You will find finance a WHOLE LOT easier if you choose one with a floorspace over 50sqm.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

Having done my figures I reckon that 5 bedrooms is the minimum number I would use for student accm.

Any less and it is not worth the extra work that goes into it, the longer vacancies, the extra bills I have and the furnishing.

Less than five and I would rather have a normal 12 month lease with one tenant responsible for water, electricity and…[Read more]

Originally posted by salacious:
I would like to buy large quantaties of legal stuff and onsell for a profit.
But ether way if someone new the answer to this question we would all be wealthy people.

Dom [biggrin]

Import stuff from China and sell it on eBay. Thousands of people do it.

My daughters and I did it for an experiment and bought $600…[Read more]

Originally posted by cbellesini:
I think you should buy just the one to start with. It will depend on your strategy really what you do. If you neg gear you will only be able to get one,

http://www.chrisbellesini.com

What figures have you based this on Chris?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70%…[Read more]

Why? Are you trying to add value for a reason?

I reckon fake brick looks awful.

Fibro houses that are bricked up look nearly as bad.

There are other materials. Have you considered rendered blueboard?

For the cost of the exercise would the money be better spent on buying another fibro place so you have two money machines working for you in…[Read more]

Why don’t you buy a car for $1-2K and keep the rest for your deposit.

Prices aren’t moving fast so there is no rush to buy that unit tomorrow.

Build your deposit and start looking at units. Aim to have looked at 50 before you make an offer – that way you will be an expert at picking a good buy and will know what is priced properly.

In the…[Read more]

Originally posted by Terryw:
try http://www.gatherumgoss.com
Author of Trust magic

Terryw
Discover Home Loans
Parramatta
Terry@discoverhomeloans.com.au
Sign up to my mailing list.
Just send me a blank email, with “subscribe” in subject line.

I agree. Dale is probably the leading expert amongst my investor friends.

Another is NickM but he is in S…[Read more]

Some searches will show that this has been discussed many times before.

The big fear is who will be left holding the baby if the one industry downsizes or closes.

But many investors have done well as long as they know what they are doing. Don’t be the bunny from the big city who buys the stock the locals wont touch!

Simon Macks
Residential and…[Read more]

Originally posted by blade:
Wow
Quite a few interesting comments. Some information I never would have considered either. I have been doing a bit of research but it appears I will have to do quite a bit more so that I can broker the best deal for me and not the bank.
Thank you everyone for the comments.

Ask some of your investor friends or…[Read more]

Originally posted by flash:
Hi Simon,

Can you exlain to me what is so bad about using redraw?
do you mean redraw on a interest only loan,i can see your point if so.

Cheers

Sure mate.

When you borrow money it is deemed to be deductible if you buy income producing assets.

When you pay money into a loan is is a repayment. If you redraw that…[Read more]

Originally posted by ADJAPOUR29220:
[biggrin]
I have heard there has been a recent Tax ruling not sure of the TR number, but it seems
as long as you have equity in your investment loan, you can continue to accrue interest repayments, while using the income from your investment property to reduce you home loan.

Can anyone confirm.

Warm…[Read more]

Originally posted by Qlds007:
Darren

You really should be looking at knocking down that debt as quickly as possible and there are several ways to do this on your income.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner.
Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au

I know that richard…[Read more]

I have been doing this for the past three years.

It is working well and I have developed a number of strategies to combat all the negatives.

Do a search as I have written about it a number of times in this and other forums.

Alternatively drop me an email with specific questions and I will try to answer them. Please don’t ask me to tell you how…[Read more]

Originally posted by Callander:
This is an issue that i find a lot of landlords question. I recently sought clarification on this matter. While at a VCAT hearing and being the last case of the day the Member was happy to have a chat. I questioned the issue of smoking. The member advised that smoking is not illegal and no matter what was written…[Read more]

Can you borrow a dog for a while?

These are probably pets so dumping them elsewhere would be wrong and probably illegal. As would baiting them.

Can you call council and ask the Rangers what to do? They may trap them and fine the owners – or is this just for dogs?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70%…[Read more]

Originally posted by Property WA:
I’d agree Carl that it should be a heap more open to the real grass-roots fans that are there all season but miss out due to high corporate allocations.

But members of the respective clubs deserve to be there, and members of other clubs should be granted a part to – after they love their club but alot also love…[Read more]

Originally posted by joshadelsa:
Hey TMR,

That sounds like a great opportunity.
Most banks/lenders are very cautious with student accomodation as it resembles more of a commercial deal then a residential as it is basically a mini hotel. If you can service it on market rental you could use this rental however most lenders won’t accept increased…[Read more]

Have you got 7 leases you can show the lender?

Maybe another lender is in order?

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

Nick at http://www.strategicwealthmanagement.com.au

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Depends what you use for security.

If you have a property to use as security then normal resi rates apply.

If you plan to use the Art as security then I cannot help as I have no experience in this – I doubt any of our regular brokers will have seen this before.

I suggest you call an art dealer and pump him for info about how his clients borrow…[Read more]