Hi Mikey,

Welcome aboard – you have come to a good place. I just did a quick check and saw that LMI based on a $400k buy

at 95% is $14k
90% is $7.7k,
88% is $5.0K and
85% is $4.3k

So, you can see how things take a sudden turn Northward once you exceed 88%. I should have done 89% too – but you can do that.

Here’s the…[Read more]

Hi Sector and Michelle,

Welcome to both of you – there is a lot to take in, that’s for sure. I suggest you start off by doing a heap of reading – some of the “early stuff” can help you to quickly get up to speed with things. And yes, finance is one of the earlier requirements, and by speaking with a Broker who has runs on the board, you will…[Read more]

Hi Dean,

I N T E R E S T I N G !!!!

You will be keeping in touch, no doubt? Good luck with it,

Benny

Well, here we are twelve months later – Seems I was too conservative in my outlook…. How did you fare?

We were at 2% Cash Rate in August last year, and I was saying status quo, or maybe one tick lower. Blew ME out of the water, as we are at 1.5% now, and still some bias toward getting lower.

I wonder what other polls are now 12 months down…[Read more]

Well, here we are twelve months later – Seems I was too conservative in my outlook…. How did you fare?

We were at 2% Cash Rate in August last year, and I was saying status quo, or maybe one tick lower. Blew ME out of the water, as we are at 1.5% now, and still some bias toward getting lower still.

I wonder what other polls are now 12 months…[Read more]

Well, here we are twelve months later – Seems I was too conservative in my outlook…. How did you fare?

We were at 2% Cash Rate in August last year, and I was saying status quo, or maybe one tick lower. Blew ME out of the water, as we are at 1.5% now, and still some bias toward getting lower.

Benny

Hi Ben,

What sort of properties are going to be best suited, am I looking for new builds with better depreciation initially?

One of the subjects I am wanting to highlight in my “Big Picture for New Readers” thread is one that discusses this whole subject. Maybe THIS thread could become the one I want?

I do know that some well-regarded…[Read more]

Hi Ben,

What sort of properties are going to be best suited, am I looking for new builds with better depreciation initially?

One of the posts I am wanting to highlight in my “Big Picture for New Readers” thread is one that discusses this whole subject. Maybe THIS thread could become the one I want?

I do know that some well-regarded people…[Read more]

Hi Ben,
One of the posts I am wanting to highlight in my “Big Picture for New Readers” thread is one that discusses this whole subject. Maybe THIS thread could become the one I want?

I do know that some well-regarded people on here have talked to this subject in the past, perhaps as individual replies to other threads. Hopefully they will…[Read more]

Hi Adam,
On the surface, I would say b. is correct. The “valuation at $520k” might be a whole other ballgame though – what does the ATO require? I wouldn’t think an RE agent’s appraisal would be sufficient.

Anyway, there are others on here who will KNOW… mine is a guess,

Benny

Hi Tom,

I thought with a positive geared property and my numbers stacking up ok 330 shouldnt have been a problem?

I totally agree !! I think you might be about to find that a Mortgage Broker can come up with a WAY better result for you than most individual banks can. Of course, right now, we are firing blind as there isn’t any info re your income…[Read more]

Hi Tom,
I think you might be about to find that a Mortgage Broker can come up with a WAY better result for you than most individual lenders can. Of course, right now, we are firing blind as there isn’t any info re your income apart from rent. I am guessing that you have a reasonable income to be able to put aside $60k in cash.

Anyway, I…[Read more]

Hi Barlow and TheWolf,

Meetings are posted in the “Heads Up” forum
https://www.propertyinvesting.com/forums/heads-up/

You will see there is a meeting planned at Bulleen for next week if you wanted to check it out…. Go to the link and check out each thread – there are PAGES of these, and you will get an idea of just when such meetings are…[Read more]

Hi Barlow,

Meetings are posted in the “Heads Up” forum
https://www.propertyinvesting.com/forums/heads-up/

You will see there is a meeting planned at Bulleen for next week if you wanted to check it out…. Go to the link and check out each thread – there are PAGES of these, and you will get an idea of just when such meetings are held.

Benny

Hi Rebecca,

I’ve only just been approached to invest into Armstrong creek

Whoa !! Warning – cold calls from businesses wanting to sell you property is one of the louder “alarm bells”.

There are several alarms that give a warning that you might be about to buy something that is less than it is presented to be. Other alarms include them “…[Read more]

Hi Rebecca,
How does the price compare to other similar properties for sale there? That is quite a small block of land. So do compare apples with apples, eh?

I don’t know Reventon, nor Armstrong Creek, so I can’t deal in absolutes – sorry. But it’s always good to ask a few more questions….. It could save you thousands, or it could…[Read more]

Hi Pat,

I’m not sure what I’m allowed to post on here in regarding my number or website etc but feel free to contact me for any questions. I love talking property!

Like many business people on here, you may include contact details, website, in your signature. Do not promote your business via any link in the post – but if anyone wants to mak…[Read more]

Hi Terry,
Yeah I recall a similar phrase too….. That’s the end goal.

Hi Colin,
Wow, that is NICE !! Would have put quite a smile on your dial…. :p

Benny

Hi Sonny,

I have heard of others (experienced investors) who buy land when the prices are good, and more than one at a time. The major question really is “Are these land blocks really good deals?” Much of that answer will depend on who is developing them. Although I’m sure there are a host of good, honest business people doing good deals, the…[Read more]

Hi Sonny,

I have heard of others (experienced investors who buy land when the prices are good, and more than one at a time. The major question really is “Are these land blocks really good deals?” Much of the answer will depend on who is developing them. Although I’m sure there are a host of good, honest business people doing good deals, the…[Read more]