Investment in QLD on $200k borrowed 100%LVR is $2,763 for a owner occupied property but $6,643 for an investment.

From Realestate.com.au
Owner Occupied Concession:
These rates are applicable only where property is not being gifted or transferred between spouses. In these cases, investment rates are applicable.

First Home Buyer Rebate:
Full stamp…[Read more]

thanks for the feedback guys,

i’ll tell you my situation, im 20yrs old
and i have about $25g saved up, so if i did have to make the payments on the land i could,

to me it just seemed like a good quick way to make a profit, as its hard to find cashflow properties that are cheap enough for me (a 20yr old) to secure a loan on,

as you came imagine,…[Read more]

i find it very hard to beleive tht the whole 150 could be lost. if anything sell for what you paid, this is land in a booming area of the gold coast, we are atlking a $20g increase less than 2 months.

what about the possiblity of throwing a quick spec hoe on the land and selling off as house and land???

quote:
I would tend to agree with Slum Lord – it sounds rather risky for a first deal. Also I don’t see how it is a positive cash flow incom.[]

its cashflow positive because of the capital gain in 6 months…..upon the sale

i understand that it is risky , but this area is booming and it is doubtfull that the land wouldnt sell down the track….

I just wanted to know if anyone had any important information on Westpoint, are they a worthy company, are there any risks am I better off organising an investment property on my own.

Two Words – Henry Kaye

Petters

Jars11,

The APIM weekend has been advertised on this web site for quite some time now… but unfortunately it appears as though you may have missed the advertisements…

It really is a shame you missed the weekend, but I can still highly recommend the other products advertised on this site under the resources section as a great starting point…[Read more]

Michael,

Your points are true and I have probably been a little impatient.

Thanks for the feedback – I tried to research the sales prices but it is hard to track when you have 2 or more sales prior to settlement sometimes.

What i am learning is that you can’t rely on anything you read in papers – have you seen the Headlines in The Herald Sun…[Read more]

Tips – be nice to your mum and get a good education.

No – I’m not being smart.

Be nice to your Mum because maybe she will let you use her equity to give you that headstart.

And get a good education so you know what you are doing.

That is what I would do if I was 18 again – in property anyway – GIRLS – now that’s another story.

Petters

Someone must have a story about this – you hear of it all the time!

Or maybe it’s not true?? Just more information designed to sell newspapers??

Maybe another conspiracy theory raises it’s head??

Petters

Don’t sell it – use the equity to help buy you another property.

This type of property investing is not meant to be short term. If you sell in two years then you will be luck to muck anything usually.

If this property keeps growing at the rate you mentioned (about7.5%) then it will be worth about $900,000 in ten years.

Profit then will a bit []…[Read more]

Thanks Hilary.I `ll expand to QLD next year.Please send some info regarding beach house in QLD.My email is alteh65@yahoo.com

Thanks Hilary.I `ll expand to QLD nest year.Please send some info regarding beach house in QLD.My email is alteh65@yahoo.com

Claiming interest onloans is all about what the purpose of the loan is.

If the purpose of the loan is to fund an investment property owned by you then you should get to claim the interest.

My thoughts – from my experience

(you really should ask an accountant this question though)

Sometimes free information costs you more than you expect!

Petters

$100,000 construction cost back in 1987 would be a substantial size property. Be careful not to over estimate what you think the property cost to build back in 1987.

Construction prices have gone up incredibly since then.

Sounds good though.

Petters

I would put you cash into your home loan and have a redraw facility available on it.

Then use you equity to invest into an investment property.

Reduce debt that gives you no benefits. You can cliam the interest on an IP but not the interest on your home.

Don’t rely on what you learn in here but use it to ask questions of proffesional people who…[Read more]

If you transfer to an unrelated party then there will be double stamp duty. I have done this on off-th-plan purchases a few times.

As far as I am aware the last purchaser becomes liable to pay all the stamp duty for the orginal purchaser/s. There is then a disbursement via solicitors at settlement to refund the stamp duty payable by the vendors…[Read more]

My thoughts are that it harder to go broke making a profit.

We should all be aware that there are many avenues of Property Investing. Some ways come and go but ones that will never come and go and has been around almost forever is the buy/hold strategy.

For this strategy to work best you have to pick areas that will give you the best…[Read more]

Low Documnet loan would be the best way to go for now as you do not have a job. But if you plan to get a job in the short term then be careful locking into a product like this. Some have substantial penalties for refinancing.

If you are going to get a job in the short term banks will look at the following points.

How long have you been…[Read more]

Look around the southern suburbs of Rockingham, Safety Bay , Shoalwater, Warnbro, Secret Harbour anything close to the water. []