Just out of interest….What are the positive things that attract you to this property that make the negatives seem worthwhile?

re the above, some of the ads are to offer the LEASE and some to offer the FREEHOLD.

Her office will not care, and neither will the Real Estate Institute.Remember that if this property starts costing a bomb in maintenance, it won't be coming out of the REA's pocket, it'll be yours.  Why would she care.If you do offer on the property, put a very stern "subject to results of body corporate and strata records inspection that is…[Read more]

You'd want double-glazed windows to cut out the noise of the ambulance sirens…

Good one Nathan!  As you say, still 10% CoCR so why not?  And if the market ever bounces and the property goes up in value, bonus.

http://www.commercialrealestate.com.au/search.asp?pt=COMMERCIAL&st=nsw&ri=&r1=&sval=&otc=SALE&c=17&psf=&pst=&bsf=&bst=&lsf=&lst=&arf=&art=&ot=SALE

fyi if you are with the Commonwealth Bank, they call their offset account a "MISA" account

No don't pay off the principal.  Get yourself an offset account instead and put all your spare cash in there instead.  It will have the same effect.  The difference is that one day when you decide you want to access that cash, you can withdraw it whenever you want and use it (eg for a deposit on another property).  If you pay it towards the pri…[Read more]

Ash88 wrote:
HI … A silly question … if I take out  a 300k loan IO … 100k deposit… and put 200k in offset account.. will tehre still be Monthly payment to pay or because  principal balance and offset balance is same it mean no monthly payments ?

Hi Ash,Not quite.  If you pay a deposit of $100k on a property worth $400k and thus tak…[Read more]

It's worth going along for sure.  There's always something to be learned.  Keep in mind the following things:  – The seminar rooms he books are very cold.  Rug up.- He runs two very full days back to back with not a great deal of time to chill out, mingle and take it all in during breaks.  It's tiring, so be sure to be well rested before goin…[Read more]

Whatever Trump et al are doing, they certainly have buckloads more money than the rest of us, JackFlash….

May I just say: massive credit to you for asking people to criticise your plan.  Welcoming lots of ideas, and then working out which advice is rubbish and which is relevant, is the way forward.  The more experienced people that submit opinions on your plan, the more likely it is you'll decide on the plan that is most suitable for you.

The obvious question is what type of properties will you be targetting that will put that much cash in your pocket from day 1?  Are they in high risk areas?  If so how does that sit with your risk profile, and what LVR will the bank provide?Have you factored in holding costs?  (ie bank interest, council rates, water bills, insurance, ma…[Read more]

Seeing as you're in Melbourne, I'll point you to two options within driving distance of where you reside.  Look at properties in Ballarat and Geelong.  Even better if they are within a 2 min drive of the hospital.  Acquire something sturdy that just looks a little bit ugly, pretty it up a bit with some paint, changing cupboard doorhandles or wha…[Read more]

There are more factors at play than simply "oh should I buy a property or not".  The UK's economy for instance.  Opens its doors to every nation that joins the EU, and provides unemployment benefits from day 1, and eontinues ven after a person leaves the country (seriously).  Banks offering loans at over 100% lvr so the new home owner can buy the…[Read more]

Jamie M wrote:

JacM wrote:
You're going to need a tent.  Perhaps from KMart.  That's the way forward.  Everyone can live permanently in tents hehe.

I've got a big backyard – I'll only charge $10 per tent CheersJamie

Case in point.  Land is king!!!!

In fact I'm going to write to the government and suggest they stock up on KMart tents too.  Because that is how you win elections.  Provide housing for your people in the form of tents.  Yes.  That wins votes.

You're going to need a tent.  Perhaps from KMart.  That's the way forward.  Everyone can live permanently in tents hehe.

Agreed.  New accountant required.  Your accountant clearly doesn't get it.

Oh look seriously engelo, the world itself is not coming to an end, but a strange phenomenon is going to occur and suddenly everyone will want to live on the street.  even in winter.  yes, it's true.  so your investment properties will be all for naught i'm afraid.  hahah!  I know all this and I also know the number that are going to come up in t…[Read more]