propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 9 months ago
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
propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 9 months ago
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]
propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 9 months ago
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]
propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 9 months ago
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]
propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 9 months ago
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
propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 9 months, 1 week ago
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]
propertyboy replied to the topic 7%+ yielding properties in the forum Help Needed! 9 months, 1 week ago
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]
propertyboy started the topic 7%+ yielding properties in the forum Help Needed! 9 months, 1 week ago
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]
propertyboy started the topic 7%+ yielding properties in the forum Help Needed! 9 months, 1 week ago
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]
propertyboy replied to the topic property syndicate in the forum General Property 9 months, 1 week ago
Interested pm sent
propertyboy started the topic property syndicate in the forum General Property 9 months, 2 weeks ago
Hi guys, anyone here got a good syndicate I could participate in?
propertyboy started the topic Receiver in the forum Help Needed! 1 year ago
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.
propertyboy replied to the topic Buyers agent for development property in the forum Help Needed! 1 year, 1 month ago
Bayside area
propertyboy started the topic Buyers agent for development property in the forum Help Needed! 1 year, 1 month ago
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]
propertyboy started the topic Investment property near proposed metro trains nsw in the forum Help Needed! 1 year, 1 month ago
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]
propertyboy started the topic Investment property near proposed metro trains nsw in the forum Help Needed! 1 year, 1 month ago
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! 1 year, 1 month 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! 1 year, 1 month 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
propertyboy replied to the topic Sheriff sales in the forum Help Needed! 1 year, 1 month ago
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.
propertyboy replied to the topic Sheriff sales in the forum Help Needed! 1 year, 1 month ago
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]
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