hey all – just to get back on the topic of using VF to buy an investment property…So, what if I find sellers (not vendor financiers/VF businesses) and I calculate that I my instalment contract payments are LESS or EQUAL TO the potential rental income that I could accumulate by renting out the property to someone else. As a purchaser, could I…[Read more]

just make sure that the potential retuns via rental income will be worth it to proceed with the costs of developing and renovating that shed

PaulDobson wrote:
Hi i imamMy wife and I started our real estate Vendor Finance business in 2003.  Happily for us, I was able to give up my job early in 2009 and we are now both enjoying working in our Vendor Finance business full time.We'd suggest the main pitfall is believing that it's some form of get rich quick scheme.  Happily it's beco…[Read more]

Hi All,I've been researching up about titles on instalment contracts recently for NSW.I'm just curious that if I'm a purchaser and wanting to offer an installment contract for vendor financing, would it be possible for me to rent out the property to someone else and get rental income from them (even though the title to the property will be under…[Read more]

Hi,With installment contracts, i have read that the title remains wit hthe seller until the property is fully paid off after the term. Can this cause a problem if the buyer intends to rent out the property as an investment?

to make it easy and without any fuss, just live in it for 6 months, and then rent it out afterwards so that you get th FHOG

Sorry for my ignorance, but what is an offset account?

To create equity quickly, try and make a profit when you buy – as in, get a property at a wholesale/cheaper price compared to its asking price. Instant equity by doing this. Good luck!

with experience in the UK, you couls use the same prnciples here in Australia and make money here too. It's not much different I think

I'd suggest you figure out what your ultimate priority outcomes are.If it's rent – go for the new one.

yeah watch out for people giving you "advice" especially when you're starting out – i agree that they're probbly a real estate agent with a different title

Does anyone know the cost of property management fes in mining towns? Is it high too?Is it also generally hard to find such managers since it may be a remote area?

hmmm. im looking to perhaps buy a new property to buy, Any tips for reducing any premiums and reducing the selling price?

I'm doing research on property managers too. How much are the management fees on average around Musellbrook?Fees around my home area are about 6-8%.

I had a quick look at your numbers, and I suppose you made a mistake when you wrote Body Corporate fee : $420/wk? Perhaps you meant 420 per quarter?For positive cash flow property investing, you need to make sure that your weekly rental income is higher that weekly expenses. It's really as simple as that

i'd agree that going for mining towns in established areas would be the least riskiest option, as opposed to those where mining companies have just gone in

well done for wanting to get started.I'd suggest to check properties around your local area first, and surrounding suburbs as it'll elp you ease into it and you know these areas well

A mix of CG and cash flow is the best strategy for me. Thats my personal opinion

hahah your scenario really was melodramatic.can the SFR property be anywhere in the world, or only in the US?

same. what is a boundary trap?