Recall an article by Michael Matusik about 10 years ago which stated, in part, that proximity to train stations & other transport nodes (Eg. bus terminus) had a signifcant effect on property values. This was more the case the property was up to 1km from the transport node – the growth of these properties was approx 15% higher than other…[Read more]
The underlying reason to 'pair up' is the key.
Being joined at the hip even in a trust needs to be carefully thought through.
If you are seeking a sounding board – find someone who is in the same sphere and meet up for coffee on a regular basis. Share ideas and stay on track that way.
Without knowing all of the details it may be to your long term benefit to look at shifting your loan across to a bank.
Grab yourself a decent broker – Jamie has already given you a lot of good advice so give him a call – and explore the plusses and minusses of moving over to a bank.
It may be a case of one step backwards to make many forward.
Congrats on your purchase Dan,
Your buy sounds a little like our first – we had lemon yellow walls with burnt orange bench tops in the kitchen, timber panellng on one wall in the third bedroom with wallpapered large ships on the other walls, burnt yellow carpet throughout and so on.
We painted and profited and I am sure you will too. Start…[Read more]
I assume you would like to build your flat in WA.
Legislation relating to Granny Flats in WA has recently been relaxed a little partially in an effort to provide cheaper housing for the less well off and with minimal Govt assistance.
The WA Planning Commission recently released a new set of guidelines relating to zoning and by…[Read more]
Some of the issues will remain – particularly those related to market conditions which are always a consideration for 'longer term' contracts.
Have you inspected the block? Often with build contracts there are provisional costs for things such as landscaping costs. If your block has any slope the provisional cost allowance may be…[Read more]
Certainly time to take one step back and get the structuring right (from tax perspective and future investments) so you can forward from there.
Even if you need to refinance to 'tidy things up' it will be worth it in the long run. Clean is good.
I do recall reading an article written many years ago by Michael Matusik which claimed property located within 1km of train stations, bus transit stations, transport hubs/nodes out-performed the remainder of the suburb by 15% (from memory).
For this reason we tend to start near transport nodes and work from there when doing our…[Read more]
The interest on the $115K is deductible as the expenses were incurred to buy an income earning asset.
Try and separate the redraw funds into a second facility so it is nice and clean from a record keeping perspective. If you can do this there is no question, from a deductibility, ATO accountability perspective.
Your bank statement/s will verify…[Read more]
Hasn't that trend been around since time immemorial?
And then there are others who see the value of professional service and knowledge and are happy to pay for it – in some ways this is an investment too.
The challenge is trying to work out who can legitimately charge the 'big bucks'
Derek replied to the topic My recent visit to the US…Atlanta, Ohio, Detroit…. in the forum Overseas Deals 7 years ago
A town planner or companies specialising in obtaining the relevant permits/DA would be the way to go in order to see if you can develop your block and to maximise the block e.g. how many units, highest and best use etc
This is the key to your success – we do some work in this sphere and have had instances where planning departments…[Read more]
Apparently they have also traded or do trade as Bhatla Property Group. They have come up in discussions a few times.
Might be worth a search of the forum – top right corner = search facility.
oh also, l can only work wth the NAB or the commonwealth bank in the town as no other bank will be willing to lend because of the remoteness
This statement is enough for me – walk away.
As Luke said – if all of the Big 4 don't like the property then potential resale later is somewhat problematic and as a property investor you…[Read more]
I was going to put 20K down and borrow the rest.
There is growth but yes, its very slow. The good thing (i think) i may be wrong is that there are no rental properties available in this town at all, and the list is very long.
My girlfriend has finished renovating the property and so has a complete new bathroom and kitchen, and…[Read more]
With a gross rent return of 9.1% sounds like this will be a 'cash flow' only type of buy.
If your girlfriend has to sell to release equity it suggest the banks are not overly comfortable with the area, or the property's value has not increased, or there are underlying problems with the town/property. You'll need to investigate further.
How are…[Read more]
- Load More