No, the 5% to 8% cash positive return is BEFORE depreciation, tax deductions etc.

email me for the particulars and I will forward them onto you.

The properties are pensioner and student accommodation

email me for the particulars and I will forward them onto you.

No unfortunately banks will not lend 100% on retirement villages as they see them as a commercial venture.
I sell pensioner units that are completely freehold and yet banks won’t lend 100% on them. They only lend up to 79% usually which means that the borrower does not have to take out mortgage insurance.

yes I can email you information on cash positive properties returning between 5% to 8% net return.

Go to my website
http://www.investinginproperty.com.au
and if you are interested I can email you the financials

Yes I can show you where you can purchase positive cash flow properties returning between 5% to 8% net return.

Look onto my website
[edited by admin]

and email me if you would like to see the financials, I would be happy to email them to anyone.

Propertyprofile

I know where you can purchase 2 units on 1 title that are 51.sm each for $185,000 returning over 7%net return, in Qld.

I would be happy to send you the details
please look at http://www.investinginproperty.com.au for details.

Propertyprofile

>>Kill two birds with one stone Pisces- marry one of the guys from FiveDock.<<

Life is ironic isn’t Kay. The guy I have my eye on at Five Dock has the hots for you []

>>Aren’t your affairs your wife’s affairs too? Or am I being old-fashioned here?<<

I thought you would know the difference between men and women.

It isn’t a matter of one being…[Read more]

You are only saying that Richmond because your better half happens to not be in the room looking over your shoulder.

Pisces

>>ref blind leading the blind. im not sure i read it that way. more understanding your limitations and then getting the best advise…<<

Good point Aussierogue.

Pisces

>>rather than being expensive its the cheapest way to go. if you get a lawyer to develop a contract from the start this will cost heaps. if there is already one in use then use it.<<

I doubt, Aussierogue, that we would get the benefit of an existing agreement. The only one who would benefit is the lawyer who would have an easier task and still…[Read more]

Hi,

>>find a lawyer who has experience in this type of setup.<<

How do you find such a person ?
What do you think that will cost ?

If you go this way (not necessary in my opinion anyway) it may be a good idea for you to first come up with a draft so as to save some costly solicitor’s time.

>>it is impossible for you to think up all the…[Read more]

Yes I agree, it goes without saying that there ought to be a written agreement between the parties.

What do you think however what should go into such an agreement ?

Care to assist Aussierogue and put a draft together
(using the 10 townhouses development proposal as an example) ?

However my question was what kind of pitfalls.

O.K. you are…[Read more]

Saving heaps ?

Let us assume the rent is $ 100 per week and you self manage.

If something goes wrong with the property, let us just think about some of the simple things which could go wrong.

1. washer needs replacing

2. roof blows off in the storm

3. something goes wrong and there is no electricity suddenly and you get a frantic phone…[Read more]

What is the LVR you want to borrow ?

Pisces

If some time has passed it may not be too difficult.

What I would like to know is who ordered the valuation.

There have been several situations recently (in Queensland) where the valuations were cooked to favour the vendor/developer.

Pisces

With a small sum of money one cannot buy a commercial property by oneself so a trust isn’t a bad idea as such.

But …………., unless the trust will be listed you may find it difficult to get out when you want to.

There are actually many such kind of trusts listed on the stock exchange.

Personally if I ever was inclined to buy shares in such…[Read more]

>>Also, be careful that your ‘spotter’ is legally entitled to receive a commission, in the state they are in, for a real estate related transaction.<<

Depending on how the agreement is worded, I doubt that a (real estate agent’s) licence would be required.

Cheers,

Pisces

It was very interesting to read Rachelle’s (one of the Mappers) perceptfull comments.

As Steve describes it in his January newsletter : “At the time she didn’t have the necessary money to close the deal, and this was just one of the many challenges she faced along the way. Her comment on reflection was, “There were plenty of times when I thought…[Read more]

>>The benefit of hindsight would be a truly wonderful thing to have.<<

What kind of remark is this Monica ?

If it was meant as a comical general remark fine but if was meant as a comment on Steve’s suggestion then I would suggest that it sounds as if you spoke before you actually had read the newsletter.

The advice of trying to ‘find a…[Read more]

41 and 43 sq. metres including the balcony as well as TWO bedrooms ?

Forget about it, sight unseen.

Very difficult to obtain finance., not only for you but also for the subsequent buyer.

If one wants to invests in NEw Zealand go and see for yourself or contact Westan or Mini who are on the spot.

Pisces