Total Members: 158,540

Ephraem1

  • Ephraem1 replied to the topic What Property Networking meeting in Melbourne in the forum Heads Up! 11 years, 7 months ago

    Hi Scott,
    If you are looking for regular property investment network opportunities in the CBD of Melbourne you can find them here: http://www.meetup.com/PropertyInvestmentGroup/
    There are 430+members and it's free of charge.
    Hope that helps,

  • Ephraem1 replied to the topic Advice needed on next investing move in the forum It may also help to ask for 11 years, 7 months ago

    It may also help to ask for references of your friend and to do some due diligence as suggested above

  • Ephraem1 replied to the topic Positive to Negative Gearing a property in the forum Help Needed! 11 years, 7 months ago

    Hi Raj,
    just a thought, but if you really would like to turn your property into negative gearing you may go to a bank or mortgage broker and ask to refinance it. You could then keep both properties and use the loan to buy a new bigger one. it really depends on your financial situation though…

  • Ephraem1 replied to the topic Auctions Sales Mortgage in Possession in the forum Creative Investing 11 years, 7 months ago

    Thanks guys for the links! very helpful!

  • Ephraem1 replied to the topic Selling with vendor carry back in the forum Creative Investing 11 years, 7 months ago

    Hi Cherie,
    re interest rate there are different schools about that. I found 1% above market or 2% about market rate to be quite popular.
    re your secuirty: i would recommend to discuss that with your solicitor. I found that many people have a caveat as security and a unregistered second mortgage. the primary lender shouldn't be concerned, since…[Read more]

  • Ephraem1 replied to the topic Home Staging in the forum Value Adding 11 years, 7 months ago

    My friend also had a good experience with home staging and claims to have achieved a sales price $15,000 higher than market! I found that the only pitfall of home staging may be that some people overdo it and overcapitalize. Good luck and would be happy to hear about your result!

  • Ephraem1 replied to the topic Motel Investment in the forum Commercial Property 11 years, 7 months ago

    congrats the crest! good on you!

  • Ephraem1 replied to the topic Posts in the Overseas Deals Forum in the forum Overseas Deals 11 years, 7 months ago

    @kylermrice: I've been to a couple of USA investment seminars and found the returns quite promising since there is some good capital growth potential (long term), good rental returns (usually at least 8% net) and the aussie dollar is unusually strong which gives you a lot of purchasing power right now and should the Au$ fall in the future and you…[Read more]

  • Ephraem1 replied to the topic Need help in mentor program in the forum Help Needed! 11 years, 7 months ago

    Cristy, what I found helpful in making a decision is to be clear about your goals. What is it that you are after?-An extra income stream? then go for positive cashflow. Tax deductions? then do negative gearing. Capital growth: then do buy and hold. Big amounts of profit in short time: reno, flips, developments, vendor finance (although these…[Read more]

  • Ephraem1 replied to the topic Can new homes or units be CF neutral/positive? in the forum Help Needed! 11 years, 11 months ago

    Hi Owl,there is a way to turn a new home into big positive cashflow using a strategy called "owner finance". Which state are you based?

  • Ephraem1 replied to the topic casual worker trying to enter property market – can it be done?? in the forum Help Needed! 11 years, 11 months ago

    As stated before a broker may give you an idea which loan products are out there. Have you ever considered paying directly to an owner? This would allow you to buy the property without a loan and you could still try to obtain a bank loan some time later.

  • Ephraem1 replied to the topic Renovating a property during settlement (vic) in the forum Help Needed! 11 years, 11 months ago

    good on you jmsrachel for getting the license for free! I have often found that the less interested you sound during a negotiation the better your position becomes. this seems to be another proof for that. I have heard of changes being made by laypeople before, but i would suggest to get an opinion on legality from your solicitor

  • Ephraem1 replied to the topic How much is your real estate agent’s commission? in the forum Help Needed! 11 years, 11 months ago

    Asking around in the metropolitan area of Melbourne a standard rate seems to be around 2%+ admin/advertisement fee

  • Ephraem1 replied to the topic Accidental Investor – best loan structure? Pitfalls? Help! in the forum Help Needed! 11 years, 11 months ago

    +1to mattsta, It is generally considered safer to take out separate loans on properties and not to cross collateralize. This way, in an unlikely worst case scenario, if a lender was to repossess the house it can only touch one house as the other is independent. @your Broker: +1! the banks definitely recommend to cross collateralize since then they…[Read more]

  • Ephraem1 replied to the topic Answers to “Where to Find CF+ Deals” in the forum Help Needed! 11 years, 11 months ago

    Hi adambc and fellow property enthusiasts,have you ever considered a investment strategy called owner finance? It enables you to turn almost any property into positive cashflow…Cheers

Ephraem1

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