Rachelm

What is the land purchase and estimated construction?

Profit looks a bit skinny for us to be interested but if the numbers stack up who knows.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Cam what you paid for it will have little bearing on the valuation.

It will still come back at contract price.

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Yours in Finance
0-40 Properties in a decade. Ask me how.

Yep looks like it might be Jamie.

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Yours in Finance
0-40 Properties in a decade. Ask me how.

Yep looks like it might be Charlie

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Jonathan Yes by doing what you suggest you are cross collateralising the securities.

Only way is to avoid this is to establish 3 separate loans.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Ajay

Not sure you do for a living but I assume you don’t work for free.

Consequently why would you expect any Buyers Agent or Broker to do the same.

When you engage a Professional in any area of business you are paying for their expertise.

Why would you expect them to give you the goodies up front without any form of commitment.

In Qld we…[Read more]

I can’t believe this suburb has reared its ugly head again.

Do a search on previous posts as it has been running for a while.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Agree with Jamie.

Wouldn’t buy vacant land but look at a cheaper property with some element of gearing.

Make sure whatever you buy generates at least $200 / week as the cost of repairing an oven or a stove is the same for a $150K property as it is for one costing $300K.

Big difference is at $150K it might be 3 weeks rent whereas at $300K it…[Read more]

Wouldn’t risk buying an OTP property in the current climate.

I believe you can do just as well buying an established property in the right location.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Elle

Personally i would avoid Enoggera Road at all costs.

Isn’t to get any quieter. You can certainly buy in a better position IMO.

Cheers

Yours in Finance. 0-40 Properties in a decade. Ask me how.

Location is a hard one and will depend on where you want to start price wise.

We normally suggest a client start slowly with a good cash flow property and then expand from there.

If you want a copy of our PDF “Turbo charge your property portfolio” shoot us an email and we can send you a copy.

Cheers

Yours in Finance
0-40 properties in a…[Read more]

Hi Matti

Welcome to the forum and I hope you enjoy your time with us.

We have a number of forum clients who have engaged our services recently to buy something in one of the inner suburbs with a max price of $500-550K and we are certainly fulfilling these requirements. In saying this you are probably looking at a Unit rather than a Townhouse at…[Read more]

Hi Matti

Welcome to the forum and I hope you enjoy your time with us.

We have a number of forum clients who have engaged our services recently to buy something in one of the inner suburbs with a max price of $500-550K and we are certainly fulfilling these requirements. In saying this you are probably looking at a Unit rather than a Townhouse a…[Read more]

Shezza not sure where you are looking at buying but you will need to save a lot more than 10-15K for a deposit.

You mention you wish to invest in property so on that basis assume it will not be an owner occupied property.

Minimum deposit would be 10% of the purchase price plus acquisition costs.

On a 300K property you would probably need…[Read more]

Hi Asou

Whether you intend to occupy the property or not will have NO affect on the valuation.

2 of the 4 deals we have done for forum clients recently were for owner occupation.

One property came in at $155K more than the purchase price and the client set up an equity loan in additional to the funds needed for settlement so he could start an…[Read more]

Hi Asou

Sorry have to disagree with the previous posts.

If you purchased the property 2 years ago and settlement is coming up i would be concerned if the valuation came in at the purchase price.

We have had a number of forum clients valuations come in considerably higher than the purchase price on off the plan properties and the lenders will…[Read more]

Hi Mike

Yes I do and we are already seeing opportunity especially around the event areas.

Cheers

Yours in Finance
0-40 properties in a decade.Ask me how.

Hi Ando

Just on the License front it is very unlikely you would be approved by ASIC for an ACL in the current regime.

We obtained a Corporate License for our new No Deposit Housing Company and with 28 years in the industry i was put thru the ringer.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Sampson

At the moment due to demand our Buyers Agency service only covers Brisbane.

We are looking at adding the Gold Coast with the Commonwealth Games coming up but won’t be for another year.

Let me us know if you need any additional information.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.