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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of Mikey66Mikey66
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    @mikey66
    Join Date: 2016
    Post Count: 12

    HI Ethan

    Thanks for the advice i think that’s a good idea just start calling around now without actually committing to anything for now

    Profile photo of Mikey66Mikey66
    Participant
    @mikey66
    Join Date: 2016
    Post Count: 12

    Thanks Ethan!

    Yes that’s what i thought i was thinking of starting out with them because i don’t have much capital and also they have good cash flow returns to help build up more savings to invest in better more expensive property deals. So should i just rent them out as is for the property’s under 60-70k? because what i was thinking the materials/labor to renovate the property might cost to much compared to the value of the property.

    Thanks :D

    Profile photo of Mikey66Mikey66
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    @mikey66
    Join Date: 2016
    Post Count: 12

    Great post guys! I am trying to soak up all the information i can these posts are gold!

    Profile photo of Mikey66Mikey66
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    @mikey66
    Join Date: 2016
    Post Count: 12

    Thanks Benny killing it with the information!
    Thats the kind of stratergy i am looking into.
    Also i see alot of rural property’s need renovation which can be a good thing to buy a problem and sell the soultion is it worth renovating property’s around 60-70k?

    Profile photo of Mikey66Mikey66
    Participant
    @mikey66
    Join Date: 2016
    Post Count: 12

    Thanks Tony!

    My goal is to replace my annual income through positive cashflow property’s as fast as i can great tips much appreciated!

    Profile photo of Mikey66Mikey66
    Participant
    @mikey66
    Join Date: 2016
    Post Count: 12

    Yes it will be get excited

    I did do the calculations including
    Coucil rates
    Water suppy charges
    Insurance
    Real estate agent fees for dealing with tenants

    Still cash flow positiv Anthing else i missed? besides some maintenance costs here and there

    Profile photo of Mikey66Mikey66
    Participant
    @mikey66
    Join Date: 2016
    Post Count: 12

    Great insights guys loving it!

    Ì was planning on buying a Postive cashflow property. I found a few where even if I used a 5% deposit which I won’t it will still be cashflow positive.Thanks again for all your help and thoughts!

    Profile photo of Mikey66Mikey66
    Participant
    @mikey66
    Join Date: 2016
    Post Count: 12

    Thanks a lot guys!

    Really informative and really like the calculator benny!

    Profile photo of Mikey66Mikey66
    Participant
    @mikey66
    Join Date: 2016
    Post Count: 12

    Thanks guys!

    Seems like 88% LVR is the way to go so far.
    Do you know how much LMI drops from 90% lVR to 88% LVR or where i could go to find out?

    Thanks again.

Viewing 9 posts - 1 through 9 (of 9 total)