I wanted to throw another aspect to Coogee’s opinion on +VE cashflow property. I have sold property with a 33% increase in capital based on a buying price vs my end selling price within 15 months(ownership) due to cashflow not due solely to capital growth. There is a strong demand in market for properties that yield high so if you can build in…[Read more]
I’m building a Granny Flat in a few months to create a dual dwelling cashflow positive investment. I’m trying to find find numbers on what valuation I’m likely to receive on the following.
Purchase Price: $270,000 (slightly below market value)
Granny Flat Construction: $106,500 (hard cost not including council contributions)
Thanks for the replies. I only have $19k on the existing property I own for equity. Has anyone taken out a business loan and borrowed against a new business as start up capital for investing in IPs? Based on the strategy I’m using I can service the additional loan while still staying cashflow positive on the basis I can keep an Interest Only…[Read more]
Clint replied to the topic Ways to structure business of buying, renovating and selling properties in Trust in the forum Legal & Accounting 5 years, 10 months ago
I’m in a similar situation and have found that the best possible direction to take now is hire the best possible team by being honest and clear to them about what you want. They are going to have a collective knowledge that should continue to be insightful and incredibly helpful. Ask for recommendations for the team and qualify them.…[Read more]
I am buying another property in January and I wanted to explore options for not using my own money to purchase the property. I wanted to raise capital to use as the down payment and buying costs.
Does anyone know of non-traditional ways to raise this money? 1 way I thought was to do a cash advance of $20k-$30k on my credit card and then…[Read more]
I recommend contacting a kit home specialist and asking them what some of their existing clients have paid for with full installation and associated costs in your local area. I went through this process and that was the most accurate forecast on full costs that I received. Don’t settle for the advertised kit home prices. There are additional…[Read more]