Total Members: 153,598

propertyboy

  • Yeh but you see i buy my next one on a 3% yield. IM done borrowing capacity done. I enjoy always looking for the next one

  • Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

  • Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

  • Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

  • Yes but stamp duty is much less, land tax is much lower, yield means dont get cappeD on serviceability. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property let me know

  • In my experience in aus you are capped on personal income for conventional lending  as resi yields are low and banks stress at very high rates. In uk, you can be on a very low perdonal income as long as its £25k (thats from property distributions mind you also) and as long as property services 1.25x of the interest that is all they test. I Wond…[Read more]

  • In aus you are capped on personal income for conventional lending of conventional lending as yields are low and banks stress at very high rates. In uk, you can be on a very low property and as long as property services 1.25x of the interest that is all they test. I Wonder if historic low rates have changed the game and wil make it easier for t…[Read more]

  • Hi guys, ive still got some borrowing capacity.

    i have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit -got lots of equity)

     

    but have been looking at some regional areas where yields are 7%+ and properties are ~200k. Effectively, i could keep buying and not be capped…[Read more]

  • Hi guys, ive still got some borrowing capacity.

    i have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit -got lots of equity)

     

    but have been looking at some regional areas where yields are 7%+ and properties are ~200k. Effectively, i could keep buying and not be capped…[Read more]

  • Interested pm sent

  • Hi guys, anyone here got a good syndicate I could participate in?

  • Anyone know how i can get in contact with receivers looking to offload distressed property quickly?

    How do i find them? I have access to cash and can move quick for the right deal.

  • Hi guys,

    i am looking for a buyers agent who can help me find an off market development site.

     

    that is,  i want to tell them my goal (buy a site and build 2/3 townhouses in a certain area) and have them find me appropriate sites at discount.

     

    I am looking for someone who understands build costs, implications of each site and associated c…[Read more]

  • im looking for an investment property in sydney.

     

    either buy two properties around 850k -1m each or one  1.7-1.8m

     

    been looking for properties near new metro stations hoping further capital growth once the stations are finalised in 2024 and servicing the areas. -eg punchbowl, bankstown, wiley park, lakemba etc or castle hill, cherrybrooks ,…[Read more]

  • im looking for an investment property in sydney.

     

    either buy two properties around 850k -1m each or one  1.7-1.8m

     

    been looking for properties near new metro stations hoping more growth once they finalised in 2024 – eg punchbowl, bankstown, wiley park, lakemba etc or castle hill, cherrybrooks , north ryde etc for larger option.

     

    thoughts…[Read more]

  • propertyboy replied to the topic Cash buyer in the forum Help Needed! 5 months ago

    Yes they may have their mortgage in place but its always subject to valuation and lender discretion.

     

    Just because a bank has given you an agreement in principle doesnt mean they can’t back out.

     

    What is the risk if I buy a non habitable property at auction (with agreement in principle) that the lender may reject if say the kitchen is not…[Read more]

  • propertyboy replied to the topic Sheriff sales in the forum Help Needed! 5 months ago

    So did you buy anything steve?

     

    In other countries, cash buyers buy at big discounts as it knocks the retail market and is a bridge to a more liquid sale

  • clearly states is not sold by an agent or auctioneer but the sherif.

     

    Also states the property can’t be inspected prior and no s32 vendor statement.

     

  • Straight from the victorian government webpage:

     

    Who conducts a Sheriff’s auction?
    A Sheriff’s auction is conducted by a Sheriff’s officer, not a real estate agent or auctioneer.

    Sheriff’s auctions of real estate differ from usual auctions conducted by real estate agents/licensed auctioneers.

    A property can not be inspected prior to auction…[Read more]

  • Load More

propertyboy

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