Good thoughts already !! Kudos.

Though your Title refers to apartments, I’m replying below as though this is shared accommodation in a house – most of these could apply to an apartment too….

Add to that the numbers may look really good with (say) 4 students paying $160 a week – beauty $640 a week instead of $450 to a family group. But…[Read more]

Hi Josh,

there is a rental guarantee of 470 for the first year,

That is one amount that you will have paid for in the price, for sure.

But right now, the BEST thing you can do is to check comparative units in the same area (not in that development) and see whether $470 a week is “about right”.

If it is way over the mark, that sends you…[Read more]

Hi tjamuna,

i am looking to borrow as much as i can without realizing equity ! !

Does that mean you are looking to take out a Personal Loan then? Or use a credit card? Is there a particular reason you DON’T want to draw on equity?

Benny

Hi Chief,
Have you got something to share with us? Did you end up investing there yourself? How has it gone? Does Danang still “look” like it did 8 years ago? Do tell,

Benny

Hi Hiiph,
Welcome to this place. Has your brother also registered with us? There have already been some great answers posted – kudos to the posters *applause*

I figured your brother might also get some benefit from this link :-

https://www.propertyinvesting.com/forums/general-property/4349450

It endeavours to group together a lot of…[Read more]

Hi PW,
That link to the Sage property was a good one. I was impressed by a couple of things – the low vacancy rate, and the “look” of the apartment (IF the photo is of an apartment selling for $345k, that is). It appears to be genuine good value.

Add Mike Matusik’s words, and overall it looks pretty good – almost unbelievable. But then…[Read more]

Hi SAH,

My main question was about the new unit market? Any thoughts,

Although Units often have a Gross Rental Yield higher than houses, their Nett Yield is not often positive unless you buy very well. And purchasing OTP is not usually the way that one finds positive yields. I’d be interested to see if these ones are any different – can you…[Read more]

Hi Hot Stuff,
As a landlord who was (once) quite unfamiliar with gas hot water, I wasn’t aware of a Pilot light, and would have been the same if I was renting a place for myself. So, I think don’t blame the tenant right off – here’s who I would be asking some hard questions of right now :-

Property manager calls me and says that the unit will…

[Read more]

Hi Wiwin,

I don’t really understand how people can buy 14 ip in a year’s time.

Well, not quite 14 in a years time, but Darryl did a pretty impressive job none-the-less. Take a look :-

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

While you are in that thread too, there are a num…[Read more]

Hi Derek,

Is there a way she could keep both properties and take out a new mortgage with any existing equity even though she is no longer working or would the best idea be to sell them both or keep one and sell the other?

MIL has some good choices there. You don’t say, but is it likely that she owns these two outright? Since she is unable to…[Read more]

Hi all,

First off, let me recommend that you go to the Home page, look on the right side (under Private Messages) and look for the “Strategies Explained” area. The first strategies are “Positive Gearing” and “Negative Gearing”. Have a read of both of those.

Just today, the forum underwent another transformation – what used to say “Strategies…[Read more]

Jeff,

do you have any one who you think can assist me on this?

I know a few RE agents, but none that I know frequent this place. I may mention your question to them next time we meet up – if any of them show interest, I will direct them to this place, and your thread.

Maybe other members might be able to help,
Benny

Hi JZ,

I stumbled on this piece about negative gearing, highlighting the pitfalls and misconceptions and will approach this with much more caution.

It contains really worthwhile information. The main slant though (I believe) was to warn against “those that will try to sell you their new offering by using it to show how little it will cost you…[Read more]

Hi JeffC,
Welcome as a new member to our site. I hope you are enjoying the information available herein.

Re your post above, it shows a lot of thought going into the process. A pity you have had no replies, but then I don’t know just how many on here are RE agents (the numbers might be quite small).

Further to your questions though, I…[Read more]

HI again JZ,
I’ll put my opinions re some of these – hopefully others might put counter-points, leading to a more rounded look at this complex area for you. See what you make of these thoughts :-

1) From an investing point of view, would you forfeit FHOG for a good opportunity?

Hmm, define “forfeit” !! If you mean would I NOT use FHOG to…[Read more]

Hi JZ,
Welcome to you too – it is good that you have found us, as it sounds like you are well-prepared financially to make a go of IP’s. But first, do have a think about where you want to be, and whether you will need cashflow or Growth to achieve it.

The “Do I buy a PPOR or an IP?” is one of those early questions, and it would be good to…[Read more]

Hi Dean,
And a big welcome to you into our community. I hope joining up proves to be a life-changing event for you. :)

I can’t comment on Yale specifically as I don’t know them. But this comment of yours had me smile – it reminded me of me about 25 years ago:-

To be honest, I had not thought much about IP’s before tonight as I always v…

[Read more]

Hi Dean,
And a big welcome to you into our community. I hope joining up proves to be a life-changing event for you. :)

I can’t comment on Yale specifically as I don’t know them. But this comment of yours had me smile – it reminded me of me about 25 years ago:-

To be honest, I had not thought much about IP’s before tonight as I always v…

[Read more]

I have used Qld Law Group several times – based in Springwood. Very happy with them.
http://www.qldlawgroup.com.au/reception.html

Kirsty is very knowledgeable and decisive – did one for me just a month or so back. Conveyancing charge is $550 which seems to be pretty normal.

Benny