Hi:CHRIS
That is too bad because it is a great way to get into cash flow positive properties.I approached a seller last year he was selling his house for 154,900 ,it has a three bedroom suite upstairs and a two bedroom suite downstairs. Both have separate entrances and separate services. He owed 123,500 on his mortgage, I offered him 20,000 cash…[Read more]

Hi:Andrew
In canada the banks like to see min. 15% down on rental property I like to put down 25% because it saves me alot of money on extra fees and increases my cash flow.The example is based on 100,000 dollar house for sale.
price–100,000
1st mortgage — 75,000 payment at 4.5% over 25 years = 95.40 weekly
you have convinced the vendor to carry…[Read more]

I might be misunderstanding the question but in canada we use vendor financing alot.It’s a great way to get into investment property if you don’t have alot of capital on hand . keeping in mind that the property must still remain cash flow positive even after all the vendor terms are met.The tenant is the one whom is paying down the loan.

hope…[Read more]

Darren,

Thanks for the recommendation. All that is required for this particular “No-Doc” loan, the front page of the sales contract, a copy of the applicant’s drivers licence and passport and a completed application form.

It is preferrrable if people could contact me on gregl@ald.com.au I can then email a fact sheet and an application form. It…[Read more]

Steve,
Appreciated your comments and taken on board.

If interest rates go up, will this in fact be shown in property values? Like will property prices drop if the interest rate rises?

Thanks.
R

Hi Steve,
Looks like a good website, with regard to more info, heck, obviously it’d be great if you just threw up all your wrap strategies and secrets, but I do understand that the idea is to fork out 2k for the library.
Congrats on your successes, if you do a seminar in Perth, that’d be great.
Cheers,
Richie

Quote:
Hi Steve,

Would like to know where you can find positive cash flow houses in melbourne, I cannot seem to find any that meet your criteria
what am i doing wrong
Thanks

simone

Simone

You ask in you post ” what am i doing wrong” but in order for some assistance to be useful, you might give us an idea of what you are doing. A basic…[Read more]

Hi,

I’ve spoken to my accountant about this in some length.

This is how I do it. If I buy at $50,000 and sell at $70,000 I have potentially made (on paper) a $20,000 profit. However, I won’t fully realise the profit until the very last payment. I am actually realising it bit by bit with each payment.

Every repayment I receive from the client is…[Read more]

Age may be or may not be a hassle – perhaps it can be used as an advantage in the context of psychology and identifying who was serious etc.

It really depends on selection and ensuring that your strategy is deployed as correctly as possible.