Just one more point to add, current lender is AMP for my 5 IPs. Thanks

Can somebody show me how do I upload the photos of my roofing problem into this message so that I can get some help? Thanks

Thanks both for your comments but I am based in China and given I don't know much tradesman in Oz. I ain't sure I am getting the most competitive quote from my property manager but would like a second/third opinion. Would anybody recommend a website or somebody who I can contact to inspect the roof? Really appreciate the feedback. Best to PM me.…[Read more]

Hi Sean,

I am also in the same boat as you where I am currently residing and working in China. Given that I am not physically in China and that I lack development experience, I chose the investment strategy of buying Cashflow +ve properties via Rent-To-Own ("RTO") and Vendor finance schemes. At the moment, I have a business partner in Australia…[Read more]

Hi Ken,

Just a couple of questions:
1) Are you living in this property? 
2) would you be able to get offload 100% share  and then lease back on rent-to-own scheme for 2 years so that you can get your house back at an agreed price after 2 years?

Cheers
John

Hi Jamie,

Thanks for your response.

Hi Jamie,

Does your client in Afghanistan earns AUD or USD, that would makes it very easy for ANZ because they are comfortable with the currency, however, the issue i think is that most Australian lenders are not comfortable with Chinese currency. That's my feeling.

2) I have been chasing for what's causing the delays in AMP but no replies yet…[Read more]

Hi Jamie,

Does your client in Afghanistan earns AUD or USD, that would makes it very easy for ANZ because they are comfortable with the currency, however, the issue i think is that most Australian lenders are not comfortable with Chinese currency. That's my feeling.

2) I have been chasing for what's causing the delays in AMP but no replies yet…[Read more]

Hi Paul and all,

Thanks for guidance. Can you please PM me and we can have a discussions offline.

Cheers
John

Hi all,

Thanks for all your feedback. Re the deal structure, I am happy to pay the full asking price but the vendor needs to provide 20% deposit finance for at least 18 months and then allow me to on sell it on instalment contracts. If anybody can help with my situation or willing to JV with me, please let me know. Appreciate your help in…[Read more]

Hi Richard,

I acknowledge your point. The kind of deals that I want is for vendor to assist with 20% deposit and as you previously suggested, I will disclose it fully with the lender that the vendor will provide finance on 20% deposit for 2 years. However, I am struggling to find deals like that in the Melbourne market and all buyer’s agents that…[Read more]

Can somebody recommend a good buyer's agent for Narre Warren, Victoria? My specific investment strategy means that I am looking for 3 bedroom, 2 bathroom houses with vendors that will allow me to pay 20% deposit in 2 years with no interest payable in the interim?Would appreciate all the help and guidance. ThanksCheersJohn

Hi Richard,Will your lender consider investments in China? Thanks

The website is for London, UK, not Australia.CheersJohn So

Hi all, I am looking to develop 4 unit townhouses in Bayswater, Victoria. My initial thought is to engage a draftsman/architect who would help me with drawing up initial plans to secure the town planning permit. Once that is done, the same draftsman/architect will get the detailed construction drawings and other necessary documentation to obtain…[Read more]

Hi Christian,Can you please send me a private message as I am looking for draftsman/architect who can help me with 4 units development in Bayswater, victoria? My email is jcls79@yahoo.com.auCheersJohn So

Hi Christian,Can you please send me a private message as I am looking for draftsman/architect who can help me with 4 units development in Bayswater, victoria? My email is jcls79@yahoo.com.auCheersJohn So

Hi all,I am looking to develop 4 unit townhouses in Bayswater. My initial thought is to engage a draftsman/architect who would help me with drawing up initial plans to secure the town planning permit. Once that is done, the same draftsman/architect will get the detailed construction drawings and other necessary documentation to obtain the building…[Read more]

I will add the importance of getting a property manager in as part of your team. I have spent the last 8 months doing due diligence on more than 50 properties. What I find the key is to find a property manager who is willing to work with you and do a pre-purchase inspection (KEY KEY consideration) which can verify the quoted rent and how much…[Read more]