PropertyInvesting.com | gafama | Activity https://www.propertyinvesting.com/members/gafama/activity/ Activity feed for gafama. Sun, 12 Apr 2026 08:33:28 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b94bec10343a555123d8129ff21f7e84 gafama replied to the topic To buy or not to buy - That is the Question.... in the forum General Property https://www.propertyinvesting.com/topic/4389531-to-buy-or-not-to-buy-that-is-the-question/#post-4567385 Wed, 09 May 2007 02:11:42 +0000 Hi NickI have a couple of properties in the western Subs of Melbourne (even though I'm based in Sydney).  You're right – that close to the beach in Sydney would be worth a lot more.Don't know much about Altona and up until recently I have been ecstatic about my properties in Melb however the last 6 months have seen massive rental increases for…[Read more]

]]> cfb5a4d204820363089e9a4bfd6fb49c gafama replied to the topic expression of interest in the forum General Property https://www.propertyinvesting.com/topic/4389547-expression-of-interest/#post-4567430 Wed, 09 May 2007 02:04:58 +0000 I just ask the agent .  Sometimes they're cagey but I always press for a price – I tell them I'm not interested in wasting time.  I usually get an indication.RegardsMegan

]]> 0b378362ca7250e143ad38d4832e124f gafama replied to the topic Subdivisionin Brisbane in the forum Value Adding https://www.propertyinvesting.com/topic/4389458-subdivisionin-brisbane/#post-4567113 Wed, 09 May 2007 01:54:38 +0000 Hi LilyhutchThere are  a number of costs associated so I'm not sure if you mean council costs (which should be available from them) to the actual costs of the subdivision.  The costs relating to the subdivision depend very much on what needs to be done.  Are there existing services to the block, how far do you have to run them to the new bl…[Read more]

]]> b5064dffd2af467553fdfaf365942107 gafama replied to the topic THE NEXT STEP in the forum Help Needed! https://www.propertyinvesting.com/topic/4389542-the-next-step-2/#post-4567421 Wed, 09 May 2007 01:49:06 +0000 Hi JohannI agree with both Rob and John. To me it's all about leverage and the return you can get on the money you have available (cash or equity).  Do the sums – if you have $30K in savings you can probably borrow foro another investment property and the capital growth of two would more than likely outweigh the capital growth from the one you…[Read more]

]]> 7e8e9049a38b71ec4060e1a99a134338 gafama replied to the topic Manage own rental in the forum Help Needed! https://www.propertyinvesting.com/topic/4389498-manage-own-rental/#post-4567248 Tue, 08 May 2007 23:03:00 +0000 HI LyndonThe Rental Bond Boards in each state plus Dept of Fair Trading in each state will have all the info you need and point you in the direction for the forms.Intervew carefully, reference check carefully and inspect regularly and set the ground rules up front for what you expect – e.g. garden maintence is something that gets overlooked. …[Read more]

]]> f45a743cde324d06553f10e05f90a0ee gafama replied to the topic How to invest in property via SMSF? in the forum Creative Investing https://www.propertyinvesting.com/topic/4389395-how-to-invest-in-property-via-smsf/#post-4566807 Fri, 27 Apr 2007 05:50:21 +0000 I believe it can be done through a JV agreement and had some advise from a lawyer recommended by my accountant re this which all seemed to make sense.  JV agreements need to be set up so it does cost to do this.  I can give you the details if you want to email me.REgards

]]> c423863aa737f7b2f55c1d5a517bc200 gafama replied to the topic Wanted Opinions - Buy & Hold Strategy, -ve Gearing Vs +ve Cashflow/Gearing in the forum Creative Investing https://www.propertyinvesting.com/topic/4389370-wanted-opinions-buy-hold-strategy-ve-gearing-vs-ve-cashflowgearing/#post-4566668 Fri, 27 Apr 2007 05:48:15 +0000 Have been in the same position myself.  Sometimes it's just a matter of sitting it out.  Depending on where the properties are, there's a thought that the market is about to pick up esp in view of the fact that up to 30th June there are huge advantages to making large super conts.   Some of the banks economists are predicting that the market wil…[Read more]

]]> 96d36f7ef43c7004d73a64a8e70d461f gafama replied to the topic Private Money Lenders or Vendor Finance? in the forum Creative Investing https://www.propertyinvesting.com/topic/4389405-private-money-lenders-or-vendor-finance/#post-4566837 Fri, 27 Apr 2007 05:39:31 +0000 HI RebeccaI'm not sure what you're looking for finance but we use an assortment of lenders – including private money.  Solicitors often have rosters of clients with money to lend around the rates you mentioned.Try the classifieds of Sat paper (Herald in NSW)  There's usually a list of them in there.Regards

]]> 3ea33f844ed0808e9539129254800a2e gafama replied to the topic Unit Renovations in the forum Value Adding https://www.propertyinvesting.com/topic/4389389-unit-renovations/#post-4566773 Fri, 27 Apr 2007 05:36:48 +0000 HI I agree with the above – the thing you need to ensure is that you don't overcapitalize esp. on a 1 bedder which is a bit more limited in growth than a larger one.  I'm all in agreement however about the "worst unit in good block" strategy.Have been looking for some of these myself.Regards

]]> 99b06790f4fb4dcc89844f1cc2de111a gafama replied to the topic Business Plan in the forum Help Needed! https://www.propertyinvesting.com/topic/4389383-business-plan-2/#post-4566731 Fri, 27 Apr 2007 05:32:41 +0000 HI GaryI wouldn't get bogged down on the format – just use an excel spreadsheet for your financial plan – income vs expenses each year – and word for the other stuff.Action is more important that having the right format.  Plus using the above allows you to make dynamic changes regularly – which is how a business plan should be – a working…[Read more]

]]> 6c177cee9fdbd71e654e0fe46a9adf0b gafama replied to the topic Tips for Dealing with Real Estate Agents - I need some! in the forum Help Needed! https://www.propertyinvesting.com/topic/4389381-tips-for-dealing-with-real-estate-agents-i-need-some-2/#post-4566726 Fri, 27 Apr 2007 05:27:04 +0000 Hi MickyDIscussions on agents always get interesting responses.  WeI've just had a 15 unit site to sell – had it with 3 agents for 4 months, they averaged 6 lookers each weekend – no sales.  We took over ourselves – sold 7 in the first weekend and the rest in 4 weeks.  My opinion is that just because you pay a good price doesn't mean an agent is…[Read more]

]]> 120008e83ca48820b0db86cfec5010c2 gafama replied to the topic Rent 2 Own ... where do I start looking? in the forum Hi Sure, you can talk to the https://www.propertyinvesting.com/topic/4388578-rent-2-own-where-do-i-start-looking/#post-4562973 Mon, 23 Apr 2007 01:37:46 +0000 HiSure, you can talk to the landlady – it's worth a try.  Alternatively, talk to some of the agents around the areas you like, especially about places that have been on the market for a while – those vendors are often more keen to "deal".  Because a lot of people still don't know about vendor financing, it scares them off so the hardest part is f…[Read more]

]]> 75240fb2ade8d535c5f275e9aa330a0e gafama replied to the topic Any ideas or suggestions....? in the forum Creative Investing https://www.propertyinvesting.com/topic/4389348-any-ideas-or-suggestions/#post-4566584 Mon, 23 Apr 2007 01:34:58 +0000 HIPeople make money from all of the ways you've mentioned – and more – in real estate.  The thing is to do what you like, what you feel comfortable and what you KNOW how to do well so I agree that you should perhaps start looking around at materials to read and learn and then make a decision based on what sits best with you and what you can best…[Read more]

]]> bf9fb71a8af1c8f64cd6b6ae3639094c gafama replied to the topic the investor club in the forum As far as I'm aware, https://www.propertyinvesting.com/topic/4389363-the-investor-club-2/#post-4566639 Mon, 23 Apr 2007 01:31:15 +0000 As far as I'm aware, Investment Club finds properties for investors plus they have affiliations with financers and other supplies.  I'm always a fan of taking charge of your own destiny. 

]]> 9d8a93800b8e3590ef716d6dadf785fa gafama replied to the topic Reno: Hold and rent, or sell ? in the forum Value Adding https://www.propertyinvesting.com/topic/4389354-reno-hold-and-rent-or-sell/#post-4566606 Mon, 23 Apr 2007 01:28:26 +0000 HI BradAdrian has the numbers right – and a good philosophy – one that I've also supported however, at the end of the day, it all depends on your circumstances.I've always founds the big "achilles heel" in the buy and hold strategy is the cashflow issue.  The more you buy and hold the more cashflow drain there is – unless, of course, you find a…[Read more]

]]> a12ee59881e69dc1f88da85a55c97be9 gafama replied to the topic The process of selling on Vendor Terms in the forum Help Needed! https://www.propertyinvesting.com/topic/4389350-the-process-of-selling-on-vendor-terms/#post-4566588 Mon, 23 Apr 2007 01:21:05 +0000 HiYou don't say whether you're financing the whole of the sale or only a part of the sale price.  If your purchaser is getting first mortgage finance from another source, you will still, quite rightly, need a contract of some sort, (Vendor terms, Loan contract etc) for the amount owed to you.You should also think about your own protection of the…[Read more]

]]> 126fbec3707eb85d7984ceb717e126d7 gafama replied to the topic design and development application quote in the forum Value Adding https://www.propertyinvesting.com/topic/4388969-design-and-development-application-quote/#post-4564639 Fri, 20 Apr 2007 04:15:11 +0000 GavinI agree with the above posts.  Seems very cheap.  Designers are, of course, cheaper than architects however a word of caution – make sure it's "horses for courses".  If your development is in the higher calibre range, you'll need to go more upmarket.  You don't want to build the cheapest looking place around – no offsense to designers but the…[Read more]

]]> 07e3eb19eb91d9861cc5f331483949cd gafama replied to the topic Small Bathroom Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4389185-small-bathroom-reno/#post-4565682 Fri, 20 Apr 2007 04:09:13 +0000 New tiling will make the biggest difference – you can do a lot with a simple white tile with one wall of feature or a vertical strip of nice features in a contrast (but neutral) colour.  Can look really great and add $$$$ to the value.  Also, taps – try the auction houses.  You can get vanities and taps there.  Also nice toilet seat (not the pla…[Read more]

]]> 1c331c598e7566b6d66e6b652ef1c108 gafama replied to the topic Development process in the forum Value Adding https://www.propertyinvesting.com/topic/4388968-development-process/#post-4564634 Thu, 19 Apr 2007 23:07:08 +0000 HI GavinMost financiers will want to see at least rough plans as they do their own feasibility on your site before they decide whether or not they will lend on the project.  We get provisional finance all the time for developments without a DA but you do need to have at least some concepts and a property prepared feasibility with ALL the…[Read more]

]]> 1f1a002118095417129c1fca123c9cc3 gafama replied to the topic how much does it cost to buid in the forum Value Adding https://www.propertyinvesting.com/topic/4388740-how-much-does-it-cost-to-buid/#post-4563635 Thu, 19 Apr 2007 22:56:53 +0000 Hi noclueGood question – and the bane of every developer's existance – especially in the early stages.Some of the Quantity Surveyors around have guidelines – I use BMT as a guide for my feasibility calcs – http://www.bmtqs.com.au.  Of course, as you get closer, getting builder's quotes will give you a much better idea.RegardsMeganwww.propertyhub.net

]]> 4cdaa0b46cfa743d41dff83acafea6ec gafama replied to the topic Pretty proud of this one in the forum Creative Investing https://www.propertyinvesting.com/topic/4382158-pretty-proud-of-this-one/#post-4529058 Thu, 22 Sep 2005 00:02:47 +0000 Congrats!!!!

Yes, anything is possible – and you went about it the right way – trying to find out what the vendor wants.

I find it so important to get past the agent and directly to the vendor in order to create win-win situations – so often the agent jinxes a deal that could be great for all parties.

Well done – with that attitude it’s all up…[Read more]

]]> 7e1413f6e95937625171ce5aa3c78321 gafama replied to the topic Setting up a business in the forum Help Needed! https://www.propertyinvesting.com/topic/4381241-setting-up-a-business/#post-4523254 Wed, 21 Sep 2005 23:56:37 +0000 There are a number of “build it yourself” site support systems around – all are terrific and v. easy to use (you don’t have to be a techie). In the time it takes you to brief a designer, you could have your site up and running and change it as often as you want.

Email me at contact@propertyhub.net for details and I’ll give you the names of the…[Read more]

]]> 4f9e57f5ff99232878db07696549f7c3 gafama replied to the topic My first time - Family Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4382332-my-first-time-family-trusts/#post-4530295 Wed, 21 Sep 2005 23:52:34 +0000 Dianne

You can lend money to the Trust to get started and pay back the loan from profit. As well, as suggested, you can distribute profits to beneficiaries.

I’d recommend you talk to an expert – see our site, we have links and info re structuring.

Hope this helps.

Megan

http://www.propertyhub.net
Your Investing, Structuring and Developing…[Read more]

]]> 3a7c72a96c6be7de7d1b9f9c7af3e2ab gafama replied to the topic help on 2nd morgages(vendor finance) in the forum Help Needed! https://www.propertyinvesting.com/topic/4382316-help-on-2nd-morgagesvendor-finance/#post-4530199 Wed, 21 Sep 2005 23:50:01 +0000 Hi Mukta

Just did a transaction like this. Got 1st mtge from major bank, vendor left in balance of 20%. Bank did’nt have a problem so long as vendor didn’t ask for “Letter of Priority”.

Shop around with brokers, if you have no luck with the bank. It amazing what’ll they’ll do if you just ask. Ask “how can we do this” not “will you”.

Brokers…[Read more]

]]> 2b1dd166b3811effd55bc0f234dec28b gafama replied to the topic Accessing Equity in the forum Finance https://www.propertyinvesting.com/topic/4382347-accessing-equity-4/#post-4530427 Wed, 21 Sep 2005 23:44:12 +0000 Burlboy

My suggestion is talk to a good mortgage broker. With that kind of equity, you should be able to access it through a NODOC loan and even, if you weren’t borrowing all the equity, capitalise the interest.

A good broker should be able to set up a Line of Credit that would allow you to do this.

Hope this…[Read more]

]]> 631e2082f2cf5b25a90b78452c3a8eb1 gafama replied to the topic Advice buying Units Gold Coast in the forum Help Needed! https://www.propertyinvesting.com/topic/4382357-advice-buying-units-gold-coast-2/#post-4530497 Wed, 21 Sep 2005 23:35:25 +0000 Hi

I agree with Roy – you really need to consider the costs – strata levies are usually high because of facilities, lifts etc and maintenance on these types of blocks.

As with any investment the things to check are re-sales in the area, real values (not what the agent says, vacancy rates as well as outgoings. Then there’s your rental return…[Read more]

]]> 2af0c88e7164474aea0fec0b7402c4a6 gafama replied to the topic syndicate? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382284-syndicate-2/#post-4530012 Wed, 21 Sep 2005 23:29:26 +0000 Hi

Syndicates can work really well but you need to abide by the rules (as outlined above).

If it’s small and with colleagues or family etc, not so much a problem but I would still have everything checked by a solicitor – is well worth the cost.

Regards

Megan

http://www.propertyhub.net
Your Investing, Structuring and Developing Information Hub.

]]> 7d8756c6a8a80deb47563ed68e842aeb gafama replied to the topic Company, trust or both??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381969-company-trust-or-both/#post-4528087 Thu, 01 Sep 2005 02:38:46 +0000 The whole Trust/Company issue can be very complicated and depends very much on what you’re trying to achieve.

Trusts will certainly give you some asset protection but there a number of different types of trusts and the ones you use depends on your circumstances, what you’re trying to achieve and, even which state you live there (there are…[Read more]

]]> 2cc0bd8facc6a6b98978b6da79f95c46 gafama replied to the topic property development in the forum Help Needed! https://www.propertyinvesting.com/topic/4381911-property-development/#post-4527689 Wed, 31 Aug 2005 10:12:05 +0000 Hi Ron

Welcome to the wonderful world of developing!

As mentioned above, you will have lots of homework to do. First and foremost, do a comprehensive feasibility on your project. I know that software has been recommended but a spreadsheet will do the same thing. You will need to take into consideration the following (and more) – design costs…[Read more]

]]> 080035e905dacfc06ea2155b53d287bb gafama replied to the topic Online property valuation reports - how accurate? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381958-online-property-valuation-reports-how-accurate/#post-4528033 Wed, 31 Aug 2005 10:00:50 +0000 Vernon

Without knowing what service it is it’s difficult to comment however I would hazard a guess that it’s very difficult to give an accurate valuation without actually seeing the property (and it sounds like they don’t).

Depending on what you’re aiming to do (buy, sell, refinance etc) a low (or high) val might be advantageous however overall,…[Read more]

]]> c7e3e605bbfa7e51b14cc6c2c5d69013 gafama replied to the topic BUYING vs RENTING in the forum Help Needed! https://www.propertyinvesting.com/topic/4381853-buying-vs-renting/#post-4527373 Thu, 25 Aug 2005 04:14:42 +0000 Can you clarify what you mean by “tax free”? Do you mean stamp duty free?

In relation to which way to go, it really doesn’t matter. It’s the deal itself you need to analyse. Whatever you buy, you’ll make more money (increase equity) if you buy below market. Also, you need to weigh in rental return.

Overall, you need to compare deal vs. deal…[Read more]

]]> 6d339a9663dbaf7751dac70a9dc2fc20 gafama replied to the topic I bought my first Property,where do i go from here in the forum Help Needed! https://www.propertyinvesting.com/topic/4381846-i-bought-my-first-propertywhere-do-i-go-from-here/#post-4527340 Thu, 25 Aug 2005 04:10:28 +0000 Psyduck

Congrats on taking the big step on your first property. You’re on your way now!

Sounds like a great return for capital city. You’ve made a good choice.

All sounds advice above.

Can i add – you can’t claim depn until it’s a rental property. Chan & Naylor (Dave Austin) at Oatlands (Dundas) are great accountants and understand property…[Read more]

]]> 255ae7877270726b694828136293fc73 gafama replied to the topic whats the current price on mobile home site in the forum No Subject https://www.propertyinvesting.com/topic/4381859-whats-the-current-price-on-mobile-home-site/#post-4527407 Thu, 25 Aug 2005 04:04:03 +0000 GR

I assume you’re talking about manufactured home sites. In my experience, depending on location, (obviously) site costs vary however, as a guide, existing sites typically start around the $90K mark and go up to around $200K (including the relocatable home). Weekly returns start around $80 and go up to around $130 pw.

Hope this…[Read more]

]]> e226615c365b6e99a096749b526c9cdf gafama replied to the topic Advise on Custodian in the forum Help Needed! https://www.propertyinvesting.com/topic/4381857-advise-on-custodian/#post-4527405 Thu, 25 Aug 2005 04:00:17 +0000 Haven’t heard anything negative – and they seem to have ok info – but it’s all a bit “bland” to me – nothing too specific.

There’s nothing like doing it yourself to really get a handle on how it all works.

Megan

Megan

http://www.propertyhub.net
Your Investing and Developing Information Hub.

]]> f90bf60b225fc39cd53950f01665c711 gafama replied to the topic Help? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381856-help-23/#post-4527397 Thu, 25 Aug 2005 03:57:43 +0000 MissK

It can be daunting starting off. I might be able to help – or point you in the right direction for a chat. Send me an email and we can exchange details.

I agree that you need to read as much as you can however there comes a time when (as it seems you know) it’s information overload. If I can answer any questions for you, I’m happy to…[Read more]

]]> 549a300d41f60fe90f9c6a6d979d586e gafama replied to the topic Basic Newbie Development Question in the forum No Subject https://www.propertyinvesting.com/topic/4381594-basic-newbie-development-question/#post-4525625 Wed, 17 Aug 2005 02:12:12 +0000 You’ll probably get a better response from a broker who does construction finance than a bank (unless you have a previous track record.)

100% construction finance is not unusual but most lenders will look at Gross realisation (end value) of the development before working out what they’ll lend.

Hope this…[Read more]

]]> 3f036e03aff1f4e075c7ae674d89ca46 gafama replied to the topic Basic Newbie Development Question in the forum No Subject https://www.propertyinvesting.com/topic/4381594-basic-newbie-development-question/#post-4525624 Wed, 17 Aug 2005 01:04:40 +0000 You’ll probably get a better response from a broker who does construction finance than a bank (unless you have a previous track record.)

100% construction finance is not unusual but most lenders will look at Gross realisation (end value) of the development before working out what they’ll lend.

Hope this…[Read more]

]]> d005ea699a7ebf837df37a6f3252e37a gafama replied to the topic Attn Developers - What PROFIT margin is a goer?l in the forum Value Adding https://www.propertyinvesting.com/topic/4381646-attn-developers-what-profit-margin-is-a-goerl/#post-4525967 Wed, 17 Aug 2005 01:02:01 +0000 20% is considered minimum by most developers. If you can get 30% you’re doing better than most.

Hope this helps.

Megan

http://www.propertyhub.net
Your Investing and Developing Information Hub.

]]> 71278a16ee28baad1db7a971ecae1353 gafama replied to the topic Degree in property? in the forum Value Adding https://www.propertyinvesting.com/topic/4381671-degree-in-property/#post-4526185 Wed, 17 Aug 2005 01:00:02 +0000 There are a few courses around but, like most uni courses, you only get general info. Nothing beats experience.

Megan

http://www.propertyhub.net
Your Investing and Developing Information Hub.

]]> bbf58cd9fb6bfbbf5f7fffbec03d643d gafama replied to the topic Whats it take to be a developer? in the forum No Subject https://www.propertyinvesting.com/topic/4381714-whats-it-take-to-be-a-developer/#post-4526413 Wed, 17 Aug 2005 00:55:27 +0000 As well as all of the personal characteristics (willingness to learn, enthusiasm, passion etc) you need to be really detail oriented. An understanding of numbers is really crucial as your deal will live or die by whether or not it is profitable. You need to know how to do a full feasibility (allowing for as many contingencies as you can think…[Read more]

]]> 4a27d0abedb2302054808738205b75de gafama replied to the topic Do you do Wraps?.... I need one ! in the forum Creative Investing https://www.propertyinvesting.com/topic/4381684-do-you-do-wraps-i-need-one/#post-4526243 Wed, 17 Aug 2005 00:49:01 +0000 Contact me by email. Have some wrappers who might be interested.

Megan

Megan

http://www.propertyhub.net
Your Investing and Developing Information Hub.

]]> 91c3d4df15e94ff20bab381495f58c0b gafama replied to the topic ADVICE NEEDED (please) in the forum No Subject https://www.propertyinvesting.com/topic/4381672-advice-needed-please-4/page/2/#post-4526207 Wed, 17 Aug 2005 00:44:26 +0000 As a mortgage broker, I can highly recommend Kim Burke from Avibe Finance. Investor/developer herself and really knows her stuff!

Megan

Megan

http://www.propertyhub.net
Your Investing and Developing Information Hub.

]]> 34448554e739d0b9828694f7b6a5129e gafama replied to the topic But how do you know??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381715-but-how-do-you-know/#post-4526449 Wed, 17 Aug 2005 00:42:41 +0000 PT and others

All great questions. I too, have a great bank manager but also deal with brokers. I have no loyalty to any in particular – at the moment it’s whoever will get me the best solution for my needs – although I agree that a good broker can be a great ally.

Re: Real Estate Agents – I agree with g7 – they are a necessary evil and you…[Read more]

]]> b954570318f2d90a1492cf138c522236 gafama replied to the topic bailiff auction - has anyone bought this way? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381706-bailiff-auction-has-anyone-bought-this-way/#post-4526350 Wed, 17 Aug 2005 00:35:30 +0000 I did hear of another property like this a couple of years ago, also in Brisbane. From my limited understanding, the purchaser was able to purchase it for the full amount of the debt – in that case it was substantially under the value of the land (if I remember it was about 40%).

Seems very much like the foreclosure market in USA although, to my…[Read more]

]]> 3e21d8168b216539f6e4081c36007bcb gafama replied to the topic Do we pay off our mortgage first? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381709-do-we-pay-off-our-mortgage-first/#post-4526364 Wed, 17 Aug 2005 00:23:27 +0000 If it were me, I would be buying now as the longer you leave it the more growth you sacrifice.

The above posts are great thoughts.

Megan

http://www.propertyhub.net
Your Investing and Developing Information Hub.

]]> 100c689bd61569a826f8d8248b5e5194 gafama replied to the topic The advantages of trusts in the forum Help Needed! https://www.propertyinvesting.com/topic/4381650-the-advantages-of-trusts/page/2/#post-4526041 Wed, 17 Aug 2005 00:21:08 +0000 Hi All

Couldn’t agree more with everything that’s been said.

Just another point – it’s not only tenants that might sue you. Car accidents, business dealings, employers, etc – it’s a minefield out that and, if that’s not all scary enough, NSW is now the second most litigous state in the world!!!!

Yeah, thanks to all the ambulance chaser lawyers…[Read more]

]]> f955c3a3d4f042323f1ceda3f3907a89 gafama replied to the topic Rent or Buy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381551-rent-or-buy-5/#post-4525372 Mon, 08 Aug 2005 04:19:59 +0000 There are a number of threads on this forum that deal with this question exactly. It’s one that seems to come up a lot.

I have a friend who was in her late 40’s and had never owned a property. She continued renting in Sydney, and bought her first investment ppty in QLD, (cheaper to buy/better rental return). 12 mths later, she bought her…[Read more]

]]> bc3794e17590034c569381c86804dae3 gafama replied to the topic Next step.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4381502-next-step-2/#post-4525122 Fri, 05 Aug 2005 00:59:23 +0000 Kasia

Good advice from Arny. Building can be expensive and often more so than you think. It’s not only the house, but the landscaping, carpets, fittings etc that start to rack up the $$$$ and, all the while, you have no income.

As well, not all buildings are worth more than what you paid (land+Bldg cost) when complete so you will more than…[Read more]

]]> 5b754159d3583e5da2c4e94068d0225a gafama replied to the topic Advice required in the forum Help Needed! https://www.propertyinvesting.com/topic/4381517-advice-required/#post-4525187 Fri, 05 Aug 2005 00:55:05 +0000 Paul

Not sure what your question is but if it is Should I keep renting and buy and IP? then there’s a couple of recent really good threads that talk about this.

Check them out on this forum.

Megan

http://www.propertyhub.net
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]]> 3d60e6c27a654ac6493097eb413d9e8d gafama replied to the topic Leverage matters in the forum No Subject https://www.propertyinvesting.com/topic/4381505-leverage-matters/#post-4525138 Fri, 05 Aug 2005 00:52:58 +0000 Scott

The banks seems to have a couple of lending “tiers”. First is serviceability i.e. your ability to repay/lending on income. This is the traditional way or lending and the bank’s first “port of call” esp. for new investors.

Second there is asset lends – where they lend against the value of the asset. The Low Doc/No Doc loans around today…[Read more]

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