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]

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 a host of good, honest business people doing good deals, the whole…[Read more]

Hi San,

If you are investing and looking for a house as IP, where would you buy now?

Much more important than where would I buy, is the question “What are your goals?” It is also important to know where you are in terms of your investing ability – financial situation, skillset, risk appetite, age, job security, knowledge, etc, etc.

Give some…[Read more]

Hi San,

If you are investing and looking for a house as IP, where would you buy now?

Much more important than where would I buy, is the question “What are your goals?” It is also important to know where you are in terms of your investing ability – financial situation, skillset, risk appetite, age, job security, knowledge, etc, etc.

Give some…[Read more]

@Benny, @Jamie, Are you investors?

I was when I was using Nick – now semi-retired, but still interested in property…. You never know what might suddenly pop up. ;)

Benny

Hi Ethan,

I wonder if Jerry picked it? Related parties or similar.

Funny thing is that it shouldn’t matter that much even if you DID accept the tenants as they stand. One has no lease, so they could be out in 30 days or so – the other, well, how long is on their lease before renewal – and, at renewal time, the vendor is out of the…[Read more]

Hi all,
I wonder if fxdaemon might be thinking of Asset Based Lending, rather than non-recourse – you know, the kind where they will lend to 65% with no documentation re Income required at all.

On this low LVR, if any problems were to occur, they can sell even at fire sale prices and reclaim their loan in full.

Benny

Hi Kbrodee,

Can anyone shed some light on how the median price on realestate.com.au is calculated??

Yes, I can – I went to the source, pulled up that same property, then, where it shows Median Price, clicked on it. It opens up to show you the numbers, then has a comment like “How was this calculated?” Click on THAT, and all is…[Read more]

Hi Kbrodee,

Can anyone shed some light on how the median price on realestate.com.au is calculated??

Yes, I can – I went to the source, pulled up that same property, then, where it shows Median Price, clicked on it. It opens up to show you the numbers, then has a comment like “How was this calculated?” Click on THAT, and all is…[Read more]