Still working on the business plan, I’ll probably start from scratch and learn along the way. I find I’m procrastinating a hell of a lot, so it’s time for action!
Thanks for your comments.
Why not cross-collateralise? I have found that it is far easier to get loans approved, get good deals and banks ACTUALLY want to talk to you once you have a large amount to bring to the table. Think about it….
Cross collateralising only becomes an issue if you are trying to offload and you wont re-invest your profit by paying down a loan. Think…[Read more]
HandyAndy888 replied to the topic How long should I wait to purchase another property? in the forum Help Needed! 14 years ago
Congrats on taking the step!!! IF your income is large enough and you can do the numbers favourably for another cf- property, do it now!!!
HandyAndy888 replied to the topic WANT TO EARN $300-$400 PER WEEK ON A $165,000 INVESTMENT? I have the property for you. in the forum General Property 14 years, 9 months ago
The thread title sort of sounds like 300-400cf+…but anyway, this may be a good deal for someone…dog box or not…
From my experience, cooling off periods are a waste of time anyway. If you want out, you can always default on ANY building inspection, or possibly on finance through the relative clauses…I PERSONALLY wouldn’t worry about it….you may choose otherwise…
I'm new to investing and would like to start with purchasing cashflow positive properties.
Don’t we all????
You won’t have trouble finding a lender if you go straight to a recommended broker…
Oh sorry….on many occasions I have made a deposit with $1000….
It depends on the deal, if you are really keen, offer your max, otherwise, 1000 should do. It really makes NO difference. You can always get your deposit back…
also, what are people expectations if the grant runs out, (goes back to 10k)? will property die, cause i highly doubt ;s, at the levels im buying at anyway (250,000-270,000)
No, property will not die.
also, if we buy a house, we cant put a 10% can we, because that would have to be our money, is that correct?
No, there are may different types of…[Read more]
As long as you are intending to rent this property, I am of the understanding that you can claim deductions. if I were you, I would source the finance to get the plumbing done, then rent it…you got yourself into a real pickle….good luck….
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