Originally posted by vyaw2003:
if you buy a 100k house with no money say it returns 6% after costs, then NO you do need money because the returns dont cover the 7.5% interest rate.

True, but if the return was only 6% against a 7.5% interest rate I wouldn’t buy it. My calculations on return take into account the interest rate as part of the…[Read more]

Hi Simon.
Fair enough I suppose. My post was a bit oversimplified, but would you buy $100k of shares without insurance though?
Also, have you ever bought $100k of shares with no money down? I haven’t – I’m not brave enough, but I will do it all day long with property.
The main point of my comparison is the relevent risk/reward factor between the…[Read more]

Originally posted by APerry:
Asset Loan are a public company, go to their web site and get a copy of their annual report and you can make your own mind up re their stability. They are a short term aset lender, as suggested by their name, with ratesstarting from around 3% per month. They don’t lend at high LVR’s, I think 70% is their…[Read more]

Originally posted by swiftos:
Hi

My opinion is to look at why you are investing in the first place. If your aim is cash flow and you dont mind not getting capital growth then regional areas are great in that they will either cover your costs or cover them and give you some left over,or positive cash flow.

I have properties from 1000 people towns…[Read more]

Originally posted by swiftos:
Hi Dan

I run a buyers agency in South Australia that looks for positive cash flow properties all over Australia.

I personally have bought 10 properties in the last year but I am doing so in the knowledge that I may not get any capital gain as they are largely in rural areas, although I have by accident got some good…[Read more]

Hi All,
just read Marissa’s post and thought of this question;
at what point in your investment life do you start to buy property in the name of a trust, or discretionary trust, or entity other than your own name/s?
We have 4 I.P’s all in our names, each time we purchase I ask the accountant how should we purchase it, he says at this stage it is…[Read more]

Originally posted by dutchie:
With the council spending many million on the new beach front and shopping centre, add to this the new Mitcham freeway, property prices have become stagnant and in some parts down 10-20%, what are your thoughts about Frankston.

You can still pick up some great buys there and I think they are the last of the coastal…[Read more]

Originally posted by Freetolive:
I’m looking at a few houses tomorrow and I need help!

What I need is help in not BUYING A DUD!!

a) I’m looking at the worst houses I can find in a nice area that I know how much the houses have sold for.
b) I’m doing it for a reno and rent deal.
c) I’ve heard that bathrooms are expensive to fix. What should I…[Read more]

Originally posted by andrew_dc:
Hi all,

I am just about to puchase an IP. I am the sole income earner in the family – my wife looks after the children.

If I purchase the IP in my name then I get the “benefits” of negatively gearing the property against my income but when I sell the property I will be paying capital gains tax at the highest…[Read more]

Originally posted by Munno:
Thank you all for your advise. Answer to all your questions are as below:

v8ghia,

1.The person who represents me is conveyancer. He is very particular about his work and is straight to the point guy. No Bull…..
2.I am in NSW.
3.The example you gave is the reason they advised us for not being able to settle. How…[Read more]

Originally posted by giovanni:
No ANZ are not competitive on anything!

Sorry if I offend any ANZ employee or customer!

Gio

Don’t be sorry about offending any bank – they have thick skins, big profits and love to call in their funds if you default. Be loyal unto thyself.

Cheers,
Marc.
erardent@hotmail.com

Originally posted by Munno:
What if vendor request not to go ahead with settlement two days prior to settlement date.

What are my options?

What about all the expence/purchase I made for that house? e.g. renovation, kitchen etc.

Please help me.

Regards,

Another (not so nice) option is to let the whole thing slide, then threaten to put a…[Read more]

Originally posted by Mikey P:
Great love it!!!
L.A Aussie maybe he hasn’t got any rentals???
Maybe he makes ugly houses pretty and sells them time and time again and lives on the winnings??
Cheers
Mikey P

I think you may be right. It is inspirational just the same.

Cheers,
Marc.
erardent@hotmail.com

Hi foundation,
you are right; the property journos do like to put more detail into the reports than our guys back home. There is no shortage of facts and figures on property over here. I just haven’t been reading a whole lot other than the obvious.
I think there is still more ‘correcting’ to come over here; especially if there is another rate…[Read more]

Originally posted by ttman:
I own 2 IPs in Invercargill NZ. Lately I was billed at least $200 repair every month. I may as well ask the tenant to deposit the rent to the tradespeople directly. Some of the repairs are of dubious nature and laughable if the money is not coming out of my pocket. Can anyone recommend trustworthy PM & tradies in…[Read more]

Originally posted by Mortgage Hunter:
I agree with Dave but make the following points.

Period of occupancy to qualify to keep the FHOG is 6 months not 12. 12 months is a common misconception.

Another benefit of buying it as your first PPOR then renting is the CGT exemption you will enjoy.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

Originally posted by Kuade:
Thanks Bo,

So does that mean I can claim back 30% of 50% of the $13602 for my wife, and 42% of 50% of $13602? Alternatively 42% if it was entirely in my name and therefore get back $5712.84?

Sorry for all the questions. I just need to be sure that we can actually afford an IP.

Here’s a very simple guide to calculate…[Read more]

Originally posted by Bluemist:
Hi,

I’m in Victoria- and I have a question regarding if you sell your property yourself (no agent involved) can the purchasers deposit be paid directly to the vendor.
Looking at the Sale of Land Act – it only talks about deposit moneys held by legal practitioner or estate agent to be held as stakeholder- does it…[Read more]

Originally posted by Nigel Kibel:
I am based in San Antonio in Texas. Unlike LA there is still strong growth here and plently of opportunities. It is still easy to buy positive cashflow properties here. However you need to be careful. I have been shown first hand terrible properties in the worst streets here that have been sold to Australian…[Read more]

Originally posted by foundation:
Hey Marc,
I notice you’re ‘L.A.’ Aussie… how about starting a new thread with an on-the-ground account of how the REI world is doing over there?

“Between June and September, the median home price, or midpoint of all home sales, had dropped by $20,000.”
OC Register Article

F. [cowboy2]

No worries – go to new…[Read more]