Hi Sydneyguy

I believe my partner Jacqui has forwarded to you details about our buyers agents services and our PDF flyer on how to turbo charge your portfolio.

I am sure you have read my API article on how I built my property empire in the 90’s and early 2000’s but very similar to the way you want to start.

Cheers

Yours in Finance
0-40…[Read more]

Agree with Corey not much upside at all.

You can always engage the services of a consultant for most things and that is likely to be a lot cheaper for you that a profit share.

Certainly will hinder your borrowing capacity and like anything even the best laid plans can go astray.

In Brisbane I used to get a call a week from a forum member asking…[Read more]

Hard to know without a full valuation but potentially Yes it may not be deemed a suitable security for mortgage purposes.

You would have to question why the agent put the contract forward if he was aware of the buyers circumstances but apart from that it is likely you would find to fund a lender to fund something on the deal.

What you may…[Read more]

Hard to know without a full valuation but potentially Yes it may not be deemed a suitable security for mortgage purposes.

You would have to question why the agent put the contract forward if he was aware of the buyers circumstances but apart from that likely to fund a lender to fund.

What you may struggle with is a lender that allows you to fund…[Read more]

Yes Mel the “cooling off” period of 5 days is state based legislation and relates to where the property is located not where you are.

In saying this just understand that if you terminate using the Cooling Off clause there is a 0.25% penalty which the seller can claim,

Might be better to terminate under the finance clause where there is no…[Read more]

10-12K is almost double what a decent Buyers Agent will charge (Albeit i might be slightly biased) however it all depends on what your goals and objectives are.

If you are merely looking at buying a 1 off IP located in your own area then you could argue the funds could be better spent on increasing your deposit.

If you are serious in building a…[Read more]

10-12K is almost double what a decent Buyers Agent will charge (Albeit i might be slightly biased) however it all depends on what your goals and objectives are.

If you are merely looking at buying a 1 off IP located in your own area then you could argue the funds could be better spent on increasing your deposit.

If you are serious in building a…[Read more]

Nothing new about what you are trying to achieve and was how i built my property portfolio in Brisbane at the of the 90’s.

We then decided to pay down all of the investment debt and live off the rental income.

Course other considerations when it is an investment property rather than a PPOR.

Cheers

Yours in Finance
0-40 Properties in a Decade.…[Read more]

No you could be a Guarantor as Terry mentioned but that doesn’t help your serviceability going forward.

Cheers

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

No you could be a Guarantor as Terry mentioned but that doesn’t help your serviceability going forward.

Cheers

Yours in Finance.

Hi Nathan

Will depend on the wording in the instalment contract but normally the investor will cover it and then either debit the loan account monthly / annually as specified.

Cheers

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

We are still getting a number of BA enquiries from overseas and first thing we do is ask for a copy of their Residency Certificate.

Certainly can be an expensive oversight if you are not diligent.

Cheers

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

Hi Ando

There are a number of ways you can on-sell the property offering some form of Vendor Finance arrangement whether it be Rent to Buy, Sale by Installment Contract etc. In all cases your Solicitor will need to draw up a specific contract as it may need to be NCCP compliant.

Whether you are required to hold a Australian Credit License will…[Read more]

Barlow it is like any investment.

If the fundamentals are right then it doesn’t matter when you get in you will do well in the long term.

In saying this i remember when my parents purchased their property in the UK in 1966.
They paid 4400 pounds for it and their Bank manager told then it was at the peak of the market and they would lose…[Read more]

It is interesting point Xenia makes and the same comes into play with Sales Commission.

In Qld the amount an agent can charge for a sale has been recently been deregulated and for anything under say 350K you will find most agents are not charging 3% + wheareas until recently maximum was 2.5% plus $900.

We regularly get asked by Vendors will we…[Read more]

Sounds like a fairly standard construction loan and most other lenders should be able to accomadate.

Cheers

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

http://www.smsfadviseronline.com.au/news/13528-supreme-court-moves-on-property-spruiker?utm_source=SMSFAdviser&utm_campaign=SMSFAdviser_Newsflash30_11_2015&utm_medium=email

Latest update on Park Trent.

Cheers

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