Almost Jaffa,

If you buy land for $100K you pay SD on that amount.

If you then build 10 units you get them at cost price.

Land plus units = a property worth $2M but you only paid SD on the initial $100K.

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

Comments may…[Read more]

I think you should buy whatever is typical for your area that you are investing in.

I personally would only consider 1 bedroom apartments in inner Sydney.

As far as being easier to rent – I doubt it. They will only appeal to single people and perhaps the odd young couple.

As far as houses go I would stick to 3 – 4 bedrooms in middle class…[Read more]

Is it correct that any deposit I pay to the vendor will be assumed as savings $$$ by the bank?

yes – as long as you show the paper trail. ie money saved in your account then transferred with a deposit receipt from the solicitors trust fund.

The remaining 10% is adjusted at settlement. You just draw a bank cheque and pass it to your…[Read more]

Originally posted by Pro-Active:
Originally posted by Mortgage Hunter:

However there is no reason why you cannot ask them to leave, offer to pay their costs to move or any other avenue which gives them some choice and incentive in the matter.

I suspect the PM doesn’t wish to lose the rental. Each rental property is worth $thousands$ when…[Read more]

Perhaps you can write to the owner care of the address – the mail might be redirected.

Get an agent to look it up on RPDATA is an idea but any agent worth his salt will call first and convince the owner to let him sell rather than to you. So be careful getting an agent involved.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @…[Read more]

“be ye angels?”,
“nay we are but MEN!”

Tenacious D?

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.

Anything is possible.

Would need to get a little more background from the lady before making any suggestions as to likelihood or amount available.

Suggest she speak to a decent broker and start looking for property at the cheaper end of town.

Cheers,

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

Originally posted by iamsooty:
Thanks Derek: The website is : http://www.premiumfinance.com.au they have been operating 18 months. GUESS WHAT! Steve sent out the Virtual Kick Start Resource, so I have started that tonight … We are on a little journey of discovery. We know that we are infants here – we have just two (2) houses – NO, there is not a…[Read more]

Originally posted by Dazzling:
giving me a 7% net return, so when borrowing at say 6.6%, it is positively cash flowed from the start.

Only just…. surely rates and insurance eats into that profit? Have you factored in a repair budget as well?

I use the term “nett” to mean everything has been paid for except the mortgage. Maybe my definition…[Read more]

Originally posted by adambc:
Simon,

Could you possibly elaborate on how to access these MP3 audio books please? This sounds great!

Thanks,

Adam

Oasis Finance
for your Vendor Finance solutions
Achieve the Dream!
oasisfinance@optusnet.com.au

mmm I buy them…

Check your local library for CD’s too.

There are also the odd free download on the…[Read more]

Originally posted by WindDrifter:
Thank You one and all! [thumbsupanim]

I have never been a strong reader so I guess this will be a massive self improvement! i am taking 3 months off my part-time degree so at least I know what to fill the time with now.

Thanks again for the warm welcome and I hope to learn a lot. Maybe one day I could even repay…[Read more]

Originally posted by proper property:
I am desperate to buy something already i have been searching for six months but have not come up with some thing i am looking to spend 250k in a capital gaing suburb . looking for some reason why the prop is cheap. have bben looking in frankston but need someone to lead me to specific deal.

Perhaps you need…[Read more]

Originally posted by davidholihan:
Hi there – I just purchase 2 properties in Hobart there are giving me a 7% net return, so when borrowing at say 6.6%, it is positively cash flowed from the start.

They are out there. And funnly enough, the ANZ bank recently reported that the Hobart market is the only undervalued capital city real estate market…[Read more]

No need to split the loan.

Just claim 66% of the interest and other costs (electricity, rates, insurance etc).

Also add all the rent to your taxable income.

When you sell you will have to also pay CGT on 66% of any CG you make.

This is one reaon why people renting rooms often don’t declare it on their tax nor claim any negative gearing against…[Read more]

I have done all of this before to some success with students.

Rather than post everything I can think of can I ask you to give me a call sometime for a chat – that way you can ask all the questions.

Cheers,

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

Comments may…[Read more]

Adam makes some salient points.

Ask yourself what this company makes for looking after you.

Are you paying them a healthy upfront fee?

If not then where do they make money? I suggest on the sale of real estate.

I gather they are an investment group rather than a finance provider? The name is misleading.

All the best and please be very…[Read more]

This agent is telling you the exact truth and adding nothing useful.

Legally you cannot force the tenants to leave if they choose not to.

Unless they have broken some lease terms of course.

However there is no reason why you cannot ask them to leave, offer to pay their costs to move or any other avenue which gives them some choice and incentive…[Read more]

No

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.

Originally posted by Tramsnod:
Does anyone know what “LOL” means???????

LOL = Laughed out Loud – which indicates that something actually made you chuckle.

A LOC is easily understood by imagining it as a credit card account secured by property – at a lower rate. Until you use it no interest is charged. Thereafter interested is charged on the…[Read more]

Originally posted by Trade Off:
Hi

Nick at Strategic Wealth Management comes highly recommended.

http://www.strategicwealth.com.au/

I agree.

http://www.tradeoff.com.au
the new card for investors

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

Comments may not be…[Read more]