Forum Replies Created
Thanks Christian,
Too much typing not enough grammar checking.
Kindest regards,
-
This reply was modified 9 years ago by
Brian.
Brian | Commercial Property Investors
http://commercialpropertyinvestors.com.au/
Email Me“To escape criticism: do nothing, say nothing, be nothing.” - Elbert Hubbard
G’day Tamara,
Ultra late response I apologise.
Unfortunately not, I have friends who invest in Melbourne and Albury/Wodonga however not Sydney.
I’m sorry I couldn’t be much more help.
Kindest regards,
Brian
Brian | Commercial Property Investors
http://commercialpropertyinvestors.com.au/
Email Me“To escape criticism: do nothing, say nothing, be nothing.” - Elbert Hubbard
G’day Samantha,
By the look of your post you have done enough research to see the best path to take so I agree with Tracey who said GO FOR IT. You’re smart, passionate and will no doubt learn what you need to to make it work. I do recommend starting of small with something you are comfortable with and slowly increase your portfolio to larger properties as you gain more knowledge and understand the flow of the transaction and management of a property. You can purchase commercial property starting from $50,000 like a car park all the way to multi-million dollar logistical centers, the skies the limit. There’s allot of talk about starting of in residential because it’s easier than commercial where I tend to disagree. There is no point learning residential if commercial is your final goal, you might as well spend time learning what you need too and make it your strength. Commercial property isn’t riskier than residential it’s just different, however allot of the fundamentals are the same. Like any investment there are risks, you just need to know what they are and how to mitigate them. The perceived risks in commercial are sometimes strengths i.e.
– There is a lower LVR in commercial property. This is true however the Value of the property is generally based on the income it receives and not what the property next door sold for. This could work in your favor if you could find some ways to increase the rent of the property, which increases the value which in-turn you can put less money in to the deal to purchase.
– You could be left with a vacant property. This is probably the larges risk with commercial property however to offset this when you do find a tenant it’s not uncommon to sign a 5 to 15 year lease plus lease renewals where as residential is maximum around 1 year.
I hope this helps and would be interested in how you progress.
Kindest regards,
Brian
http://www.commercialpropertyinvsestors.com.au
Brian | Commercial Property Investors
http://commercialpropertyinvestors.com.au/
Email Me“To escape criticism: do nothing, say nothing, be nothing.” - Elbert Hubbard
I like the live in part.
Thats a great idea Danielle, option a property for a reno, explain to the owners to take in to account the rent that would have been paid during the time of the renovation in the option price. Sell with deposit finance
Cheers,
Brian
Brian | Commercial Property Investors
http://commercialpropertyinvestors.com.au/
Email Me“To escape criticism: do nothing, say nothing, be nothing.” - Elbert Hubbard
Either you Oly lift of Crossfit but I found that once I followed http://outlawcoach.wordpress.com/ programing my snatch went up from 85 to 100kg. Check it out
Brian | Commercial Property Investors
http://commercialpropertyinvestors.com.au/
Email Me“To escape criticism: do nothing, say nothing, be nothing.” - Elbert Hubbard
2013 is my Year!!!
My goal for 2013 is the accumulate 13 VF properties returning $400 pm by the 8th July 2013. This produce $62,400.00 PA which will replace my income from the Army so I can move in to full time property development in Adelaide.
Ambitious goal yesss!!! however I'v always thought that if we can put robots on Mars, drop people from the ceiling of the atmosphere of earth or even purchase 130 properties in 3.5 years, smaller goals like this are achievable.
The only limitation we have are the ones we place in our own minds.
Have a great year everybody and look forward to one day waking up and having decision to go or not go to work.
Brian | Commercial Property Investors
http://commercialpropertyinvestors.com.au/
Email Me“To escape criticism: do nothing, say nothing, be nothing.” - Elbert Hubbard
Nick.Moriconi wrote:Hey Amit,my name is Nick, I am a property investor also, I do find RP data extremely useful, because I can find out how much vendors have paid for their properties, and also has a lot of useful report and valuations tools. I am part of a group that gets RP Data in NSW, QLD, VIC for 120$ per Month,can cancel anytime, we are always looking for new members for getting a better RP Data subscription.
Contact me if you want to join up!
Cheers
Nick
Hey Nick,
I’m also looking for a group to subscribe with. Can you send me any details for the person I have to contact to become apart of your group.
Cheers
Brian
Brian | Commercial Property Investors
http://commercialpropertyinvestors.com.au/
Email Me“To escape criticism: do nothing, say nothing, be nothing.” - Elbert Hubbard
-
This reply was modified 9 years ago by
