repaid.   So, even if you paid some of the principal…[Read more]

Hi Qlds,
   They have said Yes to me, and I'm pretty sure I have it over you in years, son….. 

Benny

Hi AI,
  I see you have joined us recently….  Welcome !!     You have certainly been diligent in preparing yourself for your future – so, well done.  

  I agree with Jamie M – go see a good mortgage broker in preference to a financial planner.  Some on here are both anyway, but (for my money) a MB has a lot more direct property knowledge than…[Read more]