Hi Tyzzer,

There are a number of Mortgage Brokers on the forum – look at a few threads in the “Help Needed” or “Finance” forums and check the signatures of those who respond. Most of them say “You don’t need a Broker nearby, as all work can be done using FAX, email, etc.”

Of course, YOU might want to be able to drive across town and sit in…[Read more]

Hi Vyaw,

Hmm – a quick look at their website has me wondering…. it said this:-

You don’t have to pay anything upfront and there is no commission when you sell!

It also said you get an expert on your side until sold. It “infers” that they WILL sell it for you, and for just hte one-off cost too.

Is your deal that “They WILL sell it f…[Read more]

Hi Tyzzer,

Great question, and one that I am sure many of us have agonised over before. One of Steve’s books talks of “Multiplication by Division” (clearing non-performing assets to harness Equity and invest into better-performing assets). In short, his examples indicated “Sell one to enable you to buy two”.

Now, there is SO MUCH wrapped…[Read more]

Hi San,

A 10%-20% capital growth, below 2% vacancy rate and gross yield of 6%, house with land looks good.

At different times in a market, I am SURE those parameters apply – but likely not ALWAYS. Most generic growth in real estate markets occurs in a stairway pattern – a level period (even declining somewhat, then a huge rise in a short…[Read more]

Hi San,

I am hearing from BA’s that its not possible to get positive cashflow properties in metro cities.

That could be right if wanting to be within a few Km of a city centre. But further out, I’m sure you can still find +ve geared properties (in Brisbane at least – maybe not in Sydney or Mel, but I am not there).

Generalisations can be a t…[Read more]

Though related to some of the earlier threads, one question often asked is “Should I purchase my IP’s in a Trust, and if so, Which One?” Now, I am not an adviser, so take this post as simply “one more opinion to check and/or discard” – NOT as advice of any kind.

The linked post below is from someone who has already bought three IP’s, but are now…[Read more]

Though related to some of the earlier threads, one question often asked is “Should I purchase my IP’s in a Trust, and if so, Which One?” Now, I am not an adviser, so take this post as simply “one more opinion to check and/or discard” – NOT as advice of any kind.

The linked post below is from someone who has already bought three IP’s, but are now…[Read more]

Though related to some of the earlier threads, one question often asked is “Should I purchase my IP’s in a Trust, and if so, Which One?” Now, I am not an adviser, so take this post as simply “one more opinion to check and/or discard” – NOT as advice of any kind.

The linked post below is from someone who has already bought three IP’s, but are…[Read more]

Hi San,

Wow !! I have heard (from two on here that give regular updates – DT and Corey Batt) that Adelaide has been getting a good uplift in values recently. But I could never see myself paying $640k for something that only brings in $450 a week. With all other costs added, this could be HUGELY negative geared.

Is this one that fits your…[Read more]

Hi San,

Wow !! I have heard (from two on here that give regular updates – DT and Corey Batt) that Adelaide has been getting a good uplift in values recently. But I could never see myself paying $640k for something that only brings in $450 a week. With all other costs added, this could be HUGELY negative geared.

Is this one that fits your…[Read more]

Hi Yllenk,
“My understanding is that a trust cannot distribute taxable losses”

Some Trusts can… but that whole area is one where professional advice is required. Do check out your options with a suitable adviser (some on here might be of help, but not me !!)

Benny

I would call the regulating body in your state and ask them,

That would be the Real Estate Institute of the State – REIV, REINSW, REIQ, etc. It strikes me that you might be stuck with them for 90 days – but then, if they are that bad, give some thought to moving away even as you give them notice. e.g. it might cost you a further 8% of the…[Read more]

Hi Sunhero,

Depending on how new the subdivision is, it may be that the pegs are in the ground and it is a simple matter of walking the block to find them.

These are the square pegs that are driven into the ground to signify where your boundary is. If these have been newly mapped out (i.e. a new subdivision) then they should be in place and…[Read more]

Hi Sunhero,

Depending on how new the subdivision is, it may be that the pegs are in the ground and it is a simple matter of walking the block to find them.

These are the square pegs that are driven into the ground to signify where your boundary is. If this have been newly mapped out (i.e. a new subdivision) then they should be in place and…[Read more]

Hi Tim,

At the bottom of this page (every page) is a block named as the Training Centre. Look in there for the area called “Developing”, and click on that (or go straight there – https://www.propertyinvesting.com/develop/ )

It consists of a number of articles written by various authors – these will fill your mind with stories, options,…[Read more]

“and in a falling market you could lose 10%+ and that could be all your profit……”

Those I have heard who develop won’t get out of bed for 10% return. Usually 20% minimum and climbing.

Still, if they got caught badly, even if just a 10% drop in values they might hold, leading to higher Interest costs which could erode their profits even…[Read more]

Ah, OK – my question to myself has now become “Is $1m enough?” But hey, I’m sure you’ve got that all sorted – go for it.

I hope one of the finance gurus stops by with some thoughts re your finance question……

Benny

Hi Ozboy,

I can’t help with any re-financing ideas – but you did say you would appreciate any comments, and I wanted to say that I gasped when I read how much you were about to spend, and simply wnated to ask whether you weren’t over-capitalising majorly???

Of course, there are units and units – and locations that lift some values way above…[Read more]

Hi CallumA,
“I am not about to purchase an older home….”

I presume that was a typo, and should have read “I am now about to purchase an older home….” ;)

Any answer to your question re “How much would the value drop?” would require a lot more knowledge about the initial block – size, value, location, size after subdivision, etc.…[Read more]