Benny replied to the topic Joint-owning real estate with a developer in the forum Help Needed! 9 years, 10 months ago
Hi Huskisson,
Sounds like the two sisters have their heads screwed on right.
They can not come up with the $1.1M+ that would be required to pay out their brothers, so are looking at other options for how to retain their shares, with the ultimate goal of owning an apartment in the new development and making some profit in the meantime.
Benny replied to the topic "The big picture" – for new readers especially… in the forum General Property 9 years, 10 months ago
In the big world of finance, some members may prefer to “sit down in front of a new adviser” rather than using phone, email, etc to discuss financial things with someone they have never met before. In that case, knowing just WHERE a Mortgage Broker is based would be useful….
So, WHERE are the MB’s on this website based?
Check this thread…[Read more]
Benny replied to the topic "The big picture" – for new readers especially… in the forum General Property 9 years, 10 months ago
In the big world of finance, some newer members may well wish to “sit down in front of a new adviser” rather than using phone, email, etc to discuss financial things. In that case, knowing just WHERE a Mortgage Broker is based would be useful….
So, WHERE are the MB’s on this website based?
Check this thread for info on several of ours…[Read more]
Benny replied to the topic What to do when you are maxed out for finance in the forum Help Needed! 9 years, 10 months ago
Bueno, Ethan !!
And for Tyzzer, you might like to check out Colin Rice’s signature in this post :-
Hope he can help,
Benny
Benny replied to the topic To all Mortgage Brokers (and other Advisers too) in the forum Finance 9 years, 10 months ago
You’re a champ, Ethan !! *applause*
And, for others reading, also wanting a Mortgage Broker who is based in Perth, check out the signature in this post:-
Benny
Benny replied to the topic To all Mortgage Brokers (and other Advisers too) in the forum Finance 9 years, 10 months ago
You’re a champ, Ethan !! *applause*
Benny replied to the topic To all Mortgage Brokers (and other Advisers too) in the forum Finance 9 years, 10 months ago
Hi Ethan,
This is the post from the member who was asking:-
https://www.propertyinvesting.com/topic/5031398-what-to-do-when-you-are-maxed-out-for-finance/#post-5031418Maybe you’d like to pass on the name in that thread?
Benny
Benny started the topic To all Mortgage Brokers (and other Advisers too) in the forum Finance 9 years, 10 months ago
Hi all,
A recent post on forum was asking whether someone could recommend an adviser in a particular city…. A check of a few signatures (of MB names I know) doesn’t always show just WHERE their businesses were based.
To help those people who WANT to sit down in front of their adviser, why not add to your signature and include the city (or…[Read more]Benny started the topic To all Mortgage Brokers (and other Advisers too) in the forum Finance 9 years, 10 months ago
Hi all,
A recent post on forum was asking whether someone could recommend an adviser in a particular city…. A check of a few signatures (of MB names I know) doesn’t always show just WHERE these businesses were based.
For those people who WANT to sit down in front of their adviser, why not include the city (or cities) where your business…[Read more]
Benny replied to the topic What to do when you are maxed out for finance in the forum Help Needed! 9 years, 10 months ago
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]
Benny replied to the topic Purple Bricks – No good? in the forum Buy, Swap & Sell 9 years, 10 months ago
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]
Benny replied to the topic What to do when you are maxed out for finance in the forum Help Needed! 9 years, 10 months ago
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]
Benny replied to the topic good yield and growth and low vacancy rate IP: do they exist in the forum Help Needed! 9 years, 10 months ago
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]
Benny replied to the topic If there is a house rented to housing commission is 300 m away in the forum Help Needed! 9 years, 10 months ago
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]
Benny replied to the topic "The big picture" – for new readers especially… in the forum General Property 9 years, 10 months ago
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]
Benny replied to the topic "The big picture" – for new readers especially… in the forum General Property 9 years, 10 months ago
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]
Benny replied to the topic "The big picture" – for new readers especially… in the forum General Property 9 years, 10 months ago
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]
Benny replied to the topic If there is a house rented to housing commission is 300 m away in the forum Help Needed! 9 years, 10 months ago
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]
Benny replied to the topic If there is a house rented to housing commission is 300 m away in the forum Help Needed! 9 years, 10 months ago
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]
Benny replied to the topic newby in the forum Help Needed! 9 years, 10 months ago
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
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