Nooob replied to the topic Can new homes or units be CF neutral/positive? in the forum Help Needed! 11 years, 10 months ago
I've heard this one about 2 weeks ago and I'm not sure if it is true or not;An investor told me that he purchased a unit near Perth (within the 10k diameter), "off the plan" and after 6 months when it was ready, it was CF+ by $100/week.I know that developers have to pre sale a percentage of their units to be able to secure their finance of…[Read more]
Nooob replied to the topic Good Books in the forum Heads Up! 11 years, 10 months ago
Sorry I shouldn't have started a new topic. We already have one:https://www.propertyinvesting.com/forums/community/heads-up/6845
Nooob replied to the topic Anyone Know About Student Accommodation Insurance? in the forum I’ve clicked on their case 11 years, 10 months ago
I've clicked on their case study and the very first case will give you an idea about the cost:Mrs. Thomas has a property and had 5 tenants and herself living on the property under 5 individual leases… bla bla bla Existing Insurance policy cost $1027 Total cost of damage $250,000 Student Accommodation Insurance Policy with PBi cost $2750Thanks Jason
Nooob replied to the topic The one percent rule in the forum General Property 11 years, 10 months ago
OK Kong is right;I've downloaded a cost to hold calculator from here:http://passgo.com.au/investment-property-analysis-tool.htmlI've practiced with different numbers and 1% rule is correct to make the property neutral. If the interest rate is 7% , you will require ~8% rent to make it neutral.Also on another one of this magazines the investor was…[Read more]
Nooob replied to the topic Sewerage pipes …help please. Want to build a granny flat in the forum Help Needed! 11 years, 10 months ago
Just from the engineering point of view:If your structure is going to sit on the sewer line you will require a piling mechanism to pass the load of your building to a layer deeper than the sewer.As a rough figure for a single level building you will require screw piles every 1.5m (on top of the sewer line only) and they will be roughly 3m long…[Read more]
Nooob replied to the topic Strategy / Planning in the forum Help Needed! 11 years, 10 months ago
kum yin lau wrote:
…* Your savings rate is VERY low if you only saved $20K on a 190K p.a. …
To answer this one; I've been working for a small construction company which their pay was 1/3 of what I'm getting now and I just moved to a bigger company (7 months ago).On the other hand I used to owe some money on my car and credit cards that I've…[Read more]
Nooob replied to the topic Strategy / Planning in the forum Help Needed! 11 years, 10 months ago
Thank you all for reading and special thanks to you who repliedJamieYou are 100% correct. I need a mentor but usually mentors are sooo successful that they don't need to help a noob.I've been in touch with Mortgage Choice but they were not interested in providing a strategy and I understand that it is not their field.I found one of these "all in…[Read more]