Total Members: 158,541

MikeLewis

  • MikeLewis replied to the topic LMR sites in Brisbane in the forum General Property 12 years, 10 months ago

    Thank you so much because you post this information. Depends on budget where you might look, Zillmere doesn't excite me longer term the way it's developing but with development to sell it's mostly about the numbers and not the location. I know there is  alot in Moorooka, but my thoughts were that they were selling though, perhaps returns are not…[Read more]

  • MikeLewis replied to the topic Building a house and finishing it yourself in the forum General Property 12 years, 10 months ago

    Not sure on the insurance side of the house but the lender if you are using one may. You may not be able to access the funds as they will only provided funds for a builder most of the time. For a big build anyway, I think there may be flexibility if funds are for a small Reno. I wouldn't recommend this as there are far more complications, and most…[Read more]

  • MikeLewis replied to the topic New Investor – Glastone in the forum General Property 12 years, 10 months ago

    It depends how long you want to keep this property. I am not making any predictions don't get me wrong here. I would do your research into the construction workforce and the long term workforce of the projects that are / being planned to happen. Thanks for sharing..

  • I think you will find that in a housing crash, rental returns are much higher just because the house price is so much lower. The nominal rent however doesn't change much. Good point. Furthermore, Matt should write a book with all the predictions in the first post and get it published. It'd be a bestseller when these predictions start to play out.…[Read more]

  • MikeLewis replied to the topic Property bust not here yet … worse to come in the forum I firmly believe that 12 years, 10 months ago

    I firmly believe that interest rates will continue to rise over the next few years, and I also believe that even at current levels they are causing considerable hardship. Any rise in IRs lowers the affordability and borrowing capacity – this in itself is enough to cap prices at best, and likely cause further declines in prices in already depressed…[Read more]

  • MikeLewis replied to the topic How to put a value on a piece of land? in the forum General Property 12 years, 10 months ago

    It has been put on the market by an estate agent for auction. So I would like to get an objective opinion from a source with no interest in the deal. This one is really a knowledge sharing for the builders. I am still waiting here. Thanks for giving this concept related information. Thank you so much…

  • MikeLewis replied to the topic Buy investment property first in the forum General Property 12 years, 10 months ago

    The best deals for you are always in your own backyard. Most of the money lost in first-time real estate deals is lost in somebody else’s backyard. You know your town, your area, what’s going on there, and the good streets from the bad. You’re far less apt to lose money when you know your way around. Property especially when you are just a begin…[Read more]

  • MikeLewis replied to the topic Having problems renting out? in the forum General Property 12 years, 10 months ago

    Just find a private landlord. I have never come across a private landlord who did a credit check. They will want a reference from your previous landlord or several personal references if you have just moved back to the country. Other than finding a private landlord and explaining the situation and offering perhaps to pay a couple of months rent up…[Read more]

  • MikeLewis replied to the topic Buy investment property first in the forum General Property 12 years, 10 months ago

    When it comes to buying a real estate investment property, the first deal is the hardest. I know this from personal experience. I kept talking about buying a rental property for several years until my husband finally took the initiative, found a property, and made me buy it. From a hotel room in Texas, where I was staying on business, I nervously…[Read more]

  • MikeLewis replied to the topic Property bust not here yet … worse to come in the forum Unfortunately reigning in 12 years, 10 months ago

    Unfortunately reigning in the growth states thru higher interest rates will punish the slower states but it may be a reality the way things are going. interetsing times, as they all are. It's different this time, just as every new day is. When any boom is in progress, there's always the "I can't see any end to it" mentality. Step back and…[Read more]

  • MikeLewis replied to the topic Rent vs Buy a home in the forum General Property 12 years, 11 months ago

    Nice information. Potential buyers bought into all sorts of rent vs. buy myths to justify buying houses that they could not afford during the boom. Now that the U.S. housing market is in shambles, people are starting to realize that renting may not be a dirty word after all. Contrary to popular belief, buyers do not get back the mortgage interest…[Read more]

  • MikeLewis replied to the topic What is happening to the property market in the forum General Property 12 years, 11 months ago

    Great job. Few buyers came into sight this Easter – but the market is not equally depressed in all regions. Asking prices are up everywhere except the West Midlands and East Anglia, according to Rightmove.. I have contacted a number of my friends within the industry and they are experiencing the same thing. Some are saying the activity is worse…[Read more]

  • MikeLewis replied to the topic FUNDAMENTALS FOR BEGINNERS! in the forum General Property 12 years, 11 months ago

    Really great and useful information for us. For your investment property to be successful you need tenants. Therefore you must consider their needs to that your property is always occupied. These all tips are very useful for real estate beginners. Thanks for sharing..

  • MikeLewis replied to the topic Commercial Buyers Agent Melbourne in the forum Commercial Property 12 years, 11 months ago

    Just found your real estate site, I have been doing lots of research, Buyers agents are independent of the vendor (and vendor’s selling agent), and are devoted to ensuring you receive the best outcomes as the buyer. Purchasing a property is a stressful experience though by using a Melbourne Buyers Agent you will be able to save time, stress and h…[Read more]

  • MikeLewis replied to the topic Building designer vs Architect in the forum General Property 12 years, 11 months ago

    All building projects require the services of a building designer, typically a licensed architect or structural engineer. Whether you choose an architect or building designer, remember, qualifications are no guarantee of quality. Always ask to see previous examples of their work.

  • MikeLewis replied to the topic Overseas mortgages in the forum Overseas Deals 12 years, 11 months ago

    Nice information, Thanks for sharing this informative post. I really appreciate it. I hope that I can get more benefit from this topic. I’m planning for Mortgage so; I think this is helping me. Thanks for sharing such a wonderful post with us.

  • MikeLewis replied to the topic How to finance a property in the USA in the forum Overseas Deals 12 years, 11 months ago

    Nice post. Financing a property investment in the USA is an important decision and today, more than ever, could entail injecting your own cash resources or employing an equity release scheme. Taking out a loan based on the value of a property that is either on the market or in the process of being sold is a popular strategy for many investors who…[Read more]

  • MikeLewis replied to the topic USA – Where to buy? in the forum Overseas Deals 12 years, 11 months ago

    I think that real estate investment opportunities are growing nowadays in almost all major countries. I have a suggest you a best property for investment is USA in Tampa Real Estate is the best for a Property investment such a nice all type of property in Tampa Florida.

  • MikeLewis replied to the topic hey people in the forum Opinionated! 12 years, 11 months ago

    Hi everyone, I am newbie here to this forum and glad to share my information.

MikeLewis

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