When I purchased they weren’t necessarily promoting positive cash flow. But definantly talking about the power of bulk purchase. In fact of the 3 investment properties I own it is the only negatively geared one.

I purchased a town house down on the gold coast. Now don’t groan. It isn’t on the strip. It is in a suburb called Benowa. It is close to…[Read more]

Hi Benson

About 4 or so years ago I purchased a property in Qld through (Kevin Youngs) investors club. This was at a time when I was fairly new to property investing. It attracted me because I was time poor and liked the idea of having someone research properties for me. The points that they talked about looking for re purchasing a property…[Read more]

Dav
I haven’t purchased any commercial property but from what I read the guidelines are the same as purchasing residential. The one main thing that stands out for me is that commercial properties can be vacant for much longer periods then residential, so you have to make sure you can service the loan for extended periods when you don’t have a…[Read more]

I haven’t heard of them. But let us know how you go.
BB[]

Would the Australian Bureau of Statistics have anything?

You could scan the papers in that region to get a feel for what is being advertised and for how long. Or you could contact agents and pose as a person wanting to rent.

It also depends on the quality of the property and how you treat your tenants. if your a slum landlord people aren’t going…[Read more]

Gav
When you speak of a buyers advocate are you meaning someone who buys a property on your behalf or advises you on what to buy??

I’d be looking at whether this person works on a commission and if so would tread carefully as they may be promoting a “great buy” when really they are just the front person for a development that is into ripping off…[Read more]

Hi R

I recently upgraded my insurance cover (I’m with AAMI). It was in consultation with AAMI. They have a proforma guide re this.

Cheers
BB

Can’t help you with Melb. but if your ever in Canberra I can give you a list of game dates.

BB

Brad

I think the best thing to do is grab a map. Identify the radius area from the CBD that satisfies the 30min travel criteria required and start researching. Look for any major developments ie roads (this will impact on the time it takes to get to the CBD), buildings, sport/entertainment complexes. Also look at transport routes. Check out the…[Read more]

Hi Alex

I’m not sure of the advantage of an independent valuer prior to purchase particularly given that the bank will be valuing if your taking out a loan.

Re the builder, I think it is a good idea to see if they can come along with you and check it out etc. Otherwise you could put a clause in the contract about the purchase being subject to…[Read more]

TJ
If a person doesn’t have an income in some shape or form that won’t get finance as they won’t be able to pay back the loan, unless I guess they have assets they can sell.

Re a person on the pension I guess it depends on the repayment requirements and whether they can prove that they can repay to the banks satisfaction.

I don’t think being a…[Read more]

Hi Helen

Another idea which I have started on is speaking with friends, partners etc who I know have spare time and like using the internet. I have told them my goals on wealth creation and the types of properties I’m looking for. I have then offered to pay them a spotters fee for every property I purchase.

The way I see it, it is a win-win…[Read more]

Hi Neo
I use an insurance broker who basically does all the leg work for me re looking for the best price to suit my needs.

I can provide you with her details if you like. I have a couple of properties which are scattered around the country side, insured through her.

The prices she found for me were cheaper than anything I could find.
BB

Smirkky

I’d be tempted to buy the investment property first and have someone else pay off your mortgage for you. Plus you can get tax advantages from an IP then if you were living in a house that you were buying.

You also need to look at the figures and what type of returns etc you’ll get.

Betty Blockbuster

Hi TJ

One would think in most cases that the utilities would be connected when you initially inspect the property prior to purchase. Unless I guess if it has been a rental property and has been vacant for some time.

I’m sure you could come to some arrangement with the vendor so you can ensure equipment is functioning, otherwise you may get an…[Read more]

Hi Richmond

Last time I brought a property up near southport I used a group called Martinez Solicitors. They seemed to be good and on the ball.
Betty Blockbuster

Hi Jason
It been a while since I’ve purchased a property but from memory the initial contract at time of deposit has a facility to include the clause re subject to finance and pest inspection etc.

The letter of offer can just have the details of the propoerty ie address, how much you are offering and the expiry date of the offer.

Betty Blockbuster

Hi Louise
I don’t know the development. I do know St Kilda, yes good markets but is that what you would be buying the unit for?

I think it all comes down to working out the figures on rates of return, median prices, demographics and other developments around (Just to mention a few things).

Don’t forget to buy with your head and not your…[Read more]

Hi DS

I haven’t heard of the guy you’ve mentioned, but I agree with terry. If it is a free seminar it is always worth a look. And if you don’t like it or it does turn out to be a subtle sell you can always leave.

The way I figure it is that you are not going to get all your answers from one seminar or one book.But you’ve got to start somewhere.…[Read more]

Hi Boris
I’m not sure about the legalities of selling to your trust but to a relative there are two ways you could go about getting an evaluation (that I know of).

1) By obtaining quotes from a few real estate agents and working out the average value. But with this approach you need to keep in mind that it isn’t neccessarily the true market value…[Read more]