I am doing a similar thing but in the United States rather than in Australia. We are looking to buy apartment complexes in the Miami and Palm beach areas in Florida. However our aim will be to hold them for 5 years.

In Australia our aim will be to develop townhouses giving investors the opportunity of investing in Wholesale Property

Mido who knows what the market will be doing in 2019. All I know is that people are defaulting in record numbers on current apartment deals because the valuations are coming in way low. It is important to look at how many people are moving to cities. Now in Melbourne I know that there are around 75,000 people per year moving here and given that…[Read more]

I think as long as you do your due diligence and are looking to keep the property for around 10 years plus you will not go wrong. Personally you do not need a 40 square house. Something from 22 to 25 squares ideally 4 bedrooms 2 bath double garage. You will not go wrong. If you are buying to hold for 2 or 3 years you are a speculator not an…[Read more]

I have been involved in the American markets for a number of years. I am establishing a new straight forward model of buying large apartment complexes in the 2 to 6 million mark depending on the number of investors we can put together. The benefits are that we can get non recourse finance at around 70%. We have just refinanced a 26 unit complex at…[Read more]

I have been involved in the American markets for a number of years. I am establishing a new straight forward model of buying large apartment complexes in the 2 to 6 million mark depending on the number of investors we can put together. The benefits are that we can get non recourse finance at around 70%. We have just refinanced a 26 unit complex at…[Read more]

Hi Generally around $100,000 and up

The benefit with larger properties is we can borrow around 70% non recourse at a good rate

The problem with single houses is that if you are keeping as an investment the returns are not there. Generally finance is expensive. If you lose your tenant you have a problem. If you are renovating to onsel the risk is…[Read more]

I am working on a new model of buying from smaller to larger apartment complexes ranging on a value of between 2 and 10 million. I am working with a high level tax Accountant in Australia and a few in the United States including a finance expert who has experience at leading at anything up to 100 million. Now I realize that we are all used to…[Read more]

Its not the best area of St kilda but St Kilda is not cheap. What type of properties are you seeing that is sub $200,000

I cringe when I hear the term student accommodation. Then I hear Noble Park a double cringe. However Student Accommodation in my opinion is bad investment. As Richard has said you will only get a 60% loan that’s if you are lucky and you will then have an investment that will be lucky not to go backwards.

So an ideal investment is one that will…[Read more]

Yes Benny I agree

The reason may investors would buy in outer areas is because new property in inner city locations is to expensive for many investors.
I also agree that the government like so many misinformed politicians and media do not understand that owner occupiers drive the market not investors

If the political parties are serious about…[Read more]

Ruthie

I have been involved in the US since 2005 and the greatest issue is finding good people to work with and a good team is always a process. However I have a great Accountant who is specialises in foreign nations so he knows the best way to set up structures and can advise you on all tax matters.

I am staying away from houses because private…[Read more]

Yes they are

The 26 unit apartment complex was closed about 5 weeks ago
Smaller properties are available. It is always important to do your research carefully. However I have people who can source these deals from the banks and other sources.

Buying commercial property in the US is easier than residential. In many cases you can still get non recourse finance. That is where the loan is taken against the property rather than the people taking out the loan. However we have just bought a 26 unit complex for 1.3 million nd you can by a 6 unit complex for around $350,000 to $400, 000 with…[Read more]

Have you considered commercial property in the United States. Its easier there to get finance on commercial than it is residential. If you are looking in Australia to buy quality commercial is expensive stay away from cheap properties like warehouses and factories as often they are the first properties to lose tenants in any downturn. Without…[Read more]

What I have found is that flipping houses is just too hard. Now I am talking about the Florida market. My view is that as flipping has become more popular the banks have raised the prices and hard money lenders have raised there fees. What this means is that the margins have become much tighter. Generally the best market to aim at is the owner…[Read more]